With low exchange fees. Okx Luna … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. When participating in staking or conserving functions, it likewise offers extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
If you remain in an area that works with OKX, you can develop an account that provides you access to trade 343 spot currencies.
also supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that differ 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 might qualify for discount rates. Futures, alternatives, and swaps have their own rate schedules with differing fees.
One big downside of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, concealed cost information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal information before continuing. You likely will not recover any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you do not normally face with traditional banking platforms. The best practices for keeping your monetary accounts protected are comparable. These consist of using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for a lot of client properties. It also has deals additional functions like the capability to establish 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’ve ever signed up for another cryptocurrency exchange or stock exchange 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 which we wish to take revenue at this level what we want to do is discover the distinction between these values which’s going to give us.057 then we’re going to take the dollar quantity risk we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Luna
difference in between the stop and the entry fine which’s going to offer us the amount of tokens that we require to purchase in order to risk just 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have that set dollar amount all right so that means that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and increase 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 which’s going to give us 587 dollars then we need to be able to enter this position when we’re using take advantage of the only thing it’s changing is how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to utilize fine because if we only had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account which makes it difficult all right so let’s go over to purchase bit here let’s say 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 our utilize all right and you’re gon na get this caution 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 ten dollars you are safe and you’re doing the best thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account alright so this utilize capability is altering absolutely nothing about the threat profile on the trade alright if you plan on trading anyways use the recommendation Link in the description fine every week we do a free gift where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars weekly we’re selecting three winners a week alright we’re attempting to offer the fees that we’re gathering 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 begin taking these trades I want to discuss the guidelines that I would recommend utilizing when growing a small account all right so the very first rule is start with the dollar amount danger per trade 10 of beginning 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 all right you want 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 till we scale our account up a bit larger the third thing and this is super crucial is everybody has a mental threshold when it comes to just how much money 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 math states you’re going to begin feeling a bit psychological about the trades which’s something that you truly want to avoid until you come comfy doing that okay so say you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that back down to fifty dollars per trade pick that repaired amount as soon as you wish to protect your capital and simply choose a goal daily on
the cash that you want to make once you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars weekly so I’m utilizing you know 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 go 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 into the support of the actual trading this is a system that I’ve 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 in fact in Dubai alright but what I wish to do is find a location where I have actually a freshly established uptrend first thing that I want to do is determine my wave count all right so if this is our start
first pullback is 2 biggest waves up to 3 pullback is four and then the high is 5 and the method we can try to find the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and then discover my element of one and you can see the price 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 price action boils down through