With low exchange fees. What Is The Fee For Okx … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It likewise offers incredibly high yields sometimes when taking part in staking or saving features.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world 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.
If you remain in a location that deals with OKX, you can produce an account that gives you access to trade 343 spot currencies.
likewise supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 inadequate room to list them all in our OKX review. There are 343 currencies on the exchange overall.
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 might qualify for discounts.
One huge disadvantage of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, concealed cost information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely will not recuperate any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not normally face with traditional banking platforms. The finest practices for keeping your monetary accounts protected are comparable. These consist of using strong passwords special to every website 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 consumer properties. It also has offers extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will discover a familiar experience at OKX if you have actually 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we want to take profit at this level what we wish to do is discover the distinction between these values which’s going to offer us.057 then we’re going to take the dollar amount risk we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the What Is The Fee For Okx
distinction in between the entry and the stop okay and that’s going to provide us the amount of tokens that we need to buy in order to run the risk of only ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat 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 okay so that means that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and increase 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 which’s going to offer us 587 dollars then we require to be able to get into this position when we’re utilizing utilize the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have ten thousand dollars to utilize fine since if we just had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account that makes it difficult alright so let’s go over to purchase bit here let’s say we wish 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 view what happens when we open our take advantage of okay and you’re gon na get this caution that the liquidation is high fine 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 all right so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account okay so this leverage capability is altering absolutely nothing about the threat profile on the trade all right if you intend on trading anyways use the recommendation Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars weekly we’re choosing 3 winners a week all right we’re attempting to give the charges that we’re gathering from the affiliate program back into the community for you guys trading with us link is below you can check out 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 go over the guidelines that I would advise utilizing when growing a small account all right so the very first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 as much as 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 amount and use that there till we scale our account up a bit bigger the third thing and this is very essential is everyone has a psychological threshold 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 three trades in a row I don’t care who you are or what the math says you’re going to start feeling a bit psychological about the trades and that’s something that you actually want to prevent up until you come comfy doing that fine so state you work your way as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that back down to fifty dollars per trade choice that fixed quantity when you want to protect your capital and simply select an objective each day on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 to 5 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 then I’ll increase it you know a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings fine so let’s enter the bread and butter of the actual 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 show you one of the setups that I had on xrp when I was really in Dubai okay however what I wish to do is find an area where I have a recently established uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is 2 largest waves as much as three pullback is four and then the high is 5 and the way we can try to find the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link 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 cost action boils down through