With low exchange charges. Hbar Okx … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It also provides extremely high yields sometimes when taking part in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet 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 issues.
You can create an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that differ 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 big holding in the OKB currency may get approved for discounts. Futures, swaps, and alternatives have their own rate schedules with varying costs.
One big drawback of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, concealed expense information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details before continuing. If you inadvertently send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you don’t generally face with standard banking platforms. The finest practices for keeping your monetary accounts safe are comparable. These consist of using strong passwords special 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 cold storage for many consumer properties. It also has deals 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. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wanted to purchase 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 selling our position and that we want to take profit at this level what we wish to do is discover the distinction between these values and that’s going to offer us.057 then we’re going to take the dollar quantity threat we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Hbar Okx
difference between the entry and the stop alright which’s going to provide us the amount of tokens that we require to purchase in order to run the risk of only 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar quantity okay so that implies that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have ten thousand dollars to use fine since if we only had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account that makes it impossible alright so let’s visit purchase 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 occurs when we open up our take advantage of fine and you’re gon na get this caution 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 ideal thing alright so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this utilize ability is altering nothing about the risk profile on the trade fine if you plan on trading anyways use the recommendation Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re picking three winners a week fine we’re trying to provide the costs that we’re gathering from the affiliate program back into the community for you men trading with us connect is listed below you can check out our Discord where we reveal the winners all right before we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would advise utilizing when growing a little account alright so the first guideline is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk okay each time you double the account so when you go to 100 up to 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there until we scale our account up a little bit larger the third thing and this is super crucial is everyone has a psychological threshold when it pertains to just how much cash they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math states you’re going to start feeling a little bit emotional about the trades which’s something that you actually want to prevent until you come comfortable doing that all right so state you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can stroll that pull back to fifty dollars per trade choice that repaired amount once you wish to preserve your capital and simply choose an objective each day on
the money that you wish to make when you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars each week so I’m using you learn about 2.5 percent of my whole 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 move up to a thousand try to make three to five thousand per trade and attempt to double my earnings fine 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 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 alright however what I want to do is find an area where I have actually a recently developed uptrend first thing that I want to do is recognize my wave count alright so if this is our start
very first pullback is 2 largest waves up to three pullback is four and after that the high is 5 and the way we can look for the top of five is by using 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 cost 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 boils down through