With low exchange charges. Okx Xch … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It likewise provides incredibly high yields in many cases when participating in staking or conserving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in an area that works with OKX, you can produce an account that gives you access to trade 343 spot currencies.
also supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 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 evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that vary based upon trade volume and account holdings. 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 qualify for discounts. Swaps, choices, and futures have their own rate schedules with differing costs.
One huge drawback of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, concealed cost information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information before proceeding. If you mistakenly send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security issues you do not normally confront with conventional banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are similar. These include using strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for the majority of consumer properties. It likewise has deals extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished to purchase apecoin at this level put our stop loss down at this level meaning 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 find the difference between these values and that’s going to offer us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Xch
distinction in between the entry and the stop alright which’s going to provide us the amount of tokens that we need to purchase in order to risk only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our risk benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have that set dollar quantity okay so that indicates that in order to discover the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and multiply 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 offer us 587 dollars then we require to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have ten thousand dollars to use fine because if we just had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account that makes it impossible fine so let’s visit buy 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 watch what happens when we open our leverage okay and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is changing nothing about the danger profile on the trade all right if you intend on trading anyways utilize the recommendation Link in the description alright each week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars weekly we’re picking three winners a week okay we’re trying to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is below you can check out our Discord where we reveal the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to go over the guidelines that I would advise utilizing when growing a little account okay so the first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 up to 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a little bit bigger the 3rd thing and this is extremely important is everybody has a psychological limit when it pertains to how much money they’re comfortable running the risk of if I’m taking a look 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 mathematics states you’re going to begin feeling a bit emotional about the trades which’s something that you really wish to avoid till you come comfy doing that okay so say you work your method approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that pull back to fifty dollars per trade choice that fixed quantity when you wish to preserve your capital and just pick a goal each day on
the cash that you want to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars each week so I’m using 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 know a couple years from now go up to a thousand shot to make three to five thousand per trade and try to double my earnings okay so let’s enter into the support 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 absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai alright but what I wish to do is find a location where I have a recently established uptrend first thing that I want to do is recognize my wave count okay so if this is our beginning
very 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 5 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 element 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 price action boils down through