With low exchange charges. Okx 003 … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or saving features, it also uses extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims 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 a location that deals with OKX, you can develop an account that offers you access to trade 343 area currencies.
also supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you use 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 room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different prices tiers that vary based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might get approved for discounts. Choices, swaps, and futures have their own rate schedules with varying costs.
One huge disadvantage of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, hidden expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. If you mistakenly send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you don’t normally face with standard banking platforms. However, the very best practices for keeping your monetary accounts secure are comparable. These include utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most consumer possessions. It also has offers extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody 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 selling our position and that we wish to take revenue at this level what we want to do is discover the distinction in between these worths which’s going to provide us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx 003
distinction between the stop and the entry alright and that’s going to provide us the amount of tokens that we require to purchase in order to run the risk of only ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar amount fine so that implies that in order to find 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 cost which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to enter this position when we’re using utilize the only thing it’s altering is just 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 10 thousand dollars to use alright because if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account which makes it difficult okay so let’s go over to buy bit here let’s say we want to take this ape trade here alright 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 leverage fine and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of capability is altering absolutely nothing about the threat profile on the trade alright if you plan on trading anyways utilize the recommendation Link in the description fine each week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars per week we’re picking three winners a week fine we’re attempting to offer the costs that we’re gathering from the affiliate program back into the community for you guys trading with us link is listed below you can check out our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would recommend using when growing a small account fine so the very first guideline is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar danger alright 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 limit get comfortable with the dollar amount and use that there up until we scale our account up a bit larger the third thing and this is very crucial is everybody has a mental limit when it comes to just how much cash they’re comfortable running the risk of if I’m taking a look 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 states you’re going to begin feeling a little bit emotional about the trades which’s something that you actually wish to avoid till you come comfortable doing that fine so state you work your way up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that back down to fifty dollars per trade pick that repaired quantity when you wish to maintain your capital and just pick a goal per day on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to 5 thousand dollars per week so I’m using you know 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 shot to make 3 to five thousand per trade and attempt to double my earnings all right so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai alright but what I wish to do is discover an area where I have a recently developed uptrend first thing that I wish to do is recognize my wave count alright so if this is our beginning
very first pullback is two biggest waves up to 3 pullback is four and then the high is 5 and the way we can search for the top of five is by using a Fibonacci forecast 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 rate 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 price action boils down through