With low exchange fees. Okx V Bitmex Reddit … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. When taking part in staking or conserving features, it also offers exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
If you remain in an area that works with OKX, you can produce an account that gives you access to trade 343 spot currencies.
also supports margin borrowing, earning cryptocurrency through staking and 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 room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that vary based on 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 discounts. Swaps, futures, and choices have their own rate schedules with differing costs.
One big drawback of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check deal details before continuing. You likely won’t recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t typically face with traditional banking platforms. However, the best practices for keeping your monetary accounts secure are similar. These include utilizing strong passwords distinct to every website and app along with 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 client possessions. It also has offers additional functions like the ability 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.
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 selling our position which we wish to take revenue 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 amount danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx V Bitmex Reddit
distinction between the entry and the stop alright and that’s going to give us the amount of tokens that we require to buy in order to risk only ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar quantity okay so that implies that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the amount of coins and increase it by the entry rate 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 money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have 10 thousand dollars to use all right since if we only had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account which makes it impossible alright so let’s visit buy bit here let’s say we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open up our utilize alright 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 running the risk of that 10 dollars you are safe and you’re doing the best thing fine 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 utilize ability is changing nothing about the risk profile on the trade alright if you intend on trading anyways use the recommendation Link in the description alright weekly we do a free gift where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re choosing three winners a week fine we’re trying to give the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is below you can check out our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to begin taking these trades I wish to go over the guidelines that I would advise using when growing a little account okay so the first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 up to 200 all right you want 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 until we scale our account up a bit bigger the third thing and this is incredibly crucial is everyone has a psychological limit when it comes 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 math states you’re going to start feeling a bit emotional about the trades which’s something that you actually wish to prevent till you come comfortable doing that fine so say you work your way up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that pull back to fifty dollars per trade choice that fixed quantity when you want to protect your capital and just select a goal daily on
the cash that you wish to make once 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 five thousand dollars each week 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 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 earnings fine so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the markets 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 an area where I have actually a newly developed uptrend first thing that I want to do is identify my wave count fine so if this is our start
first pullback is 2 largest waves as much as three pullback is four and after that the high is 5 and the way we can try to find the top of five is by utilizing 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 find my element 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 comes down through