With low exchange fees. About Okx … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. When participating in staking or conserving functions, it also offers incredibly high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 regulatory and compliance concerns.
If you remain in a location that deals with OKX, you can create an account that provides you access to trade 343 area currencies.
Supports margin borrowing, earning cryptocurrency through staking and 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 certify for discount rates.
One big disadvantage of is that it does not divulge costs for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal information prior to continuing. If you accidentally send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you don’t normally face with conventional banking platforms. However, the best practices for keeping your monetary accounts safe are similar. These consist of 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, consisting of cold storage for a lot of consumer possessions. It also has deals extra features like the capability to set up 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’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished 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 selling our position which we wish to take revenue at this level what we want to do is discover the difference between these worths which’s going to offer us.057 then we’re going to take the dollar quantity risk we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the About Okx
distinction in between the entry and the stop all right and that’s going to give us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our danger reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have actually that set dollar quantity okay so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and increase it by the entry price 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 offer us 587 dollars then we require to be able to get into this position when we’re using take advantage of the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have 10 thousand dollars to utilize fine because if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account that makes it difficult fine so let’s visit buy bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what occurs when we open our leverage okay and you’re gon na get this caution that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re risking 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 fine so this utilize ability is changing absolutely nothing about the danger profile on the trade fine if you intend on trading anyways use the referral Link in the description okay each week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars weekly we’re choosing three winners a week all right we’re trying to offer the charges that we’re collecting from the affiliate program back into the community for you men trading with us link is below you can take a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can use to start taking these trades I wish to go over the rules that I would suggest utilizing when growing a little account all right so the first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there up until we scale our account up a bit larger the third thing and this is incredibly essential is everybody has a mental limit when it comes to just how much money they’re comfortable risking if I’m looking 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 math states you’re going to begin feeling a bit emotional about the trades which’s something that you really wish to avoid until you come comfortable doing that all right 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 and that’s excessive for you okay you can stroll that back down to fifty dollars per trade pick that fixed quantity once you want to preserve your capital and simply choose an objective daily on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you understand I like to make 3 that three to five thousand dollars per week so I’m using you understand 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 go up to a thousand try to make three to 5 thousand per trade and try to double my income okay so let’s enter 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 absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai alright but what I wish to do is find an area where I have actually a newly developed uptrend first thing that I want to do is recognize my wave count all right so if this is our start
first pullback is two biggest waves up to three pullback is four and then the high is 5 and the way we can try to find the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover my factor 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 increase to the high of one if our price action boils down through