With low exchange fees. Jay Hao Okx … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. When getting involved in staking or saving functions, it also provides extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list 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 big holding in the OKB currency may qualify for discounts.
One big disadvantage of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, hidden cost details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details before continuing. If you unintentionally send out funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t typically face with traditional banking platforms. The finest practices for keeping your financial accounts safe and secure are similar. These include using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many customer possessions. It also has offers extra features like the ability to set up 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 have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 wish to take profit at this level what we wish to do is find the distinction between these worths and that’s going to give us.057 then we’re going to take the dollar quantity risk 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 Jay Hao Okx
distinction in between the stop and the entry all right and that’s going to provide us the amount of tokens that we need to buy in order to risk just ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity okay so that means that in order to find the capital requirement or the amount of money that we need for this trade we have to take the amount of coins and increase 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 offer us 587 dollars then we require to be able to enter into this position when we’re utilizing leverage 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 leverage that suggests now I have ten thousand dollars to utilize alright because if we only had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it impossible fine so let’s go over to purchase 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 view what occurs when we open up our utilize okay and you’re gon na get this warning that the liquidation is high okay 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 all right so now just 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 danger profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description alright weekly we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars weekly we’re choosing three winners a week okay we’re attempting to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you men 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 start taking these trades I wish to discuss the rules that I would suggest utilizing when growing a small account alright so the first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat alright each time you double the account so when you go to 100 up to 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there till we scale our account up a bit larger the 3rd thing and this is extremely crucial is everyone has a psychological threshold when it concerns how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three 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 which’s something that you really want to avoid up until you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can walk that pull back to fifty dollars per trade choice that repaired amount when you wish to maintain your capital and just choose an objective daily on
the money that you want to make when you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to five thousand dollars weekly 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 try to make three to five thousand per trade and attempt to double my earnings okay so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai okay however what I want to do is discover an area where I have a recently developed uptrend first thing that I wish to do is identify my wave count alright so if this is our start
first pullback is two biggest waves approximately 3 pullback is 4 and after that the high is 5 and the method we can search for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that find my factor 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 increase to the high of one if our rate action boils down through