With low exchange charges. Okx Collateral … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It likewise offers exceptionally high yields in some cases when taking part in staking or saving functions.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 regulatory and compliance concerns.
You can create an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
likewise supports margin loaning, 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 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 inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary 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 may qualify for discounts. Futures, options, and swaps have their own rate schedules with differing fees.
One huge disadvantage of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, covert cost information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check deal information before proceeding. If you inadvertently send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security issues you do not usually face with traditional banking platforms. However, the very best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for most client possessions. It also has deals additional functions 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 market brokerage account, you will find a familiar experience at OKX.
wished 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 offering our position and that we want to take profit at this level what we wish to do is discover the difference between these worths and that’s going to provide 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 Collateral
difference between the stop and the entry fine which’s going to give us the quantity of tokens that we need to buy in order to risk just 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have actually that set dollar amount 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 have to take the quantity of coins and multiply 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 offer us 587 dollars then we need to be able to enter into this position when we’re utilizing utilize the only thing it’s changing is just how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to use all right since if we just had a hundred dollar account all right this 587 is currently 5x the size of our money value of our account that makes it impossible alright so let’s visit purchase bit here let’s state we wish 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 takes place 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 ten dollars you are safe and you’re doing the best thing alright so now only thing that we need to use 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 all right 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 higher is
going to be instantly gotten in to win a hundred dollars weekly we’re choosing 3 winners a week fine we’re trying to give the fees that we’re gathering from the affiliate program back into the community for you men trading with us connect 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 start taking these trades I want to go over the rules that I would recommend utilizing when growing a little account alright so the very first rule is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat okay each time you double the account so when you go to 100 up to 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there up until we scale our account up a bit larger the 3rd thing and this is very essential is everybody has a psychological threshold when it pertains to how much cash they’re comfortable running the risk of 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 truly want to avoid until you come comfy doing that all right so state you work your way up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that back down to fifty dollars per trade choice that fixed quantity as soon as you want to protect your capital and just choose an objective each day on
the money that you want to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to five 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 go up to a thousand shot to make 3 to 5 thousand per trade and try to double my income all right so let’s enter the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have 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 all right however what I want to do is discover an area where I have a recently developed uptrend first thing that I wish to do is identify my wave count okay so if this is our beginning
very first pullback is two biggest waves as much as three pullback is four and after that the high is five and the way we can search for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and then discover 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 go up to the high of one if our price action boils down through