With low exchange costs. Trade Okx … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or saving functions, it likewise uses incredibly high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices worldwide. 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 do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
likewise supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining 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 insufficient room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various prices tiers that vary based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might receive discounts. Alternatives, swaps, and futures have their own rate schedules with differing fees.
One huge disadvantage of is that it doesn’t disclose fees for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details before continuing. If you accidentally send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you don’t usually face with standard banking platforms. Nevertheless, the very best practices for keeping your monetary accounts secure are similar. These include using strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for many consumer properties. It likewise has deals extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond 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 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 revenue at this level what we want to do is discover the difference between these worths and that’s going to give 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 Trade Okx
difference in between the entry and the stop okay which’s going to provide us the quantity of tokens that we need to buy in order to run the risk of just 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our threat benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have that set dollar quantity all right so that means that in order to find the capital requirement or the amount of money 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 fine 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 need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have ten thousand dollars to use all right since if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account that makes it impossible alright so let’s go over to buy bit here let’s say we want to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open our utilize alright and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is altering nothing about the risk profile on the trade all right if you intend on trading anyways utilize the recommendation Link in the description okay weekly we do a free gift where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars weekly we’re selecting three winners a week fine we’re trying to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can have a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the guidelines that I would suggest utilizing when growing a small account okay so the first rule 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 approximately 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit larger the third thing and this is very essential is everybody has a mental limit when it concerns just how much money they’re comfortable risking if I’m looking 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 says you’re going to start feeling a bit emotional about the trades and that’s something that you truly want to avoid till you come comfortable doing that fine so say you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that back down to fifty dollars per trade pick that repaired amount once you want to protect your capital and just choose a goal daily on
the cash that you wish 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 3 that three to five thousand dollars per week so I’m using you understand 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 go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings fine so let’s get into the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai all right but what I want to do is find an area where I have a recently established uptrend first thing that I wish to do is recognize my wave count okay so if this is our beginning
very first pullback is 2 biggest waves approximately three pullback is 4 and after that the high is 5 and the way we can try to find the top of five is by using a Fibonacci projection 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 factor of one and you can see the rate 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 boils down through