With low exchange fees. Can You Buy Shares On Okx … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. When participating in staking or conserving features, it also provides remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
You can create an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may certify for discount rates.
One huge downside of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you inadvertently send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you do not generally face with traditional banking platforms. The finest practices for keeping your financial accounts protected are comparable. These include 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 a lot of client properties. It also has offers additional functions 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 discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 and that we want to take earnings at this level what we wish to do is discover the difference between these values which’s going to offer us.057 then we’re going to take the dollar amount danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Can You Buy Shares On Okx
distinction in between the entry and the stop okay which’s going to give us the quantity of tokens that we need to purchase in order to run the risk of just 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar amount fine so that suggests that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s altering is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have 10 thousand dollars to utilize alright due to the fact that if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account that makes it difficult alright so let’s go over to buy bit here let’s state we wish to take this ape trade here alright we require 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 okay 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 running the risk of that ten dollars you are safe and you’re doing the best thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this utilize ability is changing nothing about the threat profile on the trade alright if you intend on trading anyways utilize the referral Link in the description alright each week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars per week we’re choosing three winners a week all right we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us connect is below you can take a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would recommend using when growing a little account fine so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 approximately 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there till we scale our account up a bit larger the third thing and this is extremely important is everybody has a mental threshold when it comes to how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math states you’re going to begin feeling a bit emotional about the trades and that’s something that you really want to prevent till you come comfortable doing that okay so say you work your method up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can stroll that pull back to fifty dollars per trade choice that repaired quantity when you wish to protect your capital and just pick an objective each day on
the money that you wish to make once you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make 3 that three to five thousand dollars each week so I’m utilizing you learn 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 shot to make 3 to five thousand per trade and try to double my income alright so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the markets 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 actually in Dubai fine however what I want to do is discover an area where I have actually a newly developed uptrend first thing that I wish to do is identify my wave count all right so if this is our start
very first pullback is two largest waves approximately three pullback is four and after that the high is 5 and the way 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 worth I’m gon na click here click back here and then discover 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 increase to the high of one if our rate action boils down through