With low exchange fees. Okx P&L Marked Price … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. When participating in staking or saving features, it also uses remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site declares 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 offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could 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 review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 certify for discounts.
One big drawback of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. If you unintentionally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t normally confront with conventional banking platforms. The finest practices for keeping your financial accounts safe are similar. These include using strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many customer properties. It likewise has deals additional functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will find a familiar experience at OKX if you have actually 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 meaning that if we’re wrong and it continues moving down we’re offering our position which we wish to take revenue at this level what we wish to do is discover the difference between these worths which’s going to offer us.057 then we’re going to take the dollar amount threat 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 P&L Marked Price
distinction in between the stop and the entry all right and that’s going to provide us the amount of tokens that we require to purchase in order to risk only 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have that set dollar amount fine so that suggests that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and multiply it by the entry price which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide 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 how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that suggests now I have ten thousand dollars to use okay since if we just had a hundred dollar account alright this 587 is already 5x the size of our money value of our account which makes it impossible fine so let’s go over to purchase bit here let’s state we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what occurs when we open our take advantage of all right and you’re gon na get this warning that the liquidation is high fine 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 ideal thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account all right so this leverage capability is altering absolutely nothing about the threat profile on the trade all right if you intend on trading anyways use the recommendation Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re choosing three winners a week alright we’re attempting to offer the fees that we’re gathering from the affiliate program back into the community for you guys trading with us link is listed below you can take a look at our Discord where we announce the winners alright before we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would suggest utilizing when growing a small account alright so the very first guideline is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk fine each time you double the account so when you go to 100 approximately 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there until we scale our account up a bit bigger the third thing and this is super important is everyone has a mental limit when it concerns how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics says you’re going to start feeling a little bit psychological about the trades which’s something that you truly wish to avoid up until you come comfortable doing that fine so state you work your way as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that back down to fifty dollars per trade choice that repaired amount when you wish to preserve your capital and just select a goal daily on
the money that you wish to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make 3 that three to five thousand dollars weekly 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 after that I’ll increase it you know a couple years from now go up to a thousand shot to make three to five thousand per trade and try to double my income okay so let’s enter the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai fine but what I want to do is discover an area where I have a recently developed uptrend first thing that I wish to do is recognize my wave count okay so if this is our start
first pullback is 2 largest waves as much as 3 pullback is 4 and after that the high is 5 and the method 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 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 go up to the high of one if our rate action comes down through