With low exchange charges. Okx Coin List … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. It also uses remarkably high yields sometimes when participating in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the globe. 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.
You can create an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin loaning, making cryptocurrency through staking and cost 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 not enough space to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 discounts.
One huge downside of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details prior to proceeding. You likely won’t recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not normally confront with conventional banking platforms. The finest practices for keeping your financial accounts protected are similar. These include utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for the majority of consumer possessions. It likewise has offers extra 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. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wanted to buy 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 offering our position and that we wish to take revenue at this level what we want to do is discover the difference between these values which’s going to give us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Coin List
difference in between the entry and the stop fine and that’s going to give us the amount of tokens that we need to buy in order to risk just 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar amount fine so that implies that in order to find the capital requirement or the quantity of cash that we require for this trade we have 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 multiplied by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter this position when we’re using utilize the only thing it’s changing is how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have 10 thousand dollars to utilize alright because if we just had a hundred dollar account okay 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 say we wish to take this ape trade here all right we need 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 okay and you’re gon na get this warning that the liquidation is high alright as long as you’re measuring 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 just thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this take advantage of ability is changing absolutely nothing about the risk profile on the trade okay if you plan on trading anyways utilize the referral Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars weekly we’re selecting 3 winners a week fine we’re trying to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is listed 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 wish to go over the rules that I would suggest using when growing a little account alright so the very first rule is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 up to 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there until we scale our account up a bit larger the 3rd thing and this is incredibly crucial is everyone has a psychological limit when it pertains to how much cash they’re comfortable running the risk of 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 math states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly want to avoid till you come comfy doing that alright so say you work your way approximately 200 to 500 to a thousand all right 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 choice that repaired quantity as soon as you want to preserve your capital and simply pick a goal daily on
the money that you want to make once you get up to a comfy threshold where it’s fitting your income objectives so for me personally you understand I like to make three that three to five thousand dollars per 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 then I’ll increase it you know a couple years from now go up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings alright so let’s enter into 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 absolutely 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 however what I want to do is find an area where I have actually a recently developed uptrend first thing that I wish to do is recognize my wave count fine so if this is our start
first pullback is two biggest waves as much as 3 pullback is four and after that the high is 5 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 value I’m gon na click here click back here and then 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 increase to the high of one if our price action comes down through