With low exchange fees. Okx Card Cashback … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When participating in staking or conserving functions, it also uses extremely high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares 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 an area that deals with OKX, you can produce an account that provides you access to trade 343 spot currencies.
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 note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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 large holding in the OKB currency might get approved for discount rates. Futures, swaps, and options have their own rate schedules with varying costs.
One huge disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, covert cost information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details before proceeding. You likely will not recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not usually face with standard banking platforms. The best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for most client properties. It likewise has offers extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wished 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 want to take revenue at this level what we want to do is find the distinction between these worths and that’s going to provide 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 10 dollars and we’re going to divide it by the Okx Card Cashback
difference between the entry and the stop okay and that’s going to offer us the amount of tokens that we need to purchase in order to risk only ten dollars all right if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our risk reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have actually that set dollar amount alright so that suggests that in order to discover the capital requirement or the quantity of cash that we require for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here alright 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 enter into this position when we’re using utilize the only thing it’s changing is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have ten thousand dollars to utilize okay due to the fact that if we just had a hundred dollar account okay this 587 is already 5x the size of our money value of our account which makes it impossible fine so let’s visit buy bit here let’s state we wish to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our take advantage of fine and you’re gon na get this caution that the liquidation is high fine 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 right thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this utilize 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 each week we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars each week we’re picking three winners a week all right we’re attempting to give the fees that we’re collecting from the affiliate program back into the community for you guys trading with us connect is 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 begin taking these trades I wish to review the rules that I would suggest using when growing a little account fine so the first guideline is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk fine each time you double the account so when you go to 100 as much as 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there till we scale our account up a bit larger the third thing and this is super crucial is everyone has a psychological limit when it comes to how much money they’re comfortable risking if I’m taking a look 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 psychological about the trades and that’s something that you actually wish to avoid until you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can stroll that back down to fifty dollars per trade choice that repaired amount as soon as you wish to protect your capital and simply select a goal per day on
the cash that you want to make as soon as 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 three to 5 thousand dollars weekly so I’m using 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 understand a couple years from now go up to a thousand try to make three to 5 thousand per trade and try to double my earnings okay so let’s get into the support of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely 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 freshly developed uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is 2 largest waves approximately three pullback is four and then 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 worth I’m gon na click on this link click back here and then find my aspect 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 increase to the high of one if our cost action boils down through