With low exchange charges. Okx 15 Apy … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When getting involved in staking or saving features, it also offers extremely high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 regulatory and compliance concerns.
If you remain in a location that deals with OKX, you can produce an account that provides you access to trade 343 area currencies.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could 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 not enough space to list them all in our OKX evaluation. 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 big holding in the OKB currency may qualify for discount rates.
One big disadvantage of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction details before continuing. If you inadvertently send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security concerns you don’t normally confront with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are similar. These consist of using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most customer 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 find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 offering our position and that we wish to take earnings at this level what we wish to do is find the difference in between these values which’s going to offer us.057 then we’re going to take the dollar quantity danger 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 15 Apy
distinction between the stop and the entry okay and that’s going to offer us the quantity of tokens that we require to buy in order to run the risk of just 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our risk reward 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 suggests that in order to find the capital requirement or the amount of money that we require for this trade we have to take the amount 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 require to be able to enter this position when we’re using take advantage of the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have ten thousand dollars to utilize fine since if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account which makes it difficult alright so let’s go over to buy bit here let’s state 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 takes place when we open up our utilize okay and you’re gon na get this warning that the liquidation is high okay 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 fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is altering absolutely nothing about the threat profile on the trade okay if you intend on trading anyways use the referral Link in the description alright weekly we do a free gift where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re choosing three winners a week okay we’re attempting to provide the costs that we’re gathering from the affiliate program back into the community for you men trading with us connect 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 utilize to start taking these trades I want to review the guidelines that I would suggest utilizing when growing a little account alright so the very first guideline is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat okay 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 threshold get comfortable with the dollar quantity and use that there until we scale our account up a bit bigger the third thing and this is incredibly essential is everyone has a mental limit when it comes to how much money they’re comfortable running the risk of 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 math says you’re going to begin feeling a bit emotional about the trades which’s something that you actually wish to prevent till you come comfy doing that okay so state you work your way as much as 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 okay you can walk that back down to fifty dollars per trade choice that fixed amount when you wish to preserve your capital and simply pick an objective per day on
the cash that you want to make once 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 3 to five thousand dollars each week so I’m using you learn about 2.5 percent of my entire 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 move up to a thousand try to make three to five thousand per trade and try to double my earnings fine so let’s enter the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces 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 actually in Dubai alright but what I wish to do is discover a location where I have a newly developed uptrend first thing that I wish to do is determine my wave count all right so if this is our start
very first pullback is 2 largest waves up to 3 pullback is four and after that the high is 5 and the method we can search for the top of 5 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 factor 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 price action boils down through