With low exchange charges. Okx Customer Service Number … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It likewise provides incredibly high yields sometimes when taking part in staking or saving functions.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site 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.
If you’re in an area that deals with OKX, you can create an account that offers you access to trade 343 spot currencies.
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. 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 not enough 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 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 large holding in the OKB currency may get approved for discount rates. Options, swaps, and futures have their own rate schedules with differing fees.
One big disadvantage of is that it doesn’t disclose charges for withdrawals and deposits. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details prior to continuing. You likely won’t recuperate any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not normally confront with traditional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are comparable. These include using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most consumer properties. It likewise has deals extra features like the capability 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. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 and that we want to take earnings at this level what we wish to do is discover the difference in between these values and that’s going to provide us.057 then we’re going to take the dollar amount danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Customer Service Number
difference in between the entry and the stop fine which’s going to offer 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 going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar quantity all right so that implies 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 rate which is this level here fine 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 get into this position when we’re using take advantage of the only thing it’s changing is how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have ten thousand dollars to utilize fine because if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account which makes it impossible all right so let’s visit purchase bit here let’s state 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 view what occurs when we open up our leverage fine and you’re gon na get this warning that the liquidation is high fine 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 all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account fine so this utilize ability is changing absolutely nothing about the threat profile on the trade alright if you intend on trading anyways use the referral Link in the description okay every week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars each week we’re picking 3 winners a week all right we’re trying to provide the costs that we’re collecting 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 reveal the winners alright prior to we hop into the trading system that you can use to start taking these trades I wish to go over the guidelines that I would recommend utilizing when growing a little account okay so the very first guideline is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat all right each time you double the account so when you go to 100 approximately 200 alright 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 quantity and utilize that there up 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 comes to how much cash they’re comfortable risking 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 math says you’re going to start feeling a little bit psychological about the trades which’s something that you really wish to avoid until you come comfortable doing that alright so state you work your way as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can walk that pull back to fifty dollars per trade choice that repaired amount once you want to protect your capital and just select an objective per day on
the cash that you want to make when 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 weekly so I’m utilizing 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 know a couple years from now go up to a thousand try to make three to five thousand per trade and attempt to double my earnings all right so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai fine but what I wish to do is find an area where I have actually a freshly established uptrend first thing that I wish to do is identify my wave count all right so if this is our start
very first pullback is 2 largest waves approximately three pullback is four and after that the high is 5 and the method we can try to find the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and then 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 comes down through