With low exchange charges. Blockcloud Okx … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When taking part in staking or saving functions, it also offers exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that differ based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may get approved for discounts. Alternatives, futures, and swaps have their own rate schedules with varying fees.
One big downside of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, concealed expense details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information before proceeding. If you unintentionally send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t normally face with standard banking platforms. However, the best practices for keeping your financial accounts protected are similar. These include utilizing strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many client properties. 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 easy for anybody beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished to purchase 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 and that we want to take profit at this level what we wish to do is find the difference in between these worths which’s going to give us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Blockcloud Okx
distinction in between the entry and the stop alright and that’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of just ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar amount alright so that means that in order to discover the capital requirement or the quantity of money that we need for this trade we need to take the quantity 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 multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to enter into this position when we’re using leverage the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have 10 thousand dollars to utilize okay because if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account that makes it impossible fine so let’s visit buy bit here let’s say we wish 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 watch what happens when we open up our leverage alright and you’re gon na get this caution that the liquidation is high fine 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 ideal thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this leverage capability is altering nothing about the danger profile on the trade okay if you plan on trading anyways use the recommendation Link in the description all right each week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars weekly we’re choosing three winners a week all right we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed below you can check out our Discord where we reveal the winners all right before we hop into the trading system that you can use to begin taking these trades I wish to review the guidelines that I would suggest utilizing when growing a little account all right so the very first rule is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a little bit larger the 3rd thing and this is incredibly essential is everyone has a mental threshold when it comes to how much money they’re comfortable risking 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 says you’re going to begin feeling a bit psychological about the trades which’s something that you truly wish to prevent till you come comfortable doing that fine so state you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that pull back to fifty dollars per trade choice that fixed quantity as soon as you want to maintain your capital and simply pick an objective per day on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars per week so I’m using you learn about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you understand a couple years from now move up to a thousand shot to make three to five thousand per trade and try to double my income alright so let’s enter into 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 absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai fine but what I wish to do is find an area where I have a newly developed uptrend first thing that I want to do is recognize my wave count all right so if this is our start
first pullback is two largest waves approximately 3 pullback is 4 and then the high is five and the method we can look for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here 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 go up to the high of one if our cost action boils down through