With low exchange costs. Okx Post Only … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It likewise uses exceptionally high yields in some cases when taking part in staking or conserving features.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can produce an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin loaning, earning cryptocurrency through staking and cost 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For spot 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 discounts.
One big disadvantage of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information before continuing. If you unintentionally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you don’t generally face with traditional banking platforms. The best practices for keeping your financial accounts protected are comparable. These include using strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for the majority of client assets. It also has offers additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 which we wish to take earnings at this level what we wish to do is find the distinction between these values which’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 ten dollars and we’re going to divide it by the Okx Post Only
difference in between the stop and the entry okay and that’s going to provide us the quantity of tokens that we require to buy in order to risk just 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our threat benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar amount alright so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and increase it by the entry cost 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 give us 587 dollars then we need to be able to enter this position when we’re utilizing leverage the only thing it’s changing is how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have 10 thousand dollars to use okay since if we only had a hundred dollar account fine this 587 is already 5x the size of our money value of our account that makes it impossible all right so let’s go over to purchase bit here let’s state we want 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 up our utilize okay 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 ideal thing fine so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account okay so this utilize capability is altering absolutely nothing about the danger profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description okay weekly we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars weekly we’re picking three winners a week alright we’re trying to provide the costs that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to start taking these trades I want to go over the rules that I would suggest utilizing when growing a little account fine so the very first guideline is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat alright each time you double the account so when you go to 100 up to 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up until we scale our account up a little bit larger the 3rd thing and this is very crucial is everyone has a mental limit when it pertains to just how much money they’re comfortable running the risk of 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 begin feeling a bit psychological about the trades which’s something that you really wish to prevent till you come comfy doing that okay so say you work your way approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can walk that back down to fifty dollars per trade pick that fixed quantity as soon as you want to protect your capital and just select a goal each day on
the cash that you wish to make when you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that three to 5 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 five thousand per trade and try to double my earnings alright so let’s get into 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 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 okay however what I wish to do is discover an area where I have actually a freshly developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
very first pullback is 2 largest waves approximately 3 pullback is 4 and after that the high is five and the way we can look for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover my factor 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