With low exchange fees. Ethereum Max Okx … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. When getting involved in staking or saving features, it also provides extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
You can create an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin loaning, making cryptocurrency through staking and 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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.
One big disadvantage of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, hidden cost details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. You likely will not recuperate any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not typically face with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts secure are comparable. These include using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for the majority of customer possessions. It also has offers additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody 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 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 which we want to take earnings at this level what we want to do is find the distinction in 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 Ethereum Max Okx
distinction in between the stop and the entry okay which’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of just 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar amount okay so that indicates that in order to discover the capital requirement or the quantity of cash that we require for this trade we have to take the quantity of coins and multiply 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 and that’s going to offer us 587 dollars then we need to be able to enter into this position when we’re using leverage the only thing it’s changing is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that means now I have 10 thousand dollars to utilize all right because if we only had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account that makes it impossible alright so let’s visit buy bit here let’s state we want 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 takes place when we open our utilize alright and you’re gon na get this caution that the liquidation is high okay 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 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 okay so this utilize capability is changing nothing about the risk profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars each week we’re picking 3 winners a week fine we’re attempting to give 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 prior to we hop into the trading system that you can utilize to start 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 amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger all right each time you double the account so when you go to 100 up to 200 okay you want to move that up to 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 bit bigger the third thing and this is very crucial is everybody has a mental limit when it concerns just how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell 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 actually want to prevent until you come comfortable doing that okay so state you work your way as much as 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that pull back to fifty dollars per trade pick that repaired amount once you wish to preserve your capital and just pick an objective each day on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to 5 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 after that I’ll increase it you know a couple years from now move up to a thousand try to make 3 to five thousand per trade and try to double my income alright so let’s get into the bread and butter of the actual trading this is a system that I have actually been trading the markets 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 actually in Dubai okay however what I want to do is discover a location where I have actually a recently established uptrend first thing that I wish to do is recognize my wave count fine 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 method we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and then 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 cost action comes down through