With low exchange charges. Okx Quantity … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When participating in staking or saving features, it also provides exceptionally high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website 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 develop an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
likewise supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 insufficient 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 large holding in the OKB currency might certify for discounts.
One big disadvantage of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information prior to proceeding. You likely will not recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t typically face with conventional banking platforms. The best practices for keeping your financial accounts safe are similar. These consist of using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for many client properties. It likewise has offers additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished to buy 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 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 danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Quantity
distinction between the stop and the entry alright which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call 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 that set dollar amount fine so that means that in order to find the capital requirement or the quantity of money that we need for this trade we need to take the amount of coins and multiply it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we require to be able to get into this position when we’re using take advantage of the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have ten thousand dollars to use all right since if we just had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account which makes it difficult fine so let’s visit buy bit here let’s say we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open our leverage fine and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the right thing all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is changing absolutely nothing about the danger profile on the trade fine if you plan on trading anyways use the recommendation Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re selecting three winners a week okay we’re trying to give the costs that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can take a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would suggest using when growing a small account fine so the very first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 as much as 200 okay 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 use that there till we scale our account up a little bit larger the 3rd thing and this is very essential is everyone has a psychological threshold when it concerns how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 trades in 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 actually want to prevent until you come comfy doing that fine so state 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 and that’s too much for you okay you can walk that back down to fifty dollars per trade choice that repaired amount when you want to maintain your capital and just select a goal per day on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that three to 5 thousand dollars per week so I’m utilizing you know 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 five thousand per trade and attempt to double my income okay so let’s enter 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 in fact in Dubai okay but what I want to do is find a location where I have a recently established uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
very first pullback is 2 largest waves approximately 3 pullback is four and after that the high is 5 and the way we can look for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and after that find 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