With low exchange charges. Okx Logistics Reviews … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When taking part in staking or saving features, it also uses remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
If you’re 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 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that vary 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 may get approved for discount rates. Choices, swaps, and futures have their own rate schedules with differing charges.
One big disadvantage of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information before proceeding. You likely won’t recuperate any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you do not usually confront with conventional banking platforms. The best practices for keeping your financial accounts protected are comparable. These include utilizing strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most consumer properties. It likewise has deals additional features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you have actually ever registered 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 selling our position which we wish to take revenue at this level what we wish to do is find the distinction between these values and that’s going to give 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 Logistics Reviews
distinction in between the entry and the stop okay and that’s going to provide us the quantity of tokens that we need to buy in order to risk only 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability 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 alright so that indicates that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the quantity 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 give us 587 dollars then we require to be able to enter into this position when we’re using utilize the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have 10 thousand dollars to utilize okay because if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account that makes it impossible okay so let’s visit buy bit here let’s say we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open up our take advantage of fine and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing okay so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is altering nothing about the threat profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description okay every week we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars each week we’re selecting three winners a week alright we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link 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 use to begin taking these trades I wish to go over the rules that I would suggest utilizing when growing a small account okay so the very first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger alright each time you double the account so when you go to 100 up to 200 okay 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 quantity and use that there up until we scale our account up a little bit larger the 3rd thing and this is incredibly essential is everybody has a mental threshold when it comes to just how much cash they’re comfortable running the risk of 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 states you’re going to begin feeling a little bit psychological about the trades and that’s something that you actually want to prevent up until you come comfy doing that all right so state you work your way up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that pull back to fifty dollars per trade choice that repaired quantity as soon as you wish to protect your capital and just pick an objective daily on
the money that you want to make as soon as you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to five thousand dollars weekly so I’m using you understand 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 three to 5 thousand per trade and try to double my earnings all right so let’s enter into the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai okay however what I want to do is find a location where I have actually a newly established uptrend first thing that I wish to do is determine my wave count all right so if this is our beginning
first pullback is two biggest waves as much as three pullback is 4 and after that the high is 5 and the method 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 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 boils down through