With low exchange fees. Okx Pregled … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When getting involved in staking or saving features, it likewise offers extremely high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
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 issues.
You can produce an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
also 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing 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. Choices, futures, and swaps have their own rate schedules with varying fees.
One huge downside of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely will not recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not generally face with conventional banking platforms. The finest practices for keeping your monetary accounts protected are comparable. These consist of utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of consumer properties. It also has deals extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 offering our position which we want to take earnings at this level what we wish to do is find the difference between these values and that’s going to offer us.057 then we’re going to take the dollar quantity risk 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 Pregled
distinction between the stop and the entry alright which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our danger reward and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar amount all right so that implies that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and increase it by the entry price which is this level here all right 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 enter into this position when we’re utilizing utilize the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have 10 thousand dollars to use alright since if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account which makes it impossible fine so let’s go over to buy 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 see what happens when we open up our take advantage of fine and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage ability is changing nothing about the threat profile on the trade alright if you plan on trading anyways use the referral Link in the description alright weekly we do a free gift where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re picking three winners a week alright we’re attempting to offer the costs that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can take a look at our Discord where we reveal the winners fine before we hop into the trading system that you can use to begin taking these trades I want to review the guidelines that I would suggest using when growing a small account alright so the very first guideline is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat okay each time you double the account so when you go to 100 approximately 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there until we scale our account up a little bit larger the 3rd thing and this is extremely important 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 emotional about the trades and that’s something that you truly want to avoid until you come comfy doing that all right so say 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 which’s too much for you okay you can stroll that pull back to fifty dollars per trade choice that repaired quantity once you wish to maintain your capital and just pick an objective per day on
the cash that you want to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 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 move up to a thousand try to make three to 5 thousand per trade and try to double my income alright so let’s enter the bread and butter of the actual 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 reveal you among the setups that I had on xrp when I was actually in Dubai okay however what I wish to do is discover an area where I have actually a freshly established uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
first pullback is 2 largest waves approximately three pullback is 4 and then the high is 5 and the method we can search for the top of 5 is by using 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 then find my aspect 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 cost action boils down through