With low exchange fees. Okx Uid Number … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When participating in staking or conserving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
If you remain in a location that deals with OKX, you can create an account that provides you access to trade 343 area currencies.
Supports margin borrowing, making cryptocurrency through staking and 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX review. There are 343 currencies on the exchange total.
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 may qualify for discounts.
One big drawback of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, surprise expense details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal details prior to continuing. If you inadvertently send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you do not normally face with traditional banking platforms. The finest practices for keeping your monetary accounts protected are comparable. These include utilizing strong passwords special to every website 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 the majority of customer assets. It also has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of 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.
wished to purchase 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 which we want to take earnings at this level what we wish to do is discover the distinction in between these values and that’s going to provide us.057 then we’re going to take the dollar quantity risk we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Uid Number
distinction in between the entry and the stop all right and that’s going to give us the amount of tokens that we require to buy in order to run the risk of only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our risk 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 quantity okay so that indicates that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and multiply it by the entry cost 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 give us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have ten thousand dollars to utilize fine due to the fact that if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account which makes it difficult okay so let’s go over to buy bit here let’s say we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open our take advantage of all right and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing fine so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this leverage capability is altering nothing about the threat profile on the trade fine if you plan on trading anyways use the recommendation Link in the description okay every week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars per week we’re picking three winners a week okay we’re attempting to give the costs that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is below you can take a look at our Discord where we reveal the winners all right 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 using when growing a small account all right so the first guideline is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat fine each time you double the account so when you go to 100 approximately 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there till we scale our account up a little bit bigger the 3rd thing and this is extremely important is everyone has a psychological limit when it comes to just how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 sell 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 which’s something that you really want to prevent till you come comfy doing that all right so say you work your way up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can stroll that back down to fifty dollars per trade pick that fixed amount as soon as you want to maintain your capital and simply select an objective daily on
the cash that you want to make once you get up to a comfy threshold where it’s fitting your earnings goals 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 go up to a thousand try to make 3 to five thousand per trade and attempt to double my income okay so let’s get into the support of the real 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 reveal you among the setups that I had on xrp when I was really in Dubai okay but what I wish to do is discover an area where I have actually a recently developed uptrend first thing that I want to do is recognize my wave count alright so if this is our start
first pullback is two biggest waves up to 3 pullback is 4 and then the high is five and the way we can try to find the top of 5 is by utilizing a Fibonacci projection 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 aspect of one and you can see the price 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