With low exchange costs. Okx Deposits … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or conserving features, it also uses extremely high yields in some cases.
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 on the planet by volume.
1
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 concerns.
You can develop an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
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 primary location 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 area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might qualify for discounts.
One huge downside of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, concealed cost information are a red flag that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction details prior to proceeding. You likely won’t recuperate any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you do not typically confront with conventional banking platforms. The best practices for keeping your monetary accounts safe are similar. These include using strong passwords special 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 the majority of customer possessions. It also has deals additional features 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 have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 wish to take revenue at this level what we wish to do is find the distinction in between these values which’s going to give us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Deposits
difference in between the entry and the stop fine which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar amount 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 quantity of coins and increase it by the entry price 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 give 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 cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have 10 thousand dollars to utilize all right because if we just had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account that makes it difficult alright so let’s visit purchase bit here let’s say we want 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 enjoy what takes place when we open our take advantage of okay and you’re gon na get this warning that the liquidation is high fine 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 ideal thing fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this take advantage of ability is altering absolutely nothing about the threat profile on the trade okay if you plan on trading anyways use the referral Link in the description all right weekly we do a free gift where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars weekly we’re picking three winners a week fine we’re trying to give the costs that we’re gathering from the affiliate program back into the community for you guys trading with us link is below you can take a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to start taking these trades I wish to review the guidelines that I would advise utilizing when growing a small account okay so the first guideline is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger fine each time you double the account so when you go to 100 as much as 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there up until we scale our account up a little bit bigger the 3rd thing and this is incredibly important is everyone has a psychological limit when it comes to how much cash they’re comfortable risking if I’m looking 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 bit psychological about the trades which’s something that you really wish to avoid till you come comfy doing that fine so state 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 excessive for you okay you can stroll that pull back to fifty dollars per trade choice that fixed quantity when you want to protect your capital and simply choose an objective each day on
the cash that you wish to make as soon as you get up to a comfortable limit where it’s fitting your income objectives so for me personally you understand I like to make three that three to five thousand dollars each week so I’m utilizing you understand 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 shot 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 actual 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 show you among the setups that I had on xrp when I was in fact in Dubai okay 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 beginning
very first pullback is 2 biggest waves up to 3 pullback is four and then the high is 5 and the method we can search for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then find my factor 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 increase to the high of one if our cost action boils down through