With low exchange costs. Crypto Zombie Okx … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. When participating in staking or saving features, it also uses remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
You can develop an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you use 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 room 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 might qualify for discounts.
One big disadvantage of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, concealed expense information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. You likely won’t recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not typically face with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts secure are similar. These consist of using strong passwords special to every site and app along 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 customer properties. It also has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. You will find a familiar experience at OKX if you have actually 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 wish to take revenue at this level what we want to do is discover the distinction between these worths which’s going to provide us.057 then we’re going to take the dollar amount threat we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Crypto Zombie Okx
difference 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 risk only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our risk reward and you’re going to absolutely 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 discover the capital requirement or the amount of money that we require for this trade we need to take the amount of coins and multiply 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 need to be able to get into this position when we’re using leverage the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that indicates now I have 10 thousand dollars to utilize okay due to the fact that if we just had a hundred dollar account okay this 587 is currently 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 want 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 see what happens when we open up our utilize all right and you’re gon na get this caution that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account alright so this take advantage of ability is altering absolutely nothing about the threat profile on the trade alright if you intend on trading anyways utilize the referral Link in the description fine every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re picking three winners a week alright we’re trying to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is listed below you can take a look at our Discord where we reveal the winners all right before we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the rules that I would recommend utilizing when growing a small account okay 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 10 dollar risk all right each time you double the account so when you go to 100 as much as 200 fine you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there till we scale our account up a bit bigger the third thing and this is incredibly crucial is everyone has a mental limit when it comes to just how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit emotional about the trades and that’s something that you really want to prevent until you come comfortable doing that fine so say you work your way up to 200 to 500 to a thousand all right 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 pull back to fifty dollars per trade choice that repaired quantity 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 comfy threshold where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to five 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 after that I’ll increase it you understand a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my income alright so let’s enter into 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 in fact in Dubai alright however what I want to do is discover a location where I have a newly established uptrend first thing that I wish to do is identify my wave count all right so if this is our start
first pullback is two biggest waves up to 3 pullback is 4 and after that the high is five and the way we can search 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 here click back here and then discover my aspect 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