With low exchange fees. Fees Okx … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It also offers extremely high yields in many cases when participating in staking or saving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest 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 regulative and compliance concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could 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 inadequate 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 differ based upon trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might receive discount rates. Choices, futures, and swaps have their own rate schedules with varying fees.
One big drawback of is that it does not reveal fees for withdrawals and deposits. While much of is transparent, surprise expense information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction details prior to proceeding. If you unintentionally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you do not generally face with traditional banking platforms. The finest practices for keeping your financial accounts secure are comparable. These include utilizing 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 the majority of client properties. It likewise has offers extra features like the capability 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. 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 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 wish to take earnings at this level what we want to do is find the difference in between these worths which’s going to offer us.057 then we’re going to take the dollar amount threat we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Fees Okx
distinction between the stop and the entry alright which’s going to give us the amount of tokens that we require to purchase in order to run the risk of only ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar quantity all right so that implies that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the amount of coins and multiply it by the entry rate which is this level here alright 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 require to be able to enter this position when we’re using utilize the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have 10 thousand dollars to use alright because if we just had a hundred dollar account okay this 587 is already 5x the size of our money value of our account that makes it impossible alright so let’s visit purchase bit here let’s state we wish 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 alright 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 just thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is altering nothing about the risk profile on the trade okay if you intend on trading anyways use the referral Link in the description alright weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars weekly we’re picking 3 winners a week fine we’re trying to offer 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 check out our Discord where we reveal the winners all right before we hop into the trading system that you can utilize to begin taking these trades I wish to review the guidelines that I would suggest using when growing a little account fine so the first guideline is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 up to 200 okay 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 utilize that there until we scale our account up a little bit bigger the third thing and this is extremely essential is everyone has a mental limit when it concerns how much cash they’re comfortable risking 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 mathematics says you’re going to begin feeling a bit emotional about the trades and that’s something that you truly want to prevent till you come comfortable doing that alright so state you work your method as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can stroll that pull back to fifty dollars per trade pick that repaired amount once you want to maintain your capital and just choose an objective daily on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to five thousand dollars weekly so I’m utilizing 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 understand a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my income all right so let’s get into the bread and butter of the actual 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 among the setups that I had on xrp when I was in fact in Dubai fine however what I want to do is discover an area where I have actually a recently developed uptrend first thing that I want to do is identify my wave count all right so if this is our start
very first pullback is two biggest waves approximately 3 pullback is four and after that the high is five and the way we can look for the top of five is by utilizing 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 go up to the high of one if our price action boils down through