With low exchange fees. Okx Alerts … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. It also provides extremely high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims 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 remain in an area that deals with OKX, you can develop an account that provides you access to trade 343 spot currencies.
also supports margin borrowing, earning cryptocurrency through staking and 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based upon trade volume and account holdings. For spot 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 discounts. Swaps, alternatives, and futures have their own rate schedules with differing fees.
One big disadvantage of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, concealed cost information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal details before proceeding. You likely will not recover any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t typically face with traditional banking platforms. The finest practices for keeping your financial accounts safe are comparable. These include utilizing strong passwords unique 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 the majority of customer possessions. It likewise has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 want to take revenue at this level what we want to do is find the distinction between these worths which’s going to give 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 ten dollars and we’re going to divide it by the Okx Alerts
difference in between the entry and the stop okay which’s going to offer us the amount of tokens that we require to purchase in order to risk only ten dollars all right if we’re just going in with 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 definitely screw yourself so make certain that you’re not doing that you require to have that set dollar amount all right so that indicates that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and increase it by the entry cost which is this level here alright 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 utilizing leverage the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that implies now I have 10 thousand dollars to use fine due to the fact that 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 impossible fine 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 watch what takes place when we open our take advantage of okay and you’re gon na get this caution that the liquidation is high fine 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 all right so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this utilize ability is changing absolutely nothing about the threat profile on the trade alright if you intend on trading anyways use the referral Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars per week we’re picking 3 winners a week all right 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 take a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I wish to go over the rules that I would recommend utilizing when growing a little account alright so the first guideline is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there up until we scale our account up a bit larger the third thing and this is very important is everybody has a psychological limit when it concerns how much money 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 start feeling a bit emotional about the trades and that’s something that you really want to avoid till you come comfortable doing that alright so state you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that back down to fifty dollars per trade choice that repaired quantity when you want to maintain your capital and simply pick an objective per day on
the money that you want to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 to five thousand dollars per 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 then I’ll increase it you know a couple years from now go up to a thousand try to make three to five thousand per trade and try to double my earnings okay so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have 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 all right but what I wish to do is discover an area where I have a newly established uptrend first thing that I wish to do is recognize my wave count alright so if this is our beginning
very first pullback is 2 largest waves as much as three pullback is four and after that the high is five and the way we can search for the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find my element 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