With low exchange costs. Okx Api Ticker … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It also provides incredibly high yields sometimes when taking part in staking or saving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
If you’re in an area that deals with OKX, you can produce an account that gives you access to trade 343 area 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. might 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 not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various rates tiers that differ based on 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 receive discount rates. Futures, swaps, and alternatives have their own rate schedules with differing charges.
One huge drawback of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, surprise expense details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. If you mistakenly send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t usually confront with conventional banking platforms. The finest practices for keeping your financial accounts secure are similar. These include utilizing strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of customer assets. It likewise has deals extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock market 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 which we wish to take earnings at this level what we want to do is discover the distinction in between these values which’s going to offer us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Api Ticker
difference between the entry and the stop all right and that’s going to offer us the quantity 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 danger reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount all right so that suggests that in order to discover the capital requirement or the quantity of money that we need for this trade we have to take the amount 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 enter 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 utilize a 100x utilize that means now I have ten thousand dollars to use fine due to the fact that if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account that makes it impossible fine so let’s go over to buy bit here let’s say we wish to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open up our leverage alright and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is altering absolutely nothing about the danger profile on the trade okay if you intend on trading anyways utilize the referral Link in the description alright every week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars each week we’re choosing 3 winners a week okay we’re trying to provide the charges that we’re collecting from the affiliate program back into the community for you people trading with us connect is below you can take a look at our Discord where we reveal the winners alright before we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would recommend using when growing a little 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 use that 10 dollar risk okay each time you double the account so when you go to 100 approximately 200 all right 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 use that there till we scale our account up a bit larger the third thing and this is incredibly important is everyone has a psychological limit when it pertains to just 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 3 trades in a row I don’t care who you are or what the math states you’re going to start feeling a little bit emotional about the trades and that’s something that you truly wish to avoid until you come comfortable doing that all right so say you work your way approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that back down to fifty dollars per trade choice that repaired quantity when you want to protect your capital and just pick an objective per day on
the money that you want to make as soon as you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 to five thousand dollars per week so I’m utilizing you understand 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 go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my income fine so let’s enter the bread and butter of the actual 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 show you one of the setups that I had on xrp when I was in fact in Dubai alright however what I want to do is find an area where I have actually a recently established uptrend first thing that I wish to do is determine my wave count all right so if this is our start
very first pullback is 2 largest waves approximately 3 pullback is 4 and after that the high is five and the method we can search for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and after that find 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 rate action comes down through