With low exchange charges. Does Okx Charge Fees To Buy … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It also provides incredibly high yields sometimes when participating in staking or conserving features.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
If you’re in an area that deals with OKX, you can create an account that offers you access to trade 343 spot currencies.
Supports margin loaning, making cryptocurrency through staking and 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based upon trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might qualify for discounts. Swaps, options, and futures have their own rate schedules with varying charges.
One big disadvantage of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, concealed expense information 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 details prior to proceeding. You likely won’t recover any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you do not typically confront with traditional banking platforms. The finest practices for keeping your financial accounts protected are comparable. These consist of utilizing strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most client properties. It likewise has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 offering our position which we want to take profit at this level what we want 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 want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Does Okx Charge Fees To Buy
difference between the entry and the stop okay and that’s going to give us the quantity of tokens that we require to buy in order to run the risk of just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our threat reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have that set dollar quantity alright so that indicates that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the amount of coins and increase 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 and that’s going to provide us 587 dollars then we need to be able to enter into this position when we’re using leverage the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have 10 thousand dollars to utilize fine because if we just had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account which makes it difficult alright so let’s visit buy bit here let’s say we wish 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 view what occurs when we open up our leverage alright and you’re gon na get this warning that the liquidation is high all right 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 need to utilize for this position is twelve dollars which is 12 of our entire account fine so this leverage ability is changing absolutely nothing about the danger profile on the trade okay if you plan on trading anyways utilize the recommendation Link in the description all right every week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars per week we’re selecting 3 winners a week fine we’re trying to offer the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is below you can take a look at our Discord where we announce the winners okay before we hop into the trading system that you can use to begin taking these trades I wish to go over the guidelines that I would advise utilizing when growing a little account alright 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 ten dollar risk alright each time you double the account so when you go to 100 approximately 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there until we scale our account up a bit bigger the 3rd thing and this is super crucial is everyone has a psychological limit when it comes to just how much cash they’re comfortable running the risk of if I’m looking 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 bit emotional about the trades and that’s something that you truly want to prevent up until you come comfy doing that okay so say you work your way approximately 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 alright you can stroll that back down to fifty dollars per trade pick that fixed amount as soon as you wish to protect your capital and simply select an objective each day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make three that three to 5 thousand dollars per week so I’m utilizing you know about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you understand a couple years from now go up to a thousand try to make three to five thousand per trade and try to double my earnings fine so let’s enter the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai okay but what I want to do is discover an area where I have a newly developed uptrend first thing that I want to do is identify my wave count alright so if this is our start
first pullback is two biggest waves up to three pullback is 4 and after that the high is 5 and the way we can search for the top of 5 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 then find 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 go up to the high of one if our price action boils down through