With low exchange charges. Okx Eth … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When participating in staking or saving features, it likewise provides remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
You can create an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
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. might 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 room to note them all in our OKX evaluation. 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 may qualify for discount rates.
One huge disadvantage of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal information prior to proceeding. If you accidentally send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not typically face with standard banking platforms. However, the very best practices for keeping your monetary accounts secure are comparable. These consist of utilizing strong passwords unique to every site 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 customer properties. It likewise has deals extra features like the ability 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 signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 want to take profit at this level what we want to do is find the distinction between these values and that’s going to give us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Eth
distinction in between the entry and the stop okay which’s going to provide us the quantity of tokens that we need to buy in order to run the risk of only 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar quantity okay so that indicates 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 which’s going to give us 587 dollars then we require to be able to enter this position when we’re utilizing leverage the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have 10 thousand dollars to utilize all right due to the fact that if we just 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 all right so let’s visit purchase bit here let’s state we want 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 occurs when we open our take advantage of alright and you’re gon na get this warning that the liquidation is high alright 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 fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways utilize the referral Link in the description okay weekly we do a free gift where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars each week we’re choosing 3 winners a week fine we’re attempting to give the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can have a look at our Discord where we announce the winners alright before we hop into the trading system that you can utilize to start taking these trades I want to discuss the rules that I would suggest using when growing a little account fine so the first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk alright each time you double the account so when you go to 100 as much as 200 okay 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 amount and utilize that there until we scale our account up a little bit larger the 3rd thing and this is incredibly important is everybody has a psychological limit when it pertains to just how much money 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 says you’re going to start feeling a bit psychological about the trades and that’s something that you truly want to avoid up until you come comfortable doing that okay so say you work your method 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 back down to fifty dollars per trade pick that repaired quantity when you wish to protect your capital and just select a goal per day on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to five thousand dollars per week so I’m utilizing 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 income all right so let’s enter into 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 definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai alright but what I want to do is find a location where I have actually a recently established uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
first pullback is two biggest waves approximately 3 pullback is four and after that the high is 5 and the method we can try to find the top of 5 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 after that find my factor of one and you can see the price 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 boils down through