With low exchange costs. Okx Contract Quantity … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It likewise uses remarkably high yields in some cases when participating in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares 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 produce an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin loaning, 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 place 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:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may certify for discounts.
One big downside of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, covert expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal details prior to continuing. If you unintentionally send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security concerns you don’t normally confront with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are comparable. These consist of using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for many client possessions. It likewise has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody 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.
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 offering our position and that 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 give us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Contract Quantity
distinction between the entry and the stop okay which’s going to offer us the quantity of tokens that we need to buy in order to run the risk of only ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar quantity alright so that indicates that in order to find the capital requirement or the amount of money that we need for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 which’s going to offer us 587 dollars then we require to be able to get into this position when we’re using leverage the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have ten thousand dollars to use all right because if we just had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account which makes it impossible all right so let’s visit purchase bit here let’s say we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open our take advantage of fine 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 need to use for this position is twelve dollars which is 12 of our entire account all right so this leverage ability is changing nothing about the threat profile on the trade fine if you intend on trading anyways use the recommendation Link in the description okay every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re picking 3 winners a week fine we’re attempting to offer the fees that we’re gathering from the affiliate program back into the community for you men trading with us link is listed below you can have a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to start taking these trades I want to go over the guidelines that I would recommend utilizing when growing a little account fine so the first rule is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk okay each time you double the account so when you go to 100 as much as 200 alright you want 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 utilize that there up until we scale our account up a bit larger the third thing and this is extremely essential is everyone has a mental limit when it comes 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 sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit emotional about the trades which’s something that you really want to avoid until you come comfy doing that fine so say you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can walk that back down to fifty dollars per trade choice that fixed quantity once you want to preserve your capital and just select an objective each day on
the cash that you wish to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make three that 3 to 5 thousand dollars each week so I’m using you understand 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 understand a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings okay so let’s get into the support of the actual trading this is a system that I have actually been trading the marketplaces 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 alright however what I wish to do is find a location where I have actually a recently established uptrend first thing that I want to do is identify my wave count all right so if this is our start
first pullback is two biggest waves up to three pullback is four and after that the high is 5 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 worth I’m gon na click on this link click back here and then find my aspect of one and you can see the price action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our price action boils down through