With low exchange charges. Okx Bit Token … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It likewise uses remarkably high yields in many cases when taking part in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in a location that works with OKX, you can develop 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 items, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main place 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 total.
Currencies traded on by volume:
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.
One big disadvantage of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, surprise cost information are a red flag that may 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 before continuing. If you inadvertently send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t normally face with conventional banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are similar. These include utilizing strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many client properties. It also has offers additional features 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 have actually 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 offering our position which we want to take earnings at this level what we wish to do is discover the distinction between these values which’s going to provide us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Bit Token
difference in between the stop and the entry okay which’s going to give us the quantity of tokens that we need to purchase in order to risk only 10 dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount okay so that implies 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 multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to enter into this position when we’re utilizing leverage the only thing it’s altering is how much cash 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 use fine since if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account which makes it difficult fine so let’s visit purchase bit here let’s say we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open up our leverage fine and you’re gon na get this warning that the liquidation is high fine 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 best thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is altering nothing about the risk profile on the trade okay if you intend on trading anyways utilize the referral Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars each week we’re picking 3 winners a week fine we’re trying to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is below you can check out our Discord where we announce the winners alright before we hop into the trading system that you can use to begin taking these trades I want to go over the guidelines that I would suggest utilizing when growing a little account alright so the very first guideline is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat fine each time you double the account so when you go to 100 up to 200 fine 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 amount and use that there till we scale our account up a bit bigger the 3rd thing and this is super essential is everybody has a mental threshold 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 math says you’re going to begin feeling a bit emotional about the trades which’s something that you really want to prevent up until you come comfy doing that fine so state you work your method 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 back down to fifty dollars per trade pick that repaired amount as soon as you wish to maintain your capital and simply select an objective daily on
the money that you wish to make when you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that 3 to five thousand dollars per week 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 go up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings alright so let’s enter into 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 alright but what I wish to do is find an area where I have actually a newly established uptrend first thing that I want to do is identify my wave count all right so if this is our beginning
very first pullback is 2 biggest waves as much as 3 pullback is 4 and then the high is five and the way 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 on this link click back here and then discover my factor of one and you can see the price 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