With low exchange charges. Okx 1 … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. It likewise uses exceptionally high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with additional 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 do not take users from the United States due to regulative and compliance concerns.
If you’re in an area that deals with OKX, you can create an account that gives you access to trade 343 area currencies.
Supports margin loaning, making 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 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 space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 certify for discounts.
One huge downside of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, hidden expense information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information before continuing. You likely won’t recuperate any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not normally confront with conventional banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords distinct to every site and app along 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 properties. It also has deals 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. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 which we wish to take earnings at this level what we wish to do is discover the distinction in between these worths which’s going to give us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx 1
distinction in between the entry and the stop all right and that’s going to offer us the amount of tokens that we require to purchase in order to risk only 10 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 threat reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar quantity all right 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 quantity of coins and increase it by the entry cost which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have ten thousand dollars to utilize okay due to the fact that if we just had a hundred dollar account alright this 587 is already 5x the size of our money worth of our account that makes it difficult all right so let’s visit buy bit here let’s state 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 enjoy what occurs when we open up our take advantage of 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 ideal thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is altering absolutely nothing about the threat profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description okay weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars weekly we’re selecting three winners a week alright we’re attempting to give the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is listed below you can take a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to start taking these trades I wish to go over the rules that I would suggest utilizing when growing a small account alright so the first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk alright 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 comfy with the dollar quantity and use that there until we scale our account up a little bit larger the 3rd thing and this is incredibly crucial is everyone has a mental threshold when it pertains to how much money they’re comfortable running the risk of 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 mathematics states you’re going to begin feeling a little bit emotional about the trades and that’s something that you actually want to avoid up until you come comfortable doing that all right so state you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that pull back to fifty dollars per trade pick that fixed amount when you wish to protect your capital and just choose an objective each day on
the cash that you wish to make as soon as you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make three that three to five thousand dollars weekly so I’m using you learn 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 move up to a thousand try to make three to 5 thousand per trade and attempt to double my earnings fine 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 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 fine however what I wish to do is find an area where I have actually a freshly developed uptrend first thing that I wish to do is determine my wave count okay so if this is our start
first pullback is two largest waves as much as 3 pullback is four and then the high is 5 and the way we can try to find 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 then discover my factor 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