With low exchange costs. Okx Scammed … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It also provides extremely high yields in some cases when taking part in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
If you’re in an area that deals with OKX, you can create an account that provides you access to trade 343 spot currencies.
also supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 not enough space to list them all in our OKX review. There are 343 currencies on the exchange overall.
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 certify for discounts.
One big disadvantage of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, covert cost details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal information prior to proceeding. You likely won’t recuperate any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t normally face with conventional banking platforms. The best practices for keeping your monetary accounts secure are similar. These consist of using 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, consisting of cold storage for a lot of consumer assets. It also has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond 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.
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 selling our position and that we wish to take profit at this level what we want to do is discover the difference in between these worths which’s going to provide us.057 then we’re going to take the dollar amount threat we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Scammed
distinction between the stop and the entry fine and that’s going to provide us the amount of tokens that we need to purchase in order to risk just ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity fine 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 increase it by the entry cost which is this level here okay 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 utilize the only thing it’s altering is how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have 10 thousand dollars to utilize all right due to the fact that if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account that makes it impossible fine so let’s go over to buy bit here let’s say we wish 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 see what takes place when we open our leverage alright and you’re gon na get this warning 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 best thing okay so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is changing absolutely nothing about the threat profile on the trade alright if you intend on trading anyways use the referral Link in the description fine weekly we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re choosing three winners a week alright we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you men trading with us link is below you can take a look at our Discord where we reveal the winners fine before we hop into the trading system that you can use to begin taking these trades I wish to discuss the guidelines that I would suggest using when growing a small account all right so the first guideline is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat all right each time you double the account so when you go to 100 up to 200 alright you wish 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 until we scale our account up a little bit larger the 3rd thing and this is super essential is everyone has a mental threshold when it concerns just how much money they’re comfortable risking 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 math states you’re going to begin feeling a bit emotional about the trades and that’s something that you really want to prevent up until you come comfortable doing that alright so state 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 excessive for you okay you can walk that pull back to fifty dollars per trade choice that fixed quantity once you wish to maintain your capital and simply select a goal per day on
the money that you wish to make when 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 using you learn 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 go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings all right so let’s enter the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai fine but what I want to do is discover an area where I have actually a freshly established uptrend first thing that I wish to do is recognize my wave count fine so if this is our start
very first pullback is 2 largest waves as much as three pullback is 4 and after that the high is 5 and the method we can search for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that discover my factor 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 go up to the high of one if our cost action comes down through