With low exchange fees. Okx Rankings … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When participating in staking or conserving features, it also uses extremely high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares 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 create an account that gives you access to trade 343 spot 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 products, 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing 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 qualify for discount rates. Swaps, options, and futures have their own rate schedules with varying costs.
One huge downside of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction details before continuing. You likely won’t recover any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you don’t typically confront with conventional banking platforms. However, the very best practices for keeping your monetary accounts safe and secure are comparable. These consist of utilizing strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of client assets. It likewise has deals additional functions like the capability to set up 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 registered for another cryptocurrency exchange or stock market 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 offering our position and that we wish to take profit at this level what we wish to do is find the difference in between these values which’s going to provide us.057 then we’re going to take the dollar amount threat 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 Rankings
distinction in between the entry and the stop fine and that’s going to give us the amount of tokens that we need to buy in order to risk just 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our risk reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount okay so that means that in order to find 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 rate which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we require to be able to get into this position when we’re using utilize the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have 10 thousand dollars to utilize fine because if we just had a hundred dollar account all right this 587 is already 5x the size of our money value of our account which makes it impossible all right so let’s visit buy 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 happens when we open 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 10 dollars you are safe and you’re doing the right thing okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this take advantage of ability is changing nothing about the risk profile on the trade all right if you intend on trading anyways use the referral Link in the description okay each week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars each week we’re choosing three winners a week alright we’re trying to give the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we reveal the winners okay before we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would advise using when growing a small account all right so the very first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat alright each time you double the account so when you go to 100 approximately 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there till we scale our account up a bit larger the 3rd thing and this is super important is everyone has a mental threshold when it comes to just how much cash 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 says you’re going to begin feeling a little bit emotional about the trades and that’s something that you really wish to prevent until you come comfortable doing that okay so say you work your way as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that pull back to fifty dollars per trade choice that repaired amount once you wish to maintain your capital and just pick an objective each day 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 understand I like to make three that three to 5 thousand dollars each week so I’m utilizing you learn 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 three to five thousand per trade and try to double my earnings okay so let’s get into the bread and butter of the actual 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 alright so if this is our start
first pullback is two largest waves approximately three pullback is four and after that the high is five and the way 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 value I’m gon na click here click back here and then find my aspect of one and you can see the cost 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 boils down through