With low exchange fees. Okx Gas Fee … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It likewise offers exceptionally high yields in some cases when taking part in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet 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.
If you’re in a location that works with OKX, you can produce an account that gives you access to trade 343 area currencies.
likewise supports margin loaning, earning cryptocurrency through staking and 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 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 discount rates.
One big disadvantage of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction details before proceeding. You likely won’t recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t generally face with standard banking platforms. The finest practices for keeping your monetary accounts safe are comparable. These consist of utilizing strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of consumer properties. It also has offers additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. You will find 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we wish to take revenue at this level what we want to do is find the difference between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Gas Fee
distinction in between the entry and the stop all right and that’s going to offer us the amount of tokens that we need to purchase in order to run the risk of just 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have actually that set dollar quantity alright so that means that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the amount of coins and multiply it by the entry price which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide 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 altering is how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have ten thousand dollars to use all right due to the fact that if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account which makes it difficult fine so let’s go over to buy bit here let’s say we wish 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 enjoy what takes place when we open up our take advantage of okay and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the ideal thing okay 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 utilize ability is changing absolutely nothing about the danger profile on the trade okay if you plan on trading anyways utilize the recommendation Link in the description okay each week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars weekly we’re choosing three winners a week all right we’re attempting to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can have a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would recommend using when growing a small account okay so the first guideline is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger okay each time you double the account so when you go to 100 as much as 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there up until we scale our account up a bit bigger the third thing and this is incredibly crucial is everybody has a psychological threshold when it concerns how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math says you’re going to start feeling a little bit emotional about the trades which’s something that you really want to prevent up until you come comfortable doing that fine so say you work your way approximately 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 all right you can stroll that pull back to fifty dollars per trade pick that fixed amount once you want to protect your capital and simply pick a goal per day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make 3 that three to 5 thousand dollars per week so I’m using you understand 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 move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings okay so let’s enter 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 among the setups that I had on xrp when I was really in Dubai all right however what I want to do is find an area where I have a freshly established uptrend first thing that I want to do is identify my wave count fine so if this is our beginning
first pullback is two biggest waves as much as 3 pullback is four and after that the high is five and the method we can try to find the top of 5 is by utilizing a Fibonacci forecast 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 element 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 cost action comes down through