With low exchange fees. Last Index Mark Okx … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It likewise offers extremely high yields in many cases when participating in staking or conserving features.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
If you remain in a location that deals with OKX, you can develop an account that gives you access to trade 343 area currencies.
Supports margin borrowing, earning cryptocurrency through staking and cost 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space 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 different pricing tiers that differ 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 big holding in the OKB currency may get approved for discounts. Swaps, futures, and alternatives have their own rate schedules with differing costs.
One big drawback of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, covert expense information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. You likely won’t recover any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally face with standard banking platforms. The best practices for keeping your monetary accounts safe and secure are comparable. These include using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for many consumer assets. It also has offers extra 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 discover 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 offering our position and that we wish to take profit at this level what we want to do is find the difference between these values and that’s going to provide us.057 then we’re going to take the dollar quantity 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 Last Index Mark Okx
distinction between the stop and the entry alright and that’s going to provide us the amount of tokens that we need to purchase in order to risk only 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar quantity alright so that implies that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and multiply it by the entry price which is this level here fine 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 enter this position when we’re utilizing utilize the only thing it’s changing is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that means now I have ten thousand dollars to utilize fine due to the fact that if we just had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it difficult okay so let’s go over to purchase 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 enjoy what happens when we open up our utilize alright 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 running the risk of that 10 dollars you are safe and you’re doing the right thing okay so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is changing absolutely nothing about the threat profile on the trade fine 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 greater is
going to be immediately gone into to win a hundred dollars per week we’re selecting three winners a week okay we’re attempting to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can check out our Discord where we announce the winners all right before we hop into the trading system that you can utilize to start taking these trades I want to discuss the rules that I would recommend using when growing a little account fine so the very first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat all right each time you double the account so when you go to 100 approximately 200 okay 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 use that there until we scale our account up a bit larger the third thing and this is incredibly crucial is everybody has a mental threshold when it concerns how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the mathematics says you’re going to start feeling a little bit emotional about the trades and that’s something that you actually wish to prevent till you come comfy doing that all right so state you work your way approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can walk that pull back to fifty dollars per trade choice that repaired amount when you want to preserve your capital and just select a goal per day on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars weekly so I’m utilizing you learn about 2.5 percent of my entire 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 three to five thousand per trade and try to double my earnings alright so let’s enter 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 actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai fine however what I wish to do is discover a location where I have a newly developed uptrend first thing that I want to do is recognize my wave count okay so if this is our start
first pullback is two largest waves up to 3 pullback is 4 and after that the high is 5 and the way we can try to find 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 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 go up to the high of one if our price action comes down through