With low exchange costs. Okx Scan … With an account at, you can quickly purchase crypto using a card, bank 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 preserves a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 regulatory and compliance issues.
If you remain in an area that deals with OKX, you can develop an account that provides you access to trade 343 spot currencies.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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 may qualify for discount rates.
One big downside of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, covert cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check deal details before continuing. If you unintentionally send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you do not usually confront with standard banking platforms. However, the best practices for keeping your monetary accounts protected are similar. These include using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of customer possessions. It also has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 selling our position and that we want to take profit at this level what we wish to do is find the distinction in between these values and that’s going to give us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Scan
difference between the stop and the entry alright which’s going to provide us the amount of tokens that we need to purchase in order to risk only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have that set dollar amount alright so that suggests that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have 10 thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account that makes it difficult all right so let’s go over to buy bit here let’s say we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see 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 okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage capability is changing nothing about the threat profile on the trade fine if you intend on trading anyways use the recommendation Link in the description fine weekly we do a free gift where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re choosing three winners a week fine we’re attempting to give the costs that we’re collecting from the affiliate program back into the community for you people trading with us connect is below you can have a look at our Discord where we reveal the winners okay before we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would recommend using when growing a little account all right so the very first rule is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk alright each time you double the account so when you go to 100 up to 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up until we scale our account up a bit bigger the 3rd thing and this is extremely essential is everyone has a psychological limit when it concerns 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 math states you’re going to begin feeling a bit emotional about the trades and that’s something that you truly want to avoid up until you come comfortable doing that okay so state you work your way approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that pull back to fifty dollars per trade choice that fixed amount once you wish to maintain your capital and just select a goal per day on
the money that you want to make once you get up to a comfortable threshold where it’s fitting your income goals 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 know a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt to double my earnings all right so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai all right however what I want to do is discover an area where I have a recently developed uptrend first thing that I want to do is identify my wave count fine so if this is our beginning
first pullback is 2 largest waves approximately three pullback is 4 and after that the high is 5 and the way we can try to find the top of 5 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 after that discover my element 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 rate action comes down through