With low exchange fees. Okx Chat … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving features, it also uses remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the globe. 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 nations. They don’t take users from the United States due to regulative 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.
likewise supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different rates tiers that vary based upon trade volume and account holdings. 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 receive discounts. Futures, swaps, and options have their own rate schedules with differing costs.
One huge drawback of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check transaction details prior to proceeding. If you mistakenly send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t normally face with traditional banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of consumer properties. It also has deals extra features like the capability to establish 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 market brokerage account, you will find a familiar experience at OKX.
wished 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 profit at this level what we want to do is find the distinction between these values which’s going to give us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Chat
difference between the entry and the stop all right and that’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 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 absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity fine so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s altering is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have 10 thousand dollars to utilize alright due to the fact that if we just had a hundred dollar account alright this 587 is already 5x the size of our money value of our account that makes it difficult fine so let’s go over to buy bit here let’s state 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 watch what happens when we open up our leverage okay 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 10 dollars you are safe and you’re doing the ideal thing all right so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this leverage ability is altering nothing about the threat profile on the trade okay if you intend on trading anyways use the referral Link in the description okay every week we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars weekly we’re selecting 3 winners a week okay we’re trying to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is listed below you can have a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to start taking these trades I want to review the guidelines that I would recommend using when growing a small account all right so the very first rule is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat all right 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 limit get comfy with the dollar amount and utilize that there until we scale our account up a little bit bigger the third thing and this is super important is everybody has a psychological limit when it comes 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 3 sell a row I don’t care who you are or what the math says you’re going to start feeling a little bit psychological about the trades and that’s something that you actually want to avoid up until you come comfortable doing that alright so say you work your method approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that back down to fifty dollars per trade pick that repaired amount when you wish to maintain your capital and just select an objective each day on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your earnings objectives 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 then 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 income alright so let’s enter the support of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have actually definitely 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 want to do is discover an area where I have a freshly established uptrend first thing that I want to do is recognize my wave count all right so if this is our beginning
first pullback is 2 biggest waves approximately 3 pullback is four and after that the high is five and the method we can try to find the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that find my factor of one and you can see the rate 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 rate action boils down through