With low exchange fees. When Are Network Fees Lowest On Okx … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. It also offers remarkably high yields sometimes when participating in staking or saving features.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site declares 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 remain in an area that deals with OKX, you can create an account that offers you access to trade 343 area currencies.
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 note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may certify for discounts.
One big drawback of is that it does not reveal costs for withdrawals and deposits. While much of is transparent, concealed cost information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. If you unintentionally send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t usually face with traditional banking platforms. The finest practices for keeping your monetary accounts protected are similar. These include using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of consumer assets. It also has offers extra features 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 discover a familiar experience at OKX if you’ve 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 meaning that if we’re wrong and it continues moving down we’re offering our position and that we wish to take revenue at this level what we want to do is discover the difference between these values and that’s going to provide us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the When Are Network Fees Lowest On Okx
difference in between the entry and the stop okay and that’s going to offer us the quantity of tokens that we need to buy in order to risk just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to call in our danger reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar quantity okay so that suggests that in order to discover the capital requirement or the amount of cash 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 okay so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s altering 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 take advantage of that indicates now I have 10 thousand dollars to utilize okay because if we only had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account that makes it difficult fine so let’s visit purchase bit here let’s state we want to take this ape trade here all right 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 warning 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 10 dollars you are safe and you’re doing the best thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account okay so this leverage ability is altering absolutely nothing about the threat profile on the trade alright if you intend on trading anyways utilize the referral Link in the description alright each week we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars each week we’re choosing three winners a week okay we’re attempting to offer the fees that we’re gathering from the affiliate program back into the community for you people trading with us link is listed below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can utilize to begin taking these trades I want to discuss the guidelines that I would suggest using when growing a little account alright so the very first guideline is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 up to 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit larger the third thing and this is extremely essential is everybody has a psychological threshold when it comes to just how much cash 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 mathematics says you’re going to begin feeling a little bit emotional about the trades which’s something that you truly want to prevent up until you come comfy doing that fine so say you work your method approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that back down to fifty dollars per trade choice that repaired quantity once you want to preserve your capital and just select an objective daily on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five thousand dollars weekly so I’m utilizing you learn about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings all right so let’s get into the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai fine however what I want to do is discover an area where I have a recently established uptrend first thing that I wish to do is determine my wave count alright so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is four and after that the high is 5 and the method we can look 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 after that find 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 cost action boils down through