With low exchange costs. Okx Bonus Bash … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. When taking part in staking or conserving features, it also provides extremely high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can develop an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might 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 inadequate space to list them all in our OKX review. 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 may qualify for discounts.
One huge downside of is that it does not reveal costs for withdrawals and deposits. While much of is transparent, concealed cost details are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check deal information before proceeding. You likely won’t recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t generally confront with standard banking platforms. The finest practices for keeping your monetary accounts secure are similar. These include utilizing strong passwords special to every site and app together 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 properties. It also has deals additional features like the capability 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. You will discover 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 profit at this level what we want to do is discover the difference between these worths which’s going to provide us.057 then we’re going to take the dollar quantity threat we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Bonus Bash
difference between the entry and the stop alright which’s going to offer us the quantity of tokens that we need to buy in order to run the risk of just 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our risk reward and you’re going to definitely screw yourself so make certain that you’re not doing that you require to have that set dollar quantity fine so that implies that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the amount of coins and increase it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we require to be able to get into this position when we’re using take advantage of 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 utilize a 100x leverage that implies now I have 10 thousand dollars to use okay since if we just had a hundred dollar account fine 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 purchase bit here let’s say we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open our leverage all right and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account fine so this leverage ability is altering nothing about the danger profile on the trade alright if you plan on trading anyways use the referral Link in the description fine every week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re picking three winners a week okay we’re attempting to offer 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 reveal the winners okay prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would recommend utilizing when growing a small account alright so the first rule is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 up to 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there till we scale our account up a little bit larger the 3rd thing and this is incredibly important is everyone has a mental threshold when it pertains to just how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math says you’re going to begin feeling a bit psychological about the trades and that’s something that you actually want to prevent till you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that back down to fifty dollars per trade choice that repaired quantity once you want to maintain your capital and simply pick a goal each day on
the cash that you want to make as soon as you get up to a comfortable limit 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 learn 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 earnings fine so let’s enter the support of the actual trading this is a system that I have actually 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 really in Dubai all right but what I want to do is discover a location where I have actually a freshly established uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
first pullback is 2 biggest waves approximately 3 pullback is 4 and then the high is five and the method we can try to find the top of five 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 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