With low exchange costs. Okx Dual Investment … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or conserving functions, it also offers exceptionally high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet 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 issues.
You can develop an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use 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 space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might qualify for discount rates.
One big disadvantage of is that it does not reveal 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 cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal details prior to proceeding. You likely will not recover any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t generally confront with standard banking platforms. However, the very best practices for keeping your financial accounts safe and secure are similar. These include using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most customer properties. It also has deals extra features like the capability to establish 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 registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished to purchase 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 and that we wish to take revenue at this level what we wish to do is discover the difference in between these values and that’s going to give us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Dual Investment
distinction in between the entry and the stop fine which’s going to provide us the quantity of tokens that we need to buy in order to risk just 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 benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar amount okay so that suggests that in order to find the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and increase it by the entry price which is this level here all right 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 need to be able to enter this position when we’re using leverage the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to utilize fine since if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account which makes it impossible fine so let’s visit buy bit here let’s state we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open our utilize alright and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying 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 only thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of capability is changing nothing about the danger profile on the trade all right if you plan on trading anyways utilize the referral Link in the description fine every week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars per week we’re selecting three winners a week okay 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 listed below you can have a look at our Discord where we reveal the winners alright before 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 recommend utilizing when growing a small account alright so the first guideline is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 as much as 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there until we scale our account up a little bit bigger the third thing and this is extremely essential is everyone has a mental threshold when it pertains 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 little bit psychological about the trades and that’s something that you really wish to prevent until you come comfortable doing that okay so say you work your way as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that back down to fifty dollars per trade choice that fixed quantity once you wish to preserve your capital and simply choose an objective each day on
the money that you want to make once you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that three to five thousand dollars per 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 move up to a thousand try to make three to 5 thousand per trade and try to double my earnings fine so let’s get into the support of the actual trading this is a system that I have actually 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 in fact in Dubai fine but what I want to do is discover an area where I have a recently developed uptrend first thing that I want to do is recognize my wave count okay so if this is our start
first pullback is 2 largest waves approximately three pullback is 4 and after that the high is five and the method we can search for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then discover my factor of one and you can see the cost 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 rate action comes down through