With low exchange charges. Okx Luna Deposit … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. It also offers exceptionally high yields in some cases when participating in staking or conserving features.
was founded in 2017 and keeps a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
You can create an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining 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 room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various rates 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 may get approved for discount rates. Choices, futures, and swaps have their own rate schedules with differing fees.
One huge disadvantage of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details before continuing. You likely won’t recuperate any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not usually face with standard banking platforms. However, the best practices for keeping your financial accounts safe and secure are comparable. These include using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of customer assets. It likewise has deals extra features 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. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted 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 selling our position and that we wish to take revenue at this level what we wish to do is find the distinction in between these values which’s going to offer us.057 then we’re going to take the dollar amount 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 Luna Deposit
distinction in between the stop and the entry alright which’s going to provide us the quantity of tokens that we require to buy in order to risk just ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our danger reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need 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 increase it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer 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 money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have 10 thousand dollars to use fine due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult all right so let’s visit buy bit here let’s state we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open our take advantage of all right 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 10 dollars you are safe and you’re doing the ideal thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is altering absolutely nothing about the risk profile on the trade all right if you intend on trading anyways utilize the recommendation Link in the description fine every week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re choosing three winners a week all right we’re attempting to give the costs that we’re gathering from the affiliate program back into the community for you men trading with us connect is listed below you can check out our Discord where we announce the winners fine prior to we hop into the trading system that you can utilize to start taking these trades I wish to discuss the guidelines that I would suggest utilizing when growing a little account okay so the first guideline is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger fine each time you double the account so when you go to 100 approximately 200 fine you want to move that up to 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 super crucial is everyone has a psychological threshold when it pertains to how much cash they’re comfortable risking 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 begin feeling a little bit emotional about the trades which’s something that you actually wish to avoid till you come comfortable doing that okay so say you work your way approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that pull back to fifty dollars per trade pick that fixed quantity when you want to protect your capital and simply select an objective each day on
the cash that you want to make once 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 weekly so I’m using you understand 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 know a couple years from now move up to a thousand shot to make three to 5 thousand per trade and attempt to double my income 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 definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai all right but what I want to do is discover an area where I have a newly developed uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
first pullback is 2 biggest waves up to 3 pullback is 4 and after that the high is five and the way we can try to find the top of five is by utilizing a Fibonacci projection 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 element of one and you can see the rate 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 rate action boils down through