With low exchange charges. Okx Ceo Net Worth … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It also provides incredibly high yields sometimes when participating in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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.
If you remain in a location that works with OKX, you can create an account that gives you access to trade 343 area currencies.
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 utilize 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 not enough room to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might qualify for discounts.
One huge drawback of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, covert expense information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check deal information prior to continuing. You likely will not recover any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you don’t normally confront with standard banking platforms. The finest practices for keeping your financial accounts safe are similar. 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 many consumer properties. It also has deals extra functions like the capability 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. You will find a familiar experience at OKX if you’ve 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 significance 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 find the difference between these values and that’s going to give us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Ceo Net Worth
difference between the stop and the entry fine and that’s going to offer us the amount of tokens that we require to buy in order to run the risk of only 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to call in our danger reward and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have that set dollar amount alright so that implies that in order to find the capital requirement or the amount of money that we require for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here fine 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 utilizing utilize the only thing it’s altering is just 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 means now I have 10 thousand dollars to utilize okay because if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account which makes it impossible alright so let’s go over to buy bit here let’s say we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open up our utilize alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking 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 entire account okay so this utilize capability is altering nothing about the threat profile on the trade okay if you plan on trading anyways use the recommendation Link in the description fine each week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re picking three winners a week alright we’re attempting to offer the charges that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we reveal the winners okay before we hop into the trading system that you can utilize to begin taking these trades I wish to go over the rules that I would recommend using when growing a small account fine so the first guideline is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk okay each time you double the account so when you go to 100 approximately 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a bit larger the third thing and this is incredibly crucial is everyone has a mental limit when it pertains to how much money they’re comfortable risking 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 bit psychological about the trades and that’s something that you truly wish to avoid up until you come comfy doing that alright so say you work your way as much as 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 fine you can stroll that pull back to fifty dollars per trade pick that fixed amount once you want to preserve your capital and simply pick a goal per day on
the cash that you wish to make once you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make three 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 go up to a thousand try to make three to five thousand per trade and try to double my earnings fine so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai okay but what I wish 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 okay so if this is our start
very first pullback is two biggest waves approximately 3 pullback is 4 and after that the high is 5 and the method 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 then 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 price action boils down through