With low exchange costs. Okx Fee Tiers … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It also offers incredibly high yields sometimes when taking part in staking or saving features.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can produce an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you use in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discounts.
One huge disadvantage of is that it doesn’t disclose 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 fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check deal details before continuing. If you inadvertently send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t typically confront with traditional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe and secure are similar. These consist of utilizing strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many client assets. It likewise has deals additional functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange 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 meaning that if we’re wrong and it continues moving down we’re offering our position which we wish to take earnings at this level what we wish to do is discover the difference in between these worths and that’s going to give us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Fee Tiers
distinction between the entry and the stop all right and that’s going to offer us the amount of tokens that we need to buy in order to risk just ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar quantity fine so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we need 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 which’s going to give us 587 dollars then we require to be able to enter this position when we’re utilizing utilize 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 utilize a 100x take advantage of that suggests now I have ten thousand dollars to use alright because if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account which makes it difficult okay so let’s visit purchase bit here let’s say 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 see what takes place when we open our take advantage of okay and you’re gon na get this caution that the liquidation is high alright 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 best thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of capability is changing absolutely nothing about the threat profile on the trade all right if you intend on trading anyways utilize the recommendation Link in the description all right weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars each week we’re picking three winners a week all right we’re trying to offer the fees that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can take a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the guidelines that I would recommend using when growing a small account fine so the very first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat fine each time you double the account so when you go to 100 as much as 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there till we scale our account up a little bit larger the third thing and this is very crucial is everybody has a mental threshold when it comes to how much cash they’re comfortable risking if I’m taking a look 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 begin feeling a bit psychological about the trades and that’s something that you actually want to avoid until you come comfy doing that alright so say you work your method as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that pull back to fifty dollars per trade pick that fixed quantity when you want to preserve your capital and just pick a goal per day on
the money that you wish to make once you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five thousand dollars weekly 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 then I’ll increase it you understand a couple years from now move up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings okay so let’s enter the support 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 among the setups that I had on xrp when I was really in Dubai fine however what I wish to do is discover a location where I have actually a recently established uptrend first thing that I wish to do is determine my wave count all right so if this is our beginning
first pullback is two biggest waves up to 3 pullback is four and after that the high is 5 and the method we can look for the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover my factor 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 go up to the high of one if our price action comes down through