With low exchange costs. Okx Binance Smart Chain … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When getting involved in staking or conserving functions, it also uses remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world 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 concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and cost 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing 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 big holding in the OKB currency might qualify for discount rates. Futures, swaps, and choices have their own rate schedules with varying fees.
One big disadvantage of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, covert cost information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal information before continuing. You likely won’t recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you don’t usually face with conventional banking platforms. The finest practices for keeping your financial accounts secure are similar. These consist of utilizing strong passwords special 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 freezer for many client properties. It likewise has deals extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange 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 selling our position which we want to take earnings at this level what we want to do is discover the difference in between these worths and that’s going to give us.057 then we’re going to take the dollar amount danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Binance Smart Chain
difference in between the entry and the stop alright and that’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars alright 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 danger 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 all right so that indicates that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to enter this position when we’re utilizing leverage the only thing it’s changing is just how much money we personally require to put 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 because if we just had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account which makes it impossible alright so let’s go over to purchase bit here let’s say we wish 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 enjoy what occurs when we open up our utilize alright and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re running the risk of 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 take advantage of capability is changing nothing about the risk profile on the trade fine if you intend on trading anyways use the referral Link in the description all right each week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars each week we’re selecting three winners a week fine we’re trying to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can check out 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 want to go over the rules that I would suggest using when growing a little account alright so the first guideline is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat alright 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 comfortable with the dollar amount and utilize that there until we scale our account up a bit bigger the third thing and this is very crucial is everybody has a mental limit when it concerns how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics says you’re going to start feeling a bit emotional about the trades and that’s something that you really want to avoid until you come comfortable doing that all right so say you work your method approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can stroll that pull back to fifty dollars per trade choice that fixed quantity once you wish to maintain your capital and simply select a goal per day on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make three that 3 to five thousand dollars per week 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 5 thousand per trade and attempt to double my earnings alright so let’s get into 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 absolutely 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 fine but what I wish to do is discover an area where I have actually a newly developed uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is two largest waves up to 3 pullback is 4 and then the high is 5 and the way we can look for the top of 5 is by utilizing 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 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 increase to the high of one if our price action boils down through