With low exchange charges. Okx Coin Contract Address … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When getting involved in staking or saving functions, it likewise provides remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest 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 regulative and compliance issues.
You can develop an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary location 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 total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that differ based upon trade volume and account holdings. For spot 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 discount rates. Options, swaps, and futures have their own rate schedules with varying costs.
One huge downside of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, hidden expense details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. You likely will not recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you do not normally face with conventional banking platforms. However, the very best practices for keeping your financial accounts safe are similar. 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 many client possessions. It likewise has deals extra functions like the capability to establish 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 have actually 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 want to take earnings at this level what we wish to do is discover the difference between these worths which’s going to offer us.057 then we’re going to take the dollar quantity 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 Coin Contract Address
difference between the stop and the entry okay which’s going to offer us the quantity of tokens that we need to buy in order to risk only ten 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 danger reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have actually that set dollar amount fine so that indicates that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the quantity of coins and increase 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 offer us 587 dollars then we need to be able to enter into this position when we’re utilizing take advantage of the only thing it’s changing is how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that suggests now I have ten thousand dollars to utilize fine because if we just had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account which makes it impossible okay so let’s visit purchase bit here let’s state we want to take this ape trade here fine 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 up our leverage 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 best thing all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this utilize ability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways use the referral Link in the description fine weekly we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re choosing three winners a week all right we’re trying to provide the costs that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can check out our Discord where we announce the winners all right before we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the rules that I would advise utilizing when growing a little account all right so the first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk fine each time you double the account so when you go to 100 up to 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is incredibly crucial is everyone has a mental threshold when it comes to just how much cash they’re comfortable risking if I’m looking 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 bit psychological about the trades which’s something that you actually wish to avoid until you come comfortable doing that all right so state you work your method approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that pull back to fifty dollars per trade choice that repaired amount once you want to maintain your capital and simply choose an objective per day on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make 3 that three to five thousand dollars weekly so I’m utilizing 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 understand a couple years from now move up to a thousand shot to make three to five thousand per trade and attempt to double my income alright so let’s get into the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai alright however what I wish to do is find an area where I have a recently established uptrend first thing that I wish to do is determine my wave count all right so if this is our beginning
very first pullback is two largest waves as much as three pullback is four and then the high is 5 and the way we can try to find the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and then discover my factor 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 price action comes down through