With low exchange fees. Phemex Vs Okx Fees … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving functions, it likewise offers extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices 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 don’t take users from the United States due to regulatory and compliance concerns.
You can produce an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may certify for discounts.
One huge disadvantage of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, covert expense details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction details prior to proceeding. If you accidentally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t generally face with conventional banking platforms. However, the very best practices for keeping your monetary accounts secure are similar. These consist of utilizing strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for the majority of customer properties. It likewise 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 signed up 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 and that we want to take profit at this level what we want to do is find the difference in between these values which’s going to offer us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Phemex Vs Okx Fees
difference between the entry and the stop all right which’s going to provide us the amount of tokens that we need to buy in order to run the risk of only ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you require to have that set dollar amount fine so that indicates that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the quantity of coins and increase it by the entry price 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 enter this position when we’re utilizing utilize the only thing it’s changing 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 ten thousand dollars to use alright since if we only had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account which makes it impossible all right so let’s go over to purchase bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open up our utilize fine 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 risking that ten dollars you are safe and you’re doing the right thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing absolutely nothing about the threat profile on the trade all right if you intend on trading anyways use the referral Link in the description alright each week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars each week we’re choosing 3 winners a week okay we’re trying to give the charges that we’re collecting from the affiliate program back into the community for you people trading with us connect is listed below you can have a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can use to start taking these trades I want to review the rules that I would advise using when growing a small account fine so the first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 up to 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up 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 pertains to just how much cash 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 bit emotional about the trades which’s something that you really want to prevent until you come comfy doing that okay 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 okay you can walk that pull back to fifty dollars per trade pick that fixed amount when you want to protect your capital and just choose a goal each day on
the cash that you want to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make three that 3 to five thousand dollars weekly 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 understand a couple years from now move up to a thousand shot to make three to five 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’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai okay however what I want to do is find an area where I have a freshly established uptrend first thing that I wish to do is identify my wave count alright so if this is our beginning
first pullback is 2 biggest waves up to three pullback is 4 and after that the high is five and the way we can search for the top of 5 is by utilizing 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 after that 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 go up to the high of one if our rate action comes down through