With low exchange charges. Okx C# … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It also offers exceptionally high yields in many cases when taking part in staking or saving functions.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can create an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
also 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. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that vary based upon trade volume and account holdings. For spot 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 discounts. Options, swaps, and futures have their own rate schedules with differing costs.
One huge disadvantage of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal information prior to continuing. If you inadvertently send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you do not usually face with traditional banking platforms. However, the very best practices for keeping your monetary accounts safe are comparable. These include using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of customer properties. It also has deals extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we wish to take profit at this level what we wish to do is discover the distinction between these values which’s going to offer us.057 then we’re going to take the dollar amount risk 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 C#
distinction between the entry and the stop all right which’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our threat benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar amount all right so that implies that in order to discover the capital requirement or the quantity of cash that we require for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we require to be able to enter into this position when we’re utilizing utilize the only thing it’s altering is how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that suggests now I have ten 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 money worth 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 alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place 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 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 all right so this leverage ability is altering absolutely nothing about the risk profile on the trade fine if you intend on trading anyways use the referral Link in the description alright every week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars weekly we’re picking 3 winners a week all right we’re trying to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us connect is below you can check out our Discord where we announce the winners alright prior to we hop into the trading system that you can use to start taking these trades I want to go over the rules that I would suggest utilizing when growing a small account okay so the first rule is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar risk okay each time you double the account so when you go to 100 as much as 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up until we scale our account up a bit larger the 3rd thing and this is very essential is everyone has a mental threshold when it comes to how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell 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 actually wish to prevent until you come comfortable doing that fine so say you work your way approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that back down to fifty dollars per trade choice that fixed amount when you wish to preserve your capital and just choose a goal per day on
the cash that you wish to make as soon as you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make three that three to five thousand dollars per week so I’m using you know about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now go up to a thousand shot to make three to five thousand per trade and try to double my earnings all right so let’s get into the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai all right but what I wish to do is find a location where I have a newly established uptrend first thing that I wish to do is determine my wave count all right so if this is our beginning
very first pullback is 2 biggest waves as much as three pullback is 4 and then the high is five and the method we can search for the top of five 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 discover my element 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 comes down through