With low exchange fees. Okx 30K Bonus … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When taking part in staking or saving functions, it also offers remarkably high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 regulative and compliance issues.
If you remain in a location that deals with OKX, you can develop an account that offers you access to trade 343 spot currencies.
Supports margin borrowing, earning cryptocurrency through staking and cost 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 inadequate space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For spot 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 huge disadvantage of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, hidden cost details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically 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 won’t recuperate any funds.
Cryptocurrency exchanges have some unique security issues you do not typically confront with traditional banking platforms. However, the very best practices for keeping your monetary accounts secure are comparable. These include using strong passwords distinct 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 client possessions. It likewise has offers extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will discover a familiar experience at OKX if you have actually 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 significance that if we’re wrong and it continues moving down we’re selling our position and that we wish to take earnings at this level what we wish to do is discover the distinction between these values which’s going to provide us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx 30K Bonus
distinction between the stop and the entry okay and that’s going to provide us the amount of tokens that we require to purchase in order to risk only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our risk benefit and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar quantity okay so that implies that in order to discover the capital requirement or the amount of money that we need 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 multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to enter this position when we’re using utilize the only thing it’s changing is just how much cash we personally require 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 ten thousand dollars to use okay due to the fact that if we only had a hundred dollar account fine this 587 is already 5x the size of our money value of our account that makes it impossible alright so let’s visit purchase bit here let’s say we wish 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 happens when we open our utilize alright and you’re gon na get this warning that the liquidation is high all right 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 alright so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is altering absolutely nothing about the threat profile on the trade okay if you plan on trading anyways use the referral Link in the description all right every week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars per week we’re selecting 3 winners a week okay we’re trying to offer the fees that we’re collecting 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 okay before we hop into the trading system that you can utilize to start taking these trades I wish to go over the guidelines that I would recommend utilizing when growing a little account alright so the very first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat all right 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 quantity and utilize that there till we scale our account up a bit larger the 3rd thing and this is incredibly essential is everybody has a psychological threshold when it pertains 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 sell a row I don’t care who you are or what the math says you’re going to start feeling a bit psychological about the trades and that’s something that you truly wish to avoid up until you come comfy doing that all right so state you work your way up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can stroll that back down to fifty dollars per trade choice that repaired quantity once you want to protect your capital and simply select a goal each day on
the cash that you wish to make once you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you know I like to make 3 that three to 5 thousand dollars each week so I’m using you learn about 2.5 percent of my whole 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 move up to a thousand try to make 3 to five thousand per trade and try to double my earnings okay so let’s enter 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 reveal you one of the setups that I had on xrp when I was really in Dubai all right however what I wish to do is find an area where I have actually a newly developed uptrend first thing that I want to do is identify my wave count all right so if this is our start
very first pullback is 2 largest waves up to three pullback is four and after that the high is 5 and the method we can try to find 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 here 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 cost action boils down through