With low exchange costs. Okx Bot Programing … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. When participating in staking or conserving functions, it also uses remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 concerns.
If you’re in a location that works with OKX, you can create an account that provides you access to trade 343 spot currencies.
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 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 insufficient room to list them all in our OKX review. 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 large holding in the OKB currency may certify for discount rates.
One big disadvantage of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction details before proceeding. If you accidentally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you do not generally face with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are comparable. These include using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for many consumer properties. It also has deals extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple 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.
wanted 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 offering our position which we wish to take earnings at this level what we want to do is find the distinction between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Bot Programing
distinction between the entry and the stop alright and that’s going to offer us the amount of tokens that we need to purchase in order to run the risk of only ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar quantity all right so that indicates that in order to find the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here alright so in this case we’re going to take 175 coins multiplied 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 leverage the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have 10 thousand dollars to utilize all right due to the fact that if we only had a hundred dollar account all right this 587 is currently 5x the size of our money value of our account which makes it impossible alright so let’s go over to purchase bit here let’s say we wish 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 view what happens when we open up our take advantage of fine 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 ten dollars you are safe and you’re doing the ideal thing okay so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account all right so this utilize ability is changing absolutely nothing about the risk profile on the trade all right if you intend on trading anyways use the referral Link in the description all right each week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars weekly we’re choosing 3 winners a week alright we’re attempting to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is below you can take a look at our Discord where we reveal the winners alright before we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would recommend using when growing a small account all right 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 ten dollar threat alright each time you double the account so when you go to 100 as much as 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there up until we scale our account up a little bit bigger the 3rd thing and this is very essential is everybody has a psychological limit when it comes to how much cash 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 math says you’re going to start feeling a bit emotional about the trades which’s something that you truly want to prevent until you come comfortable doing that all right so say you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that back down to fifty dollars per trade choice that fixed quantity as soon as you wish to preserve your capital and just choose a goal per day on
the money that you want to make once 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 three to five thousand dollars per 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 understand a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my earnings all right so let’s enter the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among 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 freshly established uptrend first thing that I want to do is determine my wave count okay so if this is our start
very first pullback is 2 largest waves as much as three pullback is four and then the high is five and the way we can search for the top of 5 is by utilizing 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 discover 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 go up to the high of one if our cost action boils down through