With low exchange fees. How Buy On Okx … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or saving features, it also offers remarkably 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 worldwide by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
If you’re in a location that works with OKX, you can create an account that gives you access to trade 343 area currencies.
likewise supports margin loaning, making cryptocurrency through staking and 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX review. There are 343 currencies on the exchange overall.
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 might qualify for discount rates.
One huge downside of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, covert expense information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal information prior to continuing. If you mistakenly send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not normally confront with traditional banking platforms. However, the very best practices for keeping your financial accounts protected are similar. These include using strong passwords unique 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 a lot of client assets. It likewise has deals extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy 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.
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 selling our position and that we want to take revenue at this level what we wish to do is discover the difference between these values and that’s going to provide us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the How Buy On Okx
difference in between the stop and the entry all right and that’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of just ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our risk reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar amount okay so that implies that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the amount of coins and increase it by the entry price which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter this position when we’re using take advantage of the only thing it’s changing is just 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 10 thousand dollars to utilize alright because if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account that makes it impossible okay so let’s visit buy bit here let’s say we want to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open up our take advantage of fine and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing nothing about the threat profile on the trade okay if you intend on trading anyways utilize the referral Link in the description okay every 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 selecting three winners a week alright we’re trying to provide the charges that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can take a look at our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to start taking these trades I want to go over the guidelines that I would suggest using when growing a small account okay so the first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat fine each time you double the account so when you go to 100 as much as 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there up until we scale our account up a little bit bigger the 3rd thing and this is very important is everybody has a mental threshold when it pertains 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 bit emotional about the trades and that’s something that you actually wish to prevent up until you come comfy doing that alright so say you work your way as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that back down to fifty dollars per trade choice that repaired quantity as soon as you wish to preserve your capital and just pick an objective each day on
the money that you wish to make once you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make three that three to five 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 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 attempt to double my earnings all right so let’s enter the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai fine but what I wish to do is find a location where I have a freshly developed uptrend first thing that I wish to do is recognize my wave count okay so if this is our start
first pullback is two largest waves approximately three pullback is 4 and then the high is five 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 discover 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 go up to the high of one if our cost action comes down through