With low exchange fees. Okx Referral Code 2021 … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When taking part in staking or saving features, it likewise offers extremely high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 regulative and compliance issues.
You can produce an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could 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 insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 qualify for discount rates.
One huge downside of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, hidden cost details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you inadvertently send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t normally confront with standard banking platforms. However, the best practices for keeping your monetary accounts protected are similar. These include utilizing strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most consumer properties. It likewise has offers extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 and that we wish to take profit at this level what we want to do is discover the difference between these values which’s going to offer us.057 then we’re going to take the dollar quantity threat 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 Referral Code 2021
difference between the entry and the stop fine which’s going to give us the amount of tokens that we require to purchase in order to run the risk of just ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar amount alright so that implies that in order to discover the capital requirement or the amount 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 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 utilizing utilize the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have ten thousand dollars to use alright due to the fact that if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account that makes it impossible okay so let’s go over to purchase bit here let’s say we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open up our leverage all right and you’re gon na get this warning that the liquidation is high okay 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 require to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of ability is changing absolutely nothing about the risk profile on the trade all right if you intend on trading anyways utilize the referral Link in the description okay every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars weekly we’re selecting three winners a week okay we’re trying to provide the fees that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can check out our Discord where we announce the winners fine before we hop into the trading system that you can utilize to start taking these trades I want to review the rules that I would recommend utilizing when growing a little account okay so the first guideline is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 as much as 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there until we scale our account up a bit larger the 3rd thing and this is extremely crucial is everybody 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 3 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 truly wish to avoid up until you come comfy doing that okay so say you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can stroll that back down to fifty dollars per trade pick that fixed quantity when you wish to maintain your capital and just select a goal per day on
the cash that you want to make once you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to 5 thousand dollars per week so I’m using you know 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 understand a couple years from now move up to a thousand shot to make 3 to five thousand per trade and attempt to double my earnings okay so let’s enter the support 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 actually in Dubai fine however what I want to do is find a location where I have a newly established uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is 2 biggest waves up to 3 pullback is 4 and then the high is five and the method we can look for the top of 5 is by utilizing 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 then 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 go up to the high of one if our rate action comes down through