With low exchange fees. Leverage Okx … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. When participating in staking or saving functions, it likewise uses remarkably high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 countries. They don’t 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 offers you access to trade 343 area currencies.
Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could 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 review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 certify for discount rates.
One huge drawback of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information before continuing. If you unintentionally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you don’t typically face with standard banking platforms. The finest practices for keeping your monetary accounts safe and secure 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 utilizes industry-standard security practices, including freezer for many consumer properties. It likewise has offers additional features like the capability 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 market brokerage account, you will find a familiar experience at OKX.
wished 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 offering our position which we want to take earnings at this level what we wish to do is discover the distinction in between these values and that’s going to give us.057 then we’re going to take the dollar amount 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 Leverage Okx
difference between the entry and the stop fine which’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of only ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat reward 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 alright so that implies that in order to find the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and increase it by the entry rate 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 provide us 587 dollars then we require to be able to get into this position when we’re utilizing leverage 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 use a 100x take advantage of that indicates now I have ten thousand dollars to utilize alright since if we just had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account which makes it difficult all right so let’s visit purchase bit here let’s state we want 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 see what occurs when we open our take advantage of okay and you’re gon na get this caution that the liquidation is high alright 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 alright so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this leverage capability is changing absolutely nothing about the danger profile on the trade alright if you plan on trading anyways utilize the referral Link in the description all right each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars per week we’re selecting three winners a week all right we’re attempting to offer the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is below you can take a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the rules that I would advise using when growing a small account okay so the very first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 up to 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there until we scale our account up a little bit bigger the third thing and this is super crucial is everyone has a mental limit when it concerns just how much money they’re comfortable running the risk of 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 math states you’re going to begin feeling a bit emotional about the trades which’s something that you actually wish to avoid up until you come comfy doing that all right so say you work your way approximately 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 alright you can stroll that pull back to fifty dollars per trade pick that fixed quantity as soon as you want to protect your capital and just pick an objective daily on
the money that you want to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars each week so I’m using you learn 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 shot to make 3 to 5 thousand per trade and attempt to double my earnings fine 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 definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai all right however what I want to do is discover a location where I have actually a newly established uptrend first thing that I wish to do is determine my wave count alright so if this is our beginning
first pullback is 2 biggest waves up to three pullback is 4 and after that the high is 5 and the way we can try to find the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and then discover my element 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 boils down through