With low exchange costs. Okx Futures … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. When taking part in staking or saving features, it likewise provides remarkably high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you’re in an area that works with OKX, you can produce an account that offers you access to trade 343 area currencies.
Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 not enough room to list them all in our OKX review. 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 qualify for discount rates.
One big drawback of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, surprise cost details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information before continuing. If you inadvertently send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you don’t typically confront with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are similar. These include using strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many consumer properties. 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 anyone beyond the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 offering our position and that we wish to take profit at this level what we wish to do is find the difference in between these values and that’s going to offer 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 Futures
distinction between the stop and the entry okay and that’s going to give us the quantity of tokens that we need to purchase in order to run the risk of just ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have that set dollar amount okay so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we require to be able to enter into this position when we’re utilizing utilize the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have ten thousand dollars to use okay due to the fact that if we just had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account which makes it difficult alright so let’s visit purchase bit here let’s state we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open up our take advantage of alright and you’re gon na get this warning that the liquidation is high all right 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 right thing fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is altering nothing about the risk profile on the trade fine if you intend on trading anyways use the referral Link in the description alright each week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars per week we’re selecting 3 winners a week alright we’re trying to offer the costs that we’re gathering from the affiliate program back into the community for you guys trading with us link is listed below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would recommend using when growing a little account alright so the very first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that ten dollar risk all right each time you double the account so when you go to 100 approximately 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there till we scale our account up a little bit larger the 3rd thing and this is very essential is everyone has a psychological threshold when it comes to just how much cash they’re comfortable running the risk of if I’m taking a look 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 really want to avoid till you come comfortable doing that okay so say you work your method as much as 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that pull back to fifty dollars per trade choice that repaired quantity when you want to preserve your capital and just select an objective each day on
the money that you wish to make when you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to five thousand dollars each week 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 after that I’ll increase it you understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my earnings fine so let’s get into the support of the real trading this is a system that I’ve 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 actually in Dubai okay but what I wish to do is find a location where I have a recently developed uptrend first thing that I want to do is determine my wave count all right so if this is our start
first pullback is 2 biggest waves up to 3 pullback is four and then the high is 5 and the method we can try to find the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and then discover 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 comes down through