With low exchange fees. Okx Bonus Deposit … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When taking part in staking or saving features, it likewise uses extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
If you’re in a location that works with OKX, you can develop an account that gives you access to trade 343 spot currencies.
also supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 main 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 evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various prices tiers that vary 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 may get approved for discounts. Futures, swaps, and choices have their own rate schedules with varying charges.
One big disadvantage of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction information before proceeding. If you accidentally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security issues you do not typically confront with conventional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts secure are comparable. These consist of using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many consumer properties. It likewise has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond 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.
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 find the difference in between these values and that’s going to give us.057 then we’re going to take the dollar quantity 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 Bonus Deposit
difference between the stop and the entry alright which’s going to offer us the quantity of tokens that we require to buy in order to run the risk of only ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar quantity all right so that means that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and increase it by the entry cost 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 get into this position when we’re utilizing take advantage of the only thing it’s altering is just 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 indicates now I have ten thousand dollars to use alright due to the fact that if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account which makes it difficult fine so let’s go over to 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 enjoy what takes place when we open our utilize okay and you’re gon na get this caution that the liquidation is high okay as long as you’re measuring 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 all right so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this take advantage of capability is altering absolutely nothing about the danger profile on the trade all right if you plan on trading anyways use the recommendation Link in the description all right every week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars each week we’re choosing 3 winners a week okay we’re attempting to give the charges that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can have a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can utilize to start taking these trades I want to go over the guidelines that I would suggest using when growing a small account okay so the very first guideline is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat alright each time you double the account so when you go to 100 up to 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there till we scale our account up a bit bigger the 3rd thing and this is incredibly essential is everybody has a mental limit when it comes to just how much cash they’re comfortable risking 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 mathematics states you’re going to begin feeling a bit psychological about the trades and that’s something that you truly wish to prevent up until you come comfortable doing that alright so state you work your way up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that back down to fifty dollars per trade choice that repaired quantity as soon as you wish to protect your capital and just pick a goal daily on
the cash that you wish to make as soon as you get up to a comfortable 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 each week so I’m utilizing you know 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 know a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and try to double my income all right 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 definitely 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 however what I wish to do is find a location where I have actually a recently established uptrend first thing that I want to do is recognize my wave count all right so if this is our beginning
first pullback is 2 largest waves up to three pullback is four and after that the high is five and the method we can search for the top of 5 is by using 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 then find 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 rate action boils down through