With low exchange costs. Okx Api V5 … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When participating in staking or saving features, it also uses exceptionally 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 largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
You can develop an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
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. might 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 list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different prices 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 receive discounts. Futures, swaps, and options have their own rate schedules with differing costs.
One big disadvantage of is that it does not reveal costs for withdrawals and deposits. While much of is transparent, covert cost details are a warning that might 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 information before continuing. If you inadvertently send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you do not typically confront with traditional banking platforms. The best practices for keeping your monetary accounts safe are comparable. These include utilizing strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of customer properties. It also has offers extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted 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 revenue at this level what we wish to do is discover the distinction between these worths 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 Api V5
difference in between the entry and the stop all right which’s going to offer us the quantity of tokens that we need to buy in order to risk just 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar quantity okay so that suggests that in order to discover the capital requirement or the amount of cash 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 fine so in this case we’re going to take 175 coins increased by 3.35 which’s going to offer us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have 10 thousand dollars to utilize all right due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult alright so let’s visit purchase bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open our leverage alright and you’re gon na get this warning that the liquidation is high alright 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 right thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this utilize capability is altering absolutely nothing about the danger profile on the trade all right if you plan on trading anyways use the recommendation Link in the description all right each week we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly gotten in 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 community for you people trading with us link is below you can check out our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I want to go over the guidelines that I would advise utilizing when growing a small account all right so the first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk alright each time you double the account so when you go to 100 approximately 200 okay you wish to move that approximately 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 super essential is everyone has a psychological limit when it concerns how much money they’re comfortable running the risk of 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 mathematics states you’re going to begin feeling a bit psychological about the trades which’s something that you really wish to avoid up until you come comfortable doing that all right so state you work your way up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can stroll that pull back to fifty dollars per trade pick that fixed quantity as soon as you wish to maintain your capital and just choose a goal each day on
the cash that you want 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 three that three to 5 thousand dollars each week so I’m utilizing you know 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 shot to make 3 to five thousand per trade and attempt to double my earnings alright so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have 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 okay but what I want to do is discover an area 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
very first pullback is two biggest waves as much as three pullback is 4 and then the high is 5 and the method we can try to find the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value 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 price action comes down through