With low exchange fees. Okx Quiz … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. When participating in staking or conserving functions, it also uses incredibly high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
also 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. could 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 space to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different prices 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 receive discount rates. Swaps, choices, and futures have their own rate schedules with varying charges.
One huge disadvantage of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, surprise cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. If you accidentally send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security issues you do not generally confront with traditional banking platforms. The finest practices for keeping your financial accounts safe are similar. These consist of using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many client properties. It likewise has offers additional functions like the ability 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. 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 buy 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 and that we want to take earnings at this level what we want to do is discover the distinction in between these worths and that’s going to give us.057 then we’re going to take the dollar amount danger 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 Quiz
difference between the stop and the entry fine and that’s going to offer us the amount of tokens that we need to purchase in order to run the risk of only 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar quantity fine so that indicates that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the amount of coins and increase it by the entry cost which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we require 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 need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have ten thousand dollars to utilize all right due to the fact that if we just had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account which makes it difficult okay so let’s go over to purchase bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open up 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 quantifying 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 all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is altering absolutely nothing about the danger profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description alright every week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re selecting 3 winners a week okay we’re attempting to provide the costs that we’re gathering from the affiliate program back into the community for you men trading with us link is below you can have a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would recommend using when growing a little account okay so the very first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk alright 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 comfortable with the dollar quantity and use that there up until we scale our account up a bit bigger the 3rd thing and this is super essential is everyone has a psychological 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 sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit emotional about the trades and that’s something that you really want to avoid up until you come comfy doing that okay so say you work your method approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that pull back to fifty dollars per trade pick that fixed quantity once you wish to maintain your capital and just choose a goal daily on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 to 5 thousand dollars per week so I’m using 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 shot to make three to five thousand per trade and try to double my income fine so let’s enter the support of the real 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 reveal you among the setups that I had on xrp when I was actually in Dubai fine however what I want to do is discover a location where I have actually a recently established uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
first pullback is 2 largest waves up to three pullback is 4 and after that the high is 5 and the method we can look for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and after that 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 go up to the high of one if our cost action comes down through