With low exchange fees. What Coins Can You Buy On Okx … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When taking part in staking or conserving functions, it likewise offers incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website claims 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 offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, making 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 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 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 may qualify for discount rates.
One big disadvantage of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, surprise expense details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely will not recuperate any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t normally confront with standard banking platforms. The best practices for keeping your financial accounts safe are comparable. These include utilizing strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many customer properties. It likewise has deals extra functions like the ability 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. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 offering our position which we wish to take revenue at this level what we want to do is find the distinction in between these worths which’s going to offer us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the What Coins Can You Buy On Okx
difference in between the stop and the entry fine which’s going to give us the quantity of tokens that we need to buy in order to risk only ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our threat reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar quantity okay so that implies that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the amount of coins and increase it by the entry rate which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to enter this position when we’re utilizing leverage the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have ten thousand dollars to use all right because if we just had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account which makes it impossible okay so let’s visit buy bit here let’s say we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what occurs when we open our leverage okay and you’re gon na get this caution 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 okay so now just 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 altering nothing about the threat profile on the trade okay if you plan on trading anyways use the referral Link in the description fine each week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re selecting 3 winners a week alright we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you men trading with us connect is listed below you can check out our Discord where we reveal the winners okay before we hop into the trading system that you can use to start taking these trades I wish to review the rules that I would recommend using when growing a small account fine so the very first rule 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 as much as 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there until we scale our account up a little bit larger the 3rd thing and this is very essential is everyone has a psychological limit when it pertains 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 three trades in a row I don’t care who you are or what the math says you’re going to begin feeling a bit psychological about the trades and that’s something that you truly want to avoid until you come comfy doing that all right so say you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade choice that fixed amount once you want to preserve your capital and simply select a goal each day on
the money that you wish to make as soon as you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to five thousand dollars per week so I’m using you learn 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 know a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings okay so let’s get into the support of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have 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 wish to do is discover a location where I have a freshly developed uptrend first thing that I want to do is recognize my wave count fine so if this is our beginning
very first pullback is two biggest waves as much as three pullback is four and then the high is five and the method we can look for the top of five is by utilizing 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 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 increase to the high of one if our price action boils down through