With low exchange fees. Okx 詐騙 … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or saving functions, it also provides exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you’re in a location that works with OKX, you can create an account that provides you access to trade 343 area currencies.
likewise supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ based on trade volume and account holdings. 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 qualify for discounts. Options, futures, and swaps have their own rate schedules with varying costs.
One big disadvantage of is that it does not disclose costs for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely will not recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not generally confront with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe and secure are similar. These consist of utilizing strong passwords unique 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 a lot of customer possessions. It likewise has offers extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you have actually 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 and that we want to take earnings at this level what we wish to do is find the distinction between these worths which’s going to provide us.057 then we’re going to take the dollar quantity threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx 詐騙
distinction between the stop and the entry okay which’s going to provide us the amount of tokens that we need to buy in order to run the risk of only ten dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar amount all right so that implies that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and multiply it by the entry cost which is this level here all right 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 require to be able to get into this position when we’re using leverage 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 use a 100x utilize that suggests now I have 10 thousand dollars to use alright due to the fact that if we just had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account which makes it impossible fine so let’s go over to purchase bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open our take advantage of okay 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 running the risk of that 10 dollars you are safe and you’re doing the ideal thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is changing absolutely nothing about the danger profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description alright weekly we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re selecting 3 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 men trading with us connect is listed below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to start taking these trades I wish to review the rules that I would advise utilizing when growing a small account alright so the first guideline is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk all right each time you double the account so when you go to 100 up to 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there up until we scale our account up a little bit larger the third thing and this is super essential is everybody has a mental limit when it pertains to how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math says you’re going to start feeling a bit psychological about the trades which’s something that you really wish to avoid until you come comfy doing that all right 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 all right you can walk that back down to fifty dollars per trade choice that repaired amount once you wish to protect your capital and simply choose an objective per day on
the cash that you want to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make three that three to 5 thousand dollars per week so I’m utilizing you know about 2.5 percent of my whole 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 go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings all right so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually 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 okay however what I wish to do is find a location where I have a newly established uptrend first thing that I want to do is determine my wave count okay so if this is our start
very first pullback is 2 largest waves up to 3 pullback is 4 and then the high is five and the method we can try to find the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and then 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 cost action boils down through