With low exchange fees. Okx Futures Australia … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or conserving functions, it likewise offers remarkably high yields in some cases.
was founded in 2017 and maintains a head office 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 countries. They don’t take users from the United States due to regulative and compliance concerns.
You can create an account that offers you access to trade 343 spot 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 use in addition to a third-party cryptocurrency wallet or your main location 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 different pricing tiers that vary based upon trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may receive discounts. Alternatives, swaps, and futures have their own rate schedules with varying costs.
One huge disadvantage of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction details before proceeding. You likely will not recuperate any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t typically face with standard banking platforms. However, the very best practices for keeping your financial accounts secure are comparable. These include 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 most consumer assets. It likewise has deals extra functions like the ability 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.
wanted 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 wish to take profit at this level what we want to do is find the difference between these values and that’s going to give us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Futures Australia
difference between the stop and the entry alright and that’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar quantity alright so that means that in order to find the capital requirement or the amount of money 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 multiplied by 3.35 and that’s going to give us 587 dollars then we require to be able to get into 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 leverage that indicates now I have ten thousand dollars to utilize okay since if we just had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account which makes it difficult fine so let’s go over to purchase bit here let’s state we want 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 enjoy what happens when we open our utilize all right and you’re gon na get this caution that the liquidation is high all right 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 require to utilize for this position is twelve dollars which is 12 of our whole account fine so this utilize capability is altering absolutely nothing about the risk profile on the trade okay if you plan on trading anyways utilize the recommendation Link in the description okay every week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars per week we’re picking three 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 men trading with us connect is below you can take a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to begin taking these trades I want to go over the rules that I would advise using when growing a little account alright so the first guideline is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat fine each time you double the account so when you go to 100 approximately 200 fine you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a little bit larger the 3rd thing and this is extremely crucial is everybody has a psychological threshold when it concerns 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 three trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit emotional about the trades and that’s something that you actually want to avoid until you come comfy doing that fine so state you work your way up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can walk that back down to fifty dollars per trade pick that repaired amount as soon as you want to protect your capital and just pick a goal daily on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars per week so I’m utilizing you learn 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 shot to make 3 to five 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 have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai all right however what I want to do is find a location where I have a freshly established uptrend first thing that I want to do is determine my wave count alright so if this is our start
very first pullback is 2 biggest waves as much as three pullback is 4 and then the high is 5 and the method we can look for the top of five is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find my factor of one and you can see the cost 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 rate action comes down through