With low exchange costs. Bitgert Okx … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or conserving features, it also provides incredibly high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims 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 create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 space 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 various pricing tiers that differ based upon 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 may qualify for discounts. Futures, options, and swaps have their own rate schedules with varying fees.
One huge downside of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. You likely won’t recuperate any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not generally confront with conventional banking platforms. The finest practices for keeping your financial accounts secure are comparable. These include utilizing strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of customer possessions. It also has offers additional 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 beyond the United States. You will discover a familiar experience at OKX if you’ve 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 which we wish to take earnings at this level what we want to do is find the distinction in between these values which’s going to give us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Bitgert Okx
difference in between the stop and the entry okay which’s going to offer us the quantity of tokens that we require to purchase in order to risk only 10 dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar amount fine so that implies that in order to discover the capital requirement or the amount of money that we need for this trade we need to take the amount of coins and multiply it by the entry cost 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 offer us 587 dollars then we need to be able to enter this position when we’re utilizing take advantage of the only thing it’s changing is how much money 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 10 thousand dollars to use all right since if we only had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account which makes it difficult fine so let’s visit purchase bit here let’s say we want 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 view what occurs when we open up our utilize all right and you’re gon na get this warning that the liquidation is high alright 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 just thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this leverage ability is altering nothing about the danger profile on the trade alright if you plan on trading anyways use the recommendation Link in the description all right weekly we do a free gift where anyone trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars each week 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 check out our Discord where we announce the winners okay before we hop into the trading system that you can use to begin taking these trades I want to review the guidelines that I would advise using when growing a small account okay so the first rule is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk all right each time you double the account so when you go to 100 as much as 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there until we scale our account up a bit larger the third thing and this is super crucial is everyone has a psychological threshold when it comes to how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit emotional 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 as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that back down to fifty dollars per trade pick that repaired amount once you wish to protect your capital and simply select an objective each day on
the cash that you wish to make once 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 per 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 after that I’ll increase it you understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my earnings all right so let’s get into the support of the real trading this is a system that I’ve 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 fine however what I want to do is discover a location where I have a recently developed uptrend first thing that I want to do is identify my wave count fine so if this is our start
first pullback is 2 largest waves approximately three pullback is four and after that the high is five and the method we can try to find the top of 5 is by utilizing 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 then 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 go up to the high of one if our rate action comes down through