With low exchange costs. Okx Order Book Addon … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When participating in staking or conserving features, it also uses incredibly high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
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likewise supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might 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 total.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into different rates tiers that vary 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 receive discount rates. Swaps, options, and futures have their own rate schedules with varying charges.
One big drawback of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, covert expense details are a warning that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal information before proceeding. If you accidentally send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you do not normally confront with standard banking platforms. The finest practices for keeping your monetary accounts secure are comparable. These consist of utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of consumer assets. It likewise has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple 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.
wished to buy 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 wish to take profit at this level what we want to do is find the difference in between these worths which’s going to offer us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Order Book Addon
difference in between the entry and the stop okay and that’s going to provide us the amount of tokens that we require to purchase in order to run the risk of just ten dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to call in our threat reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have actually that set dollar amount okay so that suggests that in order to find the capital requirement or the amount of money that we require for this trade we need 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 require to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering is how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have ten thousand dollars to utilize okay since if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it impossible fine so let’s go over to purchase bit here let’s say we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open our leverage all right and you’re gon na get this warning that the liquidation is high alright 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 right thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this take advantage of capability is altering nothing about the threat profile on the trade fine if you plan on trading anyways utilize the referral Link in the description all right each week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars each week we’re picking three winners a week fine we’re trying to offer the costs that we’re collecting from the affiliate program back into the community for you people trading with us link is listed below you can check out our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would advise utilizing when growing a small account alright so the very first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger alright each time you double the account so when you go to 100 approximately 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there until we scale our account up a little bit bigger the third thing and this is incredibly essential is everyone has a psychological limit when it comes to how much money they’re comfortable running the risk of 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 mathematics states you’re going to begin feeling a little bit psychological about the trades and that’s something that you actually want to avoid till you come comfortable doing that fine so state you work your way as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can stroll that pull back to fifty dollars per trade pick that repaired amount when you wish to preserve your capital and just select an objective per day on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 to five thousand dollars per week 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 shot to make 3 to five thousand per trade and try to double my income 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 actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai all right however what I want to do is find an area where I have actually a newly developed uptrend first thing that I wish to do is identify my wave count fine so if this is our start
very first pullback is 2 largest waves up to three pullback is 4 and then the high is 5 and the way we can look 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 here click back here and after that discover my element of one and you can see the cost 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 price action comes down through