With low exchange charges. Okx Fee Discount … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It also provides remarkably high yields in many cases when participating in staking or saving features.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world 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 regulatory and compliance issues.
If you’re in an area that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining 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 list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different 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 discounts. Options, swaps, and futures have their own rate schedules with differing fees.
One huge downside of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, covert 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 constantly double-check transaction information before proceeding. If you inadvertently send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you do not normally confront with traditional banking platforms. The finest practices for keeping your financial accounts secure are similar. These consist of using strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of client possessions. It likewise has offers additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy 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 purchase 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 want to do is find the difference between these values which’s going to offer us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Fee Discount
difference in between the stop and the entry all right which’s going to provide us the amount of tokens that we require to buy in order to run the risk of just 10 dollars okay 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 that set dollar amount fine so that implies that in order to find the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here alright 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 get into this position when we’re using take advantage of the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests 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 which makes it difficult all right so let’s go over to buy bit here let’s state we wish to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs 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 alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is altering nothing about the risk profile on the trade alright if you intend on trading anyways use the recommendation Link in the description all right weekly we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re picking 3 winners a week fine we’re attempting to provide the charges that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed below you can check out our Discord where we reveal the winners fine before we hop into the trading system that you can use to begin taking these trades I want to go over the guidelines that I would recommend using when growing a small account okay so the very first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that ten dollar threat all right 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 limit get comfy with the dollar amount and use that there till we scale our account up a little bit bigger the third thing and this is super essential is everybody has a mental limit when it pertains to how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the mathematics says you’re going to start feeling a bit psychological about the trades and that’s something that you truly wish to avoid up until you come comfy doing that all right so say you work your method up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that pull back to fifty dollars per trade pick that repaired amount when you want to protect your capital and just pick a goal daily on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make three that three to five thousand dollars per week so I’m utilizing 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 understand a couple years from now go up to a thousand try to make three to five thousand per trade and attempt to double my income alright so let’s enter the bread and butter of the real trading this is a system that I have actually 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 actually in Dubai alright however what I want to do is discover an area where I have actually a newly established uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
very first pullback is two largest waves as much as three pullback is four and after that the high is five and the way we can look 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 after that discover my aspect 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