With low exchange fees. Okx Hedge … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When taking part in staking or conserving functions, it also offers incredibly high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces all over the world. 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 a location that works with OKX, you can develop an account that offers you access to trade 343 spot currencies.
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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX review. There are 343 currencies on the exchange total.
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 might qualify for discount rates.
One big disadvantage of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, covert expense details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal details before continuing. You likely will not recover any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t normally confront with conventional banking platforms. However, the best practices for keeping your monetary accounts safe and secure are comparable. These consist of using strong passwords distinct 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 assets. It also has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond 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.
wished to purchase 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 want to take profit at this level what we want to do is discover the distinction between these values and that’s going to provide us.057 then we’re going to take the dollar quantity threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Hedge
distinction in between the stop and the entry fine which’s going to offer us the quantity of tokens that we require to buy in order to risk just ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar amount alright so that means that in order to find 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 okay so in this case we’re going to take 175 coins increased 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 take advantage of the only thing it’s changing 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 since if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account which makes it impossible fine 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 our take advantage of fine and you’re gon na get this caution that the liquidation is high alright 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 ideal thing all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this utilize capability is altering absolutely nothing about the danger profile on the trade okay if you plan 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 instantly gone into to win a hundred dollars each week we’re selecting 3 winners a week all right we’re attempting to offer the costs that we’re gathering from the affiliate program back into the community for you people trading with us link is below you can have a look at our Discord where we announce the winners fine before we hop into the trading system that you can utilize to begin taking these trades I wish to review the guidelines that I would recommend using when growing a small account alright so the very first guideline is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there till we scale our account up a bit larger the third thing and this is very essential is everybody has a mental limit when it pertains to how much money 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 math states you’re going to start feeling a little bit emotional about the trades which’s something that you actually want to prevent till you come comfy doing that all right so say you work your method approximately 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can stroll that pull back to fifty dollars per trade pick that fixed amount as soon as you want to protect your capital and simply choose a goal daily on
the money that you want to make when you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make three that three to five thousand dollars per week so I’m using you know 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 know 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 enter the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among 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 newly developed uptrend first thing that I wish to do is identify my wave count all right so if this is our beginning
first pullback is 2 biggest waves approximately 3 pullback is 4 and after that the high is five and the way we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that discover my factor 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 comes down through