With low exchange costs. Can I Have Two Okx Accounts … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It also uses exceptionally high yields in some cases when taking part in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you’re in an area that works with OKX, you can create an account that offers you access to trade 343 spot currencies.
also supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might 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 not enough space to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that vary 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 large holding in the OKB currency might qualify for discounts. Swaps, alternatives, and futures have their own rate schedules with differing costs.
One huge downside of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, surprise expense details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction information prior to continuing. You likely will not recover any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not typically face with standard banking platforms. However, the best practices for keeping your financial accounts safe are comparable. These include utilizing strong passwords unique 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 the majority of customer properties. It also has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wanted to buy apecoin at this level put our stop loss down at this level meaning that if we’re wrong and it continues moving down we’re offering our position which we want to take earnings at this level what we want to do is find the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Can I Have Two Okx Accounts
difference between the entry and the stop okay and that’s going to provide us the quantity of tokens that we need to purchase in order to risk just ten dollars all right if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar quantity all right so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the amount of coins and increase 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 get into this position when we’re using utilize the only thing it’s changing is just 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 suggests now I have ten thousand dollars to utilize alright due to the fact that 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 impossible okay so let’s go over to purchase bit here let’s say we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open our utilize alright and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing all right so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this utilize capability is altering nothing about the threat profile on the trade okay if you intend on trading anyways utilize the referral Link in the description all right each week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars each week we’re selecting three winners a week okay we’re attempting to give the charges that we’re collecting from the affiliate program back into the community for you men trading with us link is listed below you can take a look at our Discord where we reveal the winners alright before we hop into the trading system that you can utilize to begin taking these trades I wish to go over the guidelines that I would advise utilizing when growing a little account okay so the first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there till we scale our account up a bit bigger the 3rd thing and this is extremely crucial is everyone has a psychological limit when it pertains to 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 three sell a row I don’t care who you are or what the math says you’re going to begin feeling a little bit psychological about the trades which’s something that you actually want to avoid until you come comfortable doing that all right so say you work your way up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that back down to fifty dollars per trade pick that repaired quantity when you want to maintain your capital and simply select a goal per day on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make three that three to 5 thousand dollars weekly so I’m using 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 know a couple years from now move up to a thousand try to make 3 to five thousand per trade and attempt to double my earnings alright so let’s enter the bread and butter of the actual 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 all right but what I wish to do is discover a location where I have actually a newly developed uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
very first pullback is 2 biggest waves as much as 3 pullback is 4 and then the high is 5 and the way we can try to find the top of 5 is by utilizing 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 aspect of one and you can see the price 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