With low exchange costs. Okx Kasta Chart … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When participating in staking or saving functions, it likewise offers extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world 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 concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin loaning, making 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 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 review. There are 343 currencies on the exchange total.
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 big downside of is that it does not reveal fees for withdrawals and deposits. While much of is transparent, covert expense details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. If you accidentally send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you do not typically confront with standard banking platforms. However, the very best practices for keeping your monetary accounts secure are comparable. These include using strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for most customer properties. It also has offers additional features like the capability to set up 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 signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished 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 and that we wish to take earnings at this level what we want to do is find the distinction in between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Kasta Chart
distinction between the stop and the entry fine which’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of only ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have actually that set dollar quantity fine so that indicates that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and multiply it by the entry price 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 offer us 587 dollars then we require to be able to get into this position when we’re utilizing utilize the only thing it’s altering is just how much money 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 10 thousand dollars to use okay since if we only had a hundred dollar account all right this 587 is currently 5x the size of our money value of our account which makes it difficult okay so let’s visit buy bit here let’s say 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 see what happens when we open our take advantage of all right 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 10 dollars you are safe and you’re doing the ideal thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of capability is changing nothing about the risk profile on the trade all right if you intend on trading anyways use the referral Link in the description fine each 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 picking 3 winners a week alright we’re trying to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is listed below you can have a look at 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 want to review the guidelines that I would recommend utilizing when growing a little account okay so the very first guideline is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that ten dollar risk okay each time you double the account so when you go to 100 approximately 200 alright you wish 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 until we scale our account up a little bit bigger the third thing and this is extremely important is everybody has a psychological limit when it comes to just how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to begin feeling a little bit psychological about the trades and that’s something that you really wish to avoid up until you come comfortable 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 and that’s excessive for you all right you can walk that pull back to fifty dollars per trade choice that fixed quantity once you want to protect your capital and simply select a goal per day on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to five thousand dollars each week so I’m utilizing you learn 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 three to five thousand per trade and attempt to double my income all right so let’s enter the bread and butter of the real trading this is a system that I have actually been trading the marketplaces 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 really in Dubai okay but what I wish to do is find a location where I have actually a newly developed uptrend first thing that I wish to do is recognize my wave count okay so if this is our start
first pullback is two biggest waves approximately three pullback is four and then the high is five and the way we can search 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 here click back here and then discover my factor 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 go up to the high of one if our cost action boils down through