With low exchange fees. Okx Referral Commission … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It also offers exceptionally high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest 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.
You can produce an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
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. could 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 not enough space to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates 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 discounts. Swaps, choices, and futures have their own rate schedules with varying fees.
One huge drawback of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal details before proceeding. If you accidentally send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you don’t usually confront with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are comparable. These include using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for the majority of client possessions. It likewise has offers extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple 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 purchase 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 and that we wish to take earnings at this level what we wish to do is find the difference in between these worths which’s going to give us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Referral Commission
distinction in between the stop and the entry alright which’s going to give us the amount of tokens that we need to buy in order to run the risk of only ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount okay so that implies that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and increase 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 need to be able to get into this position when we’re using utilize the only thing it’s changing is how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have ten thousand dollars to utilize alright due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account that makes it difficult okay so let’s go over to purchase bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place 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 risking that 10 dollars you are safe and you’re doing the best thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this take advantage of capability is changing absolutely nothing about the danger profile on the trade okay if you plan on trading anyways utilize the referral Link in the description alright every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars per week we’re choosing 3 winners a week alright we’re attempting to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we announce the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I want to review the guidelines that I would recommend utilizing when growing a small account fine so the first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 up to 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there up until we scale our account up a little bit larger the third thing and this is super important is everyone has a psychological limit when it comes to 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 3 trades in a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit psychological about the trades and that’s something that you actually want to avoid up until you come comfy doing that all right so state 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 which’s excessive for you alright you can walk that back down to fifty dollars per trade pick that repaired amount as soon as you wish to protect your capital and just select a goal each day on
the cash that you want to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make 3 that three to five thousand dollars each week so I’m utilizing 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 go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings all right so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai alright however what I wish to do is discover a location where I have actually a newly developed uptrend first thing that I wish to do is identify my wave count okay so if this is our start
very first pullback is 2 largest waves as much as 3 pullback is 4 and then the high is five and the way we can look for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find my element 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 increase to the high of one if our cost action boils down through