With low exchange fees. Okx Portfolio Margin … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It also provides incredibly high yields sometimes when taking part in staking or saving features.
was founded in 2017 and maintains a head office in Seychelles, with extra offices all over the world. 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 do not take users from the United States due to regulatory and compliance issues.
If you’re in a location that deals with OKX, you can develop an account that gives you access to trade 343 spot currencies.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use 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 room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 certify for discounts.
One huge disadvantage of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, surprise expense information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction information before proceeding. You likely won’t recuperate any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you don’t generally confront with standard banking platforms. The best practices for keeping your monetary accounts protected are comparable. These consist of utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of client assets. It also has deals extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 earnings at this level what we want to do is find the difference between these values and that’s going to give us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Portfolio Margin
distinction in between the entry and the stop okay which’s going to provide us the quantity of tokens that we need to purchase in order to risk only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar amount all right so that indicates that in order to find the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to enter into this position when we’re using utilize the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to use fine since if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account that makes it impossible fine so let’s go over to buy bit here let’s state we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open up our leverage fine 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 running the risk of that ten dollars you are safe and you’re doing the ideal thing all right so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is altering nothing about the risk profile on the trade fine if you intend 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 automatically gotten in to win a hundred dollars per week we’re selecting three winners a week okay we’re attempting to offer the fees that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to go over the rules that I would advise utilizing when growing a little account all right so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 up to 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a little bit bigger the third thing and this is super essential is everyone has a mental threshold when it concerns just how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly wish to avoid till you come comfortable doing that alright so state you work your way 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 back down to fifty dollars per trade pick that fixed amount once you want to protect your capital and simply choose a goal each day on
the cash that you want to make as soon as 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 three to five thousand dollars per week so I’m using you understand 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 three to 5 thousand per trade and attempt to double my income fine so let’s get into the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai fine however what I wish to do is find an area where I have a recently established uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
very first pullback is two biggest waves as much as three pullback is four and after that the high is 5 and the way we can look 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 on this link click back here and then 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 go up to the high of one if our rate action comes down through