With low exchange fees. Okx Withdrawal Times … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. It also offers remarkably high yields sometimes when taking part in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can create an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin borrowing, earning 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices 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 discount rates. Options, swaps, and futures have their own rate schedules with varying costs.
One big disadvantage of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, covert cost information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you unintentionally send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security issues you don’t normally face with conventional banking platforms. Nevertheless, the best practices for keeping your financial 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, consisting of cold storage for most client possessions. It also 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’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 wish to take revenue at this level what we want to do is discover the distinction between these worths which’s going to provide us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Withdrawal Times
distinction in between the entry and the stop alright and that’s going to offer us the amount of tokens that we need to buy in order to risk just 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our danger reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar quantity alright so that means that in order to find the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here all right 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 require to be able to enter into this position when we’re utilizing take advantage of the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have ten thousand dollars to use okay because if we just had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account that makes it impossible all right so let’s visit buy bit here let’s state we wish to take this ape trade here fine 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 up our take advantage of okay and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying 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 only thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this take advantage of capability is changing nothing about the threat profile on the trade alright if you plan 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 immediately gotten in to win a hundred dollars weekly we’re picking 3 winners a week okay we’re attempting to give the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can check out our Discord where we reveal the winners okay prior to we hop into the trading system that you can use to begin taking these trades I want to go over the rules that I would suggest using when growing a small account all right so the first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk alright each time you double the account so when you go to 100 up to 200 alright 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 amount and utilize that there up until we scale our account up a little bit bigger the 3rd thing and this is extremely essential is everyone has a psychological limit when it pertains to how much cash they’re comfortable risking 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 math states you’re going to begin feeling a bit emotional about the trades and that’s something that you really wish to prevent till you come comfortable doing that okay so state you work your method up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that pull back to fifty dollars per trade pick that fixed quantity once you want to maintain your capital and simply pick a goal daily on
the money that you wish to make once you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you know I like to make three that three to 5 thousand dollars per week so I’m utilizing you understand about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you know a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my earnings alright so let’s get into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely 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 okay however what I wish to do is discover an area where I have a recently established uptrend first thing that I wish to do is determine my wave count alright so if this is our beginning
very first pullback is 2 biggest waves approximately 3 pullback is 4 and after that the high is 5 and the method 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 here click back here and then find my element of one and you can see the cost 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 boils down through