With low exchange costs. Okx Graduate Program … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It also offers exceptionally high yields in many cases when participating in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can develop an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 inadequate 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 qualify for discounts.
One big downside of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, surprise cost details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. If you accidentally send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you don’t typically confront with conventional banking platforms. The best practices for keeping your monetary accounts secure are similar. These include utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for many consumer properties. It likewise has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished to purchase 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 want to take revenue at this level what we wish to do is discover the difference between these worths and that’s going to provide 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 Graduate Program
difference between the stop and the entry fine which’s going to provide us the amount of tokens that we need to purchase in order to risk only 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call 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 all right so that indicates that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and increase it by the entry cost which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we require to be able to enter this position when we’re using take advantage of the only thing it’s changing is how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have 10 thousand dollars to use all right because if we just had a hundred dollar account all right this 587 is already 5x the size of our money value of our account which makes it difficult okay so let’s visit buy bit here let’s state we wish to take this ape trade here fine 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 leverage all right and you’re gon na get this warning that the liquidation is high all right 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 best thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this leverage ability is changing nothing about the risk profile on the trade all right if you plan on trading anyways utilize the referral Link in the description fine weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars each week we’re selecting 3 winners a week fine 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 have a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would recommend using when growing a little account okay so the very first rule is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 as much as 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there up until we scale our account up a little bit bigger the 3rd thing and this is super essential is everybody has a psychological threshold when it pertains 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 says you’re going to start feeling a little bit psychological about the trades and that’s something that you really want to prevent up until you come comfortable doing that fine so say 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 and that’s too much for you all right you can walk that pull back to fifty dollars per trade choice that fixed quantity once you want to maintain your capital and simply pick a goal per day on
the money that you want to make when you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that three to five thousand dollars each week 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 after that I’ll increase it you understand a couple years from now move up to a thousand try to make three to 5 thousand per trade and attempt to double my income fine 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 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 alright however what I want to do is find a location where I have a freshly established uptrend first thing that I wish to do is recognize my wave count okay so if this is our beginning
first pullback is two biggest waves up to 3 pullback is 4 and then the high is five and the way we can look for the top of 5 is by utilizing 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 discover my aspect 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 cost action comes down through