With low exchange fees. Okx Launchpad … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It likewise provides incredibly high yields in some cases when participating in staking or conserving features.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 regulative and compliance issues.
You can create 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, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could 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 room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different rates tiers that vary based on 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 discount rates. Futures, options, and swaps have their own rate schedules with differing charges.
One big downside of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, surprise cost information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal details before proceeding. If you accidentally send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you do not generally face with conventional banking platforms. However, the best practices for keeping your monetary accounts secure are similar. These consist of using strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of consumer properties. It likewise has deals extra 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 beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover 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 offering our position and that we want to take profit at this level what we want to do is find the difference between these values which’s going to provide us.057 then we’re going to take the dollar quantity threat we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Launchpad
difference between the entry and the stop all right which’s going to provide us the amount of tokens that we need to purchase in order to risk just 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to call in our danger benefit 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 okay so that implies that in order to find the capital requirement or the quantity of cash that we require for this trade we need to take the amount 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 increased by 3.35 which’s going to give us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have ten thousand dollars to use okay due to the fact that if we just had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account which makes it impossible okay so let’s visit purchase 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 enjoy what happens when we open up our utilize okay and you’re gon na get this warning that the liquidation is high fine 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 best thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this leverage ability is altering absolutely nothing about the threat profile on the trade fine if you intend on trading anyways use the referral Link in the description all right each week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars each week we’re choosing 3 winners a week fine we’re trying to give the costs that we’re gathering from the affiliate program back into the community for you men trading with us connect is listed below you can have a look at our Discord where we announce the winners okay before we hop into the trading system that you can utilize to begin taking these trades I want to go over the guidelines that I would recommend using when growing a little account all right so the first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk fine each time you double the account so when you go to 100 as much as 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there up until we scale our account up a bit bigger the third thing and this is very important is everyone has a mental limit when it comes to 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 trades in a row I don’t care who you are or what the math says you’re going to start feeling a bit emotional about the trades and that’s something that you truly wish to avoid until you come comfortable doing that okay 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 too much for you all right you can stroll that pull back to fifty dollars per trade pick that repaired amount as soon as you wish to maintain your capital and just pick an objective per day on
the cash that you wish to make once you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that three to 5 thousand dollars weekly so I’m utilizing you know 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 know a couple years from now move up to a thousand try to make three to 5 thousand per trade and try to double my earnings all right so let’s get 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 actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai all right however what I wish to do is find a location where I have actually a freshly developed uptrend first thing that I want to do is identify my wave count all right so if this is our start
first pullback is 2 largest waves as much as three pullback is 4 and after that the high is five and the way 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 here click back here and after that discover my element 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 price action comes down through