With low exchange costs. How Much Fees Does Okx Charge … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It also provides extremely high yields in many cases when participating in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
You can create an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
also 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room 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 large holding in the OKB currency might certify for discount rates.
One huge disadvantage of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, hidden expense information are a warning 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 transaction information prior to proceeding. You likely won’t recuperate any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not typically confront with traditional banking platforms. However, the best practices for keeping your financial accounts safe and secure are similar. These include using strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most customer assets. It also has deals additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 which we want to take earnings at this level what we wish to do is discover the difference between these values which’s going to give us.057 then we’re going to take the dollar amount risk 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 How Much Fees Does Okx Charge
distinction between the stop and the entry alright which’s going to provide us the amount of tokens that we need to buy in order to risk just ten dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our threat benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have actually that set dollar quantity alright so that suggests that in order to discover the capital requirement or the quantity of money that we need for this trade we need to take the amount of coins and increase it by the entry price 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 offer us 587 dollars then we need to be able to get into this position when we’re utilizing utilize the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have ten thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account that makes it difficult all right so let’s go over to purchase bit here let’s state we wish 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 utilize alright 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 best thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is altering nothing about the threat profile on the trade fine if you plan on trading anyways utilize the referral Link in the description alright every week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars per week we’re picking 3 winners a week all right we’re trying to offer the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is listed below you can take a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I wish to go over the rules that I would advise using when growing a little account fine so the very first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 up to 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there until we scale our account up a bit bigger the third thing and this is very important is everyone has a mental limit when it concerns just how much money they’re comfortable running the risk of if I’m taking a look 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 says you’re going to start feeling a little bit psychological about the trades which’s something that you truly want to prevent until you come comfortable doing that all right so state you work your way as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that back down to fifty dollars per trade pick that repaired amount when you wish to maintain your capital and just choose a goal daily on
the money that you want to make once you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to five thousand dollars weekly 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 understand a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and try to double my income okay so let’s enter 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 actually in Dubai all right but what I want to do is find an area where I have a recently established uptrend first thing that I want to do is determine my wave count all right so if this is our start
first pullback is two largest waves as much as three pullback is four and after that the high is 5 and the way 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 value I’m gon na click on this link click back here and after that find my element 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 rate action comes down through