With low exchange fees. Okx Dust … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It also offers extremely high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. 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 spot currencies if you’re in an area that works with OKX.
also supports margin loaning, 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 utilize 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.
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 qualify for discount rates.
One huge downside of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, concealed expense information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction information before continuing. You likely won’t recover any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe are comparable. These include utilizing strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for a lot of customer assets. It likewise has deals extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond 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.
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 which we want to take earnings at this level what we want to do is discover the difference between these values which’s going to provide us.057 then we’re going to take the dollar quantity danger 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 Dust
distinction between the entry and the stop all right 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 simply going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our threat reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar quantity okay so that indicates that in order to find the capital requirement or the quantity of cash 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 increased by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter this position when we’re using take advantage of the only thing it’s altering is just 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 ten thousand dollars to utilize okay because if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account that makes it impossible okay so let’s go over to buy bit here let’s state we want to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open up our take advantage of okay and you’re gon na get this caution that the liquidation is high okay 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 just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account okay so this leverage ability is changing absolutely nothing about the risk profile on the trade fine if you intend on trading anyways use the referral Link in the description all right every week we do a free gift where anyone trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars per week we’re choosing 3 winners a week all right we’re attempting to give the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can have a look at our Discord where we announce the winners okay before we hop into the trading system that you can utilize to start taking these trades I wish to review the guidelines that I would recommend utilizing when growing a small account fine so the very first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that ten dollar danger all right each time you double the account so when you go to 100 as much as 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there till we scale our account up a bit bigger the 3rd thing and this is super important is everybody 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 3 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit psychological about the trades which’s something that you truly want to prevent up until you come comfy doing that fine so say you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can stroll that pull back to fifty dollars per trade pick that fixed amount once you wish to maintain your capital and simply pick an objective each day on
the money that you want to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that 3 to 5 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 go up to a thousand try to make 3 to five thousand per trade and attempt to double my income all right so let’s enter into the bread and butter of the actual trading this is a system that I have actually 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 actually in Dubai okay but what I want to do is discover an area where I have a newly established uptrend first thing that I wish to do is identify my wave count okay so if this is our start
very first pullback is 2 largest waves up to 3 pullback is four and after that the high is 5 and the method we can search 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 then 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 boils down through