With low exchange fees. Okx Pool … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It also uses extremely high yields in some cases when taking part in staking or saving features.
was founded in 2017 and maintains a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
1
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can create an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
1
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining 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 inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
2
Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
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 downside of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, hidden expense information are a warning that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely will not recover any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you do not normally confront with conventional banking platforms. However, the very best practices for keeping your financial accounts protected are similar. These consist of using strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many customer properties. It likewise has deals additional functions like the ability 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. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished to buy 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 which we want to take earnings at this level what we wish to do is find the distinction between these worths and that’s going to give us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Pool
difference between the stop and the entry alright which’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have that set dollar amount fine so that implies that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here okay 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 cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have 10 thousand dollars to utilize okay due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our money value of our account which makes it impossible okay so let’s visit purchase bit here let’s say we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our utilize all right and you’re gon na get this caution that the liquidation is high all right 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 right thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this leverage capability is changing nothing about the risk profile on the trade okay if you plan on trading anyways use the referral Link in the description all right each week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars per week we’re choosing 3 winners a week alright we’re trying to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is listed below you can have a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to begin taking these trades I wish to review the guidelines that I would advise utilizing when growing a little account okay so the first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk all right each time you double the account so when you go to 100 approximately 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there till we scale our account up a bit bigger the 3rd thing and this is extremely important is everybody has a mental threshold when it concerns 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 three trades in a row I don’t care who you are or what the math states you’re going to start feeling a little bit psychological about the trades and that’s something that you truly want to avoid till you come comfortable doing that fine so say you work your method as much as 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 okay you can stroll that back down to fifty dollars per trade pick that repaired quantity when you want to preserve your capital and simply choose a goal daily on
the money 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 three that three to five thousand dollars per week so I’m using you understand 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 go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings okay so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai all right however what I wish to do is discover a location where I have actually a newly developed uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is 2 biggest waves approximately 3 pullback is 4 and after that the high is 5 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 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 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 comes down through