With low exchange charges. Okx Vault … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When taking part in staking or conserving features, it likewise provides remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th biggest 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 regulatory and compliance concerns.
You can develop an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
likewise supports margin loaning, earning cryptocurrency through staking and cost 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 not enough space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may certify for discounts.
One huge downside of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, surprise cost details are a warning that may send you to another exchange with transparent cost 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 unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t generally face with standard banking platforms. The finest practices for keeping your financial accounts protected are similar. These include utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for most client possessions. It likewise has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond 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 purchase 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 and that we want to take profit at this level what we want to do is discover the distinction in between these values and that’s going to offer us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Vault
distinction between the stop and the entry fine which’s going to provide us the quantity of tokens that we need to buy in order to run the risk of only 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar quantity fine so that indicates that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here all right 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 get into this position when we’re using take advantage of the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have ten thousand dollars to use fine because if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account which makes it impossible alright so let’s visit purchase bit here let’s state we wish 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 see what takes place when we open up our utilize fine and you’re gon na get this warning that the liquidation is high okay 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 all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this leverage capability is changing nothing about the danger profile on the trade all right if you intend on trading anyways use the referral Link in the description okay weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars per week we’re selecting 3 winners a week fine we’re attempting to give the charges that we’re collecting from the affiliate program back into the community for you men trading with us connect is listed 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 start taking these trades I want to review the rules that I would advise using when growing a small account all right so the first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there up until we scale our account up a little bit bigger the 3rd thing and this is very essential is everybody has a psychological limit 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 3 sell a row I don’t care who you are or what the math states you’re going to start feeling a little bit emotional about the trades which’s something that you truly wish to prevent until you come comfy doing that fine so say you work your way up to 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that back down to fifty dollars per trade choice that repaired quantity as soon as you wish to maintain your capital and simply choose a goal each day on
the cash that you want to make when 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 five thousand dollars each week so I’m utilizing you understand 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 understand a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and try to double my income all right so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai fine however what I want to do is discover a location where I have a newly established uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is 2 largest waves up to 3 pullback is 4 and then 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 on this link click back here and then discover 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 increase to the high of one if our rate action comes down through