With low exchange charges. Jackpot Okx … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It likewise uses extremely high yields in some cases when taking part in staking or saving features.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance issues.
If you remain in a location that deals with OKX, you can create an account that gives you access to trade 343 spot currencies.
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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX review. There are 343 currencies on the exchange total.
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 certify for discount rates.
One huge drawback of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction information before continuing. You likely won’t recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you do not normally confront with traditional banking platforms. The best practices for keeping your monetary accounts safe are similar. These consist of utilizing strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for the majority of consumer assets. It also has offers additional features like the ability 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’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished 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 earnings at this level what we want to do is discover the distinction in between these worths and that’s going to provide us.057 then we’re going to take the dollar amount danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Jackpot Okx
distinction between the entry and the stop fine and that’s going to offer us the amount of tokens that we require to purchase in order to run the risk of just ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have 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 quantity of coins and multiply 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 which’s going to give us 587 dollars then we require to be able to get into this position when we’re using take advantage of 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 leverage that means now I have 10 thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our money worth of our account which makes it difficult okay so let’s visit purchase bit here let’s state 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 view what takes place when we open up our utilize okay and you’re gon na get this warning that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the ideal thing okay so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this leverage ability is changing nothing about the danger profile on the trade fine if you intend on trading anyways utilize the referral Link in the description alright each week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars per week we’re selecting three winners a week all right we’re trying to offer the fees that we’re gathering from the affiliate program back into the community for you men trading with us link is below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would recommend utilizing when growing a little account okay so the first rule is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 up to 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there till we scale our account up a little bit bigger the 3rd thing and this is incredibly crucial is everybody 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 sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit psychological about the trades and that’s something that you actually wish to prevent till you come comfortable doing that okay so say you work your method up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that back down to fifty dollars per trade pick that fixed amount once you want to preserve your capital and simply select an objective per day on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to 5 thousand dollars weekly so I’m utilizing you learn about 2.5 percent of my entire 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 move up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings alright so let’s enter the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai okay however what I wish to do is discover a location where I have a freshly established uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
first pullback is 2 biggest waves as much as three pullback is 4 and after that the high is five and the way we can search for the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover 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 price action comes down through