With low exchange costs. Okx 中国 … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. When getting involved in staking or conserving features, it also uses remarkably high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site claims 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 an area that deals with OKX, you can create an account that provides you access to trade 343 area currencies.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you use 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 insufficient space 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 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 get approved for discounts. Swaps, choices, and futures have their own rate schedules with varying costs.
One big downside of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check deal information before proceeding. You likely won’t recover any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally face with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts protected are comparable. These include utilizing 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, consisting of freezer for the majority of customer possessions. It also has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond 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 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 offering our position and that we wish 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 threat 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 Okx 中国
difference between the entry and the stop okay and that’s going to offer us the quantity of tokens that we need to buy in order to run the risk of just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have that set dollar amount okay so that implies that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and increase it by the entry price which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’s going to offer us 587 dollars then we require to be able to enter into this position when we’re using utilize the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to use okay since if we only had a hundred dollar account alright this 587 is already 5x the size of our money value of our account which makes it impossible fine so let’s go over to purchase bit here let’s state we wish 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 enjoy what takes place when we open our leverage alright and you’re gon na get this caution that the liquidation is high okay 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 alright so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this take advantage of capability is altering absolutely nothing about the threat profile on the trade fine if you plan on trading anyways utilize the referral Link in the description fine each week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars weekly we’re selecting three winners a week okay we’re trying to give the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can take a look at our Discord where we reveal the winners okay 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 recommend using when growing a small account all right so the first guideline is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat all right each time you double the account so when you go to 100 approximately 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there till we scale our account up a little bit larger the third thing and this is incredibly important is everybody has a mental limit when it pertains to just how much cash they’re comfortable risking 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 math states you’re going to begin feeling a bit psychological about the trades which’s something that you actually want to prevent till you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that pull back to fifty dollars per trade pick that fixed quantity when you wish to protect your capital and just pick a goal daily on
the money that you wish to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars weekly so I’m using you understand 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 three to five thousand per trade and attempt to double my earnings all right so let’s get into the support of the actual 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 show you among the setups that I had on xrp when I was in fact in Dubai fine however what I wish to do is find an area where I have actually a newly established uptrend first thing that I wish to do is recognize my wave count alright so if this is our beginning
very first pullback is two biggest waves up to three pullback is 4 and then the high is 5 and the method we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and after that discover my element of one and you can see the rate 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 boils down through