With low exchange costs. Is Okx A Safe Exchange … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. It likewise provides exceptionally high yields in many cases when taking part in staking or saving features.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest 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 remain in a location that works with OKX, you can develop an account that provides you access to trade 343 area currencies.
likewise supports margin borrowing, earning 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 primary place 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 area 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 discounts.
One huge drawback of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, covert cost information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal information before proceeding. You likely will not recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t typically confront with standard banking platforms. However, the best practices for keeping your monetary accounts safe and secure are comparable. These consist of using strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for a lot of client properties. It also has offers additional functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted to purchase 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 wish to take earnings at this level what we wish to do is find the distinction in between these values which’s going to give 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 Is Okx A Safe Exchange
difference in between the stop and the entry all right which’s going to provide us the amount of tokens that we need to purchase in order to risk only ten dollars all right 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 risk reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar quantity okay so that suggests that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and increase it by the entry cost 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 offer us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s changing is how much money 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 use all right due to the fact that if we only had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account that makes it impossible okay so let’s go over to buy bit here let’s state we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open our take advantage of all right and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing alright 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 utilize ability is changing absolutely nothing about the danger profile on the trade fine if you plan on trading anyways use the referral Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re selecting three winners a week all right we’re trying to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is below you can check out our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to start taking these trades I want to go over the rules that I would recommend using when growing a small account fine so the first guideline is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 okay 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 until we scale our account up a little bit larger the 3rd thing and this is very crucial is everybody has a mental limit when it comes to how much cash they’re comfortable risking 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 mathematics states you’re going to begin feeling a bit emotional about the trades and that’s something that you really wish to prevent up until you come comfortable doing that fine so say you work your method approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that back down to fifty dollars per trade choice that repaired quantity once you want to preserve your capital and just select an objective each day on
the cash that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make three that three to five thousand dollars weekly so I’m using you know 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 know a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my income all right so let’s enter 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 absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai alright but what I wish to do is discover an area where I have actually a freshly developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
first pullback is two biggest waves as much as 3 pullback is four and then the high is 5 and the way we can search for the top of five is by utilizing 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 then find my aspect 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 increase to the high of one if our cost action boils down through