With low exchange costs. Okx Alternative … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It also uses extremely high yields in many cases when taking part in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
If you remain in an area that deals with OKX, you can produce an account that provides you access to trade 343 area currencies.
likewise supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 insufficient space to list 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 huge downside of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, surprise expense details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. You likely will not recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you do not typically face with traditional banking platforms. The finest practices for keeping your financial accounts safe are comparable. These include utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most customer assets. It likewise has offers extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone 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.
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 selling our position which we wish to take revenue at this level what we wish to do is find the distinction in between these worths and that’s going to give us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Alternative
distinction in between the stop and the entry fine which’s going to provide us the amount of tokens that we require to purchase in order to run the risk of just ten dollars okay 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 make sure that you’re not doing that you need to have actually that set dollar amount alright so that implies that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and multiply it by the entry rate which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing utilize the only thing it’s changing is just how much money we personally require 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 alright since if we just had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account that makes it impossible all right so let’s go over to purchase bit here let’s say 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 happens when we open up our utilize okay and you’re gon na get this warning that the liquidation is high okay 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 only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this take advantage of capability is changing absolutely nothing about the danger profile on the trade fine if you intend on trading anyways use the referral Link in the description alright each week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars per week we’re choosing 3 winners a week all right we’re attempting to offer the charges that we’re gathering 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 reveal the winners alright before we hop into the trading system that you can utilize to begin taking these trades I want to go over the rules that I would suggest using when growing a small account fine so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 approximately 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there until we scale our account up a bit bigger the 3rd thing and this is very crucial is everybody has a mental limit when it comes to how much money they’re comfortable risking if I’m looking 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 bit psychological about the trades and that’s something that you really want to avoid up until you come comfy doing that alright so say you work your way up to 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that pull back to fifty dollars per trade pick that fixed quantity as soon as you want to preserve your capital and just pick an objective per day on
the money that you wish to make as soon as 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 weekly so I’m using you understand about 2.5 percent of my entire 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 go up to a thousand shot to make three to five thousand per trade and try to double my earnings fine so let’s enter the support of the real 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 reveal you one of the setups that I had on xrp when I was actually in Dubai all right but what I wish to do is find an area where I have actually a newly established uptrend first thing that I want to do is determine my wave count all right so if this is our start
very first pullback is 2 largest waves up to 3 pullback is four and after that the high is 5 and the way we can search for the top of 5 is by utilizing a Fibonacci projection 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 aspect of one and you can see the cost 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 rate action comes down through