With low exchange charges. Okx Leverage Fees … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It likewise provides remarkably high yields sometimes when participating in staking or saving features.
was founded in 2017 and maintains a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you’re in a location that deals with OKX, you can develop an account that gives you access to trade 343 spot currencies.
also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, 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 space 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 different prices tiers that vary 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. Swaps, futures, and alternatives have their own rate schedules with differing fees.
One huge downside of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, surprise expense information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details prior to proceeding. You likely will not recuperate any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not normally face with traditional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts secure are similar. These consist of using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for the majority of customer properties. It likewise has offers additional functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will find 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 significance that if we’re wrong and it continues moving down we’re offering our position and that we want to take earnings at this level what we wish to do is discover the difference in between these worths which’s going to give us.057 then we’re going to take the dollar amount threat we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Leverage Fees
distinction between the entry and the stop okay which’s going to provide us the amount of tokens that we need to buy in order to risk only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar quantity alright so that suggests that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we require to be able to enter this position when we’re utilizing take advantage of the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to utilize fine due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account that makes it impossible all right so let’s visit purchase bit here let’s state we wish 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 view what occurs when we open our leverage alright and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing all right so now only 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 capability is changing absolutely nothing about the risk profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description fine each week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re choosing 3 winners a week okay we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can check out our Discord where we announce the winners alright before 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 advise utilizing when growing a small account fine so the very first guideline is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 as much as 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there up until we scale our account up a bit bigger the third thing and this is very important is everybody has a mental threshold when it concerns just how much cash they’re comfortable risking if I’m looking 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 says you’re going to start feeling a little bit psychological about the trades and that’s something that you truly wish to prevent up until you come comfortable doing that all right so say you work your method as much as 200 to 500 to a thousand alright and after that 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 choice that fixed amount as soon as you wish to preserve your capital and just pick a goal each day on
the cash that you want to make when you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make three that three to five thousand dollars each 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 know a couple years from now move up to a thousand shot to make three to 5 thousand per trade and attempt 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’ve been trading the marketplaces 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 really in Dubai alright however what I want to do is discover an area where I have actually a freshly established uptrend first thing that I want to do is determine my wave count fine so if this is our start
very first pullback is 2 largest waves up to 3 pullback is four and after that 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 on this link click back here and after that discover my aspect 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 price action comes down through