With low exchange fees. Withdrawal Fee Okx … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When participating in staking or conserving features, it likewise provides incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
1
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
If you’re in a location that works with OKX, you can develop an account that provides you access to trade 343 spot currencies.
1
likewise supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
2
Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
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 qualify for discounts.
One big downside of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, covert expense details are a warning that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal details before continuing. You likely will not recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t typically confront with traditional banking platforms. The best practices for keeping your financial accounts secure are comparable. These consist of using strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many client assets. 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 simple for anyone outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find 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 which we wish to take profit at this level what we wish to do is find the distinction in between these worths and that’s going to provide 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 Withdrawal Fee Okx
difference between the entry and the stop all right which’s going to provide us the quantity of tokens that we require to buy in order to run the risk of only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar quantity alright so that means that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering is how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have 10 thousand dollars to utilize okay because if we only had a hundred dollar account alright this 587 is already 5x the size of our money value of our account which makes it difficult alright so let’s go over to purchase bit here let’s say we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what occurs when we open up our take advantage of okay 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 right thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this leverage ability is changing nothing about the threat profile on the trade okay if you plan on trading anyways use the recommendation Link in the description fine each week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars weekly we’re selecting 3 winners a week all right we’re attempting to offer 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 take a look at our Discord where we reveal the winners all right before we hop into the trading system that you can utilize to start taking these trades I want to go over the rules that I would advise using when growing a little account all right so the very first rule is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 up to 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there till we scale our account up a little bit larger the third thing and this is incredibly crucial is everyone has a psychological limit when it concerns just how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly wish to avoid up until you come comfortable doing that fine 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 and that’s excessive for you all right you can stroll that pull back to fifty dollars per trade choice that fixed quantity as soon as you wish to maintain your capital and just choose an objective each day on
the money that you want to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that 3 to five thousand dollars each week so I’m using 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 know a couple years from now go up to a thousand shot to make three to 5 thousand per trade and attempt to double my income alright so let’s enter into the bread and butter of the real 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 actually in Dubai alright but what I want to do is find an area where I have actually a freshly established uptrend first thing that I want to do is determine my wave count fine so if this is our start
first pullback is two largest waves approximately 3 pullback is four and after that the high is five and the way we can look for the top of five is by utilizing a Fibonacci projection 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 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 rate action boils down through