With low exchange fees. Okx Advert … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it likewise offers exceptionally high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the globe. 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 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can produce an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main 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 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 qualify for discounts.
One big disadvantage of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, surprise expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check transaction details before proceeding. If you accidentally send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you don’t typically confront with conventional banking platforms. The best practices for keeping your financial accounts protected are similar. These consist of utilizing strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of consumer 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 anyone beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 offering our position and that we want to take earnings at this level what we want to do is find the difference between these worths and that’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 Advert
difference between the entry and the stop all right and that’s going to offer us the quantity of tokens that we need to buy in order to risk just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar quantity all right so that suggests that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and multiply 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 which’s going to provide us 587 dollars then we require to be able to enter into this position when we’re utilizing take advantage of the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to use fine due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account that makes it difficult fine so let’s visit buy bit here let’s state we want 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 see what occurs when we open our take advantage of okay and you’re gon na get this caution that the liquidation is high fine 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 right thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is changing absolutely nothing about the threat profile on the trade all right if you intend on trading anyways use the referral Link in the description all right every week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars weekly we’re selecting 3 winners a week all right we’re attempting to offer the costs that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is below you can have 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 discuss the rules that I would advise utilizing when growing a small account fine so the first rule is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat okay 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 limit get comfy with the dollar amount and utilize that there up until we scale our account up a little bit bigger the third thing and this is very essential is everybody has a psychological limit when it pertains to how much cash they’re comfortable risking 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 says you’re going to begin feeling a bit emotional about the trades and that’s something that you really want to avoid up until you come comfy doing that all right so state you work your way up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can walk that back down to fifty dollars per trade choice that fixed amount once 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 comfortable limit where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to five thousand dollars each week so I’m utilizing 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 understand a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings alright so let’s get into the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai alright however what I want to do is discover an area where I have actually a recently developed uptrend first thing that I want to do is determine my wave count okay so if this is our start
first pullback is 2 biggest waves up to three pullback is 4 and after that the high is five and the method we can try to find the top of 5 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 then find 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 comes down through