With low exchange charges. Okx 500 Bonus … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When participating in staking or saving functions, it also provides incredibly high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
If you’re in a location that deals with OKX, you can produce an account that offers you access to trade 343 spot currencies.
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. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
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 qualify for discount rates.
One big disadvantage of is that it doesn’t reveal fees for withdrawals and deposits. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details before proceeding. You likely will not recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you do not typically confront with traditional banking platforms. The best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of consumer properties. It also has offers extra 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 outside of the United States. You will find 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 significance that if we’re wrong and it continues moving down we’re selling our position and that we want to take profit at this level what we want to do is discover the distinction between these values which’s going to provide us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx 500 Bonus
difference in between the entry and the stop alright which’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of just 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount fine 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 cost which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we require to be able to get into this position when we’re using take advantage of 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 utilize that implies now I have 10 thousand dollars to utilize fine since if we only had a hundred dollar account fine this 587 is already 5x the size of our money value of our account which makes it impossible fine so let’s visit buy bit here let’s say we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what occurs when we open up our utilize fine and you’re gon na get this warning that the liquidation is high fine 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 all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is altering absolutely nothing about the danger profile on the trade fine if you intend on trading anyways use the referral Link in the description all right each week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars weekly we’re picking 3 winners a week fine we’re trying to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can have a look at 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 go over the guidelines that I would recommend utilizing when growing a small account all right so the very first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk okay each time you double the account so when you go to 100 up to 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a bit bigger the 3rd thing and this is very crucial is everybody has a mental limit when it comes to just how much money 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 little bit emotional about the trades which’s something that you truly wish to avoid till you come comfortable doing that alright so state you work your way as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can walk that back down to fifty dollars per trade choice that repaired amount when you wish to maintain your capital and simply select an objective each day on
the money that you want to make once you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that three to 5 thousand dollars each 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 after that I’ll increase it you understand a couple years from now go up to a thousand shot to make three to five thousand per trade and attempt to double my income all right so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai all right but what I want to do is discover an area where I have actually a freshly developed uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is two largest waves approximately 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 forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that find my aspect of one and you can see the cost 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