With low exchange costs. Okx Segwit … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. It also uses extremely high yields in many cases when participating in staking or saving features.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the world. 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 do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
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. 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 inadequate space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 certify for discounts.
One big downside of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. You likely won’t recover any funds if you accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t generally face with standard banking platforms. The best practices for keeping your financial accounts safe and secure are similar. These include using strong passwords unique 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 cold storage for a lot of client possessions. It likewise has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wished to buy 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 want to take earnings at this level what we wish to do is find the distinction between these worths and that’s going to give us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Segwit
difference in between the stop and the entry alright which’s going to give us the quantity of tokens that we need to purchase in order to risk just ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount fine so that implies that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here okay 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 need to be able to get into this position when we’re utilizing leverage the only thing it’s changing is 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 ten thousand dollars to use fine because if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account that makes it difficult alright so let’s go over to purchase bit here let’s state we want 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 up our leverage all right and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking 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 whole account alright so this take advantage of capability is altering absolutely nothing about the threat profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description fine each week 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 each week we’re selecting three winners a week alright we’re attempting to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can take a look at our Discord where we reveal the winners okay before we hop into the trading system that you can use to start taking these trades I want to go over the guidelines that I would suggest using when growing a small account alright so the very first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there till we scale our account up a little bit larger the 3rd thing and this is very crucial is everyone has a psychological threshold when it pertains to how much cash they’re comfortable running the risk of if I’m looking 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 math says you’re going to start feeling a little bit psychological about the trades which’s something that you really wish to avoid till you come comfy doing that all right so state you work your method approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that back down to fifty dollars per trade choice that repaired quantity as soon as you wish to preserve your capital and just choose an objective daily on
the cash that you want to make as soon as you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five thousand dollars per 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 after that I’ll increase it you know a couple years from now move up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings all right so let’s enter the support of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai alright but what I wish to do is discover an area where I have actually a newly established uptrend first thing that I want to do is recognize my wave count okay so if this is our beginning
very first pullback is 2 biggest waves up to three pullback is 4 and then the high is five and the method we can look for the top of five is by utilizing 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 then discover my aspect of one and you can see the rate 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