With low exchange charges. Okx Crypto Exchange Review … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When participating in staking or saving functions, it also uses exceptionally high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces all over the world. 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 countries. They do not take users from the United States due to regulative and compliance issues.
You can develop an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin loaning, making cryptocurrency through staking and 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 main 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:
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 qualify for discount rates.
One huge downside of is that it does not disclose costs for deposits and withdrawals. While much of is transparent, concealed cost details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. You likely will not recuperate any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t generally face with conventional banking platforms. The finest practices for keeping your monetary accounts secure are similar. These include using strong passwords unique 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 freezer for a lot of client possessions. 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 easy for anyone beyond the United States. You will find 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 which we wish to take earnings at this level what we wish to do is discover the difference between these worths and that’s going to give us.057 then we’re going to take the dollar amount threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Crypto Exchange Review
distinction in between the entry and the stop okay and that’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar quantity 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 need to take the quantity of coins and multiply it by the entry price which is this level here all right 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 get into this position when we’re using take advantage of the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that means now I have 10 thousand dollars to use all right since if we only had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account that makes it difficult fine so let’s visit buy bit here let’s say we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open up our leverage all right and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this utilize ability is changing nothing about the danger profile on the trade alright if you intend on trading anyways use the recommendation Link in the description okay every week we do a free gift where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re selecting three winners a week okay we’re trying to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can check out our Discord where we reveal the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would recommend using when growing a small account okay so the very first guideline is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger okay 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 comfortable with the dollar quantity and utilize that there till we scale our account up a little bit larger the third thing and this is extremely important is everybody has a mental limit when it pertains to just how much money they’re comfortable running the risk of if I’m looking 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 start feeling a bit emotional about the trades which’s something that you really wish to prevent till you come comfy doing that okay so say you work your method as much as 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that back down to fifty dollars per trade pick that repaired amount once you want to preserve your capital and simply pick a goal each day on
the money that you wish to make when you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make three that 3 to 5 thousand dollars each week so I’m using you understand about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and then 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 income fine so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually 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 alright but what I want to do is discover a location where I have a newly established uptrend first thing that I wish to do is identify my wave count fine so if this is our start
first pullback is 2 biggest waves up to 3 pullback is 4 and after that the high is five and the method we can search for the top of five is by utilizing 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 factor 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 price action comes down through