With low exchange fees. Caduceus Okx … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When taking part in staking or saving functions, it likewise offers extremely 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 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 concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 not enough room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various rates tiers that differ 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 large holding in the OKB currency may receive discounts. Swaps, options, and futures have their own rate schedules with varying fees.
One huge disadvantage of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, concealed expense information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details before continuing. You likely will not recover any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not usually confront with traditional banking platforms. The best practices for keeping your financial accounts protected are comparable. These include using strong passwords special 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 cold storage for a lot of consumer assets. It likewise has offers additional functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished 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 selling our position and that we want to take revenue at this level what we wish 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 threat we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Caduceus Okx
distinction in between the entry and the stop alright and that’s going to offer us the amount of tokens that we require to purchase in order to risk only ten dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our threat benefit and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar amount alright so that indicates that in order to discover the capital requirement or the amount of money that we need for this trade we have to take the amount of coins and multiply it by the entry rate which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s changing is how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have ten thousand dollars to utilize alright due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our money value of our account that makes it difficult okay so let’s visit purchase bit here let’s state 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 see what takes place when we open our leverage fine and you’re gon na get this caution 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 fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this leverage capability is altering absolutely nothing about the risk profile on the trade all right if you plan on trading anyways use the recommendation Link in the description fine weekly we do a free gift where anybody trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars weekly we’re choosing three winners a week fine we’re attempting to give the charges that we’re collecting from the affiliate program back into the community for you people trading with us connect 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 begin taking these trades I wish to go over the rules that I would recommend utilizing when growing a small account all right so the very first guideline is begin with the dollar amount threat per trade 10 of starting 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 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there until we scale our account up a bit bigger 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 says you’re going to begin feeling a bit psychological about the trades which’s something that you truly wish to avoid till you come comfy doing that fine so state you work your method up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can stroll that pull back to fifty dollars per trade pick that repaired quantity once you wish to preserve your capital and simply select a goal per day on
the money that you wish to make when you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make three that 3 to five thousand dollars per 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 after that I’ll increase it you understand a couple years from now go up to a thousand try to make three to 5 thousand per trade and try to double my earnings all right so let’s enter into the support of the real 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 reveal you one of the setups that I had on xrp when I was really in Dubai all right however what I want to do is discover an area where I have a recently developed uptrend first thing that I wish to do is identify my wave count fine so if this is our start
very first pullback is 2 largest waves approximately three pullback is 4 and then the high is 5 and the way we can look for the top of 5 is by utilizing a Fibonacci forecast 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 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 cost action comes down through