With low exchange charges. Okx Bitcoin Chart … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It also provides incredibly high yields in some cases when taking part in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims 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 gives you access to trade 343 area currencies if you’re in a location that works with OKX.
likewise supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might 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 inadequate room to note 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 discounts.
One big drawback of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, concealed expense details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction details before proceeding. You likely won’t recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t typically confront with conventional banking platforms. The finest practices for keeping your financial accounts safe and secure are similar. These include using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many client possessions. It also has offers extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wished to purchase 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 offering our position and that we want to take revenue at this level what we want to do is find the difference between these worths and that’s going to give us.057 then we’re going to take the dollar amount danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Bitcoin Chart
difference between the stop and the entry alright which’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar amount fine so that indicates that in order to discover the capital requirement or the quantity 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 fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter this position when we’re utilizing take advantage of the only thing it’s changing is how much cash we personally require to take 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 okay since if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account that makes it difficult fine so let’s visit buy bit here let’s state we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open up our leverage okay and you’re gon na get this warning that the liquidation is high alright 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 right thing all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is changing absolutely nothing about the threat profile on the trade alright if you plan on trading anyways utilize the recommendation Link in the description okay weekly we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars weekly we’re choosing 3 winners a week all right we’re attempting to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is listed below you can take a look at our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would recommend utilizing when growing a little account okay so the first guideline is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk fine each time you double the account so when you go to 100 up to 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there till we scale our account up a bit bigger the 3rd thing and this is super important is everybody has a psychological limit when it pertains to just how much money 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 mathematics states you’re going to start feeling a bit psychological about the trades and that’s something that you really wish to prevent up until you come comfortable doing that okay 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 and that’s excessive for you alright you can stroll that back down to fifty dollars per trade choice that fixed amount once you want to maintain your capital and simply choose an objective per day on
the money that you want to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars weekly 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 3 to 5 thousand per trade and attempt to double my earnings fine so let’s enter into the bread and butter of the real 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 one of the setups that I had on xrp when I was really in Dubai all right however what I wish to do is discover a location where I have a recently developed uptrend first thing that I wish to do is determine my wave count alright so if this is our start
first pullback is 2 largest waves approximately three pullback is 4 and then the high is 5 and the method we can look for the top of 5 is by using 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 after that discover my factor 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 increase to the high of one if our cost action boils down through