With low exchange fees. Okx обзор … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or saving functions, it also provides incredibly high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
If you’re in an area that deals with OKX, you can develop an account that offers 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 swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary 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 review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that differ 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 qualify for discount rates. Alternatives, futures, and swaps have their own rate schedules with varying charges.
One huge downside of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, concealed expense details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction information before proceeding. If you unintentionally send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not generally face with conventional banking platforms. The finest practices for keeping your financial accounts safe and secure are similar. These consist of using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most client properties. It also has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond 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 purchase 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 which we want to take revenue at this level what we want to do is discover the difference in between these values which’s going to provide 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 ten dollars and we’re going to divide it by the Okx обзор
difference in between the stop and the entry okay which’s going to give us the quantity of tokens that we require to buy in order to run the risk of just 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar quantity all right so that suggests that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and multiply it by the entry price 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 provide us 587 dollars then we require to be able to enter into this position when we’re using leverage the only thing it’s changing is how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have 10 thousand dollars to use okay due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account that makes it difficult okay so let’s go over to buy bit here let’s state we wish to take this ape trade here okay we require 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 leverage fine and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the right thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this leverage ability is changing nothing about the danger profile on the trade all right 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 greater is
going to be immediately entered to win a hundred dollars weekly we’re picking three winners a week fine we’re trying to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can take a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the rules that I would suggest using when growing a little account fine so the very first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk all right each time you double the account so when you go to 100 up to 200 fine you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there up until we scale our account up a bit bigger the third thing and this is very crucial is everybody has a mental threshold 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 three sell a row I don’t care who you are or what the math states 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 comfy doing that fine so say you work your method up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that pull back to fifty dollars per trade pick that repaired quantity once you want to maintain your capital and simply choose a goal per day on
the money that you wish to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to 5 thousand dollars weekly so I’m using you understand 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 try to make three to 5 thousand per trade and attempt to double my earnings fine so let’s enter into the bread and butter of the real 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 in fact in Dubai alright but what I want to do is find a location where I have actually a freshly developed uptrend first thing that I want to do is recognize my wave count all right so if this is our start
first pullback is 2 largest waves up to 3 pullback is four and after that the high is 5 and the way 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 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 cost action boils down through