With low exchange fees. Đánh Giá Sàn Okx … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It likewise offers remarkably high yields sometimes when participating in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance issues.
If you’re in a location that works with OKX, you can produce an account that provides you access to trade 343 area currencies.
likewise 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 location 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 rates 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 may get approved for discounts. Swaps, futures, and choices have their own rate schedules with differing fees.
One huge downside of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, hidden expense information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. You likely will not recuperate any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you don’t normally confront with conventional banking platforms. However, the best practices for keeping your financial accounts secure are similar. These consist of utilizing strong passwords unique 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 most customer assets. It also has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody 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 purchase 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 selling our position and that we wish to take profit at this level what we wish to do is find the distinction between these values which’s going to provide us.057 then we’re going to take the dollar amount threat 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 Đánh Giá Sàn Okx
difference in between the stop and the entry fine and that’s going to offer us the amount of tokens that we require to buy in order to risk just ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar quantity 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 amount of coins and increase it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’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 require to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that means now I have ten thousand dollars to use okay because if we just had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account that makes it difficult okay so let’s visit buy bit here let’s state 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 view what occurs when we open up our utilize fine and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring 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 need to use for this position is twelve dollars which is 12 of our entire account all right so this leverage ability is changing absolutely nothing about the risk profile on the trade okay if you plan on trading anyways utilize the referral Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re picking three winners a week okay we’re attempting to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is below you can have a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can use to begin taking these trades I wish to review the guidelines that I would recommend utilizing when growing a small account okay so the first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 up to 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there till we scale our account up a bit larger the third thing and this is super crucial is everyone has a psychological threshold when it pertains 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 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 and that’s something that you truly wish to prevent up until you come comfortable doing that alright so say you work your way as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can walk that pull back to fifty dollars per trade choice that repaired amount once you wish to maintain your capital and just select a goal each day on
the cash that you want to make when you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make 3 that 3 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 understand a couple years from now move up to a thousand shot to make 3 to 5 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 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 wish to do is find a location where I have actually a newly established uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
first pullback is two largest waves as much as 3 pullback is 4 and after that the high is 5 and the way we can look for the top of five is by using 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 then find my element of one and you can see the rate 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 price action boils down through