With low exchange fees. Ben Zhou Linkedin Okx … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or saving functions, it likewise uses remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices all over 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 concerns.
You can produce an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, making cryptocurrency through staking and 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 not enough room to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that vary based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may get approved for discount rates. Futures, swaps, and choices have their own rate schedules with varying charges.
One big downside of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, covert cost details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal information prior to continuing. If you mistakenly send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you don’t usually face with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are comparable. These include using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for most customer properties. It likewise has deals extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished to buy 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 offering our position which we want to take profit at this level what we wish to do is find the difference in between these values and that’s going to give us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Ben Zhou Linkedin Okx
difference in between the stop and the entry all right which’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars fine 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 threat reward and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have actually that set dollar quantity okay so that means 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 rate 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 offer us 587 dollars then we require to be able to get into this position when we’re using utilize the only thing it’s altering is how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to use all right due to the fact that if we only had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account that makes it difficult all right so let’s visit buy bit here let’s state we wish 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 view what happens when we open our leverage all right and you’re gon na get this caution that the liquidation is high fine 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 ideal thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this leverage ability is altering nothing about the danger profile on the trade alright if you plan on trading anyways use the recommendation Link in the description alright every week we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars per week we’re picking 3 winners a week fine we’re attempting to offer the fees that we’re collecting from the affiliate program back into the neighborhood 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 use to begin taking these trades I want to review the guidelines that I would advise utilizing when growing a small account all right so the first guideline is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 as much as 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there up until we scale our account up a bit bigger the 3rd thing and this is very crucial is everyone has a psychological limit when it comes to just how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit emotional about the trades and that’s something that you truly want to prevent till you come comfy doing that okay so say you work your way as much as 200 to 500 to a thousand all right and after that 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 choice that repaired quantity when you wish to protect your capital and just choose a goal per day on
the cash that you want to make as soon as you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you understand I like to make 3 that three to five thousand dollars per week 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 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 income all right so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai alright however what I wish to do is discover a location where I have a freshly developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
first pullback is two largest waves up to 3 pullback is four and then the high is five and the way we can look for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and then discover my aspect 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 boils down through