With low exchange charges. Okx Docking Station … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. It also uses exceptionally high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the globe. 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 countries. They do not take users from the United States due to regulative and compliance concerns.
If you remain in an area that works with OKX, you can develop an account that offers you access to trade 343 spot currencies.
also supports margin loaning, 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 utilize in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 discounts.
One huge drawback of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal information before proceeding. You likely won’t recover any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not normally confront with traditional banking platforms. The best practices for keeping your financial accounts protected are similar. These include utilizing strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for a lot of customer properties. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover 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 and that we wish to take revenue at this level what we want to do is discover the difference between these worths which’s going to give us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Docking Station
distinction in between the stop and the entry okay and that’s going to provide us the quantity of tokens that we need to purchase in order to risk just ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar quantity all right so that means that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter into this position when we’re using utilize the only thing it’s changing is how much cash 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 ten thousand dollars to utilize all right because if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account which makes it impossible all right so let’s go over to purchase bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open up our take advantage of all right 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 risking that 10 dollars you are safe and you’re doing the best 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 capability is altering absolutely nothing about the threat profile on the trade fine if you intend on trading anyways utilize the recommendation Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars each week we’re picking three winners a week fine we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is below you can check out our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would advise utilizing when growing a small account alright so the very first rule is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk alright each time you double the account so when you go to 100 approximately 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there till we scale our account up a bit larger the third thing and this is super essential is everybody has a mental limit when it comes to how much cash they’re comfortable running the risk of 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 states you’re going to start feeling a little bit psychological about the trades which’s something that you truly want to prevent until you come comfortable doing that okay so state you work your method approximately 200 to 500 to a thousand okay and then 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 repaired amount once you wish to maintain your capital and just select a goal each day on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that 3 to 5 thousand dollars per week so I’m using you learn 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 try to make three to five thousand per trade and try to double my earnings okay so let’s get into the support of the real trading this is a system that I’ve 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 all right however what I want to do is find an area where I have a recently developed uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
first pullback is two largest waves up to three pullback is four and after that the high is 5 and the method we can search for the top of five is by using a Fibonacci projection 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 discover 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 go up to the high of one if our cost action comes down through