With low exchange costs. Okx крипта … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. It also provides exceptionally high yields in some cases when participating in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces 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 don’t take users from the United States due to regulatory and compliance concerns.
If you remain in a location that deals with OKX, you can produce an account that offers you access to trade 343 area currencies.
also supports margin borrowing, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might certify for discount rates.
One huge disadvantage of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, surprise cost information are a warning that might 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 details before continuing. If you unintentionally send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t generally confront with traditional banking platforms. The best practices for keeping your monetary accounts secure are comparable. These include using strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for many customer assets. It likewise has offers extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy 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.
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 selling our position and that we want to take profit at this level what we want to do is find the distinction in between these worths which’s going to give us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx крипта
distinction in between the stop and the entry alright which’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity alright so that suggests that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and increase it by the entry cost 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 get into this position when we’re using utilize the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have ten thousand dollars to use fine since if we only had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account which makes it difficult fine so let’s go over to buy bit here let’s say we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open our utilize okay and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing alright so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account okay so this leverage capability is changing nothing about the danger profile on the trade alright if you plan on trading anyways utilize the referral Link in the description alright each week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars each week we’re choosing 3 winners a week fine we’re trying to provide the fees that we’re collecting from the affiliate program back into the community for you people trading with us link is listed below you can have a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would recommend using when growing a small account okay so the first rule is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 as much as 200 fine 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 use that there till we scale our account up a little bit larger the 3rd thing and this is extremely important is everybody has a psychological limit when it concerns just how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit emotional about the trades and that’s something that you actually wish to prevent until you come comfy doing that okay so state you work your way approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can stroll that back down to fifty dollars per trade choice that repaired quantity once you want to preserve your capital and simply pick a goal daily on
the cash that you wish to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 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 know a couple years from now move 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 absolutely 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 okay but what I want to do is discover an area where I have actually a newly established uptrend first thing that I wish to do is determine my wave count alright so if this is our start
first pullback is 2 largest waves approximately three pullback is four and then the high is 5 and the method we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that find 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 increase to the high of one if our cost action boils down through