With low exchange fees. Okx Lunc … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It likewise offers remarkably high yields in many cases when participating in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
1
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 concerns.
You can create an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
1
likewise 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 use 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 room to note them all in our OKX review. There are 343 currencies on the exchange overall.
2
Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into various prices tiers that vary based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might get approved for discounts. Futures, swaps, and alternatives have their own rate schedules with differing charges.
One big downside of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, covert cost information are a red flag that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal information before continuing. You likely won’t recuperate any funds if you accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t generally confront with standard banking platforms. The finest practices for keeping your financial accounts safe and secure are similar. These include using strong passwords special 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 cold storage for a lot of consumer possessions. It likewise 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 anyone beyond the United States. If you have actually ever registered 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 meaning that if we’re wrong and it continues moving down we’re offering our position and that we want to take revenue at this level what we want 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 amount danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Lunc
distinction in between the entry and the stop okay which’s going to give us the quantity of tokens that we require to buy in order to run the risk of only ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have that set dollar amount alright so that indicates that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the amount of coins and increase it by the entry rate which is this level here all right 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 this position when we’re using leverage the only thing it’s changing is how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have 10 thousand dollars to use all right due to the fact that if we only had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account that makes it difficult all right so let’s visit purchase bit here let’s say we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open up our leverage fine and you’re gon na get this warning that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this take advantage of capability is altering absolutely nothing about the risk profile on the trade alright if you plan on trading anyways use the recommendation Link in the description fine every week we do a free gift where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars weekly we’re picking three winners a week alright we’re trying to provide the fees that we’re gathering from the affiliate program back into the community for you men trading with us link is listed below you can have a look at our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to start taking these trades I wish to go over the rules that I would recommend utilizing when growing a small account fine so the very first guideline is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger fine each time you double the account so when you go to 100 up to 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there till we scale our account up a little bit larger the 3rd thing and this is incredibly crucial is everyone has a mental limit when it pertains to how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to begin feeling a little bit emotional about the trades which’s something that you truly want to prevent till you come comfy doing that alright so state you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that back down to fifty dollars per trade choice that repaired amount as soon as you want to protect your capital and simply pick an objective daily on
the money that you want to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you understand I like to make three that three to five thousand dollars per week so I’m using you learn about 2.5 percent of my whole 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 shot to make 3 to five thousand per trade and attempt to double my income all right so let’s enter the support 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 one of the setups that I had on xrp when I was in fact in Dubai fine but what I wish to do is discover a location where I have actually a freshly established uptrend first thing that I want to do is identify my wave count fine so if this is our start
first pullback is two largest waves up to three pullback is 4 and then the high is five and the way 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 here click back here and then 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 increase to the high of one if our cost action comes down through