With low exchange costs. What Can You Do With Okx … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or saving functions, it likewise offers extremely high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance issues.
You can produce an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might qualify for discounts.
One huge downside of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely won’t recuperate any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not normally face with traditional banking platforms. The finest practices for keeping your financial accounts protected are comparable. These include utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most consumer assets. It also has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished to buy apecoin at this level put our stop loss down at this level significance that if we’re wrong and it continues moving down we’re offering our position which we want to take earnings at this level what we wish to do is discover the difference between these values which’s going to provide us.057 then we’re going to take the dollar quantity risk we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the What Can You Do With Okx
difference in between the stop and the entry all right and that’s going to provide us the amount of tokens that we require to buy in order to run the risk of only ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our danger benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar amount okay so that implies that in order to find the capital requirement or the amount of money that we need for this trade we need to take the amount of coins and increase it by the entry rate which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 which’s going to give us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have ten thousand dollars to utilize alright since if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it impossible alright so let’s visit purchase bit here let’s say we want to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open our take advantage of fine and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is changing nothing about the risk profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description okay every week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars each week we’re picking three winners a week fine we’re attempting to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can check out our Discord where we announce the winners all right before we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would suggest using when growing a small account fine so the very first rule is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 up to 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there until we scale our account up a bit bigger the 3rd thing and this is incredibly essential is everyone has a psychological threshold when it pertains to how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math states you’re going to start feeling a bit emotional about the trades and that’s something that you really want to prevent until you come comfortable doing that all right so state you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that pull back to fifty dollars per trade pick that repaired quantity once you wish to preserve your capital and simply select an objective daily on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that 3 to 5 thousand dollars per week so I’m utilizing you learn about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings alright so let’s enter the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai all right but what I wish to do is discover a location where I have actually a recently established uptrend first thing that I want to do is determine my wave count all right so if this is our beginning
very first pullback is 2 biggest waves as much as 3 pullback is four and after that the high is 5 and the method we can try to find the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and then find my factor of one and you can see the cost action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and go up to the high of one if our rate action comes down through