With low exchange charges. Okx Facebook … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it also uses incredibly high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
If you’re in a location that deals with OKX, you can create an account that provides you access to trade 343 area currencies.
also 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. 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 room 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 different pricing tiers that differ 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 large holding in the OKB currency might qualify for discount rates. Alternatives, futures, and swaps have their own rate schedules with varying charges.
One big drawback of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, hidden expense information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check deal information prior to continuing. If you inadvertently send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not usually confront with standard banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These consist of 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 assets. It likewise has deals additional functions like the ability 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. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 and that we wish to take revenue at this level what we want to do is discover the distinction between these values and that’s going to give us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Facebook
distinction between the entry and the stop fine and that’s going to give us the amount of tokens that we need to buy in order to run the risk of just 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar quantity all right so that means that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and multiply it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we require to be able to enter this position when we’re utilizing leverage the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have 10 thousand dollars to use alright because if we only had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account that makes it difficult fine so let’s go over to buy bit here let’s say we want 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 occurs when we open up our utilize all right and you’re gon na get this caution that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is altering absolutely nothing about the danger profile on the trade alright if you intend on trading anyways use the recommendation Link in the description all right every week we do a free gift where anybody trading with 50k volume or higher is
going to be instantly entered 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 collecting from the affiliate program back into the community for you men trading with us connect is listed below you can take a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to begin taking these trades I want to review the rules that I would recommend utilizing when growing a little account all right so the very first rule is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger all right each time you double the account so when you go to 100 up to 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there till we scale our account up a little bit larger the third thing and this is very crucial is everyone has a psychological limit when it comes to how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit psychological about the trades and that’s something that you truly want to prevent till you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand okay and then 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 choice that repaired quantity once you want to preserve your capital and just select an objective per day on
the cash that you want to make as soon as you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars weekly 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 move up to a thousand shot to make 3 to five 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 markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai okay however what I want to do is find a location where I have a newly developed uptrend first thing that I wish to do is identify my wave count okay so if this is our beginning
first pullback is 2 largest waves approximately three pullback is four and after that the high is five and the method we can look for the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover my element 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 comes down through