With low exchange charges. Okx Chain Testnet Metamask … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving features, it also provides remarkably high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
If you remain in a location that works with OKX, you can create an account that gives you access to trade 343 spot currencies.
also supports margin loaning, making 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 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 insufficient room to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that differ based on trade volume and account holdings. For area 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 discounts. Swaps, futures, and options have their own rate schedules with varying costs.
One big drawback of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal details before continuing. If you mistakenly send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you do not usually face with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are similar. These include utilizing 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, including cold storage for most client properties. It also has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone 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.
wished to purchase 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 wish to take revenue at this level what we wish to do is discover the difference between these worths and that’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 10 dollars and we’re going to divide it by the Okx Chain Testnet Metamask
distinction in between the stop and the entry fine and that’s going to provide us the amount of tokens that we require to buy in order to risk just 10 dollars fine if we’re just 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 fine so that suggests that in order to discover the capital requirement or the amount of money that we need for this trade we need 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 offer us 587 dollars then we need to be able to get into this position when we’re utilizing utilize the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have 10 thousand dollars to use fine since if we only had a hundred dollar account all right this 587 is currently 5x the size of our money value of our account that makes it difficult alright so let’s go over to purchase bit here let’s say we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open up our take advantage of all right and you’re gon na get this caution 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 ideal thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this take advantage of capability is altering nothing about the danger profile on the trade alright if you plan on trading anyways use the referral Link in the description alright every week we do a free gift where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re selecting 3 winners a week fine we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to start taking these trades I want to review the rules that I would advise utilizing when growing a small account all right so the very first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger okay each time you double the account so when you go to 100 up to 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there until we scale our account up a little bit larger the third thing and this is incredibly essential is everybody has a psychological threshold when it comes 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 states you’re going to start feeling a bit psychological about the trades and that’s something that you really wish to prevent until you come comfortable doing that fine so state you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that pull back to fifty dollars per trade choice that repaired quantity as soon as you wish to protect your capital and simply pick an objective each day on
the money that you want 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 per week 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 move up to a thousand try to make three to five thousand per trade and attempt to double my earnings alright so let’s get into the bread and butter of the actual 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 actually in Dubai okay but what I want to do is discover a location where I have actually a freshly established uptrend first thing that I want to do is identify my wave count fine so if this is our start
very first pullback is 2 largest waves up to three pullback is four and after that the high is five and the way we can search for the top of five is by using 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 after that find my aspect of one and you can see the rate 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 price action comes down through