With low exchange charges. Okx Szafy … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving functions, it likewise uses exceptionally high yields in some cases.
was founded in 2017 and preserves 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 countries. They do not take users from the United States due to regulative and compliance concerns.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
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. 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 inadequate space to list them all in our OKX evaluation. 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 large holding in the OKB currency may certify for discounts.
One huge downside of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, concealed cost information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal information before proceeding. You likely won’t recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not normally confront with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are comparable. 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, including cold storage for the majority of consumer properties. It likewise has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 want to take revenue at this level what we want to do is find the difference between these values and that’s going to give 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 Szafy
distinction in between the stop and the entry okay which’s going to provide us the amount of tokens that we need to purchase in order to risk only ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have that set dollar amount all right so that indicates that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and multiply 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 into this position when we’re using leverage the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have 10 thousand dollars to use okay because if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account which makes it impossible fine so let’s go over to buy bit here let’s state 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 watch what takes place when we open up our take advantage of okay and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this take advantage of ability is altering nothing about the threat profile on the trade fine if you intend on trading anyways utilize the recommendation Link in the description all right each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re choosing 3 winners a week okay we’re attempting to give the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is below you can have a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would advise utilizing when growing a small account all right so the first rule is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk okay each time you double the account so when you go to 100 as much as 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 use that there till we scale our account up a little bit larger the third thing and this is incredibly crucial is everyone has a mental limit when it pertains to how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math states you’re going to start feeling a bit emotional about the trades which’s something that you truly wish to avoid up until you come comfortable doing that all right so say you work your method as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can walk that pull back to fifty dollars per trade choice that repaired amount as soon as you want to preserve your capital and simply 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 income objectives so for me personally you know I like to make 3 that three to 5 thousand dollars per 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 then I’ll increase it you know a couple years from now go up to a thousand shot to make three to 5 thousand per trade and attempt to double my income all right so let’s get into the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually 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 okay however what I wish to do is find an area where I have a recently developed uptrend first thing that I wish to do is recognize my wave count fine so if this is our beginning
first pullback is two largest waves approximately three pullback is four and then the high is five and the way we can look for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and after that discover 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 rate action boils down through