With low exchange fees. Okx Exchange Users … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. It also offers exceptionally high yields sometimes when taking part in staking or conserving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you remain in an area that deals with OKX, you can develop an account that offers you access to trade 343 area currencies.
also supports margin borrowing, earning 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 insufficient space 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 different rates tiers that vary based on 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 might get approved for discounts. Futures, options, and swaps have their own rate schedules with differing charges.
One huge downside of is that it doesn’t disclose fees for deposits and withdrawals. While much of is transparent, hidden expense information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction information prior to continuing. You likely will not recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not usually confront with standard banking platforms. The finest practices for keeping your monetary accounts protected are comparable. These consist of using strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for the majority of customer properties. It also has deals additional features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will discover a familiar experience at OKX if you have actually 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 significance that if we’re wrong and it continues moving down we’re offering our position and that we want to take profit at this level what we want to do is find the difference between these values which’s going to provide us.057 then we’re going to take the dollar quantity risk we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Exchange Users
difference in between the stop and the entry okay and that’s going to give us the amount of tokens that we need to buy in order to run the risk of only ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have actually that set dollar quantity fine so that means that in order to find the capital requirement or the amount of money that we need for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here fine so in this case we’re going to take 175 coins increased 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 take advantage of the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have ten thousand dollars to use fine because if we only had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account that makes it impossible alright so let’s visit buy 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 watch what takes place when we open our take advantage of all right and you’re gon na get this caution that the liquidation is high fine 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 all right so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this leverage capability is altering nothing about the threat profile on the trade fine if you plan on trading anyways use the recommendation Link in the description okay every week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars weekly we’re selecting 3 winners a week all right we’re attempting to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is below you can check out our Discord where we announce the winners fine prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would advise using when growing a little account fine so the first guideline is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk 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 limit get comfy with the dollar amount and utilize that there until we scale our account up a little bit larger the third thing and this is extremely important is everyone has a mental threshold when it concerns just 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 states you’re going to begin feeling a little bit psychological about the trades which’s something that you actually want to prevent up until you come comfortable doing that alright so state you work your method as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that back down to fifty dollars per trade pick that fixed quantity as soon as you want to preserve your capital and just pick an objective each day on
the cash that you wish to make once you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to five thousand dollars each week so I’m utilizing you know 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 three to 5 thousand per trade and try to double my earnings alright so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai alright but what I want to do is discover an area where I have a newly developed uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is 2 biggest waves as much as 3 pullback is four and then the high is 5 and the way we can try to find the top of five 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 after that find my element 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 cost action comes down through