With low exchange costs. Okx Promotion … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. It also provides exceptionally high yields in many cases when participating in staking or saving features.
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 in the world 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 regulatory and compliance concerns.
You can produce an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based upon trade volume and account holdings. 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 get approved for discount rates. Choices, swaps, and futures have their own rate schedules with differing charges.
One big downside of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, surprise expense information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction details before proceeding. If you mistakenly send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you do not typically confront with traditional banking platforms. However, the very best practices for keeping your monetary accounts secure are similar. These consist of using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of consumer assets. It also has offers extra features 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 registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 which we wish to take revenue at this level what we want to do is discover the difference between these values which’s going to give us.057 then we’re going to take the dollar quantity threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Promotion
distinction between the entry and the stop fine which’s going to give us the amount of tokens that we need to buy in order to risk just 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity okay so that means that in order to find the capital requirement or the amount of cash that we require for this trade we have 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 multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re using take advantage of the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have ten thousand dollars to utilize okay since if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account which makes it difficult fine so let’s visit purchase bit here let’s state we wish 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 enjoy what happens when we open our leverage alright and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying 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 use for this position is twelve dollars which is 12 of our entire account fine so this take advantage of capability is changing nothing about the threat profile on the trade okay if you intend on trading anyways use the recommendation Link in the description alright each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars per week we’re selecting three winners a week okay we’re attempting to give the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would suggest using when growing a small account all right so the first guideline is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat all right each time you double the account so when you go to 100 up to 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a little bit bigger the 3rd thing and this is extremely essential is everyone has a mental threshold when it comes to how much cash they’re comfortable risking if I’m taking a look 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 states you’re going to begin feeling a little bit emotional about the trades which’s something that you actually wish to avoid till you come comfortable doing that okay so state you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that back down to fifty dollars per trade pick that repaired quantity when you wish to protect your capital and simply select a goal each day on
the cash that you want to make when you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars each week so I’m utilizing you learn 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 shot to make 3 to 5 thousand per trade and try to double my earnings okay so let’s get into the support of the actual trading this is a system that I have actually 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 actually in Dubai okay however what I want to do is discover a location where I have a recently established uptrend first thing that I want to do is determine my wave count alright so if this is our start
very first pullback is two biggest waves as much as three pullback is 4 and then the high is five and the method we can try to find the top of five is by utilizing a Fibonacci projection 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 find my aspect of one and you can see the price 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