With low exchange charges. Does Okx Pro Have Trading Fees … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It also provides incredibly high yields sometimes when taking part in staking or conserving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
You can develop an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may get approved for discount rates. Futures, swaps, and alternatives have their own rate schedules with varying fees.
One huge disadvantage of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, hidden expense information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal information prior to continuing. If you mistakenly send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t generally face with traditional banking platforms. The finest practices for keeping your monetary accounts safe are comparable. These consist of utilizing strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many customer assets. It also has deals additional features 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 registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted to buy 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 offering our position which we want to take revenue 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 want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Does Okx Pro Have Trading Fees
difference between the entry and the stop fine which’s going to offer us the quantity of tokens that we need to purchase in order to risk only 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount alright so that suggests that in order to find the capital requirement or the quantity of cash that we require for this trade we have 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 increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of the only thing it’s changing is 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 means now I have ten thousand dollars to use all right due to the fact that if we just had a hundred dollar account okay 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 purchase bit here let’s state we want 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 takes place when we open up our leverage alright and you’re gon na get this warning that the liquidation is high fine 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 fine so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this take advantage of capability is changing nothing about the danger profile on the trade okay if you intend on trading anyways utilize the referral Link in the description all right every week we do a free gift where anybody trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars each week we’re selecting three winners a week fine we’re trying to give the charges that we’re collecting from the affiliate program back into the community for you people trading with us link is below you can check out our Discord where we reveal 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 rules that I would recommend using when growing a small account alright so the first rule is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat all right each time you double the account so when you go to 100 as much as 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there till we scale our account up a little bit bigger the 3rd thing and this is super crucial is everyone has a psychological threshold when it comes to how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly want to avoid until you come comfy doing that fine so say you work your method as much as 200 to 500 to a thousand fine and after that 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 repaired quantity when you wish to maintain your capital and just choose a goal each day on
the cash that you wish to make as soon as you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to 5 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 move up to a thousand shot to make three to 5 thousand per trade and try to double my income okay so let’s get into 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 show you among the setups that I had on xrp when I was really in Dubai okay but what I wish to do is find an area where I have a newly developed uptrend first thing that I wish to do is recognize my wave count okay so if this is our start
very first pullback is 2 largest waves approximately three pullback is 4 and then the high is 5 and the way 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 after that find my aspect of one and you can see the price 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 rate action comes down through