With low exchange costs. Okx Headquarters … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. It also offers exceptionally high yields in many cases when participating in staking or saving features.
was founded in 2017 and preserves a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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.
If you’re in an area that deals with OKX, you can create an account that gives you access to trade 343 spot currencies.
likewise supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary 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 get approved for discounts. Futures, options, and swaps have their own rate schedules with differing fees.
One huge downside of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction details before continuing. You likely will not recover any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t generally face with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are comparable. These include using strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of consumer assets. It likewise has offers 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 beyond 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 offering our position which we want to take profit at this level what we wish 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 threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Headquarters
distinction in between the entry and the stop alright and that’s going to provide us the quantity of tokens that we require to buy in order to run the risk of just 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar quantity fine so that suggests that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the amount of coins and increase it by the entry rate 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 give us 587 dollars then we need to be able to get into this position when we’re utilizing leverage the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have ten thousand dollars to utilize alright because if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account which makes it impossible alright so let’s visit purchase bit here let’s state we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open up our leverage all right and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the right thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is changing nothing about the danger profile on the trade okay if you plan on trading anyways use the referral Link in the description all right weekly we do a free gift where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars per week we’re choosing 3 winners a week all right we’re trying to give the fees that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can have a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can utilize to start taking these trades I want to review the rules that I would suggest utilizing when growing a little account okay so the very first rule is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk fine each time you double the account so when you go to 100 as much as 200 fine 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 till we scale our account up a bit bigger the third thing and this is super crucial is everyone has a psychological limit when it concerns 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 says you’re going to start feeling a little bit psychological about the trades and that’s something that you truly want to prevent till you come comfy doing that okay so say you work your method up to 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 all right you can stroll that pull back to fifty dollars per trade pick that fixed amount when you want to protect your capital and simply pick an objective per day on
the cash that you wish to make once you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you know I like to make three that three to 5 thousand dollars per week so I’m using you know 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 go up to a thousand try to make three to five thousand per trade and try to double my earnings alright so let’s enter 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 actually definitely 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 but what I want to do is find a location where I have a freshly developed uptrend first thing that I wish to do is recognize my wave count alright so if this is our beginning
first pullback is 2 biggest waves approximately 3 pullback is four and then the high is 5 and the method we can look for the top of 5 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 aspect 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