With low exchange costs. Okx Alpha … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It also offers incredibly high yields in some cases when taking part in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 regulatory and compliance concerns.
You can develop an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could 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 room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that differ based upon trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discount rates. Choices, swaps, and futures have their own rate schedules with varying costs.
One big drawback of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, covert expense information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal details prior to continuing. You likely will not recuperate any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you don’t normally face with conventional banking platforms. Nevertheless, the best practices for keeping your financial accounts secure are comparable. These include using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most consumer properties. It also has deals extra features like the capability 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 registered 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 significance that if we’re wrong and it continues moving down we’re selling our position and that we wish to take profit at this level what we want to do is find the difference 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 ten dollars and we’re going to divide it by the Okx Alpha
difference between the stop and the entry all right which’s going to provide us the quantity of tokens that we need to purchase in order to risk only ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our threat benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have that set dollar quantity all right so that means that in order to discover the capital requirement or the quantity of money that we require 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 increased by 3.35 and that’s going to give us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s changing is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have ten thousand dollars to use all right due to the fact that if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account that makes it impossible okay 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 leverage alright and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing alright so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this take advantage of ability is changing absolutely nothing about the threat profile on the trade alright if you intend on trading anyways utilize the referral Link in the description okay every week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars per week we’re selecting three winners a week okay we’re attempting to provide the costs that we’re collecting from the affiliate program back into the community for you men trading with us link is listed below you can have a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would advise using when growing a little account all right so the first guideline is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat all right each time you double the account so when you go to 100 as much as 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there until we scale our account up a bit bigger the third thing and this is very essential is everyone has a psychological limit when it concerns how much cash 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 says you’re going to begin feeling a bit psychological about the trades and that’s something that you really want to avoid till you come comfy doing that okay so say you work your method up to 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can walk that pull back to fifty dollars per trade pick that fixed amount when you want to protect your capital and simply pick a goal daily on
the cash that you wish to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to five thousand dollars each week so I’m using you know about 2.5 percent of my entire 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 try to make three to 5 thousand per trade and try to double my income okay so let’s enter the support of the real 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 in fact in Dubai all right but what I want to do is find a location where I have actually a freshly established uptrend first thing that I wish to do is determine my wave count alright so if this is our beginning
very first pullback is 2 largest waves approximately 3 pullback is four and after that the high is five 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 here 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 price action comes down through