With low exchange costs. Okx New Coin Listing … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It also provides exceptionally high yields sometimes when participating in staking or conserving features.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
If you’re in a location that deals with OKX, you can produce an account that gives you access to trade 343 area currencies.
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. might work as an exchange you utilize 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 inadequate space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different rates 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 might qualify for discounts. Futures, swaps, and choices have their own rate schedules with varying charges.
One big downside of is that it does not divulge costs for withdrawals and deposits. While much of is transparent, surprise cost details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal details before proceeding. If you inadvertently send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security issues you do not typically face with conventional banking platforms. However, the best practices for keeping your financial accounts protected are similar. These consist of using 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 client assets. It also has deals extra 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 outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find 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 want to do is discover the difference in between these worths which’s going to provide us.057 then we’re going to take the dollar quantity risk 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 New Coin Listing
distinction in between the stop and the entry alright which’s going to give us the amount of tokens that we require to purchase in order to risk only ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have actually that set dollar amount okay so that means that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the amount 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 increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering 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 indicates now I have ten thousand dollars to use alright due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account which makes it impossible alright so let’s visit purchase bit here let’s state we wish 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 takes place when we open our take advantage of okay 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 running the risk of that ten dollars you are safe and you’re doing the ideal thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this utilize capability is altering nothing about the threat profile on the trade all right if you plan on trading anyways use the recommendation Link in the description okay every week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars each week we’re selecting 3 winners a week all right we’re attempting to give the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is below you can take a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can use to begin taking these trades I wish to review the guidelines that I would advise utilizing when growing a small account alright so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk fine each time you double the account so when you go to 100 as much as 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there till we scale our account up a bit larger the third thing and this is incredibly important is everybody has a mental threshold when it pertains to just how much cash they’re comfortable risking 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 begin feeling a bit emotional about the trades which’s something that you actually wish to avoid until you come comfy doing that fine so state you work your method as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that back down to fifty dollars per trade pick that fixed amount when you want to maintain your capital and just select a goal each day on
the cash that you want to make as soon as you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make three that three to five thousand dollars each week so I’m using 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 three 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 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 actually in Dubai fine however what I want to do is find an area where I have a recently developed uptrend first thing that I wish to do is identify my wave count alright so if this is our beginning
very first pullback is 2 biggest waves as much as 3 pullback is four and after that the high is 5 and the method we can look for the top of five is by utilizing a Fibonacci forecast 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 factor 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