With low exchange costs. Okx $200 Bonus … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It likewise provides remarkably high yields in some cases when participating in staking or conserving features.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance issues.
You can create an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different rates tiers that vary 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 may receive discount rates. Swaps, alternatives, and futures have their own rate schedules with differing costs.
One big drawback of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal details before proceeding. If you accidentally send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you don’t usually face with conventional banking platforms. The finest practices for keeping your monetary accounts protected are comparable. These include utilizing strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of consumer possessions. It likewise has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will discover a familiar experience at OKX if you have actually 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 want to take profit at this level what we want to do is discover the difference in between these values which’s going to offer us.057 then we’re going to take the dollar amount risk 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 Okx $200 Bonus
distinction between the stop and the entry alright which’s going to provide us the amount of tokens that we require to buy in order to risk only ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity okay so that suggests that in order to discover 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 all right 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 require to be able to enter into this position when we’re using leverage the only thing it’s changing is just how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have 10 thousand dollars to use fine because if we just had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account which makes it difficult alright so let’s visit buy bit here let’s say we wish to take this ape trade here okay 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 all right and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right 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 changing absolutely nothing about the risk profile on the trade alright if you plan on trading anyways use the recommendation Link in the description okay each week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re choosing 3 winners a week okay we’re trying to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is 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 begin taking these trades I want to review the guidelines that I would recommend using when growing a small account okay so the first rule is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger okay each time you double the account so when you go to 100 up to 200 fine 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 utilize that there till we scale our account up a little bit bigger the 3rd thing and this is incredibly essential is everybody has a mental limit when it pertains to 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 3 trades in a row I don’t care who you are or what the math states you’re going to begin feeling a little bit psychological about the trades and that’s something that you really wish to prevent till you come comfortable doing that fine so say you work your way as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can stroll that pull back to fifty dollars per trade pick that repaired amount when you want to protect your capital and simply select an objective each day on
the cash that you want to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make three that 3 to five thousand dollars weekly so I’m using you understand about 2.5 percent of my whole 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 shot to make 3 to five thousand per trade and attempt to double my earnings alright so let’s get into 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 absolutely 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 alright but what I wish to do is find an area where I have actually a recently established uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
very first pullback is 2 largest waves up to three pullback is four and then the high is five and the way we can search for 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 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 comes down through