With low exchange fees. Okx Us Residentrs … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It also uses extremely high yields in many cases when participating in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world 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 a location that deals with OKX, you can create an account that offers you access to trade 343 spot currencies.
likewise supports margin borrowing, earning cryptocurrency through staking and cost 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 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 qualify for discounts.
One big drawback of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, covert cost details 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 inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t generally face with traditional banking platforms. The finest practices for keeping your monetary accounts secure are similar. These include utilizing strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of consumer properties. It likewise has offers additional features like the capability 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’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wanted to buy apecoin at this level put our stop loss down at this level significance that if we’re wrong and it continues moving down we’re offering our position which we want to take earnings at this level what we wish to do is discover the difference in between these worths and that’s going to offer us.057 then we’re going to take the dollar amount 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 Us Residentrs
difference between the entry and the stop all right which’s going to provide us the amount of tokens that we require to purchase in order to run the risk of only ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our threat reward 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 indicates that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the quantity of coins and increase it by the entry price which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we require to be able to enter into this position when we’re utilizing take advantage of the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have ten thousand dollars to utilize okay because if we just had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account that makes it difficult fine so let’s go over to purchase bit here let’s state 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 watch what occurs when we open our utilize alright 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 running the risk of that 10 dollars you are safe and you’re doing the best thing alright so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account okay so this take advantage of capability is altering absolutely nothing about the threat profile on the trade fine if you intend on trading anyways use the referral Link in the description okay every week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re picking three winners a week alright we’re attempting to give the charges that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can take a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I want to review the rules that I would advise using when growing a little account alright so the very first guideline is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 approximately 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there up until we scale our account up a bit larger the third thing and this is incredibly essential is everyone has a mental threshold when it comes to just 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 sell a row I don’t care who you are or what the math says you’re going to begin feeling a little bit psychological about the trades which’s something that you really want to prevent up until you come comfy doing that fine so say you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can stroll that back down to fifty dollars per trade choice that repaired amount as soon as you wish to preserve your capital and just choose an objective each day on
the money that you want to make when you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make three that three to 5 thousand dollars weekly so I’m using you understand 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 know a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my income alright 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 show you one of the setups that I had on xrp when I was actually in Dubai fine but what I want to do is discover an area where I have a newly established uptrend first thing that I wish to do is determine my wave count fine so if this is our start
first pullback is 2 largest waves approximately 3 pullback is four and then the high is five and the way we can look for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and then 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 go up to the high of one if our price action boils down through