With low exchange fees. How To Claim Okx Rewards … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When getting involved in staking or conserving features, it likewise uses extremely high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
You can produce an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ 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 big holding in the OKB currency may qualify for discount rates. Swaps, futures, and alternatives have their own rate schedules with differing costs.
One big disadvantage of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, concealed expense information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal information prior to proceeding. You likely will not recuperate any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not normally confront with standard banking platforms. The best practices for keeping your financial accounts secure are comparable. These include using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most client possessions. It likewise has offers 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 anybody outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
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 wish to take profit at this level what we want to do is discover the distinction between these worths and that’s going to provide 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 How To Claim Okx Rewards
difference between the stop and the entry all right and that’s going to provide us the amount of tokens that we need to buy in order to run the risk of just ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar quantity okay so that indicates that in order to discover the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s altering is just how much cash we personally require to take 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 utilize okay since 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 alright 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 watch what takes place when we open our take advantage of alright and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account alright so this leverage ability is changing absolutely nothing about the danger profile on the trade alright if you plan on trading anyways use the recommendation Link in the description alright weekly we do a free gift where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars weekly we’re picking 3 winners a week all right we’re trying to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is listed below you can check out our Discord where we reveal the winners okay prior to 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 little account okay so the first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 fine 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 amount and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is super essential is everybody has a psychological limit when it pertains to how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a bit emotional about the trades which’s something that you truly wish to avoid till you come comfy doing that all right so say you work your way as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can walk that pull back to fifty dollars per trade pick that repaired amount once you wish to protect your capital and just select an objective per day on
the money that you want to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to five 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 then 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 all right so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai okay however what I want to do is find a location where I have a newly established uptrend first thing that I wish to do is identify my wave count all right so if this is our beginning
very first pullback is two biggest waves as much as 3 pullback is four and then the high is five and the way we can try to find the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and then find my element of one and you can see the price 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 comes down through