With low exchange fees. Cryptocurrency Okx … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. It also provides exceptionally high yields in some cases when participating in staking or saving features.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
If you’re in a location that deals with OKX, you can create an account that offers you access to trade 343 spot currencies.
likewise supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 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 overall.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may certify for discounts.
One huge disadvantage of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, surprise cost details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information prior to continuing. If you inadvertently send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you do not usually face with traditional banking platforms. The best practices for keeping your financial accounts safe are comparable. These consist of utilizing strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for most client possessions. It likewise has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 selling our position and that we wish to take earnings at this level what we wish to do is discover the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar amount threat 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 Cryptocurrency Okx
difference in between the stop and the entry alright which’s going to give us the amount of tokens that we require to buy in order to risk just ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar quantity all right so that suggests that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we require to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have ten thousand dollars to use fine since if we only had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account which makes it impossible okay so let’s go over to purchase bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open up our utilize fine and you’re gon na get this warning that the liquidation is high okay 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 right thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is altering absolutely nothing about the danger profile on the trade okay if you plan on trading anyways use the referral Link in the description fine weekly we do a free gift where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re picking three winners a week fine we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can have a look at our Discord where we reveal the winners okay before 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 start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk fine each time you double the account so when you go to 100 as much as 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there until we scale our account up a bit bigger the third thing and this is incredibly essential is everyone has a psychological threshold when it pertains 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 trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit emotional about the trades and that’s something that you really want to prevent up until you come comfy doing that fine so state you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that back down to fifty dollars per trade choice that fixed amount when you wish to maintain your capital and just pick a goal per day on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your income 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 then I’ll increase it you know a couple years from now go up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings all right so let’s enter the support of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai all right but what I wish to do is find an area where I have actually a recently developed uptrend first thing that I wish to do is determine my wave count fine so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is 4 and after that the high is 5 and the way we can try to find the top of 5 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 discover my element of one and you can see the rate 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 cost action comes down through