With low exchange costs. Okx Ceo Cryptodaily … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It also provides incredibly high yields sometimes when participating in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
You can create an account that offers you access to trade 343 spot currencies if you’re in a location 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. could work as an exchange you use 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 inadequate space to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discounts.
One big drawback of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, hidden cost details are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal information before continuing. If you unintentionally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you don’t normally confront with traditional banking platforms. However, the very best practices for keeping your monetary accounts secure are similar. These include utilizing strong passwords distinct 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 freezer for most consumer possessions. It also has offers additional features like the capability 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. 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 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 selling our position and that we wish to take earnings at this level what we wish to do is find the distinction in between these worths which’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 Ceo Cryptodaily
difference between the stop and the entry all right and that’s going to give us the amount of tokens that we need to buy in order to run the risk of just 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar amount alright so that suggests 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 price which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we require to be able to enter into this position when we’re utilizing leverage the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have 10 thousand dollars to use okay because if we only had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account that makes it impossible okay so let’s go over to buy bit here let’s say 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 takes place when we open up our utilize all right and you’re gon na get this caution that the liquidation is high all right 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 best thing all right so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this take advantage of capability is altering nothing about the danger profile on the trade all right if you intend on trading anyways use the referral Link in the description alright weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars per week we’re picking 3 winners a week okay we’re attempting to provide the charges that we’re gathering 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 okay prior to we hop into the trading system that you can use to begin taking these trades I wish to review the rules that I would advise using when growing a small account okay so the first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk alright each time you double the account so when you go to 100 approximately 200 alright 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 utilize that there till we scale our account up a little bit larger the third thing and this is very important is everybody has a mental threshold when it concerns just how much money 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 math says you’re going to begin feeling a bit emotional about the trades which’s something that you truly want to avoid up until you come comfy doing that all right so say you work your method 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 too much for you all right you can walk that pull back to fifty dollars per trade choice that fixed quantity as soon as you want to preserve your capital and simply select an objective daily on
the money that you wish to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to five thousand dollars weekly 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 move up to a thousand shot to make three to five thousand per trade and attempt to double my earnings fine so let’s enter the support of the real trading this is a system that I have actually 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 really in Dubai fine however what I wish to do is find a location where I have actually a newly established uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
very first pullback is 2 biggest waves approximately three pullback is four and then the high is five and the way we can search for the top of five is by using 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 after that 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 comes down through