With low exchange fees. How Much Is The Okx Fee … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. It also uses incredibly high yields in many cases when taking part in staking or saving features.
was founded in 2017 and maintains 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 do not take users from the United States due to regulatory and compliance issues.
If you’re in an area that deals with OKX, you can produce an account that gives you access to trade 343 area currencies.
also supports margin loaning, earning 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 insufficient room to list 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 vary 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 might receive discounts. Choices, swaps, and futures have their own rate schedules with differing costs.
One big downside of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, concealed cost information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction information before proceeding. You likely will not recover any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you do not usually face with conventional banking platforms. However, the best practices for keeping your monetary accounts protected are comparable. These consist of utilizing strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for the majority of client possessions. It likewise has offers extra functions 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 have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 which we wish to take revenue at this level what we want to do is find the distinction between these worths which’s going to give us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the How Much Is The Okx Fee
difference between the stop and the entry fine and that’s going to provide us the quantity of tokens that we need to buy in order to risk only ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity okay so that implies that in order to find the capital requirement or the amount of cash that we require for this trade we have to take the amount of coins and increase it by the entry rate which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we need to be able to enter this position when we’re utilizing leverage the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have ten thousand dollars to utilize alright because if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account which makes it impossible alright so let’s visit purchase bit here let’s state we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open our utilize okay and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this utilize ability is changing nothing about the threat profile on the trade fine if you plan on trading anyways use the referral Link in the description okay weekly we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars weekly we’re choosing three winners a week all right we’re attempting to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is below you can have a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the guidelines that I would suggest utilizing when growing a little account all right so the first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk okay each time you double the account so when you go to 100 up to 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there up until we scale our account up a bit bigger the 3rd thing and this is incredibly essential is everyone has a psychological limit when it comes to how much money they’re comfortable risking if I’m taking a look 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 little bit emotional about the trades and that’s something that you really want to avoid until you come comfortable doing that okay so state you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that pull back to fifty dollars per trade pick that fixed amount when you wish to preserve your capital and simply choose a goal each day on
the cash that you want to make as soon as you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make three that three to five thousand dollars weekly 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 then I’ll increase it you understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my income okay so let’s enter the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai okay however what I wish to do is discover a location where I have a freshly developed uptrend first thing that I want to do is determine my wave count all right so if this is our beginning
very first pullback is 2 biggest waves approximately three pullback is four and then the high is 5 and the method we can search for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and after that find my element 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 comes down through