With low exchange costs. Can’t Get On Okx … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It likewise uses exceptionally high yields in some cases when participating in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you’re in a location that works with OKX, you can produce an account that offers you access to trade 343 area currencies.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different 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 might get approved for discounts. Swaps, futures, and choices have their own rate schedules with differing costs.
One big downside of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, covert cost information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details before proceeding. You likely will not recuperate any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you don’t normally face with standard banking platforms. Nevertheless, the best practices for keeping your monetary accounts protected are similar. These consist of 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, consisting of freezer for many customer assets. It likewise has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market 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 which we want to take profit at this level what we wish to do is discover the difference between these values and that’s going to offer 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’t Get On Okx
distinction in between the stop and the entry okay which’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of just 10 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 definitely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity alright so that implies that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the quantity of coins and increase 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 offer us 587 dollars then we require to be able to get into this position when we’re utilizing leverage the only thing it’s changing is how much cash we personally need to take 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 because if we just had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it difficult all right so let’s visit purchase bit here let’s say we wish 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 enjoy what happens when we open our leverage fine 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 okay so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this take advantage of ability is altering absolutely nothing about the threat profile on the trade fine if you plan on trading anyways use the referral Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars per week we’re picking three winners a week okay we’re trying to offer the costs that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can have a look at our Discord where we announce the winners alright before we hop into the trading system that you can utilize to start taking these trades I want to discuss the rules that I would suggest using when growing a small account all right so the very first guideline is begin with the dollar amount danger per trade 10 of starting 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 approximately 200 fine 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 amount and use that there up until we scale our account up a little bit bigger the 3rd thing and this is super important is everybody has a mental threshold when it pertains to just how much cash they’re comfortable risking 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 mathematics says you’re going to start feeling a bit emotional about the trades and that’s something that you truly wish to prevent till you come comfortable doing that all right so state you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can walk that back down to fifty dollars per trade pick that repaired amount when you wish to maintain your capital and simply select a goal daily on
the cash that you want to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make three that 3 to five thousand dollars weekly so I’m utilizing you learn 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 know a couple years from now go up to a thousand try to make 3 to five thousand per trade and attempt to double my income okay so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai all right but what I want to do is find an area where I have a newly developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
first pullback is two biggest waves up to 3 pullback is 4 and then the high is five and the method we can search for the top of five is by using 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 then find my aspect of one and you can see the cost 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