With low exchange fees. What Coins Can I Leverage Trade With In Okxs … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It also offers exceptionally high yields in many cases when taking part in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
You can produce an account that gives you access to trade 343 spot currencies if you’re in an area 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. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different rates tiers that differ 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 large holding in the OKB currency may receive discounts. Choices, futures, and swaps have their own rate schedules with differing charges.
One big downside of is that it does not divulge costs for withdrawals and deposits. While much of is transparent, hidden expense details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details prior to proceeding. You likely won’t recover any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you do not typically face with traditional banking platforms. Nevertheless, the very best practices for keeping your financial accounts secure are comparable. These include utilizing strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most client assets. 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 easy for anyone outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 selling our position and that we want to take revenue at this level what we want to do is find the distinction in between these worths and that’s going to give us.057 then we’re going to take the dollar quantity risk 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 What Coins Can I Leverage Trade With In Okxs
distinction in between the stop and the entry fine 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 fine if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have that set dollar amount okay so that suggests that in order to find the capital requirement or the quantity 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 increased by 3.35 which’s going to give us 587 dollars then we require to be able to enter into this position when we’re using utilize the only thing it’s altering 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 utilize that suggests now I have 10 thousand dollars to utilize all right because if we just had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account which makes it impossible all right so let’s go over to buy bit here let’s say we wish to take this ape trade here okay 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 our utilize all right 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 risking that ten dollars you are safe and you’re doing the best thing fine so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of ability is changing absolutely nothing about the threat profile on the trade okay if you plan on trading anyways utilize the recommendation Link in the description okay weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars per week we’re choosing three winners a week okay we’re attempting to provide the charges that we’re gathering 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 alright prior to we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would recommend utilizing when growing a little account alright so the very first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger okay each time you double the account so when you go to 100 as much as 200 alright you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is very important is everybody has a mental limit when it pertains to just 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 mathematics says you’re going to start feeling a little bit psychological about the trades and that’s something that you truly wish to avoid up until you come comfy doing that all right so state you work your method approximately 200 to 500 to a thousand alright and after that 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 once you want to preserve your capital and simply pick an objective daily on
the cash that you want to make when 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 3 to 5 thousand dollars per 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 then I’ll increase it you understand a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and attempt 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 marketplaces with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai alright however what I want to do is find a location where I have a recently developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
first pullback is two biggest waves as much as 3 pullback is four and after that the high is 5 and the method we can try to find the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and after that find my factor 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 price action boils down through