With low exchange fees. Okx Asset Exchange Fees … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When participating in staking or saving functions, it also offers remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
If you remain in a location that works with OKX, you can create an account that provides you access to trade 343 area currencies.
Supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might 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 not enough room 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 big holding in the OKB currency may qualify for discount rates.
One big drawback of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, hidden expense information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information before continuing. You likely will not recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not normally face with standard banking platforms. The best practices for keeping your monetary accounts safe are comparable. These consist of using 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 client assets. It also has deals extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to purchase 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 selling our position and that we want to take revenue at this level what we want to do is discover the difference between these values and that’s going to give us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Asset Exchange Fees
distinction between the entry and the stop all right and that’s going to give us the quantity of tokens that we require to purchase in order to risk only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to dial in our risk benefit and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount okay so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the quantity of coins and increase it by the entry price which is this level here okay 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 utilizing leverage the only thing it’s altering is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that implies now I have ten thousand dollars to utilize okay since if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account that makes it impossible okay so let’s visit buy bit here let’s state we want to take this ape trade here fine 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 take advantage of alright and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing alright so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this utilize capability is altering nothing about the threat profile on the trade fine if you intend on trading anyways utilize the referral Link in the description okay every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars each week we’re picking 3 winners a week fine we’re trying to offer the charges that we’re collecting from the affiliate program back into the community for you men trading with us connect is listed below you can have a look at our Discord where we announce the winners okay before we hop into the trading system that you can use to start taking these trades I want to go over the rules that I would recommend using when growing a little account all right so the very first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat all right each time you double the account so when you go to 100 approximately 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there until we scale our account up a little bit bigger the third thing and this is incredibly essential is everyone has a mental threshold when it concerns just how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the mathematics states you’re going to begin feeling a bit psychological about the trades which’s something that you truly want to prevent until you come comfy doing that fine so state you work your way approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can stroll that pull back to fifty dollars per trade choice that fixed quantity once you want to maintain your capital and simply select a goal daily on
the cash that you wish to make when you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars each 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 move up to a thousand try to make 3 to 5 thousand per trade and try to double my income fine so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai all right but what I want to do is discover an area where I have a recently developed uptrend first thing that I wish to do is identify my wave count alright so if this is our beginning
first pullback is 2 largest waves up to 3 pullback is 4 and after that the high is 5 and the method we can search for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover my aspect of one and you can see the rate 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 boils down through