With low exchange charges. Okx Exchange.Ir … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When getting involved in staking or conserving functions, it also uses remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
You can produce an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise 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 utilize 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 overall.
Currencies traded on by volume:
breaks currencies down into various rates 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 large holding in the OKB currency may receive discount rates. Futures, choices, and swaps have their own rate schedules with varying charges.
One huge drawback of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information before continuing. You likely won’t recover any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you do not normally face with conventional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts secure are comparable. These include utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most consumer possessions. It also has offers extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone 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.
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 and that we wish to take earnings at this level what we want to do is find the distinction in between these values and that’s going to offer us.057 then we’re going to take the dollar quantity danger 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 Exchange.Ir
distinction between the stop and the entry fine which’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able 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 need to have actually that set dollar quantity all right so that suggests that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here fine 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 utilizing utilize the only thing it’s changing is just how much cash we personally need 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 ten thousand dollars to utilize fine because if we just had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account which makes it difficult alright so let’s go over to purchase bit here let’s say we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open our utilize all right and you’re gon na get this caution that the liquidation is high okay as long as you’re measuring 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 okay so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is altering absolutely nothing about the risk profile on the trade fine if you plan on trading anyways use the referral Link in the description okay each week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars per week we’re choosing three winners a week alright we’re attempting to give the fees that we’re gathering from the affiliate program back into the community for you people trading with us link is below you can have a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the rules that I would recommend utilizing when growing a small account all right so the very first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 approximately 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there until we scale our account up a little bit larger the 3rd thing and this is incredibly crucial is everyone has a mental threshold when it pertains to just how much cash they’re comfortable risking if I’m taking a look 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 states you’re going to start feeling a little bit emotional about the trades which’s something that you truly want to avoid until you come comfy doing that all right so state you work your method up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that fixed amount once you wish to maintain your capital and just select a goal each day on
the money that you wish to make when you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to five 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 after that I’ll increase it you know a couple years from now move 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 actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai fine but what I wish to do is discover a location where I have actually a recently established uptrend first thing that I want to do is identify my wave count all right so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is four and then the high is five and the way we can search for 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 on this link click back here and after that discover my aspect 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 increase to the high of one if our price action boils down through