With low exchange costs. Can You Earn Interest On Okx Pro … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When participating in staking or conserving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance issues.
You can create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin loaning, earning 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 insufficient room 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 differ based upon 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 might receive discounts. Futures, swaps, and alternatives have their own rate schedules with varying fees.
One huge drawback of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, hidden cost details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you unintentionally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you do not normally confront with standard banking platforms. However, the very best practices for keeping your monetary accounts safe and secure are similar. These consist of using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for a lot of client possessions. It likewise has offers additional functions like the capability to establish 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 signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover 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 offering our position and that we want to take profit at this level what we want to do is find the difference in between these values which’s going to provide us.057 then we’re going to take the dollar amount danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Can You Earn Interest On Okx Pro
difference in between the stop and the entry alright which’s going to give us the amount of tokens that we need to purchase in order to risk just ten dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to call in our risk reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar quantity alright so that means that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’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 just how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have 10 thousand dollars to utilize alright because if we only had a hundred dollar account alright this 587 is already 5x the size of our money value of our account that makes it difficult fine so let’s visit buy 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 view what takes place when we open our utilize all right and you’re gon na get this caution that the liquidation is high okay 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 ideal thing fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is changing absolutely nothing about the threat profile on the trade okay if you plan on trading anyways use the recommendation Link in the description okay every week we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars per week we’re selecting 3 winners a week all right we’re attempting to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is listed below you can have a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the guidelines that I would recommend using when growing a little account all right so the first rule is begin with the dollar quantity threat 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 as much as 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there until we scale our account up a little bit bigger the third thing and this is super crucial is everyone has a mental limit when it pertains to just 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 three trades in a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit psychological about the trades which’s something that you truly wish to prevent until you come comfy doing that alright so state 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 which’s excessive for you okay you can walk that pull back to fifty dollars per trade pick that repaired quantity as soon as you want to preserve your capital and simply pick a goal daily 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 understand I like to make 3 that 3 to 5 thousand dollars per week so I’m utilizing you know 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 go up to a thousand try to make 3 to 5 thousand per trade and try to double my income okay so let’s get into the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have 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 but what I want to do is discover a location where I have a newly developed uptrend first thing that I want to do is recognize my wave count all right so if this is our beginning
first pullback is 2 largest waves as much as 3 pullback is 4 and then the high is five and the way 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 worth I’m gon na click on this link 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