With low exchange fees. Okx Learn And Earn 2022 … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. When getting involved in staking or saving functions, it also offers extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you remain in a location that deals with OKX, you can develop an account that provides you access to trade 343 spot currencies.
Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 certify for discount rates.
One huge disadvantage of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, covert cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal information before proceeding. You likely will not recover any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not normally confront with conventional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for the majority of customer possessions. It also has deals additional features 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 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 meaning that if we’re wrong and it continues moving down we’re offering our position and that we want to take earnings at this level what we wish to do is discover the difference between these values and that’s going to offer us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Learn And Earn 2022
difference between the stop and the entry okay which’s going to provide us the amount of tokens that we require to buy in order to risk just 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our danger benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have actually that set dollar amount all right so that implies that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the amount 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 offer us 587 dollars then we require to be able to get into this position when we’re using utilize the only thing it’s altering is just how much money we personally need to take 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 due to the fact that if we only had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account that makes it difficult fine so let’s go over to 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 enjoy what happens when we open up our leverage all right and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying 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 okay so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is altering absolutely nothing about the risk profile on the trade okay if you intend on trading anyways utilize 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 automatically gotten in to win a hundred dollars per week we’re picking 3 winners a week all right we’re trying to offer the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is listed below you can have a look at our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to start taking these trades I wish to review the rules that I would suggest utilizing when growing a small account okay so the first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat all right each time you double the account so when you go to 100 approximately 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there till we scale our account up a little bit bigger the third thing and this is super crucial is everyone has a psychological limit when it concerns how much cash they’re comfortable risking if I’m looking 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 states you’re going to start feeling a little bit emotional about the trades and that’s something that you really want to prevent up until you come comfortable doing that all right so state you work your method up to 200 to 500 to a thousand fine 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 repaired amount once you wish to protect your capital and just select a goal daily on
the cash that you wish to make once you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars each week so I’m using 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 understand a couple years from now go up to a thousand shot to make three to five thousand per trade and try to double my income okay so let’s enter 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 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 fine but what I want to do is find a location where I have actually a recently developed uptrend first thing that I want to do is identify my wave count all right so if this is our beginning
very first pullback is 2 largest waves up to 3 pullback is four and after that the high is 5 and the way we can search for the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and then find my element 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 increase to the high of one if our rate action boils down through