With low exchange charges. Can I Leave My Crypto On Okx … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When taking part in staking or saving features, it also offers remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces 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 don’t take users from the United States due to regulative and compliance concerns.
If you remain in a location that deals with OKX, you can create an account that offers you access to trade 343 spot currencies.
also supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you use in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different 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 big holding in the OKB currency might receive discount rates. Options, swaps, and futures have their own rate schedules with differing costs.
One big disadvantage of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, covert cost details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check deal information prior to continuing. If you inadvertently send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security concerns you do not normally confront with conventional banking platforms. The finest practices for keeping your financial accounts safe are similar. These include using strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most customer properties. It likewise has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wanted 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 selling our position which we wish to take earnings at this level what we want to do is find the distinction in between these values and that’s going to offer us.057 then we’re going to take the dollar amount 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 Can I Leave My Crypto On Okx
distinction between the entry and the stop okay and that’s going to give us the amount of tokens that we need to buy in order to risk only ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar amount okay so that suggests that in order to find the capital requirement or the quantity of money that we need for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here all right 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 need to be able to enter this position when we’re using leverage the only thing it’s changing is just how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have 10 thousand dollars to use okay because if we only had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account which makes it impossible okay so let’s visit purchase 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 see what occurs when we open up our utilize okay and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this utilize capability is changing nothing about the danger profile on the trade alright if you intend on trading anyways use the referral Link in the description all right every week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars per 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 people trading with us connect is below you can have a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would recommend utilizing when growing a small account okay so the very first rule is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk okay each time you double the account so when you go to 100 up to 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there up until we scale our account up a bit larger the third thing and this is super crucial is everybody has a psychological threshold when it concerns how much cash 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 math says you’re going to start feeling a little bit psychological about the trades which’s something that you really wish to prevent till you come comfy doing that all right so state you work your way approximately 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 okay you can walk that pull back to fifty dollars per trade choice that fixed quantity when you want to protect your capital and just select a goal daily on
the money that you want to make as soon as you get up to a comfortable 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 weekly so I’m using you understand 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 try to make 3 to five thousand per trade and attempt to double my earnings alright so let’s enter the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces 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 really in Dubai all right but what I want to do is discover an area where I have a freshly established uptrend first thing that I wish to do is identify my wave count alright so if this is our beginning
very first pullback is two biggest waves as much as three pullback is 4 and then the high is 5 and the way we can try to find the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and after that discover my element 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 comes down through