With low exchange charges. Okx Kyc2 … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When getting involved in staking or saving functions, it likewise provides extremely high yields in some cases.
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 in the world by volume.
The website claims over 20 million users in more than 100 nations. They do not 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 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 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 inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ 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 qualify for discounts. Choices, swaps, and futures have their own rate schedules with differing charges.
One big disadvantage of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, concealed cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal details before proceeding. If you accidentally send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security issues you don’t generally face with conventional banking platforms. Nevertheless, the best practices for keeping your financial accounts secure are similar. These consist of using strong passwords special 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 freezer for many client properties. It likewise has offers 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.
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 offering our position which we wish 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 threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Kyc2
distinction between the stop and the entry alright and that’s going to give us the amount of tokens that we need to buy in order to risk just 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity okay so that means that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to enter into this position when we’re utilizing leverage the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have 10 thousand dollars to use fine due to the fact that if we only had a hundred dollar account alright this 587 is already 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 state we wish to take this ape trade here okay 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 up our leverage okay and you’re gon na get this caution that the liquidation is high okay 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 require to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is altering nothing about the threat profile on the trade all right if you plan on trading anyways use the recommendation Link in the description all right each week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re selecting three winners a week alright we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you guys trading with us link is listed below you can take a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would recommend utilizing when growing a little account all right so the very first rule is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk all right each time you double the account so when you go to 100 as much as 200 all right 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 amount and utilize that there till we scale our account up a little bit larger the third 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 taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math states you’re going to start feeling a little bit emotional about the trades and that’s something that you really want to avoid up until you come comfy doing that alright so say you work your way up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that pull back to fifty dollars per trade pick that repaired quantity once you want to maintain your capital and simply pick a goal daily on
the cash that you want to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that 3 to 5 thousand dollars per week so I’m using you know about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you understand a couple years from now move up to a thousand shot to make three to five 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 markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai all right but what I want to do is find an area where I have a recently established uptrend first thing that I want to do is determine my wave count all right so if this is our beginning
first pullback is 2 largest waves as much as three pullback is four and after that the high is 5 and the method we can look for the top of five is by using a Fibonacci forecast 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 element of one and you can see the rate 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 boils down through