With low exchange charges. Okx Mmcrypto … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When getting involved in staking or conserving functions, it also offers exceptionally high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
also 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 use 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 insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
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 qualify for discounts.
One big drawback of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, concealed expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check deal information before continuing. You likely won’t recover any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not usually face with conventional banking platforms. The finest practices for keeping your financial accounts protected are similar. These consist of using strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of client possessions. It also has offers extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. If you have actually 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 meaning that if we’re wrong and it continues moving down we’re selling our position and that we wish to take revenue at this level what we wish to do is find the distinction in between these worths and that’s going to provide us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Mmcrypto
difference between the stop and the entry okay which’s going to give us the amount of tokens that we require to purchase in order to risk just ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have actually that set dollar amount all right so that means that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and increase it by the entry rate which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’s going to offer us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have ten thousand dollars to use alright since if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it difficult fine so let’s go over to 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 takes place when we open up our utilize okay and you’re gon na get this caution 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 best thing okay so now only 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 absolutely nothing about the threat profile on the trade okay if you plan on trading anyways use the referral Link in the description okay each week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re picking 3 winners a week alright we’re trying to give the costs that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can check out our Discord where we announce the winners okay before we hop into the trading system that you can use to begin taking these trades I wish to discuss 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 okay each time you double the account so when you go to 100 up to 200 alright you wish 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 up until we scale our account up a bit larger the third thing and this is incredibly essential 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 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit psychological about the trades which’s something that you truly want to prevent up until you come comfortable doing that okay so state you work your method as much as 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 fine you can stroll that pull back to fifty dollars per trade pick that repaired quantity when you want to protect your capital and just select a goal per day on
the money that you wish to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that 3 to five thousand dollars weekly so I’m using 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 understand a couple years from now go up to a thousand try to make three to five thousand per trade and attempt to double my income all right so let’s enter the bread and butter of the actual 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 show you one of the setups that I had on xrp when I was in fact in Dubai alright however what I wish to do is find a location where I have a freshly established uptrend first thing that I want to do is recognize my wave count all right so if this is our start
first pullback is two largest waves up to three pullback is four and after that the high is 5 and the way we can try to find the top of five is by using a Fibonacci forecast 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 go up to the high of one if our price action boils down through