With low exchange fees. Okx 7 Day Challenge … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When taking part in staking or conserving features, it likewise uses extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can develop an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin loaning, making cryptocurrency through staking and 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient 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 different pricing 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 get approved for discount rates. Choices, swaps, and futures have their own rate schedules with varying charges.
One huge disadvantage of is that it does not reveal costs for withdrawals and deposits. While much of is transparent, surprise expense details are a warning that may send you to another exchange with transparent charge 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 accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not generally face with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts protected are similar. These consist of utilizing strong passwords distinct to every site 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 a lot of customer possessions. It also has offers extra features like the ability to establish 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 registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished to purchase 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 which we wish to take revenue at this level what we wish to do is discover the difference between these worths which’s going to give us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx 7 Day Challenge
distinction between the stop and the entry fine and that’s going to provide us the amount of tokens that we need to buy in order to run the risk of just 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount fine so that indicates that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and increase it by the entry price 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 give us 587 dollars then we need to be able to enter this position when we’re using utilize 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 take advantage of that indicates now I have ten thousand dollars to utilize fine since if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account which makes it impossible fine so let’s visit buy bit here let’s state we wish 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 enjoy what occurs when we open our take advantage of alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the right thing okay 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 utilize ability is changing absolutely nothing about the danger profile on the trade all right if you plan on trading anyways utilize the referral Link in the description okay weekly 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 choosing three winners a week all right we’re trying to give the charges that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is below you can take a look at our Discord where we announce the winners fine before we hop into the trading system that you can use to begin taking these trades I want to review the guidelines that I would advise utilizing when growing a small account fine so the first guideline is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat okay each time you double the account so when you go to 100 up to 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 amount and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is extremely crucial is everyone has a psychological threshold when it concerns just 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 3 trades in 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 which’s something that you really wish to avoid till you come comfortable doing that all right so say you work your way approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that pull back to fifty dollars per trade pick that fixed amount when you want to protect your capital and just choose an objective per day on
the money that you want to make once you get up to a comfortable limit where it’s fitting your income objectives so for me personally you understand I like to make three that three 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 move up to a thousand shot to make three to five thousand per trade and try to double my income alright so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces 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 actually in Dubai alright but what I want to do is discover an area where I have a newly developed uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
very first pullback is 2 biggest waves approximately 3 pullback is four and then the high is five and the method we can search for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that 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 comes down through