With low exchange charges. Okx биржа обзор … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. When participating in staking or saving features, it also offers exceptionally high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
If you remain in a location that deals with OKX, you can produce an account that provides you access to trade 343 spot currencies.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming 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 inadequate room to list them all in our OKX evaluation. 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 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. Futures, swaps, and choices have their own rate schedules with varying costs.
One huge downside of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, hidden cost details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction information before continuing. If you inadvertently send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you don’t normally face with traditional banking platforms. The finest practices for keeping your financial accounts safe are comparable. These consist of using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for a lot of client assets. 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. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 selling our position and that we want to take earnings at this level what we want to do is discover the difference in between these worths and that’s going to give 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 ten dollars and we’re going to divide it by the Okx биржа обзор
distinction between the entry and the stop alright and that’s going to give us the amount of tokens that we need to purchase in order to run the risk of only 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar quantity fine so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and increase it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter into this position when we’re utilizing take advantage of the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have ten thousand dollars to utilize all right due to the fact that if we only had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account that makes it impossible alright so let’s go over to buy bit here let’s say we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open our utilize okay and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is altering absolutely nothing about the threat profile on the trade all right if you intend on trading anyways utilize the recommendation Link in the description okay every week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars per week we’re choosing three winners a week alright we’re attempting to give the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can have a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to begin taking these trades I want to review the rules that I would advise using when growing a little account alright so the first guideline is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat all right each time you double the account so when you go to 100 approximately 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a bit bigger the third thing and this is incredibly important is everyone has a psychological threshold 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 bit emotional about the trades which’s something that you truly want to avoid until you come comfy doing that alright so say you work your way approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that back down to fifty dollars per trade pick that fixed amount once you want to maintain your capital and simply choose a goal daily on
the money that you want to make as soon as you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make three that 3 to 5 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 understand a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings alright so let’s get into 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 reveal you among the setups that I had on xrp when I was actually in Dubai all right 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 recognize my wave count all right so if this is our beginning
very first pullback is two biggest waves as much as 3 pullback is 4 and then the high is five and the way we can look for the top of five is by utilizing 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 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 increase to the high of one if our rate action comes down through