With low exchange charges. Okx Vpad … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When participating in staking or saving functions, it also offers incredibly high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
You can create an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different rates tiers that vary 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 receive discounts. Alternatives, futures, and swaps have their own rate schedules with differing costs.
One huge downside of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, covert expense details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely won’t recover any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t usually confront with conventional banking platforms. The best practices for keeping your monetary accounts safe and secure are comparable. These include utilizing strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most consumer properties. It also has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished to buy 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 want to take revenue at this level what we wish to do is discover the distinction between these values and that’s going to offer us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Vpad
distinction in between the stop and the entry alright which’s going to offer us the quantity of tokens that we need to purchase in order to risk only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar quantity alright so that suggests that in order to discover the capital requirement or the quantity of money that we need for this trade we have to take the amount of coins and increase it by the entry price which is this level here all right 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 require to be able to enter this position when we’re utilizing take advantage of 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 use a 100x take advantage of that implies now I have 10 thousand dollars to use all right due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our money value of our account that makes it difficult alright so let’s go over to buy bit here let’s say we wish 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 see what takes place when we open up our utilize fine and you’re gon na get this caution 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 10 dollars you are safe and you’re doing the best thing okay so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this utilize capability is altering absolutely nothing about the danger profile on the trade okay if you intend on trading anyways use the referral Link in the description all right each week we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars weekly we’re choosing three winners a week all right we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can take a look at our Discord where we reveal the winners alright before we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would advise utilizing when growing a small account fine so the very first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 up to 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there up until we scale our account up a little bit larger the third thing and this is super important is everyone has a psychological limit when it comes 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 three sell a row I don’t care who you are or what the math states you’re going to start feeling a little bit psychological about the trades which’s something that you really wish to avoid up until you come comfy doing that okay so say you work your method up to 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 okay you can walk that pull back to fifty dollars per trade choice that fixed quantity once you want to preserve your capital and simply pick a goal daily on
the money that you wish 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 three that 3 to 5 thousand dollars per week so I’m utilizing you know 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 move up to a thousand try to make 3 to 5 thousand per trade and try to double my income all right so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the markets 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 in fact in Dubai alright 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 determine my wave count okay so if this is our beginning
first pullback is 2 biggest waves up to three pullback is four and after that the high is five and the way we can try to find the top of 5 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 discover 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