With low exchange charges. Okx Wallet App … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. It also provides exceptionally high yields in some cases when taking part in staking or conserving features.
was founded in 2017 and keeps a head office in Seychelles, with extra offices all over 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 do not take users from the United States due to regulative and compliance issues.
If you’re in a location that works with OKX, you can develop an account that provides you access to trade 343 spot currencies.
also 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. 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 not enough room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ 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 big holding in the OKB currency may get approved for discounts. Futures, choices, and swaps have their own rate schedules with varying fees.
One big drawback of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, hidden cost details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you inadvertently send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you do not usually confront with traditional banking platforms. However, the very best practices for keeping your monetary accounts safe are comparable. These consist of utilizing strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many consumer possessions. It also has deals extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 offering our position and that we want to take earnings at this level what we wish to do is find the difference between these worths which’s going to offer us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Wallet App
difference in between the entry and the stop all right and that’s going to offer us the amount of tokens that we require to buy in order to risk just ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity alright so that indicates that in order to discover 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 rate 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 give us 587 dollars then we require to be able to get into this position when we’re using leverage the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have 10 thousand dollars to utilize alright due to the fact that if we just had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account that makes it difficult fine so let’s visit buy bit here let’s state we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open up our leverage alright and you’re gon na get this warning that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing okay so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this utilize capability is changing nothing about the risk profile on the trade alright if you plan on trading anyways use the referral Link in the description fine each week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars each week we’re picking 3 winners a week fine we’re attempting to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is listed below you can have a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to start taking these trades I want to discuss the rules that I would recommend using when growing a small account fine so the first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk fine each time you double the account so when you go to 100 up to 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there up until we scale our account up a little bit larger the third thing and this is very essential is everyone has a psychological threshold when it comes to 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 three trades in a row I don’t care who you are or what the math says you’re going to start feeling a little bit emotional about the trades and that’s something that you actually want to avoid till you come comfy doing that okay so say you work your method approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that pull back to fifty dollars per trade pick that fixed quantity once you wish to protect your capital and just pick an objective each day on
the cash that you want to make once you get up to a comfortable 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 weekly so I’m utilizing you know 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 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 enter the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai all right however what I want to do is discover an area where I have a recently developed uptrend first thing that I wish to do is determine my wave count fine so if this is our start
very first pullback is 2 biggest waves up to 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 worth I’m gon na click here click back here and then find my element of one and you can see the rate 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