With low exchange fees. Does Okx Charge Transaction Fees … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When participating in staking or conserving features, it also uses incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world 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 regulative and compliance concerns.
You can develop an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining 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 space 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 various rates 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. Swaps, options, and futures have their own rate schedules with differing fees.
One big disadvantage of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, surprise expense details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. You likely will not recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not generally face with standard banking platforms. However, the very best practices for keeping your monetary accounts protected 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 uses industry-standard security practices, consisting of cold storage for most client assets. It likewise has offers extra functions 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. You will find 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 meaning that if we’re wrong and it continues moving down we’re selling our position and that we wish 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 10 dollars and we’re going to divide it by the Does Okx Charge Transaction Fees
distinction between the entry and the stop okay and that’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have actually that set dollar quantity okay so that indicates that in order to discover the capital requirement or the quantity of money 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 alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we require to be able to get into this position when we’re using take advantage of the only thing it’s altering is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to use fine since if we just had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account that makes it impossible okay so let’s go over to buy bit here let’s say we wish 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 watch what takes place when we open up our utilize all right and you’re gon na get this caution that the liquidation is high fine 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 okay so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of capability is altering absolutely nothing about the threat profile on the trade all right if you plan on trading anyways use the referral Link in the description all right each week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars weekly we’re choosing three winners a week alright we’re attempting to offer the charges that we’re collecting from the affiliate program back into the community for you people trading with us link is below you can take a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would advise using when growing a little account okay so the very first guideline is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 up to 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there up until we scale our account up a little bit larger the third thing and this is incredibly crucial is everybody has a psychological 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 three sell a row I don’t care who you are or what the math says you’re going to start feeling a bit emotional about the trades which’s something that you truly wish to prevent until you come comfy doing that all right 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 excessive for you okay you can walk that pull back to fifty dollars per trade pick that repaired quantity when you want to protect your capital and just select an objective per day on
the cash that you want to make once you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars each week so I’m using you learn about 2.5 percent of my entire 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 three to 5 thousand per trade and attempt to double my income fine so let’s enter into the support of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai alright but 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 determine my wave count fine so if this is our start
first pullback is 2 biggest waves approximately three pullback is four and then the high is five and the way we can look for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find 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 price action comes down through