With low exchange costs. Okx Luna 2 … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It also offers exceptionally high yields in some cases when participating in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site 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.
If you’re in a location that works with OKX, you can develop an account that offers you access to trade 343 area currencies.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, 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 primary 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:
breaks currencies down into different pricing tiers that differ based upon 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 might receive discounts. Futures, swaps, and options have their own rate schedules with varying charges.
One huge downside of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check deal information prior to proceeding. You likely will not recover any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t typically confront with conventional banking platforms. The best practices for keeping your financial accounts safe are similar. These include using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for a lot of client assets. It likewise has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted to purchase 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 selling our position which we wish to take profit at this level what we want to do is discover the distinction between these worths which’s going to offer 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 ten dollars and we’re going to divide it by the Okx Luna 2
distinction in between the entry and the stop okay and that’s going to provide us the amount of tokens that we require to buy in order to run the risk of only 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our risk 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 fine so that means that in order to find the capital requirement or the quantity of money that we require for this trade we have 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 which’s going to give 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 money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have 10 thousand dollars to use okay because if we only had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account which makes it impossible alright so let’s visit purchase bit here let’s state we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our utilize alright and you’re gon na get this warning that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing alright so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is altering nothing about the risk profile on the trade okay if you plan on trading anyways use the referral Link in the description all right every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars weekly we’re picking 3 winners a week alright we’re trying to provide the fees that we’re gathering from the affiliate program back into the community for you men trading with us connect 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 use to begin taking these trades I want to go over the rules that I would advise utilizing when growing a small account alright so the very first rule is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 alright you wish to move that approximately 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 third thing and this is very crucial is everyone has a mental threshold when it concerns 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 states you’re going to start feeling a little bit emotional about the trades which’s something that you truly wish to prevent until you come comfy doing that fine so say you work your way 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 okay you can stroll that pull back to fifty dollars per trade pick that fixed amount when you wish to preserve your capital and simply choose an objective each day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to 5 thousand dollars weekly 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 after that I’ll increase it you know a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my income fine so let’s enter the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely 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 all right but what I want to do is find an area where I have actually a newly established uptrend first thing that I want to do is recognize my wave count okay so if this is our beginning
very first pullback is 2 biggest waves as much as three pullback is four and after that the high is five and the method 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 worth I’m gon na click here click back here and then discover my aspect 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