With low exchange fees. Ccxt Okx Futures … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It also uses remarkably high yields in some cases when participating in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world 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 regulative and compliance concerns.
If you’re in a location that works with OKX, you can develop an account that offers you access to trade 343 spot currencies.
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. might work as an exchange you utilize 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 insufficient space to list them all in our OKX review. There are 343 currencies on the exchange total.
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 huge disadvantage of is that it doesn’t disclose fees for deposits and withdrawals. While much of is transparent, hidden expense details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. If you mistakenly send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security concerns you do not usually confront with standard banking platforms. Nevertheless, the very best practices for keeping your monetary accounts protected are comparable. These consist of utilizing strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for many client assets. 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 simple for anyone beyond the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 offering our position which we want to take revenue at this level what we want to do is discover the distinction in between these worths which’s going to give us.057 then we’re going to take the dollar quantity threat 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 Ccxt Okx Futures
difference between the stop and the entry okay which’s going to provide us the amount of tokens that we need to buy in order to risk only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to call in our risk benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount alright so that implies that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and increase it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we need to be able to enter into this position when we’re utilizing take advantage of the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have 10 thousand dollars to use fine because if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account which makes it impossible fine so let’s visit purchase bit here let’s say we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open our utilize alright and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing alright so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this leverage ability is changing absolutely nothing about the risk profile on the trade fine if you intend on trading anyways use the recommendation Link in the description fine weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars weekly we’re choosing 3 winners a week fine we’re trying to offer the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can take a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the guidelines that I would recommend using when growing a small account alright so the very first guideline is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 as much as 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a bit larger the 3rd thing and this is super important is everybody has a mental threshold when it concerns just how much cash they’re comfortable risking if I’m taking a look 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 start feeling a little bit psychological about the trades and that’s something that you really wish to prevent up until you come comfy doing that all right so state you work your method approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can stroll that back down to fifty dollars per trade pick that fixed quantity as soon as you want to maintain your capital and simply choose an objective daily on
the money that you wish to make when you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that 3 to 5 thousand dollars per week 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 understand a couple years from now move up to a thousand try to make three to five thousand per trade and try to double my earnings alright so let’s enter into the bread and butter of the actual 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 among the setups that I had on xrp when I was in fact in Dubai fine but what I want to do is find an area where I have a recently developed uptrend first thing that I wish to do is recognize my wave count okay so if this is our start
first pullback is two biggest waves approximately 3 pullback is 4 and after that the high is five and the method 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 here click back here and then discover my element 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 price action boils down through