With low exchange fees. Okx Leverage Trading Fees … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or saving features, it likewise provides incredibly high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site declares 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 create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could 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 inadequate space to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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.
One huge drawback of is that it does not reveal fees for withdrawals and deposits. While much of is transparent, concealed cost information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check deal information before 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 concerns you do not generally confront with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts secure are similar. These consist of utilizing strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for many consumer possessions. It also has offers extra 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 beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 offering our position which we want to take earnings at this level what we wish to do is find the difference between these worths and that’s going to give us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Leverage Trading Fees
distinction in between the stop and the entry fine which’s going to give us the quantity of tokens that we require to buy in order to risk just 10 dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have actually that set dollar amount alright so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and increase it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need 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 require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have ten thousand dollars to use all right 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 all right so let’s go over to buy bit here let’s state we want to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our leverage fine and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the ideal thing fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this utilize capability is altering absolutely nothing about the danger profile on the trade alright if you plan on trading anyways use the recommendation Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars per week we’re selecting three winners a week fine we’re attempting to give the costs that we’re gathering 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 reveal the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to go over the guidelines that I would recommend using when growing a small account alright so the very first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 up to 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there till we scale our account up a bit larger the 3rd thing and this is extremely important is everybody has a mental threshold when it comes to how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a bit emotional about the trades and that’s something that you truly wish to avoid till you come comfortable doing that alright so state you work your way up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that pull back to fifty dollars per trade pick that repaired amount when you wish to protect your capital and just select an objective per day on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you know I like to make three that three to five 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 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 income all right so let’s enter 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 actually 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 all right but what I want to do is find an area where I have actually a freshly established uptrend first thing that I wish to do is determine my wave count fine so if this is our start
first pullback is two largest waves approximately three pullback is four and after that the high is 5 and the method we can search 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 here click back here and after that find 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 increase to the high of one if our cost action comes down through