With low exchange fees. Okx Australia … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When getting involved in staking or saving features, it also uses incredibly high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site 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.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room 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 might qualify for discount rates.
One huge disadvantage of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction information before proceeding. You likely will not recuperate any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you don’t normally face with traditional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These include utilizing strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for the majority of client properties. It also has deals additional 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. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 and that we wish to take earnings at this level what we want to do is discover the difference between these values which’s going to provide us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Australia
difference in between the stop and the entry okay which’s going to provide us the quantity of tokens that we require to purchase in order to risk just ten dollars all right if we’re simply sharing 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 make sure that you’re not doing that you require to have that set dollar amount alright so that means that in order to find the capital requirement or the quantity of money that we need for this trade we need 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 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 leverage the only thing it’s altering 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 leverage that means now I have 10 thousand dollars to utilize all right since if we just had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account that makes it impossible fine so let’s go over to buy bit here let’s state we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open up our take advantage of alright and you’re gon na get this caution 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 ten dollars you are safe and you’re doing the ideal thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this utilize capability is changing nothing about the risk profile on the trade alright if you plan on trading anyways use the recommendation Link in the description okay weekly 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 all right we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can take a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would suggest utilizing when growing a little account okay so the very first guideline is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger alright each time you double the account so when you go to 100 as much as 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there till we scale our account up a little bit bigger the 3rd thing and this is incredibly essential is everybody has a mental threshold when it pertains to just how much money they’re comfortable running the risk of 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 little bit psychological about the trades which’s something that you truly wish to avoid up until you come comfortable doing that all right so say you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that pull back to fifty dollars per trade pick that fixed amount when you wish to preserve your capital and simply select a goal daily on
the cash that you want to make when you get up to a comfy threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 that 3 to five thousand dollars weekly 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 then I’ll increase it you understand a couple years from now go up to a thousand shot to make three to five thousand per trade and try to double my income fine so let’s enter the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually absolutely 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 but what I want to do is find a location where I have actually a recently established uptrend first thing that I wish to do is recognize my wave count okay so if this is our start
very first pullback is two biggest waves approximately three pullback is 4 and then the high is 5 and the method we can search for the top of five is by using 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 find my aspect 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