With low exchange charges. Sàn Okx Là Gì … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It likewise provides remarkably high yields sometimes when participating in staking or conserving features.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can create an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
likewise supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming 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 location 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 pricing tiers that differ based on 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 discount rates. Futures, swaps, and options have their own rate schedules with differing fees.
One huge downside of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal details prior to continuing. If you mistakenly send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you do not typically face with standard banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These include using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for a lot of client properties. It also has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 wish to take profit at this level what we want to do is discover the difference in between these worths and that’s going to provide 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 Sàn Okx Là Gì
difference between the stop and the entry all right which’s going to provide us the amount of tokens that we need to purchase in order to risk only 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar quantity okay so that means that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the quantity of coins and increase it by the entry cost which is this level here all right 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 need to be able to get into this position when we’re utilizing utilize the only thing it’s altering is how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that implies 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 money worth of our account which makes it impossible okay so let’s visit purchase bit here let’s say we wish 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 takes place when we open up our leverage fine and you’re gon na get this warning that the liquidation is high fine 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 ideal thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of capability is altering absolutely nothing about the risk profile on the trade all right if you intend on trading anyways utilize the referral Link in the description alright each week we do a free gift where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars each week we’re selecting 3 winners a week all right we’re attempting to give the charges that we’re collecting from the affiliate program back into the community for you guys trading with us link is listed below you can have a look at our Discord where we announce the winners okay before we hop into the trading system that you can use to start taking these trades I want to review the rules that I would advise using when growing a small account okay so the very first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk all right each time you double the account so when you go to 100 approximately 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there until we scale our account up a little bit bigger the 3rd thing and this is extremely crucial is everyone 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 sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit psychological about the trades which’s something that you truly want to prevent up until you come comfortable doing that alright so state 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 all right 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 a goal each day on
the cash that you wish to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you understand I like to make three that three to five thousand dollars each week so I’m using you know 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 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 income fine so let’s enter into the support of the actual trading this is a system that I have actually 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 really in Dubai okay but what I want to do is find an area where I have actually a freshly developed uptrend first thing that I want to do is identify my wave count alright so if this is our start
very first pullback is 2 largest waves up to three pullback is four and after that the high is 5 and the method we can search for the top of five is by utilizing 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 aspect 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 go up to the high of one if our rate action comes down through