With low exchange fees. Okx Wallet Fees … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It likewise uses incredibly high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
You can produce an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different prices 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 big holding in the OKB currency might receive discount rates. Choices, futures, and swaps have their own rate schedules with varying fees.
One big downside of is that it does not reveal costs for withdrawals and deposits. While much of is transparent, hidden cost details are a warning that may 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 details before proceeding. If you accidentally send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you do not typically confront with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts protected are comparable. These consist of using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most client properties. It likewise 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. If you’ve ever signed up for another cryptocurrency exchange or stock market 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 selling our position and that we want to take profit at this level what we want to do is find the difference in between these worths which’s going to give us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Wallet Fees
distinction between the entry and the stop okay which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar quantity alright so that indicates that in order to discover the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and increase it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we require to be able to enter this position when we’re utilizing leverage the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have 10 thousand dollars to use okay due to the fact that if we just had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account which makes it impossible fine so let’s go over to buy bit here let’s say we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open up our take advantage of okay and you’re gon na get this caution that the liquidation is high fine 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 ideal thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is altering nothing about the risk profile on the trade all right if you intend on trading anyways use the referral Link in the description all right each week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars per week we’re selecting three winners a week all right we’re attempting to provide the charges that we’re collecting from the affiliate program back into the community for you people trading with us link is below you can have a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I want to discuss the rules that I would advise using when growing a little account okay so the first guideline is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 up to 200 fine you wish 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 larger the 3rd thing and this is incredibly essential is everybody has a psychological threshold 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 three trades in a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit psychological about the trades and that’s something that you really wish to avoid until you come comfortable doing that fine so say you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can walk that back down to fifty dollars per trade pick that repaired amount when you want to preserve your capital and just select an objective per day on
the cash that you wish to make once you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make three that three to 5 thousand dollars each week so I’m utilizing you learn 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 know a couple years from now move up to a thousand shot 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 real 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 show you one of the setups that I had on xrp when I was in fact in Dubai alright however what I wish to do is discover a location where I have a newly established uptrend first thing that I wish to do is determine my wave count fine so if this is our beginning
first pullback is 2 biggest waves up to 3 pullback is four and after that the high is 5 and the method we can try to find 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 on this link click back here and after that 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 go up to the high of one if our rate action boils down through