With low exchange fees. Okx Kryptowaluty … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It also offers incredibly high yields sometimes when taking part in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet 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 produce an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
likewise supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ based on 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 might qualify for discounts. Swaps, alternatives, and futures have their own rate schedules with varying fees.
One huge disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, concealed expense details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction details before continuing. If you accidentally send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you do not generally face with conventional banking platforms. Nevertheless, the best practices for keeping your financial accounts protected 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, including freezer for most client properties. It also has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone 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 selling our position and that we wish to take profit at this level what we wish to do is discover the difference between these values which’s going to provide 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 Kryptowaluty
distinction in between the entry and the stop okay and that’s going to give us the amount of tokens that we require to buy in order to risk only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our risk 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 quantity fine so that implies that in order to discover the capital requirement or the quantity of cash that we need for this trade we need to take the quantity of coins and increase it by the entry price which is this level here alright 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 require to be able to get into this position when we’re utilizing utilize the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have 10 thousand dollars to utilize okay because if we just had a hundred dollar account okay this 587 is already 5x the size of our money value of our account that makes it impossible fine so let’s go over to purchase bit here let’s say we want 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 watch what occurs when we open our utilize all right and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account alright so this leverage ability is changing nothing about the risk profile on the trade all right if you intend on trading anyways use the recommendation Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars each week we’re selecting 3 winners a week alright we’re attempting to provide the fees that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can have a look at our Discord where we reveal the winners alright before we hop into the trading system that you can use to begin taking these trades I want to review the rules that I would suggest using when growing a small account fine so the very first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk all right each time you double the account so when you go to 100 up to 200 fine you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there until we scale our account up a bit bigger the 3rd thing and this is super essential is everybody has a psychological limit when it pertains to how much money 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 emotional about the trades which’s something that you truly want to prevent till you come comfortable doing that alright so say you work your method as much as 200 to 500 to a thousand okay and after that 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 when you want to maintain your capital and simply choose a goal each day on
the cash that you want to make when you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make three that three to five 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 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 try to double my earnings fine so let’s enter the bread and butter of the real trading this is a system that I have actually 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 actually in Dubai fine however what I wish to do is discover a location where I have actually a newly developed uptrend first thing that I wish to do is determine my wave count fine so if this is our beginning
first pullback is two biggest waves as much as 3 pullback is four and then the high is 5 and the way we can look for the top of 5 is by utilizing 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 after that find my aspect 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 comes down through