With low exchange fees. Okx Cloud Mining Invite Only … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When participating in staking or conserving functions, it likewise offers incredibly high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance issues.
If you’re in an area that deals with OKX, you can develop an account that gives you access to trade 343 spot currencies.
Supports margin borrowing, making cryptocurrency through staking and cost 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note 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 large holding in the OKB currency may certify for discounts.
One big downside of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details prior to continuing. If you unintentionally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security concerns you do not typically face with conventional banking platforms. The best practices for keeping your monetary accounts safe are similar. These consist of utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most consumer possessions. It also has offers extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. You will find 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 offering our position which we want to take revenue at this level what we wish to do is find the difference in between these values which’s going to give us.057 then we’re going to take the dollar quantity risk 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 Cloud Mining Invite Only
difference in between the entry and the stop alright and that’s going to give us the amount of tokens that we require to buy in order to run the risk of just 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar amount alright so that indicates that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s changing is 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 means now I have ten thousand dollars to utilize alright since if we only had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account which makes it impossible all right so let’s visit buy 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 enjoy what happens when we open our utilize fine 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 running the risk of that ten dollars you are safe and you’re doing the best thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account alright so this take advantage of ability is changing nothing about the danger profile on the trade fine if you intend on trading anyways utilize the referral Link in the description alright every week we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars each week we’re choosing 3 winners a week all right we’re attempting to provide the fees that we’re gathering from the affiliate program back into the community for you guys trading with us link is 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 want to review the rules that I would recommend utilizing when growing a small account fine so the very first rule is begin with the dollar quantity 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 approximately 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there till we scale our account up a little bit bigger the third thing and this is super important is everyone has a mental limit when it concerns just how much cash 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 psychological about the trades and that’s something that you truly want to avoid till you come comfortable doing that okay so state you work your method up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that pull back to fifty dollars per trade pick that repaired quantity as soon as you wish to maintain your capital and just choose an objective per day on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to five thousand dollars per week so I’m using you understand about 2.5 percent of my whole 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 go up to a thousand try to make 3 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 marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai fine however what I want to do is find an area where I have actually a recently established uptrend first thing that I wish to do is identify my wave count alright so if this is our start
very first pullback is two largest waves up to three pullback is 4 and after that the high is 5 and the way we can look for the top of 5 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 then find my element 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 price action comes down through