With low exchange costs. Debit Card Okx … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It also offers remarkably high yields sometimes when participating in staking or conserving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest 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 issues.
You can develop an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
also 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. might work as an exchange you use 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 inadequate room to list them all in our OKX evaluation. 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 big holding in the OKB currency might certify for discounts.
One huge drawback of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, hidden expense information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal details 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 usually face with traditional banking platforms. The finest practices for keeping your financial accounts safe are similar. These include using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of client properties. It also has offers extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 want to take revenue at this level what we wish to do is find the difference in between these worths and that’s going to give us.057 then we’re going to take the dollar quantity risk we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Debit Card Okx
difference in between the stop and the entry all right and that’s going to give us the amount of tokens that we need to buy in order to run the risk of just ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat reward and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have that set dollar quantity fine so that implies that in order to discover the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and multiply 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 provide us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to utilize alright since if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account which makes it impossible alright so let’s go over to purchase bit here let’s state we wish to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open our leverage 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 risking that 10 dollars you are safe and you’re doing the best thing okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is altering nothing about the danger profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description okay weekly we do a free gift where anyone trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars per week we’re choosing 3 winners a week all right we’re attempting to offer the costs that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can check out our Discord where we reveal the winners okay before we hop into the trading system that you can use to start taking these trades I want to discuss the guidelines that I would advise utilizing when growing a small account fine so the very first guideline is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat okay each time you double the account so when you go to 100 approximately 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there up until we scale our account up a bit larger the 3rd thing and this is super important is everybody has a mental limit when it pertains to just how much cash 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 says you’re going to start feeling a little bit emotional about the trades and that’s something that you truly wish to prevent until you come comfy doing that fine so state you work your method up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can stroll that back down to fifty dollars per trade pick that repaired quantity when you want to maintain your capital and simply choose a goal each day on
the cash that you want to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make three that three to five thousand dollars per week so I’m utilizing 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 understand a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings alright so let’s get into the support of the actual trading this is a system that I have actually 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 actually in Dubai fine however what I wish to do is discover an area where I have actually a newly developed uptrend first thing that I want to do is determine my wave count okay so if this is our start
first pullback is two biggest waves up to three pullback is four and after that the high is five and the method we can try to find the top of five 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 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 boils down through