With low exchange fees. Okx 100X Leverage Fees … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It likewise provides remarkably high yields in some cases when participating in staking or saving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site 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.
You can develop an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining 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 evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that differ based upon 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 qualify for discount rates. Swaps, options, and futures have their own rate schedules with differing charges.
One big drawback of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, hidden cost information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal details before proceeding. You likely will not recuperate any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t usually confront with standard banking platforms. However, the best practices for keeping your financial accounts safe are similar. These include utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for a lot of consumer assets. It also has deals additional 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 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 selling our position which we wish to take revenue at this level what we want to do is find the distinction between these values and that’s going to give us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx 100X Leverage Fees
distinction between the stop and the entry fine and that’s going to provide us the quantity of tokens that we require to purchase in order to risk only 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity alright so that indicates 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 increase it by the entry rate which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have ten thousand dollars to use alright because if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account that makes it difficult all right so let’s visit buy bit here let’s say we wish to take this ape trade here fine 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 up our utilize alright and you’re gon na get this warning that the liquidation is high alright 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 best thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account okay so this take advantage of capability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways utilize the referral Link in the description fine each week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars per week we’re picking 3 winners a week okay we’re attempting to offer the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can check out our Discord where we announce the winners alright prior to we hop into the trading system that you can use to begin taking these trades I want to go over the guidelines that I would recommend utilizing when growing a small account all right so the very first rule is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger all right each time you double the account so when you go to 100 up to 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there until we scale our account up a bit bigger the 3rd thing and this is incredibly important is everyone has a mental threshold when it pertains to how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math states you’re going to start feeling a bit emotional about the trades which’s something that you really wish to prevent up until you come comfy doing that all right so say you work your method as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can walk that pull back to fifty dollars per trade choice that repaired amount as soon as you want to maintain your capital and just pick a goal daily on
the cash that you want to make once you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make three that 3 to five thousand dollars weekly so I’m utilizing 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 know a couple years from now go up to a thousand shot to make three to five thousand per trade and try to double my income okay so let’s enter into 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 actually absolutely 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 fine however what I wish to do is find an area where I have actually a newly developed uptrend first thing that I want to do is determine my wave count all right so if this is our start
very first pullback is two largest waves approximately 3 pullback is 4 and then the high is five and the way we can look for the top of five is by using 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 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 rate action boils down through