With low exchange costs. Okx Premium … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving functions, it also offers remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can produce an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining 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 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 big holding in the OKB currency might certify for discount rates.
One big disadvantage of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction details before proceeding. If you inadvertently send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t normally confront with standard banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe and secure are comparable. These include utilizing strong passwords unique to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of client assets. It likewise has offers extra functions like the capability to establish 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 discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 and that we want to take revenue at this level what we want to do is discover the distinction in between these values and that’s going to give us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Premium
distinction in between the entry and the stop alright and that’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk reward and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have actually that set dollar quantity all right so that suggests that in order to find the capital requirement or the quantity of money that we need for this trade we need to take the amount of coins and multiply it by the entry price 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 get into this position when we’re using leverage the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to utilize alright because if we only had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account which 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 all right 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 take advantage of all right and you’re gon na get this warning 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 ideal thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this utilize capability is changing absolutely nothing about the risk profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description alright each week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars each week we’re selecting three winners a week fine we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is below you can check out our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to start taking these trades I want to discuss the guidelines that I would suggest using when growing a small account alright so the first rule is start with the dollar amount threat 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 approximately 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there till we scale our account up a little bit larger the 3rd thing and this is super crucial is everyone has a psychological threshold when it comes to how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell 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 really wish to prevent till you come comfy doing that okay so say you work your way up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that pull back to fifty dollars per trade choice that fixed amount when you want to protect your capital and simply select a goal each day on
the cash that you wish to make once you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make three that 3 to 5 thousand dollars weekly so I’m utilizing 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 know a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings okay 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 definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai alright but what I want to do is find a location where I have actually a newly developed uptrend first thing that I wish to do is identify my wave count all right so if this is our start
first pullback is two biggest waves approximately three pullback is four and then the high is five and the method we can try to find the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then discover 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 cost action comes down through