With low exchange fees. Okx Trading Uk … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When taking part in staking or saving features, it also offers incredibly high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
You can produce an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin borrowing, making 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that vary based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might get approved for discounts. Options, futures, and swaps have their own rate schedules with varying charges.
One big disadvantage of is that it does not disclose costs for deposits and withdrawals. While much of is transparent, surprise expense details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. You likely will not recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t usually face with standard banking platforms. However, the very best practices for keeping your financial accounts safe and secure are similar. These include using strong passwords unique to every site 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 most client assets. It also has offers additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 selling our position which we wish to take revenue at this level what we wish to do is find the distinction between these worths which’s going to provide us.057 then we’re going to take the dollar quantity 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 Trading Uk
distinction in between the entry and the stop okay which’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of only ten dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk 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 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 have to take the amount of coins and increase it by the entry cost which is this level here alright so in this case we’re going to take 175 coins multiplied 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 utilizing utilize the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have ten thousand dollars to utilize fine due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our money worth of our account which makes it impossible all right so let’s visit purchase bit here let’s say we want to take this ape trade here fine 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 up our utilize okay and you’re gon na get this warning 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 alright so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is changing nothing about the threat profile on the trade alright if you plan on trading anyways utilize the recommendation Link in the description alright each week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars each week we’re picking 3 winners a week fine we’re attempting to provide the fees that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can take a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would advise utilizing when growing a small account alright so the first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 approximately 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there until we scale our account up a bit bigger the 3rd thing and this is extremely essential is everybody has a mental threshold when it pertains to how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to begin feeling a little bit emotional about the trades and that’s something that you truly wish to avoid till you come comfy doing that alright so state you work your method approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that back down to fifty dollars per trade choice that repaired quantity once you want to maintain your capital and simply choose a goal each day on
the cash that you wish to make as soon as you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to 5 thousand dollars weekly so I’m utilizing 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 understand a couple years from now move up to a thousand shot to make three to five thousand per trade and try to double my income all right so let’s get into the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai okay however what I want to do is find a location where I have a freshly developed uptrend first thing that I wish to do is identify my wave count all right so if this is our beginning
very first pullback is two biggest waves up to three pullback is four and then the high is five and the method we can try to find the top of 5 is by utilizing 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 after that find my factor of one and you can see the rate 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 price action boils down through