With low exchange fees. Okx Bvb … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. It also uses incredibly high yields in some cases when participating in staking or saving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest 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 regulatory and compliance issues.
If you remain in a location that works with OKX, you can create an account that offers you access to trade 343 area currencies.
also supports margin loaning, earning 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 primary location 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:
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 may qualify for discount rates. Swaps, alternatives, and futures have their own rate schedules with differing costs.
One huge disadvantage of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, concealed expense information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. If you inadvertently send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you do not typically face with traditional banking platforms. However, the very best practices for keeping your monetary accounts safe are similar. These include utilizing strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most customer possessions. It also has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished 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 and that we wish to take profit at this level what we wish to do is find the difference in between these worths and that’s going to provide us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Bvb
difference in between the stop and the entry fine which’s going to give us the quantity of tokens that we need to buy in order to risk only ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount alright so that means that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here okay 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 require to be able to get into this position when we’re using take advantage of the only thing it’s altering is just how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have ten thousand dollars to use okay due to the fact that if we only had a hundred dollar account all right this 587 is already 5x the size of our cash value of our account which makes it impossible alright 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 view what occurs when we open up our leverage okay and you’re gon na get this caution that the liquidation is high alright 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 right thing okay so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is changing absolutely nothing about the threat profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description all right each week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars per week we’re picking 3 winners a week alright we’re trying to offer the charges that we’re gathering from the affiliate program back into the community for you people trading with us link is below you can check out our Discord where we reveal the winners all right prior to 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 recommend using when growing a small account all right so the very first rule is begin with the dollar amount risk 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 approximately 200 alright 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 utilize that there till we scale our account up a little bit bigger the 3rd thing and this is very essential is everybody has a psychological limit when it pertains to how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math states you’re going to start feeling a bit psychological about the trades and that’s something that you truly wish to avoid until you come comfortable doing that fine so say you work your way up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that pull back to fifty dollars per trade choice that fixed quantity once you want to preserve your capital and simply pick a goal daily on
the cash that you want to make when you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make three that three to five thousand dollars each week so I’m using you know 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 move up to a thousand try to make 3 to five thousand per trade and try to double my earnings fine so let’s enter into the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai alright however what I wish to do is discover an area where I have actually a recently established uptrend first thing that I wish to do is determine my wave count all right so if this is our start
first pullback is 2 biggest waves approximately three pullback is four and then the high is five and the way we can try to find the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover 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 boils down through