With low exchange charges. Okx Api Docs … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When getting involved in staking or conserving features, it likewise offers remarkably high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces all over 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 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you remain in an area that works with OKX, you can produce an account that provides you access to trade 343 area currencies.
also 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 use 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 insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area 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 discounts.
One big disadvantage of is that it does not reveal costs for withdrawals and deposits. While much of is transparent, surprise expense details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction details prior to continuing. You likely won’t recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not generally face with standard banking platforms. The best practices for keeping your financial accounts safe and secure are similar. These include utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of consumer possessions. It also has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished to buy 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 offering our position which we wish to take profit at this level what we want to do is discover the difference in between these values 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 ten dollars and we’re going to divide it by the Okx Api Docs
distinction between the stop and the entry alright and that’s going to offer us the amount of tokens that we need to buy in order to run the risk of only ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar amount all right so that means that in order to find the capital requirement or the amount of money that we require for this trade we have to take the quantity 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 increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to get into this position when we’re utilizing utilize the only thing it’s changing is just 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 suggests now I have 10 thousand dollars to utilize fine because if we just had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account which makes it difficult okay so let’s go over to purchase bit here let’s say we want to take this ape trade here okay 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 up our leverage fine and you’re gon na get this warning that the liquidation is high okay 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 best thing alright 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 altering nothing about the danger profile on the trade alright if you plan on trading anyways utilize the referral Link in the description all right weekly we do a free gift where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars per week we’re choosing 3 winners a week okay we’re attempting to give 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 before we hop into the trading system that you can utilize to begin taking these trades I wish to go over the rules that I would advise utilizing when growing a little account fine so the first guideline is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 approximately 200 fine you want 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 bit larger the 3rd thing and this is super important is everybody has a mental limit when it pertains to just how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to begin feeling a little bit emotional about the trades which’s something that you actually wish to prevent until you come comfortable doing that okay so state you work your way as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that pull back to fifty dollars per trade choice that fixed amount when you wish to preserve your capital and simply pick a goal per day 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 3 that 3 to five thousand dollars weekly so I’m using you understand 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 know a couple years from now move up to a thousand shot to make 3 to five thousand per trade and try to double my earnings alright so let’s enter the support of the real trading this is a system that I have actually been trading the markets 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 however what I want to do is find an area 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
first pullback is 2 biggest waves approximately 3 pullback is 4 and then the high is 5 and the method we can look for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and after that discover my factor 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 increase to the high of one if our price action comes down through