With low exchange fees. Okx Scams … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It also provides incredibly high yields in many cases when taking part in staking or conserving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance issues.
If you remain in an area that deals with OKX, you can develop an account that offers you access to trade 343 spot currencies.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 room to list 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 vary based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may get approved for discounts. Alternatives, swaps, and futures have their own rate schedules with varying fees.
One big disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, concealed expense details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check deal details before proceeding. You likely will not recover any funds if you accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not normally face with conventional banking platforms. However, the very best practices for keeping your financial accounts safe are comparable. These consist of 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, consisting of cold storage for a lot of customer assets. It likewise has offers extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 which we want to take earnings at this level what we wish to do is discover the difference between these worths which’s going to provide us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Scams
difference between the entry and the stop alright and that’s going to provide us the amount of tokens that we require to purchase in order to run the risk of just ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar quantity all right so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the quantity 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 multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to get into this position when we’re utilizing utilize the only thing it’s altering is how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to use all right due to the fact that if we only had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account which makes it difficult alright so let’s go over to buy bit here let’s state we want 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 view what happens when we open our utilize fine and you’re gon na get this caution that the liquidation is high okay 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 best thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is altering absolutely nothing about the risk profile on the trade fine if you plan on trading anyways utilize the referral Link in the description all right each week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars weekly we’re picking 3 winners a week all right we’re attempting to give the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can have a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to begin taking these trades I wish to review the rules that I would advise utilizing when growing a small account all right so the very first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 approximately 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there till we scale our account up a little bit bigger the 3rd thing and this is very important is everyone has a mental limit when it comes to how much money they’re comfortable running the risk of if I’m looking 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 says you’re going to start feeling a bit psychological about the trades and that’s something that you really want to prevent until you come comfy doing that fine so state you work your way up to 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 all right you can walk that pull back to fifty dollars per trade choice that repaired amount when you wish to protect your capital and just pick an objective per day on
the money that you wish to make as soon as you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make three that 3 to five thousand dollars each week so I’m utilizing you understand 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 move up to a thousand shot to make three to 5 thousand per trade and try to double my income okay 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 definitely 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 okay but what I want to do is find a location where I have a recently developed uptrend first thing that I want to do is recognize my wave count all right so if this is our start
first pullback is two largest waves as much as three pullback is 4 and then the high is 5 and the method we can try to find the top of five is by utilizing a Fibonacci forecast 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 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 price action comes down through