With low exchange charges. Fiat Gateway Okx … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or saving functions, it also offers extremely 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 in the world by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
If you remain in an area that deals with OKX, you can produce an account that provides you access to trade 343 spot currencies.
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 use in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room 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 large holding in the OKB currency may certify for discount rates.
One big downside of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction details before proceeding. If you inadvertently send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t typically confront with traditional banking platforms. However, the best practices for keeping your financial accounts protected are similar. These consist of using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for many customer possessions. It also has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will discover a familiar experience at OKX if you’ve 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 offering our position which we want to take earnings at this level what we wish to do is find the difference between these worths and that’s going to offer us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Fiat Gateway Okx
distinction in between the stop and the entry fine and that’s going to provide us the amount of tokens that we require to buy in order to risk only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require 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 require for this trade we need to take the amount of coins and increase it by the entry price which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to enter this position when we’re using take advantage of the only thing it’s changing is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have ten thousand dollars to utilize fine since if we just had a hundred dollar account fine this 587 is already 5x the size of our money value of our account which makes it difficult fine so let’s go over to purchase bit here let’s say we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open our utilize okay and you’re gon na get this caution that the liquidation is high okay 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 fine so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this utilize ability is altering nothing about the threat profile on the trade okay if you intend on trading anyways use the referral Link in the description okay every week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars weekly we’re picking three winners a week alright we’re trying to offer the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect 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 use to start taking these trades I want to go over the guidelines that I would suggest using when growing a little account alright so the first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger alright each time you double the account so when you go to 100 up to 200 fine you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there till we scale our account up a bit larger the 3rd thing and this is very crucial is everybody has a mental threshold when it concerns how much money they’re comfortable running the risk of if I’m looking 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 bit psychological about the trades which’s something that you truly want to avoid up until you come comfortable doing that okay so say 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 and that’s excessive for you fine you can walk that pull back to fifty dollars per trade choice that repaired quantity when you want to protect your capital and simply pick a goal per day on
the cash that you want to make as soon as 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 3 to 5 thousand dollars per week so I’m using you know 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 understand a couple years from now move up to a thousand try to make 3 to five thousand per trade and attempt to double my earnings fine so let’s enter the support of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai all right however what I want to do is find an area where I have a recently developed uptrend first thing that I want to do is identify my wave count fine so if this is our start
very first pullback is 2 largest waves as much as 3 pullback is four and after that the high is 5 and the method we can look for the top of five is by using 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 after that find 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 go up to the high of one if our cost action boils down through