With low exchange fees. Can’t Open Okx … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or saving functions, it likewise uses exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site declares 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 gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you use 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 room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different prices tiers that vary 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 big holding in the OKB currency may get approved for discounts. Futures, swaps, and options have their own rate schedules with differing costs.
One huge downside of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, surprise expense details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information prior to continuing. If you mistakenly send out funds to the wrong 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 best practices for keeping your monetary accounts secure are comparable. These consist of using strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for a lot of customer possessions. It also has offers additional features like the capability to establish 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’ve ever registered for another cryptocurrency exchange or stock exchange 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 wish to take revenue at this level what we wish to do is discover the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Can’t Open Okx
distinction in between the entry and the stop okay and that’s going to provide us the amount of tokens that we require to buy in order to run the risk of only ten 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 risk reward and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar amount all right so that suggests that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and increase it by the entry price which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we need to be able to enter into this position when we’re utilizing take advantage of the only thing it’s altering is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have 10 thousand dollars to utilize fine because if we only had a hundred dollar account all right this 587 is already 5x the size of our cash value of our account that makes it difficult okay so let’s go over to buy bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open up our leverage okay and you’re gon na get this caution that the liquidation is high fine 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 fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account okay so this leverage ability is changing nothing about the risk profile on the trade alright if you intend on trading anyways use the referral Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars per week we’re picking 3 winners a week all right we’re trying to give the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed below you can take a look at our Discord where we reveal the winners okay before we hop into the trading system that you can utilize to begin taking these trades I want to discuss the rules that I would advise using when growing a little account alright so the first guideline is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk fine each time you double the account so when you go to 100 up to 200 all right 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 utilize that there up until we scale our account up a bit bigger the 3rd thing and this is incredibly important is everyone has a mental threshold when it concerns 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 3 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 psychological about the trades and that’s something that you truly want to prevent up until you come comfy doing that all right so say you work your method approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that back down to fifty dollars per trade choice that repaired amount as soon as you wish to maintain your capital and simply select an objective each day on
the money that you wish to make when you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars per week 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 then I’ll increase it you understand a couple years from now go up to a thousand try to make 3 to five thousand per trade and attempt to double my earnings alright so let’s get into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai all right however what I want to do is find an area where I have actually a recently established uptrend first thing that I want to do is determine my wave count fine so if this is our start
very first pullback is two largest waves approximately three pullback is 4 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 value I’m gon na click on this link click back here and after that find my element 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