With low exchange charges. Okx Email Format … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. It also uses incredibly high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
If you’re in a location that works with OKX, you can produce an account that provides you access to trade 343 spot currencies.
Supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining 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 place 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 overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ based on 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 might get approved for discount rates. Futures, alternatives, and swaps have their own rate schedules with varying costs.
One huge downside of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, concealed expense details are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally 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 inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t typically face with standard banking platforms. However, the very best practices for keeping your monetary accounts safe and secure are comparable. These consist of using strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of customer assets. It likewise has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
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 offering our position and that we want to take revenue at this level what we wish to do is find the difference in between these values and that’s going to give us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Email Format
difference between the entry and the stop all right and that’s going to give us the amount of tokens that we require to buy in order to risk just 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to call in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have that set dollar quantity okay so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and increase it by the entry price which is this level here all right 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 enter into this position when we’re using utilize the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have ten thousand dollars to use fine since if we just had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account that makes it difficult fine so let’s go over to buy bit here let’s state we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open our leverage okay and you’re gon na get this caution 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 okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is changing nothing about the danger profile on the trade alright if you intend on trading anyways utilize the referral Link in the description alright every week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars weekly we’re picking three winners a week alright we’re trying to give the costs that we’re collecting from the affiliate program back into the community for you people trading with us connect is listed below you can have a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the guidelines that I would suggest utilizing when growing a little account all right so the very first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there until we scale our account up a bit bigger the 3rd thing and this is super important is everyone has a mental threshold when it concerns just how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit emotional about the trades which’s something that you really want to prevent until you come comfortable doing that all right so state you work your way as much as 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that back down to fifty dollars per trade pick that repaired amount once you wish to preserve your capital and just pick a goal each day on
the money that you wish to make once you get up to a comfy threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to 5 thousand dollars weekly 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 shot to make three to 5 thousand per trade and try to double my earnings alright so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai all right 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 determine my wave count fine so if this is our start
first pullback is two biggest waves approximately three pullback is 4 and after that the high is 5 and the method we can search for the top of 5 is by utilizing 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 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 go up to the high of one if our price action comes down through