With low exchange charges. Okx Seriös … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or conserving functions, it likewise offers remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
If you remain in a location that deals with OKX, you can create an account that gives you access to trade 343 spot currencies.
also 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that differ based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discounts. Futures, swaps, and options have their own rate schedules with differing fees.
One big disadvantage of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details before continuing. You likely won’t recuperate any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t generally confront with standard banking platforms. Nevertheless, the very best practices for keeping your monetary accounts protected are comparable. These include using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many client assets. It also has offers additional features like the capability 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. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted 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 offering our position and that we want to take revenue at this level what we wish to do is discover the difference in between these values and that’s going to give us.057 then we’re going to take the dollar amount risk 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 Seriös
distinction in between the stop and the entry alright which’s going to provide us the quantity of tokens that we need to buy in order to run the risk of just 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our danger benefit 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 okay so that indicates 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 price which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 which’s going to give us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s changing is just how much money 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 due to the fact that if we just had a hundred dollar account all right 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 say we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open our take advantage of all right and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring 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 alright so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is changing absolutely nothing about the risk profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description okay weekly we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars weekly we’re selecting three winners a week fine we’re trying to offer the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is below you can have a look at 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 recommend utilizing when growing a little account all right so the first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 as much as 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there till we scale our account up a bit bigger the 3rd thing and this is extremely important is everybody has a mental threshold when it pertains to 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 bit emotional about the trades which’s something that you truly want to prevent up until you come comfy doing that fine so state you work your way as much as 200 to 500 to a thousand alright and then 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 choice that fixed quantity when you wish to protect your capital and simply pick an objective each day on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to 5 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 shot to make three to 5 thousand per trade and try to double my income alright 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 absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai all right but what I wish to do is find an area where I have a newly developed uptrend first thing that I want to do is identify my wave count okay so if this is our start
first pullback is two largest waves as much as 3 pullback is four and after that the high is five and the method we can search for the top of five 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 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 increase to the high of one if our cost action comes down through