With low exchange costs. Okx Indonesia … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. It also uses incredibly high yields in many cases when participating in staking or conserving features.
was founded in 2017 and preserves a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room 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 various rates tiers that differ based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might receive discount rates. Swaps, alternatives, and futures have their own rate schedules with varying costs.
One huge downside of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, surprise cost information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction details prior to continuing. You likely won’t recover any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not typically confront with conventional banking platforms. The best practices for keeping your financial accounts safe are similar. These include utilizing strong passwords special to every site and app alongside 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 assets. It also has deals additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone 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.
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 want to take revenue at this level what we wish to do is find the distinction in between these worths which’s going to offer us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Indonesia
distinction in between the entry and the stop alright and that’s going to provide us the quantity of tokens that we need to buy in order to run the risk of only 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have actually that set dollar quantity alright so that implies that in order to discover the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and increase it by the entry cost which is this level here all right 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 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 take advantage of that means now I have ten thousand dollars to use all right due to the fact that if we only had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account that makes it impossible alright so let’s go over to purchase 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 see what occurs when we open up our utilize okay and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the ideal thing fine so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this leverage capability is altering absolutely nothing about the danger profile on the trade okay if you intend on trading anyways use the referral Link in the description fine each week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars weekly we’re selecting three winners a week okay we’re attempting to offer the charges that we’re collecting from the affiliate program back into the community for you men trading with us link is below you can take a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I want to go over the guidelines that I would advise using when growing a little account fine so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 up to 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there until we scale our account up a little bit bigger the 3rd thing and this is super essential is everybody has a psychological limit when it comes to how much cash they’re comfortable risking if I’m looking 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 says you’re going to start feeling a little bit emotional about the trades and that’s something that you truly wish to avoid till you come comfortable doing that alright so state you work your method up to 200 to 500 to a thousand alright 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 when you want to protect your capital and just select an objective per day on
the cash that you wish to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to five thousand dollars weekly so I’m utilizing you learn 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 three to five thousand per trade and try to double my income fine so let’s enter the bread and butter of the real trading this is a system that I’ve 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 actually in Dubai okay however what I want to do is discover an area where I have a newly developed uptrend first thing that I wish to do is identify my wave count okay so if this is our start
very first pullback is two largest waves approximately three pullback is 4 and then the high is five and the method we can search 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 here click back here and then find my element 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 increase to the high of one if our cost action comes down through