With low exchange costs. Okx Hong Kong … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It likewise provides remarkably high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
You can develop an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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:
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 discounts.
One big downside of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal information before proceeding. If you accidentally send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you do not generally face with traditional banking platforms. The best practices for keeping your monetary accounts secure are comparable. These consist of using strong passwords unique to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for a lot of client properties. It likewise has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find 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 revenue at this level what we wish to do is find the distinction in between these worths and that’s going to give us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Hong Kong
distinction in between the entry and the stop fine which’s going to offer 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 going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity okay so that implies that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and increase it by the entry cost which is this level here all right so in this case we’re going to take 175 coins increased 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 take advantage of 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 utilize a 100x leverage that means now I have ten thousand dollars to utilize alright since if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account that makes it impossible all right so let’s go over to purchase bit here let’s state we want to take this ape trade here alright we require 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 take advantage of okay and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this utilize ability is changing absolutely nothing about the threat profile on the trade all right if you intend on trading anyways use the referral Link in the description alright every week we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re choosing 3 winners a week fine we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is listed below you can take 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 want to go over the guidelines that I would suggest using when growing a little account okay so the first guideline is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk okay each time you double the account so when you go to 100 up to 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there up until we scale our account up a little bit larger the third thing and this is extremely important is everyone has a psychological threshold when it pertains to how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math states you’re going to begin feeling a little bit emotional about the trades and that’s something that you actually want to avoid up until you come comfortable doing that okay so state you work your method up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can stroll that pull back to fifty dollars per trade pick that fixed quantity once you want to preserve your capital and simply choose a goal per day on
the money that you wish to make as soon as you get up to a comfy limit 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 then I’ll increase it you understand a couple years from now move up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings all right so let’s enter into the bread and butter 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 among the setups that I had on xrp when I was really in Dubai alright however what I wish to do is discover a location where I have actually a freshly established uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
very first pullback is 2 largest waves approximately 3 pullback is four and then the high is 5 and the method we can look for the top of five is by utilizing 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 find 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 go up to the high of one if our price action boils down through