With low exchange fees. Okx Reborn … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. When taking part in staking or saving functions, it also uses extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 regulative and compliance concerns.
If you’re in a location that works with OKX, you can produce an account that provides you access to trade 343 area currencies.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 room to list them all in our OKX review. 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 spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might get approved for discounts. Choices, swaps, and futures have their own rate schedules with differing fees.
One big drawback of is that it doesn’t reveal fees for withdrawals and deposits. While much of is transparent, concealed cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. You likely will not recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not generally confront with traditional banking platforms. The finest practices for keeping your monetary accounts safe are comparable. These consist of using strong passwords special to every website and app along with 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 likewise has deals additional functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find 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 and that we wish to take earnings at this level what we wish to do is find the distinction in between these worths and that’s going to offer us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Reborn
difference between the entry and the stop alright which’s going to give us the quantity of tokens that we need to buy in order to risk just ten dollars fine if we’re just sharing 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 definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity all right so that means that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we require to be able to enter into this position when we’re utilizing utilize 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 use a 100x leverage that indicates now I have 10 thousand dollars to use okay due to the fact that if we just had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult fine so let’s go over to purchase bit here let’s say we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open up our take advantage of alright and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re risking that 10 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 alright so this utilize ability is altering absolutely nothing about the risk profile on the trade all right if you intend on trading anyways utilize the referral Link in the description alright each week we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars each week we’re choosing three winners a week all right we’re attempting to give 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 take a look at our Discord where we reveal the winners okay prior to 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 using when growing a little account alright so the very first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 all right 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 utilize that there till we scale our account up a bit larger the 3rd thing and this is very essential is everyone has a psychological threshold when it concerns just 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 three sell a row I don’t care who you are or what the mathematics says you’re going to start feeling a little bit emotional about the trades which’s something that you actually wish to avoid till you come comfortable doing that okay so say you work your method as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that pull back to fifty dollars per trade pick that fixed amount as soon as you want to maintain your capital and just choose a goal per day on
the money that you wish to make once you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you know I like to make three that three to five thousand dollars each week so I’m utilizing you learn about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you know a couple years from now move up to a thousand shot to make 3 to five thousand per trade and attempt to double my earnings alright so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai alright however what I want to do is find an area where I have a recently developed uptrend first thing that I wish to do is determine my wave count fine so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is four and after that the high is 5 and the method we can try to find the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and after that discover my element 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 rate action boils down through