With low exchange fees. Okx 500 Dollar Bonus … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. It also uses extremely high yields sometimes when taking part in staking or saving features.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
You can create an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
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. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might get approved for discount rates. Swaps, options, and futures have their own rate schedules with differing charges.
One big disadvantage of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal information before proceeding. You likely won’t recover any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you don’t usually face with conventional banking platforms. However, the very best practices for keeping your monetary accounts safe and secure are similar. These consist of utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of customer possessions. It also has offers additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will discover 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 and that we want to take earnings at this level what we wish to do is discover the difference in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity risk we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx 500 Dollar Bonus
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 run the risk of just ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar amount okay so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here fine 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 need to be able to enter into this position when we’re using leverage the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have 10 thousand dollars to utilize all right because if we only had a hundred dollar account all right this 587 is already 5x the size of our money value of our account that makes it difficult okay so let’s go over to buy bit here let’s state we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open our take advantage of okay and you’re gon na get this caution that the liquidation is high all right 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 just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account alright so this utilize capability is changing absolutely nothing about the threat profile on the trade alright if you intend on trading anyways utilize the referral Link in the description okay every week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars per week we’re selecting three winners a week all right we’re trying to give the costs that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can have a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the guidelines that I would advise utilizing when growing a small account alright so the very first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 up to 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there till we scale our account up a little bit bigger the third thing and this is incredibly crucial is everybody has a psychological threshold when it comes to how much cash they’re comfortable running the risk of if I’m taking a look 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 states you’re going to begin feeling a little bit emotional about the trades and that’s something that you actually want to prevent up until you come comfortable doing that okay so say you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that pull back to fifty dollars per trade pick that fixed amount once you want to maintain your capital and just select a goal each day on
the cash that you want to make when you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars per week 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 after that I’ll increase it you know 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 fine so let’s enter 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 actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai all right however what I wish to do is discover a location 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
very first pullback is two largest waves up to 3 pullback is four and after that the high is five and the method 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 then discover my aspect 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 increase to the high of one if our price action boils down through