With low exchange costs. Okx Fee Calculator … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It likewise uses remarkably high yields sometimes when participating in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with additional offices all over the world. 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 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can develop an account that gives you access to trade 343 area currencies if you’re in a location 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that vary based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discount rates. Alternatives, futures, and swaps have their own rate schedules with varying charges.
One big disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, surprise expense information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction information before continuing. You likely won’t recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t typically face with traditional banking platforms. The finest practices for keeping your financial accounts protected are similar. These include utilizing strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most consumer assets. It likewise has offers extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wished to purchase 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 selling our position which we want to take earnings at this level what we want to do is discover 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 want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Fee Calculator
difference in between the entry and the stop fine and that’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars fine if we’re simply going in with 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 definitely screw yourself so make sure that you’re not doing that you require to have that set dollar amount okay so that suggests that in order to find the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we need to be able to enter this position when we’re utilizing take advantage of 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 utilize that implies now I have 10 thousand dollars to use fine due to the fact that if we just had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account that makes it difficult fine so let’s visit buy bit here let’s state we wish 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 watch what occurs when we open up our utilize okay and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring 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 need to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is altering nothing about the danger profile on the trade alright if you plan on trading anyways utilize the referral Link in the description alright every week 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 selecting 3 winners a week okay we’re trying to give the charges that we’re collecting from the affiliate program back into the community for you people trading with us connect is below you can have a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would advise using when growing a little account alright so the very first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat fine 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 limit get comfy with the dollar amount and utilize that there till we scale our account up a bit bigger the 3rd thing and this is extremely essential is everybody has a psychological limit when it comes to how much cash they’re comfortable risking 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 mathematics states you’re going to begin feeling a little bit emotional about the trades which’s something that you truly want to prevent up until you come comfy doing that alright so say you work your way as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can stroll that pull back to fifty dollars per trade pick that repaired amount when you wish to protect your capital and just choose a goal each day on
the cash that you want to make once you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make 3 that three to 5 thousand dollars per 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 then I’ll increase it you know a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my income all right so let’s enter 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 actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai okay but what I want to do is find an area where I have actually a newly established uptrend first thing that I wish to do is determine my wave count okay so if this is our start
very first pullback is 2 biggest waves approximately 3 pullback is 4 and then the high is 5 and the way we can search for the top of 5 is by using a Fibonacci forecast 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 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 price action boils down through