With low exchange charges. Mina Protocol Okx … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving features, it likewise uses extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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.
You can produce an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 primary place 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 overall.
Currencies traded on by volume:
breaks currencies down into different prices tiers that differ based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may receive discount rates. Swaps, choices, and futures have their own rate schedules with varying fees.
One big disadvantage of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details before proceeding. If you unintentionally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you don’t typically face with standard banking platforms. The best practices for keeping your financial accounts safe are similar. These consist of using strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most customer assets. It likewise has offers additional functions like the ability to establish 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 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we wish to take earnings at this level what we wish to do is discover the difference in between these worths and that’s going to offer us.057 then we’re going to take the dollar amount danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Mina Protocol Okx
distinction in between the stop and the entry alright which’s going to provide us the quantity of tokens that we need to buy in order to risk just ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar amount okay so that means that in order to discover the capital requirement or the amount of money that we need for this trade we need 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 using take advantage of the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have ten thousand dollars to use okay because if we just had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account that makes it difficult okay so let’s go over to buy 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 watch what takes place when we open up our utilize fine and you’re gon na get this caution that the liquidation is high okay 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 right thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account all right so this leverage capability is changing absolutely nothing about the danger profile on the trade all right if you intend on trading anyways use the recommendation Link in the description fine every week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars per week we’re picking three winners a week all right we’re trying to give the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is below you can take a look at our Discord where we announce the winners alright before 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 using when growing a little account all right so the very first guideline is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat alright each time you double the account so when you go to 100 as much as 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there till we scale our account up a little bit larger the third thing and this is incredibly crucial is everyone has a psychological threshold when it pertains to 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 sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit emotional about the trades which’s something that you actually want to avoid up until you come comfortable doing that fine so state you work your method as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can walk that back down to fifty dollars per trade choice that repaired quantity once you wish to protect your capital and simply pick a goal each day on
the cash that you want to make as soon as you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you understand I like to make 3 that 3 to five thousand dollars per week so I’m utilizing you know 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 know a couple years from now move up to a thousand shot to make three to five thousand per trade and attempt to double my earnings okay so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai okay however what I wish to do is find an area where I have a recently developed uptrend first thing that I want to do is recognize my wave count fine so if this is our start
first pullback is 2 biggest waves up to three pullback is four and then the high is 5 and the way we can try to find the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here 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 price action boils down through