With low exchange fees. Okx Swap … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It also provides incredibly high yields in many cases when participating in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces worldwide. 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 don’t take users from the United States due to regulative and compliance concerns.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin loaning, earning 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 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 space to note them all in our OKX review. 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 downside of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal information before proceeding. You likely will not recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t generally face with conventional banking platforms. The finest practices for keeping your monetary accounts protected are similar. These include utilizing strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for the majority of consumer properties. It likewise has deals extra 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. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 offering our position which we wish to take earnings at this level what we want to do is discover the difference between these worths and that’s going to give 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 Swap
difference between the stop and the entry fine which’s going to provide us the quantity 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 ever going to have the ability to call in our risk benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar amount all right so that means that in order to discover the capital requirement or the amount of money that we need for this trade we have to take the quantity 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 and that’s going to provide us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have 10 thousand dollars to utilize fine since if we only 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 visit purchase bit here let’s say we want 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 okay and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is changing nothing about the danger profile on the trade okay if you intend on trading anyways use the recommendation Link in the description fine weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars weekly we’re picking three winners a week all right we’re attempting to give the costs that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to start taking these trades I want to discuss the rules that I would recommend utilizing when growing a small account fine so the very first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk fine each time you double the account so when you go to 100 approximately 200 alright you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there till we scale our account up a little bit bigger the 3rd thing and this is extremely crucial is everyone has a mental threshold when it concerns just how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math states you’re going to start feeling a little bit emotional about the trades and that’s something that you really want to avoid up until you come comfortable doing that all right so say 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 which’s excessive for you okay you can stroll that pull back to fifty dollars per trade choice that fixed amount once you want to protect your capital and just choose an objective daily on
the money that you want to make once you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make three that three to five thousand dollars weekly so I’m using you understand 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 understand a couple years from now go up to a thousand try to make three to five thousand per trade and attempt to double my earnings okay 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 actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai fine however what I want to do is discover an area where I have a freshly developed uptrend first thing that I wish to do is recognize my wave count fine so if this is our beginning
very first pullback is two largest waves up to three pullback is four and then the high is five 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 on this link click back here and then find my element 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 price action comes down through