With low exchange charges. Difference Between Okx And Okx Pro … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or saving functions, it likewise uses extremely high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
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The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can produce an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
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likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 room to list them all in our OKX review. There are 343 currencies on the exchange total.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into various rates tiers that differ based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may get approved for discount rates. Futures, alternatives, and swaps have their own rate schedules with differing costs.
One huge disadvantage of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, hidden expense information are a red flag that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details before continuing. You likely won’t recover any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t typically face with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are similar. These consist of utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for a lot of consumer possessions. It also has offers extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of 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 significance 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 between these values and that’s going to give us.057 then we’re going to take the dollar quantity 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 Difference Between Okx And Okx Pro
difference between the entry and the stop fine and that’s going to give us the quantity of tokens that we require to buy in order to risk only ten dollars alright if we’re just 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 absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar quantity 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 amount of coins and increase it by the entry rate 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 provide 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 need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have ten thousand dollars to use all right due to the fact that if we just had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account that makes it difficult fine so let’s go over to buy bit here let’s state we wish to take this ape trade here okay 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 leverage alright 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 10 dollars you are safe and you’re doing the right thing fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this take advantage of ability is altering absolutely nothing about the danger profile on the trade fine if you plan on trading anyways utilize 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 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 gathering from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can utilize to begin taking these trades I want to review the guidelines that I would suggest using when growing a little account fine so the first guideline is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk alright 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 amount and use that there till we scale our account up a bit bigger the third thing and this is very important is everyone has a mental limit when it comes to how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math says you’re going to start feeling a bit psychological about the trades and that’s something that you really want to prevent up until you come comfortable doing that alright so say you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can stroll that pull back to fifty dollars per trade pick that fixed quantity once you want to protect your capital and simply select an objective per day on
the cash that you wish to make once you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 to five thousand dollars each week so I’m utilizing you understand about 2.5 percent of my entire 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 move up to a thousand try to make 3 to 5 thousand per trade and try to double my income all right so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely 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 alright however what I want to do is find a location where I have actually a newly established uptrend first thing that I wish to do is determine my wave count okay so if this is our start
first pullback is 2 biggest waves as much as three pullback is four and then the high is 5 and the way we can search for the top of five 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 after that discover my aspect 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 go up to the high of one if our price action boils down through