With low exchange costs. Okx Jackpot Bonus … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. It also uses exceptionally high yields in many cases when participating in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
If you remain in an area that works with OKX, you can create an account that offers you access to trade 343 spot currencies.
likewise supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might 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 room to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based on trade volume and account holdings. 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 get approved for discounts. Options, futures, and swaps have their own rate schedules with differing charges.
One big disadvantage of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, hidden expense information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely won’t recover any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t usually confront with standard banking platforms. The finest practices for keeping your monetary accounts safe are similar. 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 utilizes industry-standard security practices, consisting of freezer for many consumer possessions. It also has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. You will discover 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 and that we want to take earnings at this level what we wish to do is find the distinction in between these worths which’s going to provide us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Jackpot Bonus
difference between the stop and the entry okay which’s going to give us the amount of tokens that we require to buy in order to run the risk of just ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our risk reward 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 amount fine so that indicates that in order to find the capital requirement or the amount of money that we need for this trade we have to take the amount of coins and multiply it by the entry rate which is this level here okay 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 into this position when we’re using utilize the only thing it’s changing is how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have ten thousand dollars to utilize alright since if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account which makes it impossible fine so let’s go over to buy bit here let’s say we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open our take advantage of alright and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing alright so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account all right so this leverage ability is changing nothing about the danger profile on the trade alright if you intend on trading anyways utilize the referral Link in the description all right weekly we do a free gift where anybody trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars per week we’re choosing 3 winners a week all right we’re attempting to offer the fees that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can check out our Discord where we reveal the winners alright before we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would advise using when growing a little account alright so the first rule is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat fine each time you double the account so when you go to 100 up to 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit larger the third thing and this is incredibly important is everyone has a psychological threshold when it concerns just how much money 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 math says you’re going to start feeling a little bit emotional about the trades and that’s something that you truly want to avoid until you come comfy doing that fine so state you work your way approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can walk that pull back to fifty dollars per trade pick that repaired amount once you want to preserve your capital and just pick a goal each day on
the cash that you wish to make when you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that three to 5 thousand dollars weekly 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 go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings all right so let’s get into the support of the actual trading this is a system that I’ve 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 okay however what I want to do is find an area where I have a freshly developed uptrend first thing that I wish to do is recognize my wave count okay so if this is our beginning
very first pullback is two largest waves up to 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 projection off of our one wave so if this is our one worth I’m gon na click here 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 rate action boils down through