With low exchange costs. Gods Unchained Okx … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When taking part in staking or conserving features, it also provides exceptionally high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 total.
Currencies traded on by volume:
breaks currencies down into various prices tiers that vary 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 qualify for discount rates. Swaps, futures, and alternatives have their own rate schedules with varying costs.
One huge drawback of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, covert expense information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check transaction information before continuing. If you mistakenly send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security issues you do not typically face with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts secure are comparable. These include utilizing strong passwords distinct to every site and app along 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 customer possessions. It likewise has offers additional features like the ability 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. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 selling our position and that we want to take earnings at this level what we wish to do is discover the difference between these worths which’s going to give us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Gods Unchained Okx
distinction in between the entry and the stop okay and that’s going to give us the quantity of tokens that we need to purchase in order to risk only 10 dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our risk reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar amount alright so that implies that in order to discover 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 cost which is this level here alright 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 utilizing utilize 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 use a 100x take advantage of that means now I have ten thousand dollars to utilize okay due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account that makes it difficult okay so let’s visit buy bit here let’s say we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open our leverage all right 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 alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this take advantage of capability is changing nothing about the threat profile on the trade all right if you plan on trading anyways use the recommendation Link in the description fine each week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars weekly we’re choosing 3 winners a week alright we’re trying to give the fees that we’re collecting from the affiliate program back into the community for you people trading with us link is below you can take a look at 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 review the rules that I would advise using when growing a small account okay so the very first guideline is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that ten dollar danger fine each time you double the account so when you go to 100 up to 200 all right you want to move that approximately 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 third thing and this is extremely crucial is everyone has a mental 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 states you’re going to begin feeling a little bit psychological about the trades which’s something that you really wish to prevent till you come comfortable doing that all right so say you work your way up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can stroll that back down to fifty dollars per trade choice that fixed quantity once you wish to preserve your capital and simply pick an objective per day on
the cash that you wish to make when you get up to a comfy 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 weekly 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 three to five thousand per trade and attempt to double my income okay so let’s get 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 actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai okay but what I wish to do is discover an area where I have a newly developed uptrend first thing that I want to do is determine my wave count all right so if this is our start
very first pullback is 2 biggest waves as much as three pullback is 4 and then the high is five and the way we can try to find the top of five is by utilizing a Fibonacci projection 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 factor 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 increase to the high of one if our price action comes down through