With low exchange charges. Can I Buy Okx … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving functions, it also offers exceptionally high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th biggest 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 regulative and compliance concerns.
If you’re in an area that works with OKX, you can produce an account that provides you access to trade 343 spot currencies.
Supports margin borrowing, 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different prices tiers that vary 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 large holding in the OKB currency may get approved for discount rates. Swaps, futures, and options have their own rate schedules with varying costs.
One huge downside of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, surprise expense information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. You likely won’t recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t typically face with standard banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most customer properties. It likewise has offers additional features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy 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.
wished to purchase 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 which we want to take earnings at this level what we wish to do is find the difference in between these values which’s going to give us.057 then we’re going to take the dollar quantity danger 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 Can I Buy Okx
distinction in between the entry and the stop okay and that’s going to offer us the amount of tokens that we require to purchase in order to run the risk of only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our threat benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity okay so that suggests that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry cost 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 require to be able to enter 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 utilize a 100x take advantage of that means now I have ten thousand dollars to use fine because if we only had a hundred dollar account fine this 587 is already 5x the size of our money value of our account which makes it impossible fine so let’s go over to buy bit here let’s say we wish to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open our take advantage of alright and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this utilize ability is altering absolutely nothing about the danger profile on the trade okay if you plan on trading anyways use the recommendation Link in the description fine every week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re selecting three winners a week alright we’re attempting to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is listed below you can check out our Discord where we reveal the winners okay before we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would recommend utilizing when growing a small account okay so the first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk all right each time you double the account so when you go to 100 approximately 200 okay you wish 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 till we scale our account up a bit larger the 3rd thing and this is incredibly important is everyone has a mental threshold when it comes to just how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to begin feeling a little bit psychological about the trades which’s something that you actually wish to avoid until you come comfy doing that alright so state you work your way up to 200 to 500 to a thousand okay and then 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 choice that fixed amount once you wish to protect your capital and simply pick a goal per day on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars weekly so I’m utilizing you understand 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 shot to make 3 to five thousand per trade and try to double my income okay 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 actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai all right but what I want to do is find a location where I have actually a recently developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
very first pullback is two biggest waves approximately 3 pullback is four and then the high is five and the way 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 then find 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 increase to the high of one if our cost action comes down through