With low exchange charges. What Can You Do On Okx … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When participating in staking or saving functions, it likewise uses exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 regulative and compliance concerns.
If you remain in an area that works with OKX, you can develop an account that provides you access to trade 343 area currencies.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 room to list 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 may qualify for discounts.
One big disadvantage of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, covert cost details are a warning that may 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 proceeding. You likely will not recuperate any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not usually face with standard banking platforms. The finest practices for keeping your monetary accounts safe and secure are comparable. These consist of using 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 a lot of customer possessions. It also has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished 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 selling our position and that we want to take earnings at this level what we want to do is find the difference between these values and that’s going to provide us.057 then we’re going to take the dollar amount danger 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 What Can You Do On Okx
difference in between the stop and the entry all right and that’s going to provide us the amount of tokens that we need to buy in order to risk just ten dollars alright 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 risk benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have that set dollar amount alright so that means that in order to find the capital requirement or the amount of cash that we need for this trade we need 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 multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that indicates now I have 10 thousand dollars to use all right because if we just had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account that makes it impossible all right so let’s go over to buy bit here let’s say we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open up our leverage all right 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 all right so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account all right so this utilize ability is changing absolutely nothing about the threat profile on the trade fine if you plan on trading anyways use the referral Link in the description all right each week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars each week we’re selecting 3 winners a week all right we’re trying to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is listed 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 begin taking these trades I wish to review the rules that I would recommend utilizing when growing a small account okay so the first guideline is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 up to 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there up until we scale our account up a bit larger the third thing and this is very essential is everyone has a psychological limit when it comes to how much cash they’re comfortable running the risk of if I’m taking a look 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 begin feeling a little bit psychological about the trades and that’s something that you really want to prevent till you come comfy doing that fine so say you work your way as much as 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that back down to fifty dollars per trade pick that fixed quantity as soon as you wish to protect your capital and just select an objective each day on
the money that you want to make as soon as you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that 3 to 5 thousand dollars weekly 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 then I’ll increase it you understand a couple years from now move up to a thousand try to make three to 5 thousand per trade and attempt to double my income fine so let’s enter 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 actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai okay but what I want to do is find a location where I have a freshly developed uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
very first pullback is two biggest waves up to three pullback is 4 and after that the high is five and the way 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 here click back here and after that discover 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 increase to the high of one if our rate action comes down through