With low exchange costs. Okx Chain … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. It also provides incredibly high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
If you remain in an area that deals with OKX, you can develop an account that gives you access to trade 343 spot currencies.
likewise supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that vary based upon 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 may get approved for discounts. Swaps, futures, and alternatives have their own rate schedules with varying costs.
One huge drawback of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, hidden expense information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check transaction details before continuing. If you accidentally send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t typically confront with conventional banking platforms. The finest practices for keeping your monetary accounts secure are comparable. These include using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for a lot of customer possessions. It likewise has deals extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone 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 meaning that if we’re wrong and it continues moving down we’re selling our position and that we wish to take revenue at this level what we want to do is discover the difference between these values which’s going to offer us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Chain
distinction in between the entry and the stop fine and that’s going to give us the amount of tokens that we require to buy in order to risk just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar quantity fine so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and increase it by the entry cost 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 require to be able to enter this position when we’re using take advantage of the only thing it’s altering is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have 10 thousand dollars to utilize alright because if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account that makes it impossible okay so let’s go over to purchase bit here let’s state we want 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 watch what occurs when we open our leverage fine and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the ideal thing alright so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this utilize ability is altering absolutely nothing about the danger profile on the trade fine if you plan on trading anyways use the recommendation Link in the description okay each week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars per week we’re picking 3 winners a week okay we’re trying to provide the costs that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is below you can take a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to start taking these trades I want to discuss the guidelines that I would suggest using when growing a little account okay so the first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 up to 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there up until we scale our account up a little bit bigger the third thing and this is very important is everyone has a psychological threshold 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 3 trades in a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit emotional about the trades which’s something that you truly wish to prevent up until you come comfy doing that okay so state you work your method up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that fixed quantity when you want to protect your capital and simply pick an objective per day on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you understand I like to make 3 that 3 to 5 thousand dollars each week so I’m using you learn 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 shot to make three to five thousand per trade and try to double my income okay so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai fine but what I want to do is find an area where I have actually a freshly established uptrend first thing that I wish to do is recognize my wave count alright so if this is our start
first pullback is 2 largest waves up to three pullback is 4 and then the high is 5 and the way we can search 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 after that discover 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 comes down through