With low exchange charges. Okx セキュリティ … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. It also uses remarkably high yields in some cases when participating in staking or saving features.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces around the globe. 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 countries. They don’t take users from the United States due to regulatory and compliance concerns.
If you’re in an area that deals with OKX, you can create an account that gives you access to trade 343 spot currencies.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining 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 inadequate room 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 different prices tiers that vary based on 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 discounts. Swaps, futures, and choices 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, hidden expense information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction information prior to proceeding. If you unintentionally send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security concerns you do not usually face with conventional banking platforms. However, the very best practices for keeping your financial accounts protected are comparable. These consist of utilizing strong passwords distinct 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 many customer properties. It likewise has offers additional features like the capability 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 discover 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 significance that if we’re wrong and it continues moving down we’re selling our position which we want to take earnings at this level what we want to do is discover the distinction in between these values and that’s going to offer us.057 then we’re going to take the dollar amount risk 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 セキュリティ
distinction between the entry and the stop okay and that’s going to give us the quantity of tokens that we need to purchase in order to risk only ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to be able 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 that set dollar quantity okay so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and increase it by the entry price which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 which’s going to give us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s altering 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 leverage that means now I have ten thousand dollars to utilize fine because if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account which makes it impossible alright so let’s go over to buy bit here let’s say we want 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 happens when we open up our take advantage of fine and you’re gon na get this warning that the liquidation is high all right 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 ideal thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is changing nothing about the threat profile on the trade fine if you intend on trading anyways utilize the recommendation Link in the description alright every week we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re choosing three winners a week okay we’re trying to provide the costs that we’re gathering from the affiliate program back into the community for you men trading with us link is 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 guidelines that I would advise utilizing when growing a little account alright so the very first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that ten dollar threat fine each time you double the account so when you go to 100 as much as 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there until we scale our account up a little bit larger the third thing and this is very essential is everybody has a psychological limit when it comes to how much money they’re comfortable risking if I’m looking 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 math says you’re going to begin feeling a little bit emotional about the trades which’s something that you actually wish to prevent up until you come comfy doing that all right so say you work your method approximately 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 stroll that back down to fifty dollars per trade pick that fixed amount when you want to maintain your capital and simply choose an objective daily on
the money that you wish to make as soon as you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars each week 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 five thousand per trade and try to double my income all right so let’s get into the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai all right but what I wish to do is discover an area where I have a freshly established uptrend first thing that I want to do is determine my wave count all right so if this is our start
very first pullback is 2 largest waves as much as 3 pullback is four and then the high is 5 and the method we can search for the top of 5 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 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