With low exchange charges. Okx Bitcoin Cash … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It also provides incredibly high yields in many cases when participating in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They do not 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.
likewise supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could 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 insufficient space 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 various prices tiers that differ based on trade volume and account holdings. 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 receive discount rates. Swaps, futures, and choices have their own rate schedules with varying costs.
One big drawback of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, surprise expense details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. You likely will not recuperate any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t typically confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are comparable. These consist of utilizing strong passwords unique to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for a lot of consumer possessions. 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 easy 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.
wanted to buy 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 profit at this level what we wish to do is discover the distinction in between these values and that’s going to give us.057 then we’re going to take the dollar amount threat we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Bitcoin Cash
distinction between the entry and the stop fine which’s going to offer us the quantity of tokens that we require to purchase in order to risk just 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar amount okay so that implies that in order to discover the capital requirement or the quantity of cash that we need for this trade we need 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 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re using 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 utilize a 100x utilize that implies now I have ten thousand dollars to utilize all right since if we only had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it difficult fine so let’s visit buy bit here let’s say 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 enjoy what takes place when we open our utilize all right and you’re gon na get this caution that the liquidation is high okay 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 ideal thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this take advantage of ability is changing nothing about the threat profile on the trade fine if you intend on trading anyways use the recommendation Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars each week we’re choosing 3 winners a week alright we’re trying to provide the fees that we’re collecting from the affiliate program back into the community for you men trading with us link is listed below you can take a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would recommend using when growing a small account alright so the very first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there until we scale our account up a little bit larger the third thing and this is incredibly important is everyone has a mental threshold when it comes to just how much cash 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 mathematics states you’re going to begin feeling a bit emotional about the trades which’s something that you truly want to prevent until you come comfortable doing that alright so say you work your way up to 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 walk that back down to fifty dollars per trade choice that fixed amount when you wish to maintain your capital and just pick a goal per day on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars weekly so I’m using you know about 2.5 percent of my entire 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 shot to make 3 to 5 thousand per trade and try to double my income okay so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely 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 okay but what I wish to do is find an area where I have a recently established uptrend first thing that I wish to do is recognize my wave count fine so if this is our beginning
very first pullback is 2 biggest waves up to three pullback is 4 and after that the high is five and the method we can look for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover my element 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 comes down through