With low exchange costs. Okx Bitboy Crypto … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. When taking part in staking or conserving features, it likewise provides extremely high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest 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 regulatory and compliance issues.
You can develop an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin loaning, earning cryptocurrency through staking and 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 insufficient 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 different prices tiers that differ based upon 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 might receive discount rates. Choices, futures, and swaps have their own rate schedules with differing fees.
One big drawback of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction information prior to continuing. You likely will not recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally confront with traditional 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 along 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 likewise has deals extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
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 which we want to take profit at this level what we want to do is find the difference in between these worths and that’s going to give us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Bitboy Crypto
distinction in between the stop and the entry okay and that’s going to give us the quantity of tokens that we need to buy in order to run the risk of just 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have that set dollar amount all right so that indicates that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and multiply 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 using leverage the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to utilize fine since if we only had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account that makes it difficult okay so let’s go over to purchase bit here let’s state we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open our utilize alright 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 10 dollars you are safe and you’re doing the best thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is changing nothing about the risk profile on the trade alright if you plan on trading anyways utilize the recommendation Link in the description all right every week we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars weekly we’re choosing three winners a week all right we’re trying to provide the fees that we’re gathering from the affiliate program back into the community for you guys trading with us link is below you can check out our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would suggest using when growing a small account fine so the very first guideline is begin with the dollar amount danger 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 as much as 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a little bit bigger the third thing and this is extremely essential is everyone has a psychological threshold when it pertains to how much cash they’re comfortable risking 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 says you’re going to begin feeling a bit psychological about the trades which’s something that you really want to prevent up until you come comfy doing that alright so say you work your method as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that back down to fifty dollars per trade choice that fixed amount as soon as you wish to protect your capital and simply pick an objective daily on
the cash that you wish to make once 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 three to 5 thousand dollars per 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 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 okay so let’s get into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have definitely 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 alright however what I want to do is discover a location where I have a recently developed uptrend first thing that I want to do is recognize my wave count alright so if this is our start
very first pullback is two largest waves approximately three pullback is four and then the high is 5 and the method we can look for the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and after that find my aspect of one and you can see the price 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 cost action comes down through