With low exchange costs. Okx Eos … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it also provides incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can produce an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise 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 location 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 large holding in the OKB currency might certify for discounts.
One big drawback of is that it does not reveal fees for withdrawals and deposits. While much of is transparent, surprise expense information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information before continuing. If you inadvertently send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you don’t normally face with conventional banking platforms. The finest practices for keeping your monetary accounts secure are similar. These include utilizing strong passwords distinct to every site 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 the majority of customer assets. It also 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 have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 wish to do is discover the distinction in between these values and that’s going to provide us.057 then we’re going to take the dollar quantity risk we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Eos
distinction in between the entry and the stop alright which’s going to provide us the quantity of tokens that we need to purchase in order to risk just 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to dial in our threat reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar amount all right so that means that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and increase it by the entry cost 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 provide us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of 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 use a 100x leverage that implies now I have 10 thousand dollars to utilize fine due to the fact that if we just had a hundred dollar account fine 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 purchase bit here let’s say we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open our utilize okay and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the ideal thing okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is altering nothing about the danger profile on the trade okay if you intend on trading anyways utilize the referral Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars per week we’re picking three winners a week alright we’re trying to provide the fees that we’re collecting 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 fine before we hop into the trading system that you can utilize to begin taking these trades I want to discuss the guidelines that I would advise using when growing a little account okay so the first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk okay each time you double the account so when you go to 100 as much as 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a bit bigger the 3rd thing and this is extremely crucial is everybody has a mental limit when it comes to 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 math states you’re going to begin feeling a little bit emotional about the trades which’s something that you truly wish to avoid until you come comfy doing that okay so state you work your way up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that pull back to fifty dollars per trade pick that repaired amount once you wish to maintain your capital and simply choose a goal daily on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make three that three to 5 thousand dollars per week so I’m utilizing 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 go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my income okay so let’s get into the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai fine but what I wish to do is find an area where I have a recently established uptrend first thing that I wish to do is recognize my wave count alright so if this is our start
first pullback is 2 largest waves approximately 3 pullback is four and after that the high is five and the method we can look 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 on this link click back here and after that 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 go up to the high of one if our rate action comes down through