With low exchange fees. Okx Network Error … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It also provides extremely high yields in many cases when participating in staking or conserving features.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
You can develop an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
likewise 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 use in addition to a third-party cryptocurrency wallet or your main location 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 prices tiers that differ 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 may qualify for discounts. Swaps, futures, and alternatives have their own rate schedules with differing costs.
One huge disadvantage of is that it does not reveal costs for withdrawals and deposits. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal information prior to continuing. If you accidentally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you do not generally confront with conventional banking platforms. The best practices for keeping your financial accounts protected are comparable. These consist of using strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most customer assets. It likewise has offers additional features 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’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 meaning that if we’re wrong and it continues moving down we’re offering our position and that we want to take profit at this level what we want to do is find the difference in between these values which’s going to provide us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Network Error
difference in between the entry and the stop fine and that’s going to provide us the amount of tokens that we require to purchase in order to risk just ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity alright so that means that in order to discover the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and increase it by the entry rate which is this level here okay 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 this position when we’re utilizing leverage the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have ten thousand dollars to utilize fine due to the fact that 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 difficult okay so let’s visit buy bit here let’s state 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 happens when we open up our leverage alright and you’re gon na get this caution that the liquidation is high fine 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 right thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is changing absolutely nothing about the risk profile on the trade all right if you intend on trading anyways use the recommendation Link in the description all right each week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re choosing three winners a week fine we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you people trading with us connect is listed below you can check out our Discord where we announce the winners okay before we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would suggest utilizing when growing a little account fine so the very first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 approximately 200 alright 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 bit bigger the 3rd thing and this is extremely crucial is everybody 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 mathematics says you’re going to start feeling a little bit psychological about the trades and that’s something that you really want to avoid until you come comfy doing that fine so say you work your method approximately 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 back down to fifty dollars per trade pick that fixed amount once you want to preserve your capital and simply select an objective per day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make three that three to 5 thousand dollars weekly so I’m utilizing you know about 2.5 percent of my whole 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 go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my income okay so let’s enter into the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai all right however what I want to do is find an area where I have actually a recently developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
very first pullback is two biggest waves up to 3 pullback is 4 and after that the high is 5 and the method we can try to find the top of five is by using 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 then discover my factor of one and you can see the price 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 rate action boils down through