With low exchange fees. Okx.Com/Trade/Inverse/Btcusd … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. When participating in staking or saving features, it likewise provides incredibly 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 in the world by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
If you’re in an area that deals 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 products, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you use 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 not enough 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 different prices 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 big holding in the OKB currency may get approved for discount rates. Futures, alternatives, and swaps have their own rate schedules with differing costs.
One huge disadvantage of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, concealed expense information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. If you accidentally send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you don’t typically confront with standard banking platforms. The best practices for keeping your monetary accounts safe are comparable. These consist of using strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of customer possessions. It also has offers additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 wish to take profit at this level what we want to do is find the difference between these worths which’s going to offer us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx.Com/Trade/Inverse/Btcusd
distinction in between the entry and the stop fine and that’s going to provide us the amount of tokens that we need to purchase in order to risk only 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar amount fine so that means that in order to find the capital requirement or the amount of cash 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 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 require to be able to enter into this position when we’re utilizing utilize the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have ten thousand dollars to use alright because if we just had a hundred dollar account all right this 587 is already 5x the size of our money value of our account that makes it difficult okay so let’s go over to purchase bit here let’s say we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open up our utilize all right and you’re gon na get this caution that the liquidation is high fine 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 ideal thing all right so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this utilize capability is altering nothing about the risk profile on the trade fine if you plan on trading anyways use the referral Link in the description fine each week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars each week we’re picking 3 winners a week all right we’re attempting to offer the charges that we’re collecting 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 announce the winners fine before we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would advise using when growing a little account alright so the first rule is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 up to 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a bit bigger the third thing and this is very crucial is everyone has a mental limit when it pertains to just how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math states you’re going to start feeling a little bit emotional about the trades which’s something that you really wish to prevent up until you come comfortable doing that okay so say you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that pull back to fifty dollars per trade choice that fixed amount as soon as you wish to maintain your capital and simply select an objective per day on
the cash that you want to make when 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 5 thousand dollars weekly so I’m utilizing you learn 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 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 actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely 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 all right however what I wish to do is find a location where I have actually a newly established uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
first pullback is two largest waves up to 3 pullback is four and after that the high is five and the way we can try to find the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and then find my element 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 cost action boils down through