With low exchange costs. Kucoin Or Okx … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. It also offers extremely high yields in some cases when participating in staking or saving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory 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 spot currencies.
also supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use 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 inadequate space to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that vary 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 large holding in the OKB currency may qualify for discount rates. Futures, alternatives, and swaps have their own rate schedules with varying fees.
One big disadvantage of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, surprise cost information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction information before continuing. You likely won’t recover any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t typically confront with standard banking platforms. The finest practices for keeping your monetary accounts secure are similar. These consist of using strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many customer possessions. It also 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 anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted 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 selling our position and that we wish to take revenue at this level what we wish to do is discover the distinction in between these worths and that’s going to offer us.057 then we’re going to take the dollar amount threat 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 Kucoin Or Okx
distinction between the entry and the stop fine and that’s going to provide us the quantity of tokens that we require to buy in order to run the risk of just 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our risk benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have that set dollar quantity alright so that indicates that in order to discover the capital requirement or the quantity of money that we need for this trade we need 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 require to be able to enter into 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 utilize a 100x utilize that indicates now I have ten thousand dollars to use okay because if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account which makes it difficult fine so let’s go over to buy bit here let’s say we wish 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 occurs when we open up our leverage fine and you’re gon na get this warning that the liquidation is high fine 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 ideal thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this utilize capability is altering nothing about the danger profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description alright weekly we do a free gift where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re picking 3 winners a week okay we’re attempting to give the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we announce the winners all right 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 advise using when growing a little account fine so the first rule is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger all right each time you double the account so when you go to 100 as much as 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there till we scale our account up a bit larger the 3rd thing and this is very important is everybody has a mental threshold when it concerns 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 begin feeling a little bit psychological about the trades which’s something that you really wish to prevent up until you come comfy doing that fine so say you work your method as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that pull back to fifty dollars per trade pick that repaired amount as soon as you wish to preserve your capital and just pick an objective per day 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 understand I like to make three that three to 5 thousand dollars each week so I’m utilizing you learn 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 understand a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and attempt 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 markets 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 really in Dubai fine however what I want to do is find a location where I have actually a newly established uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is 2 largest waves approximately three pullback is 4 and after that the high is 5 and the way we can search for the top of 5 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 after that discover my factor 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 go up to the high of one if our cost action comes down through