With low exchange charges. Okx Funding Rate Calculation … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. It likewise offers remarkably high yields in some cases when participating in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world 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 regulatory and compliance concerns.
If you remain in a location that works with OKX, you can develop an account that offers you access to trade 343 spot currencies.
also supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For area 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 doesn’t reveal charges for withdrawals and deposits. While much of is transparent, concealed cost details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information before continuing. You likely will not recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not generally confront with conventional banking platforms. The best practices for keeping your financial accounts protected are comparable. These include using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many consumer assets. It likewise has deals extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. You will find 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 significance that if we’re wrong and it continues moving down we’re offering our position which we want 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 threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Funding Rate Calculation
distinction between the stop and the entry all right which’s going to provide us the amount of tokens that we need to purchase in order to run the risk of only ten dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar amount fine so that implies 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 increase it by the entry price which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we need to be able to enter this position when we’re using take advantage of the only thing it’s altering is how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to use fine due to the fact that if we only had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account which makes it impossible alright so let’s visit purchase bit here let’s state we wish to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open up our leverage 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 alright so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways use the recommendation Link in the description okay each week we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars each week we’re choosing three winners a week fine we’re trying to give the charges 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 all right before we hop into the trading system that you can use to start taking these trades I want to discuss the rules that I would advise utilizing when growing a little account alright so the first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat okay each time you double the account so when you go to 100 as much as 200 okay you want 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 use that there till we scale our account up a bit larger the third thing and this is super crucial is everybody has a mental limit when it comes to how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit emotional about the trades which’s something that you really wish to prevent till you come comfy doing that alright 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 walk that pull back to fifty dollars per trade pick that fixed amount as soon as you wish to maintain your capital and simply select an objective per day on
the money that you want to make once you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to five thousand dollars each week so I’m using you learn 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 understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt 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 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 all right however what I want to do is discover a location where I have a freshly developed uptrend first thing that I want to do is recognize my wave count all right so if this is our start
very first pullback is 2 largest waves approximately three pullback is four and then 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 here click back here and after that find my element 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