With low exchange costs. Okx Send To Wallet … 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 likewise provides exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance issues.
You can create an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, making 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 utilize 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 insufficient space to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different rates tiers that differ based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might get approved for discount rates. Alternatives, swaps, and futures have their own rate schedules with varying costs.
One huge downside of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, concealed cost information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal details prior to proceeding. If you inadvertently send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you do not typically face with conventional banking platforms. The finest practices for keeping your monetary accounts secure are comparable. These consist of utilizing 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, including cold storage for a lot of consumer properties. It likewise has offers extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond 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.
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 which we wish to take revenue at this level what we wish to do is discover the difference between these values and that’s going to offer us.057 then we’re going to take the dollar quantity threat 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 Send To Wallet
distinction in between the entry and the stop okay and that’s going to provide 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 sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount all right so that suggests that in order to discover the capital requirement or the quantity of cash that we need for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here okay 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 need to be able to get into this position when we’re utilizing utilize 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 take advantage of that implies now I have ten thousand dollars to utilize alright since if we just had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account which makes it difficult fine so let’s go over to buy bit here let’s state we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open our utilize 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 ten dollars you are safe and you’re doing the best thing alright so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is altering nothing about the threat profile on the trade alright if you plan on trading anyways utilize the referral Link in the description alright every week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars weekly we’re selecting three winners a week okay we’re attempting to provide the costs that we’re gathering from the affiliate program back into the community for you guys 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 review the rules that I would recommend utilizing when growing a small account alright so the very first rule is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat fine each time you double the account so when you go to 100 approximately 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there up until we scale our account up a bit larger the third thing and this is super essential is everyone has a mental threshold when it concerns just how much cash 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 little bit emotional about the trades which’s something that you really wish to avoid up until you come comfortable doing that okay so say you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can stroll that back down to fifty dollars per trade choice that fixed amount when you want to maintain your capital and just choose an objective daily on
the money that you want to make once you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 to five thousand dollars weekly so I’m using 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 understand a couple years from now go up to a thousand try to make three to 5 thousand per trade and attempt to double my earnings all right so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay however what I want to do is find a location where I have actually a recently established uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
first pullback is two biggest waves up to three pullback is 4 and after that the high is five and the method we can look for 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 then find my factor 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 go up to the high of one if our price action comes down through