With low exchange fees. Okx Olecko … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When getting involved in staking or saving features, it likewise offers exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
1
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you’re in a location that works with OKX, you can create an account that gives you access to trade 343 area currencies.
1
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could 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 room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
2
Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
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 certify for discounts.
One big downside of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, hidden expense information are a red flag that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details before proceeding. If you unintentionally send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not usually face with conventional banking platforms. The finest practices for keeping your monetary accounts secure are comparable. 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 the majority of client properties. 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 easy for anybody beyond 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we want to take revenue at this level what we wish to do is find the distinction in between these worths and that’s going to give us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Olecko
difference between the entry and the stop all right which’s going to give us the amount of tokens that we require to buy in order to risk just 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar quantity okay so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the amount of coins and multiply 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 and that’s going to give us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s altering is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have ten thousand dollars to utilize alright due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account which makes it difficult fine so let’s visit buy bit here let’s say we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open our take advantage of all right 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 risking that 10 dollars you are safe and you’re doing the right thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways utilize the recommendation Link in the description fine every week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re selecting 3 winners a week fine 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 listed below you can take a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would suggest utilizing when growing a little account fine so the first rule is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk all right each time you double the account so when you go to 100 up to 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there till we scale our account up a little bit larger the 3rd thing and this is super important is everybody has a mental threshold when it comes to how much cash they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit psychological about the trades which’s something that you really want to avoid until you come comfortable doing that all right 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 and that’s excessive for you okay you can walk that back down to fifty dollars per trade choice that repaired amount once you wish to protect your capital and just pick a goal per day on
the money that you want to make once you get up to a comfy threshold 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 utilizing you know about 2.5 percent of my whole 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 5 thousand per trade and try to double my earnings okay so let’s enter the support of the real 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 among the setups that I had on xrp when I was in fact in Dubai fine however what I want to do is discover an area where I have actually a recently developed uptrend first thing that I wish to do is identify my wave count all right so if this is our beginning
first pullback is 2 largest waves approximately three pullback is 4 and after that the high is 5 and the way 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 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 price action comes down through