With low exchange costs. Bcnex Okx Global … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It also uses extremely high yields in many cases when taking part in staking or conserving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX review. There are 343 currencies on the exchange overall.
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 may qualify for discounts.
One huge disadvantage of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, covert cost details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you accidentally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you do not generally face with traditional banking platforms. The finest practices for keeping your financial accounts safe are similar. These include utilizing strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of consumer properties. It likewise has deals extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted to purchase apecoin at this level put our stop loss down at this level meaning that if we’re wrong and it continues moving down we’re offering our position which we want to take revenue at this level what we wish to do is discover the difference in between these values and that’s going to provide us.057 then we’re going to take the dollar amount threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Bcnex Okx Global
distinction between the entry and the stop fine and that’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our danger reward and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have actually that set dollar amount all right so that indicates that in order to find the capital requirement or the quantity 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 okay so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter into this position when we’re using utilize the only thing it’s altering is how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have ten thousand dollars to use okay because if we just had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account that makes it impossible fine so let’s go over to buy bit here let’s say we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open up our take advantage of okay and you’re gon na get this caution that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re running the risk of that ten 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 entire account alright so this leverage capability is changing absolutely nothing about the threat profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description fine each week we do a free gift where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re selecting 3 winners a week okay we’re attempting to give the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we reveal the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I want to discuss the rules that I would recommend using when growing a small account fine so the very first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 as much as 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there till we scale our account up a little bit bigger the third thing and this is very crucial is everyone has a psychological threshold when it comes to just how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit psychological about the trades which’s something that you really wish to prevent up until you come comfortable doing that all right so say you work your method as much as 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can walk that back down to fifty dollars per trade choice that fixed quantity when you wish to protect your capital and simply select a goal each day on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make three that three to 5 thousand dollars each week so I’m using you know 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 move up to a thousand try to make 3 to five thousand per trade and attempt to double my earnings alright so let’s get into the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai fine but what I want to do is find a location where I have actually a freshly developed uptrend first thing that I want to do is recognize my wave count okay so if this is our start
first pullback is 2 biggest waves approximately 3 pullback is four and after that the high is five and the way we can search for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and then discover my factor of one and you can see the price action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our rate action comes down through