With low exchange fees. Okx App Download For Android … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When participating in staking or saving features, it likewise provides 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 biggest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
If you’re in an area that deals with OKX, you can create an account that offers you access to trade 343 area currencies.
Supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX review. There are 343 currencies on the exchange total.
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 certify for discounts.
One big disadvantage of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, covert cost details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal details prior to continuing. If you unintentionally send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you don’t usually face with standard banking platforms. However, the best practices for keeping your financial accounts safe are comparable. These consist of utilizing strong passwords special to every site 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 client properties. It likewise has deals 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 outside of 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 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 which we wish to take revenue 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 quantity danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx App Download For Android
distinction between the stop and the entry all right which’s going to give us the quantity of tokens that we need to buy in order to run the risk of just ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our danger reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity alright so that indicates that in order to find the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here fine 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 need to be able to enter this position when we’re using utilize the only thing it’s altering is just how much cash we personally need to put 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 utilize fine since if we only had a hundred dollar account all right this 587 is currently 5x the size of our money value of our account that makes it impossible okay so let’s go over to buy 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 watch what takes place when we open our take advantage of okay and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the ideal thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this leverage capability is altering absolutely nothing about the risk profile on the trade okay if you intend on trading anyways utilize the referral Link in the description fine each week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars per week we’re picking three winners a week okay we’re trying to provide the costs that we’re collecting from the affiliate program back into the community for you guys trading with us link is listed below you can take a look at our Discord where we announce the winners fine before we hop into the trading system that you can utilize to begin taking these trades I want to go over the rules that I would recommend using when growing a small account alright so the first rule is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat okay each time you double the account so when you go to 100 as much as 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there until we scale our account up a bit bigger the 3rd thing and this is extremely crucial is everyone has a mental limit when it comes to 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 mathematics states you’re going to start feeling a bit emotional about the trades which’s something that you truly want to avoid till you come comfortable doing that fine so say you work your way up to 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that pull back to fifty dollars per trade choice that repaired quantity when you want to maintain your capital and just choose a goal per day on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that three to 5 thousand dollars weekly so I’m using you understand about 2.5 percent of my entire 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 3 to five thousand per trade and attempt to double my income okay so let’s enter the support of the actual trading this is a system that I’ve been trading the marketplaces 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 in fact in Dubai alright but what I wish to do is discover an area where I have a recently established uptrend first thing that I want to do is recognize my wave count okay so if this is our beginning
very first pullback is two biggest waves up to 3 pullback is 4 and after that the high is 5 and the method we can look 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 on this link click back here and after that discover my element 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 comes down through