With low exchange fees. Okx Fees Leverage … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When participating in staking or conserving functions, it likewise offers extremely high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces around the world. 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 nations. They do not take users from the United States due to regulatory and compliance issues.
If you remain in an area that works with OKX, you can produce an account that gives you access to trade 343 area currencies.
likewise supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 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 various prices 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 large holding in the OKB currency may get approved for discount rates. Futures, alternatives, and swaps have their own rate schedules with varying costs.
One big drawback of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, surprise expense details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. If you mistakenly send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t usually face with traditional banking platforms. The best practices for keeping your monetary accounts protected are comparable. These consist of using strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for most customer possessions. It likewise has deals additional features like the ability 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 discover 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 meaning that if we’re wrong and it continues moving down we’re offering our position which we wish to take earnings at this level what we wish to do is find the difference between these worths and that’s going to give 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 ten dollars and we’re going to divide it by the Okx Fees Leverage
difference in between the entry and the stop all right and that’s going to offer us the amount of tokens that we require to buy in order to run the risk of just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount all right so that means that in order to find the capital requirement or the amount of cash that we need for this trade we need 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 increased by 3.35 which’s going to provide us 587 dollars then we need to be able to get into this position when we’re utilizing leverage the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have 10 thousand dollars to utilize all right because if we only had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account that makes it impossible all right so let’s visit purchase bit here let’s say we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open our leverage okay and you’re gon na get this warning that the liquidation is high alright 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 best thing fine so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this leverage capability is altering absolutely nothing about the threat profile on the trade alright if you intend on trading anyways use the referral Link in the description fine every week we do a free gift where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars per week we’re picking 3 winners a week okay we’re attempting to offer the costs that we’re gathering from the affiliate program back into the community for you men trading with us connect is below you can check out our Discord where we announce the winners fine before we hop into the trading system that you can utilize to start taking these trades I want to go over the rules that I would suggest utilizing when growing a little account okay so the very first rule is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 approximately 200 alright you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there up until we scale our account up a bit bigger the 3rd thing and this is incredibly essential is everyone has a mental threshold when it comes to just how much money they’re comfortable running the risk of if I’m looking 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 math says you’re going to start feeling a bit psychological about the trades which’s something that you truly wish to prevent till you come comfortable doing that okay so say you work your way as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that back down to fifty dollars per trade choice that fixed quantity as soon as you want to preserve your capital and simply select a goal daily on
the money that you want to make as soon as you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make three that 3 to 5 thousand dollars per 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 after that I’ll increase it you know a couple years from now move up to a thousand shot to make three to five thousand per trade and try to double my earnings all right so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have absolutely 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 okay however what I wish to do is find a location where I have actually a recently developed uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
very first pullback is two largest waves approximately three pullback is four and after that the high is 5 and the way we can search 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 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