With low exchange fees. How To Deposit On Okx … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. When participating in staking or saving functions, it likewise provides exceptionally 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 biggest 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 issues.
If you remain in an area that deals with OKX, you can create an account that gives you access to trade 343 area currencies.
Supports margin loaning, 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 utilize in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing 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 large holding in the OKB currency may get approved for discount rates. Swaps, futures, and choices have their own rate schedules with differing fees.
One huge downside of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, hidden expense information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. If you inadvertently send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security concerns you don’t generally confront with conventional banking platforms. The best practices for keeping your monetary accounts safe are comparable. These consist of using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for most consumer assets. It also has deals additional features like the capability 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 find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 selling our position and that we want to take profit at this level what we want to do is find the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity threat we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the How To Deposit On Okx
difference between the stop and the entry okay which’s going to provide us the quantity of tokens that we require to purchase in order to risk only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call 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 amount okay so that suggests that in order to discover the capital requirement or the amount of money that we need for this trade we need to take the quantity 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 get into this position when we’re utilizing leverage the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have ten thousand dollars to utilize alright since if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account which makes it difficult all right so let’s go over to buy bit here let’s say we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open our take advantage of fine and you’re gon na get this warning that the liquidation is high all right 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 okay 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 leverage capability is altering nothing about the danger profile on the trade okay if you intend on trading anyways use the recommendation Link in the description okay 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 weekly we’re choosing three winners a week fine we’re trying to provide the costs that we’re gathering from the affiliate program back into the community for you men trading with us connect is listed below you can take a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can use to start taking these trades I want to go over the rules that I would suggest utilizing when growing a small account okay so the first rule is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat okay each time you double the account so when you go to 100 up to 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there till we scale our account up a bit larger the third thing and this is incredibly essential is everybody has a mental threshold when it comes to 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 mathematics says you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly wish to avoid up until you come comfy doing that okay so state you work your way approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that pull back to fifty dollars per trade pick that repaired quantity as soon as you want to preserve your capital and simply choose an objective each day on
the money 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 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 move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings 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 markets with for the past couple months that have actually 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 however what I wish to do is find an area where I have actually a freshly developed uptrend first thing that I wish to do is determine my wave count alright so if this is our beginning
first pullback is two biggest waves approximately 3 pullback is 4 and after that the high is five and the method 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 worth I’m gon na click here click back here and then 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 increase to the high of one if our cost action boils down through