With low exchange charges. Okx Verification Limits … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When participating in staking or conserving features, it also uses incredibly high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance issues.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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 might qualify for discount rates.
One huge downside of is that it doesn’t reveal fees for withdrawals and deposits. While much of is transparent, concealed cost information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you unintentionally send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you don’t typically face with conventional banking platforms. However, the best practices for keeping your monetary accounts safe and secure are similar. These consist of using strong passwords distinct 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 a lot of consumer properties. It likewise has offers extra features like the capability to set up 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 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 significance that if we’re wrong and it continues moving down we’re offering our position and that we want to take revenue at this level what we wish to do is discover the distinction between these values and that’s going to offer us.057 then we’re going to take the dollar amount risk 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 Verification Limits
difference in between the stop and the entry all right and that’s going to provide us the amount of tokens that we require to purchase in order to risk just 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability 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 actually that set dollar quantity all right so that suggests that in order to find the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter into this position when we’re utilizing utilize the only thing it’s altering is how much cash we personally need to take 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 fine due to the fact that if we just had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it impossible all right so let’s go over to purchase bit here let’s state we want to take this ape trade here okay we require 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 take advantage of 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 ideal thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this take advantage of capability is changing nothing about the risk profile on the trade all right if you plan on trading anyways use the referral Link in the description okay every week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars weekly we’re selecting 3 winners a week all right we’re trying to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would recommend utilizing when growing a small account fine so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 as much as 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there up until we scale our account up a bit larger the third thing and this is super important is everyone has a psychological limit when it concerns just how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math says you’re going to begin feeling a bit emotional about the trades which’s something that you truly wish to prevent till you come comfy doing that all right so say you work your method up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade choice that repaired quantity once you wish to maintain your capital and simply select a goal daily on
the cash that you want to make as soon as you get up to a comfy threshold 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 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 move up to a thousand shot to make 3 to five 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 have actually been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai okay however what I want to do is find an area where I have actually a recently established uptrend first thing that I wish to do is recognize my wave count okay so if this is our beginning
first pullback is 2 largest waves as much as 3 pullback is four and after that the high is five and the way we can look for the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and after that find my aspect of one and you can see the cost 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 cost action boils down through