With low exchange fees. Okcoin Okx … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It likewise provides exceptionally high yields sometimes when taking part in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares 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 an area that deals with OKX, you can create an account that gives you access to trade 343 area currencies.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining 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 inadequate space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various 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 might get approved for discount rates. Futures, alternatives, and swaps have their own rate schedules with differing charges.
One big drawback of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, surprise expense details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check transaction details before continuing. If you inadvertently send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security issues you do not usually face with standard banking platforms. The best practices for keeping your monetary accounts secure are similar. These include utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for the majority of customer possessions. It likewise has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple 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.
wanted 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 offering our position which we wish to take profit at this level what we wish to do is find the difference between these worths and that’s going to give 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 Okcoin Okx
distinction in between the entry and the stop all right which’s going to provide us the amount of tokens that we require to purchase in order to risk just ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat benefit 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 means that in order to find the capital requirement or the amount of money that we require for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here okay 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 need to be able to enter this position when we’re using take advantage of the only thing it’s altering is how much cash 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 suggests now I have 10 thousand dollars to use fine since if we only had a hundred dollar account all right this 587 is already 5x the size of our cash value of our account which makes it difficult alright so let’s go over to purchase bit here let’s state we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open our take advantage of all right and you’re gon na get this warning that the liquidation is high alright 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 right thing fine so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is altering absolutely nothing about the risk profile on the trade okay if you plan on trading anyways use the referral Link in the description fine weekly we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars weekly we’re choosing three winners a week alright we’re attempting to offer the fees that we’re gathering from the affiliate program back into the community for you men trading with us connect is listed below you can check out our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to start taking these trades I want to go over the rules that I would advise using when growing a little account fine so the first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 up to 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there until we scale our account up a little bit larger the 3rd thing and this is very essential is everyone has a mental limit when it comes 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 trades in a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit psychological about the trades which’s something that you actually want to prevent till you come comfortable doing that all right so state you work your method up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that pull back to fifty dollars per trade choice that repaired quantity once you wish to maintain your capital and simply select a goal per day on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to 5 thousand dollars weekly so I’m utilizing you learn about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you know a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings okay so let’s get into the support of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai alright but what I wish to do is discover an area where I have actually a freshly developed uptrend first thing that I wish to do is identify my wave count okay so if this is our start
first pullback is 2 biggest waves up to 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 projection off of our one wave so if this is our one value I’m gon na click here click back here and after that discover my aspect 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 cost action boils down through