With low exchange costs. Okx Defi … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When taking part in staking or conserving functions, it also uses incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
1
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in an area that works with OKX, you can create an account that offers you access to trade 343 spot currencies.
1
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX review. There are 343 currencies on the exchange overall.
2
Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may certify for discount rates.
One huge downside of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely will not recover any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not usually face with traditional banking platforms. However, the best practices for keeping your monetary accounts safe and secure are comparable. These consist of 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, consisting of freezer for most client possessions. It likewise has deals additional 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. 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 significance that if we’re wrong and it continues moving down we’re selling our position and that we wish to take profit at this level what we want to do is discover the distinction between these values and that’s going to give us.057 then we’re going to take the dollar amount threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Defi
distinction between the entry and the stop all right which’s going to give us the amount of tokens that we require to purchase in order to risk just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you require to have that set dollar amount alright so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the quantity 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 which’s going to provide us 587 dollars then we require to be able to enter into this position when we’re utilizing utilize the only thing it’s changing is how much money we personally require to put 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 utilize all right due to the fact that if we just had a hundred dollar account all right this 587 is already 5x the size of our money value of our account which makes it difficult okay so let’s go over to buy bit here let’s state we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open our leverage all right and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account okay so this utilize capability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways use the referral Link in the description okay weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars weekly we’re selecting three winners a week alright we’re trying to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is listed below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to begin taking these trades I want to review the rules that I would suggest using when growing a small account okay so the very first guideline is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk fine each time you double the account so when you go to 100 up to 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there up until we scale our account up a little bit larger the 3rd thing and this is very important is everyone has a psychological limit when it pertains to just 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 begin feeling a little bit emotional about the trades which’s something that you really want to avoid till you come comfy doing that all right so say you work your way as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can stroll that back down to fifty dollars per trade pick that fixed amount once you want to protect your capital and just choose an objective daily on
the cash that you wish to make when you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 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 move up to a thousand shot to make three to 5 thousand per trade and try to double my earnings fine so let’s enter 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 definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai fine but what I wish to do is discover an area where I have actually a newly established uptrend first thing that I wish to do is identify my wave count alright so if this is our start
first pullback is two biggest waves as much as 3 pullback is four and after that the high is 5 and the way 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 factor 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