With low exchange fees. Qsms Okx … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When participating in staking or conserving functions, it likewise offers remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices worldwide. 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 don’t take users from the United States due to regulatory and compliance issues.
If you’re in a location that deals with OKX, you can develop an account that offers you access to trade 343 area currencies.
also supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could 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 space 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 various rates tiers that vary based upon 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 qualify for discount rates. Options, futures, and swaps have their own rate schedules with differing fees.
One huge downside of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, surprise cost information 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 constantly double-check transaction information before continuing. You likely will not recuperate any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not generally confront with standard banking platforms. The best practices for keeping your monetary accounts secure are comparable. These include utilizing strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of consumer properties. It also has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond 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.
wanted 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 wish to take profit at this level what we wish to do is find the difference between these values which’s going to offer us.057 then we’re going to take the dollar amount threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Qsms Okx
distinction in between the entry and the stop all right which’s going to give us the quantity of tokens that we need to purchase in order to run the risk of just 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have that set dollar quantity fine so that suggests that in order to find the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied 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 altering is just how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have ten thousand dollars to utilize okay because if we only had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account that makes it impossible okay so let’s go over to purchase bit here let’s state we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open our take advantage of alright and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing fine so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account alright so this utilize capability is changing nothing about the risk profile on the trade fine if you intend on trading anyways utilize the referral Link in the description all right weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars each week we’re choosing three winners a week fine we’re attempting to offer the costs that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can check out our Discord where we announce the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would suggest using when growing a small account all right so the first rule is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 approximately 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is very crucial is everyone has a mental limit when it pertains to just how much money they’re comfortable risking 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 bit emotional about the trades and that’s something that you actually wish to avoid till you come comfy doing that alright so say you work your way as much as 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that pull back to fifty dollars per trade choice that repaired quantity as soon as you wish to maintain your capital and simply choose an objective each day on
the money that you want to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make three that three to 5 thousand dollars weekly so I’m using you learn about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you understand a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my earnings okay so let’s get into the support of the real trading this is a system that I’ve been trading the marketplaces 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 actually in Dubai okay however what I wish to do is discover a location where I have a newly developed uptrend first thing that I want to do is recognize my wave count fine so if this is our beginning
very first pullback is 2 largest waves approximately 3 pullback is 4 and after that the high is five and the way we can search 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 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 cost action boils down through