With low exchange fees. Okx Promo Code Reddit … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When participating in staking or saving functions, it also offers remarkably high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares 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 an area that deals with OKX, you can produce an account that gives you access to trade 343 spot currencies.
Supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note 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 large holding in the OKB currency might certify for discounts.
One big disadvantage of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, hidden cost details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely will not recover any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you don’t typically face with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts secure are similar. These include using 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 freezer for most customer properties. It also has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market 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 selling our position and that we want to take profit at this level what we want to do is find the distinction in between these worths which’s going to offer us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Promo Code Reddit
distinction in between the entry and the stop fine and that’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity alright so that suggests that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we require to be able to enter into this position when we’re utilizing take advantage of the only thing it’s altering is how much cash 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 okay because if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account which makes it difficult okay so let’s visit buy 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 okay and you’re gon na get this caution that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is changing nothing about the danger profile on the trade fine if you intend on trading anyways utilize the recommendation Link in the description okay weekly we do a free gift where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars per week we’re selecting three winners a week all right we’re attempting to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is listed below you can take a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to start taking these trades I want to go over the guidelines that I would suggest utilizing when growing a little account all right so the first rule is start with the dollar quantity danger per trade 10 of beginning 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 approximately 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there till we scale our account up a bit larger the 3rd thing and this is extremely crucial is everyone has a mental limit when it concerns just 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 trades in a row I don’t care who you are or what the math states you’re going to begin feeling a bit psychological about the trades and that’s something that you truly want to avoid until you come comfortable doing that all right so say you work your way approximately 200 to 500 to a thousand okay and then 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 once you wish to preserve your capital and just choose a goal per day on
the money that you wish to make when you get up to a comfy limit where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars each 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 then I’ll increase it you understand a couple years from now move up to a thousand try to make three to five thousand per trade and try to double my earnings all right 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 absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai alright however what I want to do is discover an area where I have actually a freshly developed uptrend first thing that I want to do is identify my wave count all right so if this is our beginning
very first pullback is 2 biggest waves approximately three pullback is four and then the high is five and the way we can look for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one value 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