With low exchange fees. Haider Okx … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving functions, it also uses extremely high yields in some cases.
was founded in 2017 and keeps 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 declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
If you’re in a location that works with OKX, you can produce an account that provides you access to trade 343 spot currencies.
likewise 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 utilize in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX evaluation. 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 big holding in the OKB currency may qualify for discount rates.
One big downside of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, covert expense details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check deal information prior to continuing. If you mistakenly send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you don’t generally face with traditional banking platforms. The finest practices for keeping your monetary accounts safe are comparable. These include 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, including cold storage for a lot of client assets. It likewise has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
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 revenue at this level what we want to do is find the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Haider Okx
distinction between the stop and the entry fine and that’s going to offer us the quantity of tokens that we need to buy in order to run the risk of only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our danger benefit 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 indicates that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give 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 require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have ten thousand dollars to utilize fine since if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account that makes it impossible fine so let’s go over to buy bit here let’s say we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our utilize fine 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 ten dollars you are safe and you’re doing the right thing fine so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this leverage ability is changing nothing about the risk profile on the trade alright if you plan on trading anyways use the recommendation Link in the description all right weekly we do a free gift where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re choosing 3 winners a week alright we’re trying to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is below you can have a look at our Discord where we announce the winners alright before we hop into the trading system that you can utilize to begin taking these trades I want to go over the guidelines that I would suggest utilizing when growing a little account all right so the very first guideline is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk all right each time you double the account so when you go to 100 as much as 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there until we scale our account up a bit bigger the third thing and this is very crucial is everyone has a mental limit when it comes to just 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 bit psychological about the trades which’s something that you actually want to avoid until you come comfortable doing that alright so say you work your way approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can stroll that pull back to fifty dollars per trade choice that repaired amount as soon as you want to preserve your capital and just choose a goal per day on
the money that you want to make once you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that three to five thousand dollars each week so I’m utilizing you learn 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 try to make 3 to five thousand per trade and attempt to double my earnings okay so let’s get into the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai alright however what I wish to do is find a location where I have actually a freshly established uptrend first thing that I want to do is recognize my wave count all right so if this is our start
first pullback is 2 largest waves up to three pullback is four and after that the high is five and the method 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 value I’m gon na click here click back here and then discover my aspect 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 increase to the high of one if our price action comes down through