With low exchange charges. Okx Monero … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It also provides extremely high yields in some cases when taking part in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
If you remain in a location that deals with OKX, you can produce an account that provides 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 swimming pools and its own blockchain, called OKExChain. could work as an exchange you use 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 not enough space to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates 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 big holding in the OKB currency may receive discounts. Alternatives, swaps, and futures have their own rate schedules with varying charges.
One big drawback of is that it doesn’t disclose charges for withdrawals and deposits. While much of is transparent, surprise cost information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check deal details prior to continuing. You likely will not recover any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not generally face with standard banking platforms. The best practices for keeping your monetary accounts secure are similar. These include utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for a lot of customer properties. It also has offers extra features like the capability to establish 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 discover 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 offering our position which we wish to take profit at this level what we want to do is discover the difference in between these worths which’s going to offer us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Monero
distinction in between the entry and the stop alright which’s going to offer us the amount of tokens that we require to buy in order to risk only ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar quantity all right so that implies that in order to find the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here alright 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 need to be able to enter 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 take advantage of that indicates now I have 10 thousand dollars to use alright due to the fact that if we just had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account that makes it difficult fine so let’s visit buy bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open up our utilize all right and you’re gon na get this caution that the liquidation is high okay 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 all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is altering absolutely nothing about the danger profile on the trade all right if you plan on trading anyways use the referral Link in the description all right every week 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 alright we’re trying to give the costs that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can take a look at our Discord where we reveal the winners okay before we hop into the trading system that you can use to begin taking these trades I wish to discuss the guidelines that I would advise utilizing when growing a small account okay so the first guideline is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk okay each time you double the account so when you go to 100 up to 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there up until we scale our account up a bit bigger the third thing and this is incredibly essential is everybody has a psychological threshold when it comes to how much money 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 mathematics states you’re going to start feeling a little bit psychological about the trades and that’s something that you really wish to prevent till you come comfy doing that okay so state you work your way approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that pull back to fifty dollars per trade choice that repaired amount when you wish to preserve your capital and simply select a goal per day on
the money that you wish to make when you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that 3 to 5 thousand dollars each week so I’m using you learn 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 understand a couple years from now go up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings fine so let’s enter into the support 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 show you among the setups that I had on xrp when I was actually in Dubai fine however what I want to do is find an area where I have actually a newly developed uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
first pullback is two largest waves up to three pullback is four and then 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 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 cost action comes down through