With low exchange costs. Marleen Okx … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or conserving features, it also offers incredibly high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
If you remain in a location that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
also supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 inadequate room to note 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 large holding in the OKB currency might qualify for discounts.
One big disadvantage of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, hidden expense information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal details before proceeding. If you accidentally send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security issues you do not generally face with traditional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe and secure are comparable. These consist of using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of consumer assets. It likewise has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wanted to buy 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 find the difference between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Marleen Okx
distinction in between the stop and the entry all right which’s going to give us the amount of tokens that we require to purchase in order to risk just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have actually that set dollar amount alright so that indicates that in order to discover the capital requirement or the quantity of cash that we need for this trade we need to take the amount of coins and multiply it by the entry cost which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to get into this position when we’re utilizing utilize the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have ten thousand dollars to use alright because if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account that makes it impossible all right 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 leverage all right and you’re gon na get this warning that the liquidation is high all right 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 utilize for this position is twelve dollars which is 12 of our whole account okay so this take advantage of ability is changing absolutely nothing about the danger profile on the trade fine if you intend on trading anyways use the recommendation Link in the description alright every week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars each week we’re selecting 3 winners a week fine we’re trying to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can check out our Discord where we announce the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to discuss the guidelines that I would suggest utilizing when growing a little account all right so the very first rule is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 as much as 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a bit larger the 3rd thing and this is very crucial is everyone has a psychological limit when it concerns how much money they’re comfortable running the risk of 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 math states you’re going to start feeling a little bit emotional about the trades and that’s something that you truly wish to avoid until you come comfy doing that fine so say you work your method approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that back down to fifty dollars per trade choice that fixed quantity when you want to maintain your capital and simply pick a goal daily on
the cash that you wish to make once you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to 5 thousand dollars each week so I’m using you understand 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 go up to a thousand shot to make three to five thousand per trade and try to double my income all right 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 definitely 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 okay but what I wish to do is find an area where I have a recently established uptrend first thing that I wish to do is identify my wave count alright so if this is our start
first pullback is two biggest waves approximately three pullback is four and after that the high is five 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 worth I’m gon na click here click back here and after that find 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 go up to the high of one if our price action boils down through