With low exchange charges. Okx Pays … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When participating in staking or saving features, it also uses extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site 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 a location that works with OKX, you can produce an account that provides you access to trade 343 area currencies.
likewise supports margin borrowing, making 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 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 different 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 might receive discounts. Futures, swaps, and choices have their own rate schedules with differing fees.
One big disadvantage of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, covert cost details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal details before proceeding. You likely will not recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t generally confront with conventional banking platforms. The finest practices for keeping your monetary accounts safe are similar. These consist of using strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many consumer possessions. It also has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted 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 which we wish to take profit 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 quantity danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Pays
distinction between the stop and the entry fine which’s going to provide us the amount of tokens that we require to buy in order to risk just ten dollars all right if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our danger benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar quantity alright so that implies that in order to discover the capital requirement or the amount of cash that we require for this trade we have 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 require to be able to enter into this position when we’re using leverage the only thing it’s altering is just how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have 10 thousand dollars to utilize all right since if we just had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult okay so let’s go over to buy bit here let’s state 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 watch what takes place when we open our utilize okay and you’re gon na get this warning that the liquidation is high all right as long as you’re measuring 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 only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is changing absolutely nothing about the threat profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description alright every week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars each week we’re picking 3 winners a week alright we’re attempting to give the charges that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can check out our Discord where we reveal the winners fine before 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 small account all right so the first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk alright each time you double the account so when you go to 100 approximately 200 all right you want 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 up until we scale our account up a bit bigger the 3rd thing and this is very crucial is everybody has a mental limit when it comes to how much money they’re comfortable risking 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 begin feeling a bit emotional about the trades and that’s something that you actually wish to avoid till you come comfortable doing that fine so say you work your way up to 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 walk that back down to fifty dollars per trade choice that repaired quantity as soon as you wish to preserve your capital and just select an objective daily on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that three to 5 thousand dollars per week so I’m using you understand 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 attempt to double my income all right 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 absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai all right however what I wish to do is discover a location where I have a newly established uptrend first thing that I wish to do is identify my wave count fine so if this is our start
very first pullback is two biggest waves approximately 3 pullback is four and then the high is 5 and the way we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover my factor 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 go up to the high of one if our price action comes down through