With low exchange fees. Do Okx Spending Fees … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It likewise uses remarkably high yields sometimes when taking part in staking or saving features.
was founded in 2017 and maintains a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can create an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin loaning, earning 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list 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 might qualify for discount rates.
One huge disadvantage of is that it doesn’t divulge costs for withdrawals and deposits. While much of is transparent, covert cost details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction information prior to proceeding. You likely won’t recover any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not usually confront with traditional banking platforms. However, the best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of customer properties. 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 simple for anybody beyond the United States. You will find a familiar experience at OKX if you’ve 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 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 discover the difference between these worths which’s going to offer 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 10 dollars and we’re going to divide it by the Do Okx Spending Fees
distinction in between the entry and the stop all right and that’s going to provide us the quantity of tokens that we require to buy in order to run the risk of just 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our danger reward and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have that set dollar amount alright so that means that in order to find the capital requirement or the amount of money that we need for this trade we need to take the amount of coins and multiply it by the entry price which is this level here fine 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 require to be able to enter into this position when we’re using 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 leverage that implies now I have ten thousand dollars to use all right because if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account that makes it impossible alright so let’s go over to buy bit here let’s say 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 enjoy what occurs when we open our utilize all right and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing fine so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is changing absolutely nothing about the threat profile on the trade all right if you plan on trading anyways utilize the referral Link in the description okay every week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars each week we’re choosing 3 winners a week all right we’re trying to offer the fees that we’re gathering from the affiliate program back into the community for you men trading with us connect is listed below you can check out our Discord where we announce the winners okay before we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would suggest utilizing when growing a small account all right so the first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 as much as 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there up until we scale our account up a little bit larger the 3rd thing and this is extremely crucial is everyone has a psychological threshold when it pertains to how much cash they’re comfortable running the risk of if I’m taking a look 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 mathematics says you’re going to begin feeling a little bit emotional about the trades and that’s something that you really wish to avoid until you come comfortable doing that all right so state you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that back down to fifty dollars per trade pick that fixed quantity when you want to protect your capital and just choose a goal per day on
the money that you want to make when you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five thousand dollars per week so I’m using 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 understand a couple years from now go up to a thousand shot to make three to five thousand per trade and attempt to double my income fine so let’s enter into 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 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 alright 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 recognize my wave count fine so if this is our start
very first pullback is 2 biggest waves as much as 3 pullback is 4 and then the high is five and the way we can look for the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and after that find my aspect of one and you can see the cost 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