With low exchange fees. Okx Qr Code … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It likewise offers remarkably high yields in some cases when participating in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, 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 not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different prices tiers that vary based upon trade volume and account holdings. 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 receive discounts. Swaps, alternatives, and futures have their own rate schedules with varying fees.
One huge disadvantage of is that it doesn’t reveal costs for withdrawals and deposits. While much of is transparent, covert cost details are a warning that may send you to another exchange with transparent fee 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 recuperate any funds if you accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t typically face with traditional banking platforms. The best practices for keeping your monetary accounts secure are comparable. These consist of using strong passwords distinct to every site 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 consumer properties. It also has deals additional 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 discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 wish to take profit at this level what we wish to do is find the difference between these worths which’s going to give us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Qr Code
difference in between the entry and the stop okay which’s going to give us the amount of tokens that we require to buy in order to run the risk of just 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our threat 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 fine so that suggests that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the amount of coins and multiply it by the entry rate 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 offer us 587 dollars then we require to be able to enter this position when we’re utilizing take advantage of the only thing it’s altering is just how much money 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 implies now I have ten thousand dollars to use alright due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account which makes it impossible okay so let’s go over to purchase 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 occurs when we open up our leverage okay 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 okay so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this utilize capability is altering absolutely nothing about the threat profile on the trade all right if you plan on trading anyways use the referral Link in the description okay each week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars per week we’re picking three winners a week all right we’re attempting to offer the charges that we’re collecting 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 reveal the winners alright 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 advise using when growing a little account okay so the first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk alright each time you double the account so when you go to 100 approximately 200 fine 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 quantity and use that there up until we scale our account up a bit bigger the 3rd thing and this is incredibly crucial is everybody has a psychological limit when it pertains to just how much cash 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 mathematics says you’re going to begin feeling a bit emotional about the trades and that’s something that you really wish to prevent up until you come comfortable doing that fine so state you work your method up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that pull back to fifty dollars per trade choice that fixed amount as soon as you wish to preserve your capital and just pick a goal each day on
the money that you wish to make when 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 three to 5 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 go up to a thousand shot to make three to 5 thousand per trade and try to double my income all right so let’s enter 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 show you one of the setups that I had on xrp when I was really in Dubai okay but what I wish to do is discover a location where I have actually a freshly developed uptrend first thing that I wish to do is determine my wave count fine so if this is our beginning
very first pullback is two biggest waves up to three pullback is four and after that the high is five and the method we can try to find the top of five is by utilizing 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 after that discover my factor 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 increase to the high of one if our price action comes down through