With low exchange fees. Where Can I Find My Okx Wallet Address … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When taking part in staking or conserving features, it likewise offers exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
You can produce an account that gives 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 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different 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 big holding in the OKB currency might receive discount rates. Swaps, options, and futures have their own rate schedules with differing costs.
One huge downside of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, concealed expense information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal details before proceeding. If you unintentionally send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security concerns you don’t usually confront with traditional banking platforms. The finest practices for keeping your financial accounts safe are comparable. These include 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 the majority of client assets. 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 simple for anyone 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 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 selling our position and that we want to take revenue at this level what we wish to do is find the distinction in between these values which’s going to offer us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Where Can I Find My Okx Wallet Address
distinction in between the stop and the entry all right and that’s going to provide us the quantity of tokens that we need to purchase 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 going to have the ability to call in our risk benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar quantity okay so that indicates that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the amount 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 using leverage the only thing it’s altering is how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that indicates now I have ten thousand dollars to use okay due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account which makes it impossible okay so let’s visit purchase bit here let’s state we want to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open up our leverage fine and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this leverage capability is altering nothing about the risk profile on the trade okay if you intend on trading anyways utilize the referral Link in the description fine weekly we do a free gift where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re selecting three winners a week alright we’re trying to offer 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 have a look at our Discord where we reveal the winners alright before we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would advise utilizing when growing a small account alright so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 approximately 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there till we scale our account up a little bit bigger the third thing and this is extremely crucial is everyone has a psychological threshold when it comes to just how much cash they’re comfortable running the risk of if I’m looking 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 mathematics says you’re going to start feeling a bit psychological about the trades which’s something that you actually want to avoid till you come comfortable doing that alright so state 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 all right you can stroll that pull back to fifty dollars per trade pick that repaired amount once you want to maintain your capital and just pick a goal each day on
the money that you want to make once you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make three that three to 5 thousand dollars each week so I’m utilizing 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 move up to a thousand try to make three to five thousand per trade and try to double my earnings okay so let’s get into the support of the real 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 reveal you among the setups that I had on xrp when I was really in Dubai all right but what I wish to do is discover an area where I have a recently established uptrend first thing that I wish to do is identify my wave count okay so if this is our start
first pullback is 2 biggest waves as much as three pullback is four and then the high is 5 and the way we can search for 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 after that discover my element 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 go up to the high of one if our price action boils down through