With low exchange charges. Okx Nodejs … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or saving features, it likewise uses remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
You can produce an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, making 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 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 list them all in our OKX review. 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 big holding in the OKB currency may qualify for discount rates.
One big disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, concealed expense information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal details before continuing. If you unintentionally send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you do not typically face with standard banking platforms. However, the best practices for keeping your financial accounts safe are similar. These consist of using strong passwords unique 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 a lot of client possessions. It likewise has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 offering our position which we wish to take profit 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 quantity threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Nodejs
difference between the entry and the stop alright which’s going to provide us the amount of tokens that we require to buy in order to run the risk of only ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar amount fine so that means that in order to discover the capital requirement or the amount of cash that we need for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here alright 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 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 take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to utilize all right because if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account which makes it difficult okay so let’s visit buy bit here let’s say we wish to take this ape trade here all right 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 fine and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying 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 okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this take advantage of ability is changing absolutely nothing about the danger profile on the trade fine if you intend on trading anyways use the referral Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars each week we’re choosing 3 winners a week alright we’re trying to give the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed below you can take a look at our Discord where we reveal the winners okay before we hop into the trading system that you can utilize to begin taking these trades I wish to review the guidelines that I would recommend utilizing when growing a small account all right so the very first guideline is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 as much as 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there till we scale our account up a bit larger the third thing and this is incredibly important is everyone has a mental limit when it concerns just how much cash they’re comfortable running the risk of 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 mathematics states you’re going to start feeling a little bit emotional about the trades and that’s something that you really want to avoid up until you come comfortable doing that okay so say you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade pick that repaired amount as soon as you want to preserve your capital and just choose an objective per day on
the money that you want to make once you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to five thousand dollars each week so I’m utilizing 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 move up to a thousand try to make three to five thousand per trade and try to double my income all right so let’s get into the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have 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 alright however what I wish to do is find an area where I have a freshly developed uptrend first thing that I wish to do is determine my wave count fine so if this is our start
very first pullback is 2 biggest 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 5 is by utilizing 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 then find my aspect 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 increase to the high of one if our cost action comes down through