With low exchange costs. Okx Listing Announcement … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It likewise provides incredibly high yields in some cases when taking part in staking or conserving features.
was founded in 2017 and preserves a headquarters in Seychelles, with additional 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 regulative and compliance issues.
If you’re in a location that works with OKX, you can develop an account that gives you access to trade 343 spot currencies.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different rates tiers that differ based upon trade volume and account holdings. 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 get approved for discounts. Choices, futures, and swaps have their own rate schedules with differing costs.
One huge drawback of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, covert expense information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction information before proceeding. You likely won’t recuperate any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t generally confront with conventional banking platforms. The best practices for keeping your monetary accounts secure are similar. These consist of utilizing strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most client assets. It likewise has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wanted to buy 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 which we want to take profit at this level what we wish to do is find the difference between these worths and that’s going to give us.057 then we’re going to take the dollar amount risk 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 Listing Announcement
difference between the stop and the entry fine which’s going to give us the quantity of tokens that we require to buy in order to risk only 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar quantity all right so that implies that in order to discover the capital requirement or the quantity of cash that we need for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s altering 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 ten thousand dollars to utilize alright since if we just had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account which makes it impossible okay so let’s go over to purchase bit here let’s state 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 watch what happens when we open our leverage 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 running the risk of that 10 dollars you are safe and you’re doing the right thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is changing absolutely nothing about the risk profile on the trade all right if you plan on trading anyways utilize the referral Link in the description okay every week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars each week we’re choosing three winners a week alright 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 announce the winners all right before we hop into the trading system that you can utilize to start taking these trades I want to go over the guidelines that I would suggest utilizing when growing a small account alright so the very first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 as much as 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there up until we scale our account up a little bit bigger the 3rd thing and this is very essential is everybody has a mental limit when it concerns 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 mathematics says you’re going to begin feeling a little bit psychological about the trades and that’s something that you really wish to prevent till you come comfy doing that okay so state you work your method as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that pull back to fifty dollars per trade pick that fixed quantity once you want to protect your capital and just choose an objective daily on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make three that three to 5 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 then I’ll increase it you understand a couple years from now move up to a thousand try to make three to 5 thousand per trade and attempt to double my earnings fine so let’s enter the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai fine but what I want to do is find a location where I have actually a freshly established uptrend first thing that I wish to do is determine my wave count okay so if this is our start
first pullback is two largest waves approximately three pullback is four and then the high is 5 and the method we can look for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that find my aspect 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 go up to the high of one if our rate action comes down through