With low exchange fees. Okx 口座開設方法 … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It also uses incredibly high yields in some cases when participating in staking or conserving functions.
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 in the world by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
You can develop an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might 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 room to list 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 large holding in the OKB currency might certify for discounts.
One big downside of is that it doesn’t reveal fees for withdrawals and deposits. While much of is transparent, hidden 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 constantly double-check deal details prior to proceeding. You likely won’t recover any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t normally face with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are comparable. These consist of utilizing strong passwords unique to every website 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 many consumer possessions. It likewise has deals additional features like the ability to establish 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’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover 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 want to do is discover the difference between these worths which’s going to offer us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx 口座開設方法
distinction between the entry and the stop all right which’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of just 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our danger reward and you’re going to definitely screw yourself so make certain that you’re not doing that you require to have that set dollar amount fine so that means that in order to discover the capital requirement or the amount of money 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 fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we require to be able to get into this position when we’re utilizing leverage the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that implies now I have 10 thousand dollars to use alright due to the fact that if we just had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account that makes it difficult fine so let’s visit buy bit here let’s say we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open up our utilize alright and you’re gon na get this warning 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 right thing all right 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 capability is changing nothing about the threat profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description fine weekly we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars weekly we’re choosing three winners a week fine we’re trying to provide the costs 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 alright before we hop into the trading system that you can utilize to start taking these trades I want to review the guidelines that I would advise using when growing a small account alright so the very first guideline is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 up to 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there until we scale our account up a bit larger the third thing and this is very crucial is everybody has a mental limit when it concerns how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit psychological about the trades which’s something that you really wish to prevent up until you come comfortable doing that fine so say you work your way approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that pull back to fifty dollars per trade choice that repaired quantity as soon as you wish to preserve your capital and just pick a goal per day 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 3 that three to 5 thousand dollars each week so I’m using you learn 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 move up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my income okay so let’s get into 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 definitely 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 all right however what I want to do is find an area where I have actually 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 3 pullback is four and after that the high is 5 and the method we can search for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and after that discover 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 go up to the high of one if our price action comes down through