With low exchange fees. Okx Singapore Office Address … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it also provides extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
If you’re in a location that works with OKX, you can produce an account that provides you access to trade 343 spot currencies.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX review. There are 343 currencies on the exchange total.
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 certify for discounts.
One big drawback of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal information prior to continuing. If you unintentionally send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security issues you do not normally confront with traditional banking platforms. However, the best practices for keeping your financial accounts secure are similar. These consist of utilizing strong passwords unique to every website and app alongside 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 offers extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market 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 which we want to take profit at this level what we wish to do is discover the difference between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Singapore Office Address
difference in between the entry and the stop all right which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to dial in our danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have actually that set dollar quantity fine so that implies that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and increase it by the entry cost which is this level here all right 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 using take advantage of the only thing it’s altering is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have 10 thousand dollars to use fine due to the fact that if we only had a hundred dollar account fine this 587 is currently 5x the size of our money 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 all right 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 our leverage okay and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this leverage ability is changing nothing about the danger profile on the trade all right if you intend on trading anyways use the recommendation Link in the description okay each week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars each week we’re choosing three winners a week okay we’re attempting to give the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is below you can take a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I want to go over the guidelines that I would advise utilizing when growing a little account all right so the first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat okay each time you double the account so when you go to 100 approximately 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there until we scale our account up a bit larger the 3rd thing and this is super crucial is everyone has a mental threshold when it pertains 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 3 sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit emotional about the trades which’s something that you truly wish to prevent up until you come comfy doing that alright so state you work your way up to 200 to 500 to a thousand alright 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 pick that repaired amount as soon as you want to protect your capital and simply choose a goal per day on
the money that you want to make when you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five 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 then I’ll increase it you understand a couple years from now go up to a thousand try to make three to five thousand per trade and try to double my earnings alright so let’s enter the support of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have actually absolutely 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 wish to do is discover an area where I have actually a freshly developed uptrend first thing that I want to do is identify my wave count all right so if this is our start
first pullback is two biggest waves up to three pullback is four and after that the high is 5 and the way we can try to find 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 on this link 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 increase to the high of one if our cost action comes down through