With low exchange fees. Okx Google Play … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When participating in staking or saving functions, it likewise provides incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can develop an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different prices tiers that differ based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might receive discount rates. Options, swaps, and futures have their own rate schedules with varying fees.
One huge downside of is that it does not reveal fees 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 fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal information before proceeding. If you mistakenly send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security concerns you do not generally confront with standard banking platforms. The best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of client assets. It also has offers extra 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’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
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 offering our position and that we wish to take earnings at this level what we wish to do is discover the distinction in between these worths which’s going to provide us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Google Play
distinction between the entry and the stop fine and that’s going to provide us the quantity of tokens that we need to buy in order to run the risk of only ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat reward and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have that set dollar amount fine so that suggests that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and increase it by the entry cost which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s changing is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have 10 thousand dollars to use fine because if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account which makes it impossible alright so let’s visit buy 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 occurs when we open up our take advantage of fine and you’re gon na get this warning 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 ten dollars you are safe and you’re doing the ideal thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this leverage capability is altering absolutely nothing about the danger profile on the trade alright if you intend 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 entered to win a hundred dollars each week we’re picking 3 winners a week okay we’re attempting to provide the charges that we’re collecting from the affiliate program back into the community for you people trading with us connect is listed below you can have a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I want to go over the rules that I would suggest using when growing a small account alright so the first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger alright each time you double the account so when you go to 100 approximately 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there up until we scale our account up a bit bigger the 3rd thing and this is extremely crucial is everyone has a mental limit when it comes to how much money 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 math says you’re going to begin feeling a little bit emotional about the trades and that’s something that you really wish to prevent until you come comfy doing that all right so say you work your way up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can walk that back down to fifty dollars per trade pick that fixed amount as soon as you wish to maintain your capital and simply pick an objective each day on
the money that you wish to make once you get up to a comfy threshold where it’s fitting your income objectives so for me personally you understand I like to make three that three to 5 thousand dollars each week so I’m using 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 understand 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 alright so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai okay but 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 recognize my wave count alright so if this is our start
very first pullback is 2 biggest waves up to 3 pullback is four and after that the high is five and the method 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 on this link 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 rate action boils down through