With low exchange fees. Okx City … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It also offers exceptionally high yields in some cases when participating in staking or saving features.
was founded in 2017 and maintains a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site 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 offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that differ based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might receive discount rates. Futures, swaps, and choices have their own rate schedules with differing costs.
One big drawback of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, surprise cost information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check deal details before proceeding. You likely won’t recover any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t generally face with standard banking platforms. The finest practices for keeping your financial accounts safe are similar. These include utilizing strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most consumer properties. It likewise has offers extra features like the capability 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 market 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 meaning that if we’re wrong and it continues moving down we’re selling our position and that we wish to take revenue at this level what we want to do is discover the difference between these values which’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx City
difference between the entry and the stop okay which’s going to give us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar quantity alright so that means that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and multiply it by the entry price 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 provide us 587 dollars then we need to be able to enter this position when we’re using utilize the only thing it’s changing is just how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that indicates now I have 10 thousand dollars to use fine 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 which makes it difficult alright so let’s visit buy 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 see what occurs when we open up our utilize all right and you’re gon na get this caution that the liquidation is high okay 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 all right so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account alright so this take advantage of capability is changing absolutely nothing about the threat profile on the trade alright if you plan on trading anyways utilize the referral Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars each week we’re selecting three winners a week alright we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you people trading with us link is listed below you can take a look at our Discord where we reveal the winners all right before we hop into the trading system that you can utilize to begin taking these trades I want to discuss the rules that I would suggest using when growing a little account fine so the very first guideline is begin with the dollar quantity 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 as much as 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there until we scale our account up a little bit larger the third thing and this is very crucial is everybody has a psychological limit when it pertains to just how much cash 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 states you’re going to begin feeling a little bit emotional about the trades which’s something that you really want to avoid up until you come comfy doing that fine so state you work your way up to 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 okay you can stroll that pull back to fifty dollars per trade choice that fixed quantity once you wish to maintain your capital and just select a goal daily on
the cash that you want to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that three to five thousand dollars each week so I’m utilizing 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 move up to a thousand try to make three to five thousand per trade and attempt to double my earnings alright so let’s enter into the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai alright but what I want to do is find a location where I have actually a freshly established uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
first pullback is 2 largest waves up to three pullback is 4 and after that the high is 5 and the way we can try to find the top of five is by utilizing 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 find 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 boils down through