With low exchange charges. Okx Price Source … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It also uses incredibly high yields in some cases when participating in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can develop an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin borrowing, making 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 not enough space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that vary based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discounts. Futures, swaps, and alternatives have their own rate schedules with varying charges.
One big disadvantage of is that it doesn’t divulge costs for withdrawals and deposits. While much of is transparent, hidden expense information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal information before proceeding. You likely will not recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you do not usually face with conventional banking platforms. The best practices for keeping your monetary accounts protected are similar. 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 utilizes industry-standard security practices, including cold storage for most customer properties. It also has offers extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of 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.
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 offering our position and that we wish to take revenue at this level what we wish to do is discover the distinction in between these worths and that’s going to provide 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 10 dollars and we’re going to divide it by the Okx Price Source
distinction between the stop and the entry fine and that’s going to give us the amount of tokens that we need to purchase in order to run the risk of only ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar quantity okay so that suggests that in order to discover the capital requirement or the amount of money that we need for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here alright 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 this position when we’re using leverage the only thing it’s altering is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to use okay since if we just had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account that makes it difficult okay so let’s visit buy bit here let’s say we wish to take this ape trade here alright we need 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 utilize alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this take advantage of capability is changing nothing about the threat profile on the trade alright if you plan on trading anyways use the recommendation Link in the description all right each week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re picking three winners a week alright we’re attempting to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is listed below you can have a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would suggest utilizing when growing a small account all right so the first guideline is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that ten dollar danger alright each time you double the account so when you go to 100 up to 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there up until we scale our account up a bit bigger the third thing and this is incredibly essential is everybody has a mental threshold when it concerns how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to begin feeling a little bit psychological about the trades and that’s something that you really wish to avoid till you come comfortable doing that fine so state you work your method up to 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 all right 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 just pick a goal daily on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you understand I like to make three that 3 to five thousand dollars each week so I’m utilizing you understand about 2.5 percent of my entire 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 move up to a thousand try to make 3 to five 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 have actually been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai alright however what I want to do is find an area where I have a freshly established uptrend first thing that I want to do is determine my wave count fine 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 method we can search for the top of 5 is by using 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 discover my element 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 cost action comes down through