With low exchange fees. Okx Launchpad Vs Trustfi … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. When getting involved in staking or conserving features, it also uses incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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.
You can produce an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin borrowing, making 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 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 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 vary 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 get approved for discounts. Swaps, alternatives, and futures have their own rate schedules with differing charges.
One big downside of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, hidden expense information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. If you mistakenly send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t generally confront with traditional banking platforms. However, the best practices for keeping your financial accounts safe are comparable. These consist of using strong passwords unique 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 cold storage for most customer possessions. It also has deals additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of 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 which we want to take profit at this level what we wish to do is find the distinction between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Launchpad Vs Trustfi
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 simply going in with 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 make sure that you’re refraining from doing that you need to have that set dollar quantity okay 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 price 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 this position when we’re utilizing utilize the only thing it’s altering is just 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 implies now I have 10 thousand dollars to utilize alright since if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it impossible okay so let’s visit buy bit here let’s say we wish 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 view what occurs when we open our take advantage of fine and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is altering absolutely nothing about the danger profile on the trade alright if you plan on trading anyways utilize the referral Link in the description alright each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re selecting three winners a week fine we’re attempting to provide the charges that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can take a look at our Discord where we announce the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to review the guidelines that I would advise using when growing a small account all right so the very first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 as much as 200 fine you want 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 bigger the third thing and this is incredibly essential is everybody has a mental limit when it pertains to just how much cash they’re comfortable running the risk of if I’m taking a look 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 states you’re going to start feeling a little bit psychological about the trades which’s something that you truly want to avoid until you come comfy doing that fine so say you work your method 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 stroll that back down to fifty dollars per trade choice that fixed quantity as soon as you want to protect your capital and simply pick an objective per day on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars weekly so I’m using you know 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 five thousand per trade and try to double my earnings okay so let’s enter the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely 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 but what I wish to do is find a location where I have a recently established uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is 4 and after that the high is five and the way we can look for the top of five is by using 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 after that find 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 go up to the high of one if our cost action comes down through