With low exchange charges. Okx Vs Okex … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or saving features, it also offers remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
You can develop an account that offers 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 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note 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 might certify for discounts.
One big downside of is that it doesn’t disclose fees for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information before continuing. You likely will not recuperate any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not generally confront with standard banking platforms. The best practices for keeping your monetary accounts secure are similar. These include using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of client possessions. It also has offers extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. You will discover a familiar experience at OKX if you have actually 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 significance that if we’re wrong and it continues moving down we’re selling our position which we wish to take earnings at this level what we want to do is discover the distinction between these values and that’s going to give 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 ten dollars and we’re going to divide it by the Okx Vs Okex
difference in between the entry and the stop okay and that’s going to provide us the amount of tokens that we require to buy in order to risk only ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity alright so that implies that in order to find the capital requirement or the amount 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 okay so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we require to be able to get into this position when we’re using take advantage of the only thing it’s changing is just how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account all right this 587 is currently 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 state we wish to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open our utilize okay and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying 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 just thing that we need 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 okay if you plan on trading anyways utilize the recommendation Link in the description all right weekly we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars each week we’re picking three winners a week alright we’re attempting to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is below you can take a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to start taking these trades I wish to go over the guidelines that I would suggest using when growing a small account okay so the very first rule is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 up to 200 fine 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 quantity and utilize that there up until we scale our account up a bit bigger the 3rd thing and this is super crucial is everyone has a psychological threshold 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 psychological about the trades and that’s something that you truly want to prevent up until you come comfy doing that alright so say you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that pull back to fifty dollars per trade choice that repaired amount when you want to maintain your capital and simply choose a goal daily on
the money that you want to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to five thousand dollars each week so I’m utilizing you learn 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 understand a couple years from now go up to a thousand try to make three to 5 thousand per trade and attempt 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 actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai all right however what I wish to do is find a location where I have a freshly developed uptrend first thing that I want to do is recognize my wave count all right so if this is our beginning
very first pullback is two biggest waves approximately 3 pullback is 4 and after that the high is 5 and the way we can look for the top of five is by using a Fibonacci projection 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 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 price action comes down through