With low exchange costs. Okx Chain Explorer … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When taking part in staking or saving features, it also uses extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
If you’re in an area that works with OKX, you can produce an account that gives you access to trade 343 spot currencies.
Supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 insufficient room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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 might qualify for discounts.
One huge downside of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, hidden cost details are a warning 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 transaction information before continuing. If you inadvertently send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not typically confront with traditional banking platforms. The best practices for keeping your monetary accounts secure are comparable. These include utilizing strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of customer 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’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wanted 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 offering our position and that we want to take earnings at this level what we want to do is find the difference in between these worths which’s going to provide us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Chain Explorer
distinction in between the entry and the stop alright which’s going to give us the quantity of tokens that we need to buy in order to run the risk of just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have actually that set dollar quantity all right so that implies that in order to discover the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and multiply it by the entry rate 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 provide us 587 dollars then we require to be able to enter this position when we’re utilizing leverage the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have 10 thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our money worth of our account which makes it impossible all right so let’s go over to buy bit here let’s say we want 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 view what occurs when we open our utilize alright 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 risking that 10 dollars you are safe and you’re doing the best thing alright so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage capability is changing nothing about the danger profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description all right weekly we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars weekly we’re choosing three winners a week all right we’re trying to give the costs that we’re gathering from the affiliate program back into the community for you men trading with us connect is below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to start taking these trades I wish to discuss the guidelines that I would recommend using when growing a small account okay so the very first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that ten dollar threat okay each time you double the account so when you go to 100 up to 200 fine you wish 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 use that there up until we scale our account up a bit bigger the third thing and this is extremely essential is everyone has a psychological threshold when it pertains to just how much money they’re comfortable running the risk of 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 states you’re going to begin feeling a little bit emotional about the trades which’s something that you truly want to prevent up until you come comfortable doing that okay so say you work your way approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that pull back to fifty dollars per trade choice that fixed amount as soon as you want to protect your capital and simply select a goal per day on
the money 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 3 that three to five thousand dollars weekly so I’m using you know 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 move up to a thousand try to make 3 to five thousand per trade and try to double my earnings alright so let’s enter into 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 absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai alright but what I want to do is discover a location where I have a recently established uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
first pullback is 2 biggest waves up to three pullback is four and then the high is five and the way we can try to find the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and after that discover my aspect 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 go up to the high of one if our cost action comes down through