With low exchange charges. Okx Currency … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It also uses exceptionally high yields in some cases when taking part in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 create an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin borrowing, 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 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 insufficient room to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 qualify for discounts.
One huge disadvantage of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, covert expense details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal information prior to continuing. If you mistakenly send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you don’t generally confront with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe and secure are comparable. These include utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for many consumer possessions. It likewise has offers additional features like the capability 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 have actually ever signed up for another cryptocurrency exchange or stock exchange 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 want to take revenue at this level what we wish to do is find the distinction between these values which’s going to give us.057 then we’re going to take the dollar amount threat we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Currency
distinction in between the stop and the entry okay and that’s going to provide us the amount of tokens that we need to purchase in order to risk just ten dollars fine if we’re just sharing 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 definitely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar quantity okay so that implies that in order to discover the capital requirement or the amount of money that we need 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 multiplied by 3.35 and that’s going to give us 587 dollars then we require to be able to enter into this position when we’re using utilize the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have ten thousand dollars to utilize okay due to the fact that if we just had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account that makes it impossible okay so let’s go over to purchase bit here let’s state we want 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 occurs when we open up our utilize fine and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this leverage ability is changing nothing about the danger profile on the trade fine if you plan on trading anyways use the referral Link in the description alright each week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars weekly we’re picking 3 winners a week all right we’re trying to offer the costs that we’re collecting from the affiliate program back into the community for you people trading with us link is listed below you can check out our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to start taking these trades I wish to go over the guidelines that I would advise using when growing a little account fine so the first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that ten dollar risk fine each time you double the account so when you go to 100 as much as 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there up until we scale our account up a bit bigger the 3rd thing and this is very essential is everyone has a psychological threshold when it comes to 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 says you’re going to begin feeling a bit psychological about the trades which’s something that you actually want to prevent until you come comfy doing that alright so state you work your way approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can stroll that pull back to fifty dollars per trade pick that repaired amount once you wish to preserve your capital and simply choose an objective per day on
the money that you want to make as soon as you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to 5 thousand dollars per week so I’m utilizing you understand 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 try to make 3 to 5 thousand per trade and attempt to double my income alright so let’s enter the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai alright however what I wish to do is find an area where I have actually a newly established uptrend first thing that I wish to do is recognize my wave count alright so if this is our start
first pullback is two biggest waves approximately 3 pullback is four and after that the high is five and the method we can look for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and after that 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 comes down through