With low exchange fees. Okx 取引方法 … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When getting involved in staking or saving features, it likewise offers remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 nations. 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, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 not enough room to note 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 may receive discount rates. Futures, swaps, and choices have their own rate schedules with varying charges.
One big disadvantage of is that it doesn’t disclose fees for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check deal information prior to continuing. If you accidentally send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t normally face with standard banking platforms. The finest practices for keeping your monetary accounts protected are similar. These include utilizing strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most consumer possessions. It likewise has offers extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted 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 offer us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx 取引方法
difference in between the entry and the stop okay and that’s going to offer us the quantity of tokens that we need to purchase in order to risk only 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so ensure that you’re refraining from 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 amount of coins and increase it by the entry price which is this level here all right 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 utilizing leverage the only thing it’s altering is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have 10 thousand dollars to utilize fine due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account which makes it difficult fine so let’s visit buy bit here let’s say we want to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open up our utilize alright and you’re gon na get this warning that the liquidation is high okay 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 okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is changing nothing about the threat profile on the trade alright if you plan on trading anyways utilize the referral Link in the description fine each week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars weekly we’re picking three winners a week fine we’re trying to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can take a look at our Discord where we announce the winners fine before 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 suggest using when growing a small account fine so the first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 as much as 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there up until we scale our account up a little bit bigger the third thing and this is incredibly important is everybody has a psychological limit when it comes to just how much cash 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 says you’re going to begin feeling a bit emotional about the trades and that’s something that you actually want to prevent up until you come comfortable doing that fine so say you work your method up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that pull back to fifty dollars per trade choice that repaired amount once you wish to preserve your capital and just choose an objective each day on
the money that you wish to make when you get up to a comfy limit where it’s fitting your income goals so for me personally you know I like to make 3 that three to five thousand dollars per week so I’m utilizing you know 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 understand a couple years from now go up to a thousand try to make 3 to five thousand per trade and attempt to double my earnings fine so let’s enter into the bread and butter 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 absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai all right but what I want to do is discover a location where I have a recently developed uptrend first thing that I wish to do is recognize my wave count fine so if this is our start
very first pullback is 2 largest waves as much as three pullback is four and then the high is 5 and the way we can try to find the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find my element of one and you can see the price 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