With low exchange fees. Okx Kyc Limits … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or saving functions, it also uses remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can develop an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 insufficient room to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates 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 may get approved for discounts. Futures, swaps, and options have their own rate schedules with differing costs.
One big drawback of is that it doesn’t disclose charges for withdrawals and deposits. While much of is transparent, surprise cost information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction information before continuing. If you inadvertently send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you do not usually face with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are similar. These consist of utilizing 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, including freezer for most consumer assets. 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 easy for anyone beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wanted to buy 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 wish to take earnings at this level what we wish to do is find the distinction in between these worths and that’s going to provide us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Kyc Limits
distinction between the entry and the stop fine and that’s going to provide us the quantity of tokens that we need to buy in order to risk only ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar amount fine so that means that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and increase 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 and that’s going to provide 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 just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have 10 thousand dollars to use alright due to the fact that if we just had a hundred dollar account all right this 587 is currently 5x the size of our money value of our account which makes it difficult alright so let’s go over to purchase bit here let’s say we want to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open up our take advantage of fine and you’re gon na get this warning that the liquidation is high alright 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 best thing okay so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of ability is changing absolutely nothing about the risk profile on the trade all right if you intend on trading anyways use the recommendation Link in the description fine every week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars per week we’re selecting three winners a week fine we’re attempting to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is listed below you can check out our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would recommend utilizing when growing a little account all right so the first rule is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat all right each time you double the account so when you go to 100 up to 200 alright you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there up until we scale our account up a little bit larger the 3rd thing and this is extremely essential is everyone has a mental limit when it concerns how much cash they’re comfortable risking if I’m looking 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 psychological about the trades which’s something that you truly wish to prevent until you come comfy doing that alright so say you work your way up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can walk that back down to fifty dollars per trade choice that fixed quantity when you want to preserve your capital and simply pick an objective each day on
the cash that you want to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 to 5 thousand dollars per week so I’m utilizing you understand 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 understand a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings all right so let’s get into the bread and butter of the actual 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 show you one of the setups that I had on xrp when I was actually in Dubai all right however what I want to do is find an area where I have a recently established uptrend first thing that I want to do is recognize my wave count fine so if this is our start
first pullback is two largest waves up to 3 pullback is 4 and then the high is five and the way we can search for the top of five 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 discover my element 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 go up to the high of one if our rate action comes down through