With low exchange charges. Okx-t/16-d12N-c … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When participating in staking or saving features, it likewise provides remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
If you remain in a location that works with OKX, you can create an account that gives you access to trade 343 spot currencies.
likewise supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ based upon trade volume and account holdings. 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 qualify for discount rates. Futures, swaps, and options have their own rate schedules with differing fees.
One huge drawback of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, concealed expense information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely will not recover any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t typically face with standard banking platforms. However, the very best practices for keeping your monetary accounts safe are similar. These include using strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for the majority of customer assets. It likewise has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished 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 offering our position and that we want to take earnings at this level what we want to do is find the distinction in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity danger 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-t/16-d12N-c
distinction in between the entry and the stop alright which’s going to provide us the amount of tokens that we require to purchase in order to run the risk of just 10 dollars alright 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 benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have that set dollar quantity alright so that means that in order to discover the capital requirement or the quantity of cash that we require for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here fine 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 require to be able to get into this position when we’re utilizing leverage the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have 10 thousand dollars to use alright due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it difficult okay so let’s go over to purchase bit here let’s state we wish to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open up our leverage alright and you’re gon na get this caution that the liquidation is high all right 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 best thing fine so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this take advantage of ability is altering nothing about the threat profile on the trade fine if you plan on trading anyways use the recommendation Link in the description fine each week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars weekly we’re choosing three winners a week fine we’re attempting to offer the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is listed below you can have a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would advise using when growing a little account alright so the very first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 up to 200 alright you wish 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 bigger the third thing and this is super essential is everyone has a mental threshold when it pertains to how much cash they’re comfortable running the risk of if I’m looking 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 begin feeling a bit emotional about the trades which’s something that you actually want to prevent up until you come comfy doing that all right so state you work your way approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that pull back to fifty dollars per trade choice that fixed quantity as soon as you wish to maintain your capital and just select a goal daily on
the cash that you wish to make as soon as you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to five thousand dollars weekly 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 after that I’ll increase it you understand a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my income okay so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai alright however what I want to do is find a location where I have a recently established uptrend first thing that I want to do is determine my wave count alright so if this is our start
very first pullback is 2 largest waves approximately 3 pullback is four and then the high is 5 and the way we can search for the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find my factor 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