With low exchange costs. Okx Escrow Payment … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When taking part in staking or saving functions, it likewise uses exceptionally high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website declares 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’re in an area that works with OKX, you can create an account that provides you access to trade 343 spot currencies.
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 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:
breaks currencies down into various prices tiers that differ based on trade volume and account holdings. 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 receive discounts. Futures, alternatives, and swaps have their own rate schedules with differing charges.
One huge downside of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction information before continuing. You likely won’t recuperate any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not normally face with conventional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe and secure are similar. These consist of using strong passwords distinct to every site 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 many consumer properties. It also has offers extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we wish to take revenue at this level what we want to do is discover the difference in between these values which’s going to give us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Escrow Payment
distinction between the entry and the stop okay which’s going to give us the quantity of tokens that we require to buy in order to run the risk of just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount fine so that indicates that in order to find the capital requirement or the amount of money that we require for this trade we have to take the amount of coins and multiply 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 and that’s going to provide us 587 dollars then we require to be able to enter this position when we’re utilizing 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 utilize a 100x leverage that suggests now I have 10 thousand dollars to utilize fine because if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it impossible alright so let’s go over to buy bit here let’s say we wish 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 watch what happens when we open up our leverage alright 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 ten dollars you are safe and you’re doing the right thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is altering nothing about the risk profile on the trade alright if you intend on trading anyways use the referral Link in the description fine weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars weekly we’re picking 3 winners a week alright we’re attempting to give the costs that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect 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 want to discuss the rules that I would advise utilizing when growing a small account fine so the very first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 approximately 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there till we scale our account up a bit larger the third thing and this is extremely crucial is everybody has a mental threshold 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 3 sell 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 and that’s something that you really want to avoid till you come comfortable doing that fine so state you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that pull back to fifty dollars per trade choice that repaired quantity as soon as you wish to preserve your capital and just select a goal per day on
the money that you wish to make as soon as you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to five thousand dollars each week so I’m utilizing you know about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now move up to a thousand try to make three to 5 thousand per trade and try to double my earnings fine so let’s get into the bread and butter 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 really in Dubai okay however what I want to do is find an area where I have actually a freshly established uptrend first thing that I want to do is determine my wave count all right so if this is our beginning
first pullback is two largest waves approximately three pullback is 4 and then the high is 5 and the method we can try to find the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here 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 go up to the high of one if our cost action boils down through