With low exchange fees. Okx Bots … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It likewise provides extremely high yields in many cases when participating in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims 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 deals with OKX, you can develop an account that offers you access to trade 343 spot currencies.
likewise supports margin loaning, making 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing 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 might receive discounts. Futures, swaps, and choices have their own rate schedules with varying fees.
One big downside of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. If you mistakenly send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t normally face with traditional banking platforms. The finest practices for keeping your monetary accounts safe are comparable. These include using strong passwords distinct 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 many consumer possessions. It also has offers extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 and that we want to take earnings at this level what we want to do is find the distinction in between these values which’s going to give us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Bots
difference in between the entry and the stop alright which’s going to provide us the amount of tokens that we require to buy in order to risk 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 threat reward and you’re going to definitely screw yourself so make certain that you’re not doing that you require to have actually that set dollar amount alright so that indicates that in order to discover the capital requirement or the amount of money that we need for this trade we have to take the quantity of coins and multiply it by the entry rate 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 need to be able to enter this position when we’re using utilize 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 indicates now I have ten thousand dollars to utilize fine because if we only had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account which makes it impossible fine so let’s visit 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 see what takes place when we open our take advantage of all right and you’re gon na get this warning that the liquidation is high all right 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 ideal thing fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this leverage ability is changing nothing about the risk profile on the trade okay if you plan on trading anyways use the referral Link in the description all right weekly we do a free gift where anyone trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars per week we’re picking three winners a week alright we’re attempting to offer the charges that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can check out our Discord where we announce the winners fine before we hop into the trading system that you can utilize to start taking these trades I wish to go over the rules that I would suggest using when growing a little account okay so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that 10 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 as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there until we scale our account up a little bit bigger the 3rd thing and this is super essential is everyone has a mental threshold when it pertains to how much money they’re comfortable running the risk of 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 math says you’re going to start feeling a bit psychological about the trades and that’s something that you actually want to avoid until you come comfortable doing that all right so say you work your way as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that back down to fifty dollars per trade choice that fixed quantity when you wish to maintain your capital and simply pick an objective per day on
the money that you wish to make once you get up to a comfy 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 weekly 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 know a couple years from now go up to a thousand shot to make three to five thousand per trade and attempt to double my earnings fine so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the markets 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 actually in Dubai alright but what I wish to do is find an area where I have a freshly established uptrend first thing that I wish to do is identify my wave count okay so if this is our start
very first pullback is two largest waves up to three pullback is 4 and after that the high is five 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 on this link click back here and then find my factor 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