With low exchange charges. Okx Fintech Limited Singapore … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It likewise uses incredibly high yields sometimes when participating in staking or saving features.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
If you’re in a location that deals with OKX, you can create an account that gives you access to trade 343 area currencies.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you use 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 inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that vary 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 large holding in the OKB currency may receive discount rates. Choices, swaps, and futures have their own rate schedules with varying fees.
One big downside of is that it doesn’t disclose costs 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 typically one-way and can’t be reversed, so always double-check transaction details prior to proceeding. If you inadvertently send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you do not normally face with standard banking platforms. However, the best practices for keeping your financial accounts safe are similar. These consist of using strong passwords special 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 freezer for a lot of client properties. It likewise has deals extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished 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 and that we want to take earnings at this level what we want to do is find the distinction in between these values and that’s going to give us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Fintech Limited Singapore
difference in between the entry and the stop alright which’s going to give us the amount of tokens that we need to buy in order to risk only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our danger benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar amount alright so that indicates that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the amount of coins and multiply it by the entry price which is this level here okay 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 enter into this position when we’re utilizing utilize the only thing it’s changing is how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that means now I have 10 thousand dollars to use fine since if we only had a hundred dollar account alright this 587 is already 5x the size of our money value of our account which makes it difficult okay so let’s go over to buy bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open our take advantage of fine 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 alright 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 leverage ability is changing nothing about the risk profile on the trade fine if you intend on trading anyways utilize the referral Link in the description fine each week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars each week we’re choosing three winners a week okay we’re attempting to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is below you can check out our Discord where we reveal the winners okay before we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would advise using when growing a little account okay so the very first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk all right each time you double the account so when you go to 100 approximately 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there till we scale our account up a bit bigger the third thing and this is very essential is everybody has a psychological 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 three trades in a row I don’t care who you are or what the math states you’re going to start feeling a little bit psychological about the trades and that’s something that you actually wish to avoid up until you come comfy doing that all right so state you work your method up to 200 to 500 to a thousand all right 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 fixed amount as soon as you wish to preserve your capital and simply choose an objective per day on
the money that you want to make once you get up to a comfortable limit where it’s fitting your income objectives so for me personally you understand I like to make three that 3 to five thousand dollars weekly so I’m using you know 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 understand a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my income fine so let’s enter into the bread and butter of the actual 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 show you among the setups that I had on xrp when I was in fact in Dubai alright but what I wish to do is discover an area where I have actually a freshly established uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
first pullback is two largest waves as much as three pullback is 4 and after that the high is five and the way we can look for the top of five is by using 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 then 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 boils down through