With low exchange charges. 3Commas Okx … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. It likewise offers remarkably high yields sometimes when taking part in staking or conserving features.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may certify for discounts.
One big downside of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, covert expense information 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 constantly double-check deal information before continuing. If you unintentionally send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security issues you don’t typically face with conventional banking platforms. The best practices for keeping your financial accounts secure are similar. These include using strong passwords unique 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 cold storage for most customer 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 beyond 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 significance that if we’re wrong and it continues moving down we’re selling our position which we want to take revenue at this level what we wish to do is find the distinction in between these worths which’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 3Commas Okx
distinction in between the entry and the stop fine which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount fine so that suggests that in order to find the capital requirement or the quantity of money that we need 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 multiplied by 3.35 and that’s going to give us 587 dollars then we require to be able to enter this position when we’re using take advantage of the only thing it’s changing is just how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have 10 thousand dollars to utilize alright because if we only had a hundred dollar account fine this 587 is already 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 state 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 enjoy what occurs when we open up our take advantage of alright and you’re gon na get this warning that the liquidation is high alright 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 ideal thing all right so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account alright so this take advantage of capability is altering nothing about the threat profile on the trade alright if you intend on trading anyways use the referral Link in the description fine every week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars each week we’re selecting three winners a week fine we’re attempting to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to start taking these trades I want to discuss the rules that I would recommend using when growing a small account all right so the first guideline is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 up to 200 alright you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there up until we scale our account up a little bit larger the third thing and this is very crucial is everybody has a psychological threshold when it concerns just how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to begin feeling a bit emotional about the trades and that’s something that you actually wish to avoid up until you come comfortable doing that fine so say you work your method up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can stroll that pull back to fifty dollars per trade pick that repaired quantity as soon as you want to maintain your capital and simply choose an objective each day on
the money that you want to make when you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 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 after that I’ll increase it you understand a couple years from now go up to a thousand shot to make three to 5 thousand per trade and try to double my income alright so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai okay but what I wish to do is find a location where I have a newly developed uptrend first thing that I wish to do is identify my wave count okay so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is 4 and after that the high is five and the method we can look for the top of 5 is by utilizing a Fibonacci projection 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 discover my factor of one and you can see the rate 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 comes down through