With low exchange costs. Okx Old Version Download … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When participating in staking or conserving functions, it also provides remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet 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.
If you remain in an area that works with OKX, you can develop an account that gives you access to trade 343 spot currencies.
Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining 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 evaluation. 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 may qualify for discounts. Futures, alternatives, and swaps have their own rate schedules with differing costs.
One big disadvantage of is that it doesn’t 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 transactions are generally one-way and can’t be reversed, so always double-check deal information prior to continuing. If you accidentally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t typically confront with traditional banking platforms. However, the very best practices for keeping your monetary accounts safe are comparable. These include utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for most client assets. It likewise has offers additional features like the ability 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 exchange 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 significance 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 want to do is find the distinction in between these values and that’s going to provide us.057 then we’re going to take the dollar amount danger 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 Old Version Download
difference in between the stop and the entry fine which’s going to offer us the quantity of tokens that we require to buy in order to risk just ten dollars okay 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 danger reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar quantity all right so that indicates that in order to discover the capital requirement or the amount of money 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 alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to enter this position when we’re using take advantage of 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 leverage that indicates now I have ten thousand dollars to use all right since if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account that makes it impossible fine so let’s visit purchase bit here let’s say we want 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 enjoy what takes place when we open up our utilize all right and you’re gon na get this warning that the liquidation is high fine 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 best thing all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is altering absolutely nothing about the risk profile on the trade fine if you intend on trading anyways utilize the referral Link in the description fine every week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars per week we’re picking 3 winners a week all right we’re attempting to provide the charges 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 reveal the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the guidelines that I would advise utilizing when growing a little account okay so the very first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger okay each time you double the account so when you go to 100 as much as 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there till we scale our account up a little bit bigger the third thing and this is incredibly essential is everybody has a psychological limit when it concerns just how much money they’re comfortable risking if I’m taking a look 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 begin feeling a little bit psychological about the trades and that’s something that you truly want to prevent till you come comfy doing that fine so state you work your way as much as 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that back down to fifty dollars per trade pick that repaired quantity once you want to maintain your capital and simply select an objective per day on
the money that you wish to make as soon as you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to five thousand dollars each week so I’m using you learn 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 know a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my income okay so let’s enter into the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai fine but what I wish to do is discover a location where I have actually a freshly developed uptrend first thing that I want to do is identify my wave count all right so if this is our beginning
very first pullback is two largest waves approximately three pullback is 4 and then the high is five and the method we can look for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that find my factor 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