With low exchange charges. Okx Contact Email … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. It likewise offers extremely high yields in many cases when taking part in staking or saving features.
was founded in 2017 and preserves a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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.
You can produce an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing 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 big holding in the OKB currency may get approved for discount rates. Swaps, futures, and choices have their own rate schedules with differing fees.
One huge drawback of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, covert cost information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check transaction details prior to continuing. You likely won’t recuperate any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not generally confront with conventional banking platforms. The finest practices for keeping your monetary accounts secure are similar. These consist of using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for the majority of client assets. It also 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 outside of 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.
wished 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 which we want to take earnings at this level what we want to do is discover the distinction between these values and that’s going to offer us.057 then we’re going to take the dollar amount danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Contact Email
distinction in between the entry and the stop alright which’s going to offer us the amount of tokens that we need to buy in order to run the risk of just ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever 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 need to have that set dollar amount alright so that suggests that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to enter this position when we’re using utilize the only thing it’s altering 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 take advantage of that implies now I have 10 thousand dollars to use fine due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account that makes it impossible alright so let’s go over to buy bit here let’s state we wish to take this ape trade here alright we need 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 warning that the liquidation is high fine 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 alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account all right so this utilize ability is altering absolutely nothing about the risk profile on the trade all right if you plan on trading anyways utilize the referral Link in the description okay every week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re choosing 3 winners a week alright we’re trying to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can have a look at our Discord where we announce the winners okay before we hop into the trading system that you can use to begin taking these trades I want to go over the rules that I would advise utilizing when growing a little account fine so the first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger alright each time you double the account so when you go to 100 as much as 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there until we scale our account up a little bit bigger the 3rd thing and this is incredibly crucial is everyone has a mental threshold when it comes to how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly wish to avoid till you come comfy doing that okay so say you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can walk that back down to fifty dollars per trade choice that repaired amount when you wish to preserve your capital and simply pick an objective daily on
the cash that you wish to make when you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars per week 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 understand a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings alright so let’s enter into 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 absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai all right however what I want to do is find a location where I have a recently established uptrend first thing that I want to do is identify my wave count all right so if this is our start
very first pullback is 2 biggest waves approximately 3 pullback is 4 and then 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 discover my factor 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 go up to the high of one if our rate action boils down through