With low exchange charges. Okx Metis … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. It also uses incredibly high yields in many cases when taking part in staking or conserving 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 worldwide by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
If you remain in a location that works with OKX, you can produce an account that provides you access to trade 343 area currencies.
Supports margin borrowing, 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to list them all in our OKX evaluation. 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 large holding in the OKB currency might certify for discounts.
One big disadvantage of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, hidden expense details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details prior to proceeding. You likely won’t recover any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not generally confront with conventional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These consist of utilizing strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many customer possessions. It also has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of 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 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 which we want to take earnings at this level what we want to do is discover the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Metis
distinction in between the entry and the stop alright and that’s going to provide us the amount of tokens that we require to purchase in order to risk only 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity alright so that indicates 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 cost which is this level here okay 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 require to be able to enter this position when we’re using utilize 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 use a 100x take advantage of that suggests now I have 10 thousand dollars to use alright because if we just had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account that makes it impossible all right so let’s visit buy bit here let’s say we want 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 takes place when we open our leverage alright and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of capability is changing absolutely nothing about the risk profile on the trade alright if you intend on trading anyways use the referral Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars weekly we’re picking three winners a week all right we’re attempting to give the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can utilize to start taking these trades I want to go over the rules that I would recommend utilizing when growing a little account alright so the very first rule is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat okay each time you double the account so when you go to 100 as much as 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there up until we scale our account up a bit larger the 3rd thing and this is super crucial is everyone has a psychological limit when it pertains to how much money they’re comfortable risking if I’m taking a look 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 mathematics states you’re going to start feeling a bit emotional about the trades and that’s something that you truly want to avoid up until you come comfy doing that fine so say you work your method up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that back down to fifty dollars per trade choice that repaired amount as soon as you want to maintain your capital and just pick a goal daily on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make three that 3 to 5 thousand dollars per week so I’m utilizing you learn 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 3 to five thousand per trade and try to double my earnings alright so let’s get into the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai all right however what I wish to do is discover a location where I have a newly established uptrend first thing that I want to do is recognize my wave count all right so if this is our start
very first pullback is two biggest waves as much as three pullback is 4 and then the high is 5 and the method we can search for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover 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 increase to the high of one if our cost action boils down through