With low exchange fees. Okx New Logo … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When participating in staking or saving features, it likewise provides extremely high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can produce an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 discount rates.
One huge drawback of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, covert cost details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. You likely will not recover any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not usually confront with traditional banking platforms. The best practices for keeping your monetary accounts secure are similar. These include 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, consisting of cold storage for many client properties. It likewise 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 anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wanted to purchase 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 earnings at this level what we want to do is find the distinction between these worths which’s going to give 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 New Logo
difference between the entry and the stop okay and that’s going to offer us the amount of tokens that we require to buy in order to risk just ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar quantity all right so that implies that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and multiply 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 give us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have 10 thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account fine 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 state we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our take advantage of all right and you’re gon na get this caution that the liquidation is high alright 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 just thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this utilize ability is altering nothing about the risk profile on the trade fine if you plan on trading anyways use the recommendation Link in the description alright weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars weekly we’re choosing 3 winners a week alright we’re attempting to provide the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can check out our Discord where we announce the winners alright before we hop into the trading system that you can utilize to start taking these trades I want to discuss the rules that I would suggest using when growing a little account alright so the first rule is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat fine each time you double the account so when you go to 100 as much as 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there up until we scale our account up a bit larger the third thing and this is extremely essential is everyone has a mental threshold when it comes to just how much cash 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 math states you’re going to begin feeling a bit emotional about the trades and that’s something that you truly want to avoid up until you come comfy doing that all right so state you work your way up to 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that pull back to fifty dollars per trade pick that repaired quantity as soon as you wish to maintain your capital and simply select an objective each day on
the cash that you wish to make as soon as you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars weekly so I’m utilizing you learn 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 move up to a thousand shot to make three to 5 thousand per trade and try to double my income all right so let’s enter the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai fine however what I wish to do is discover an area where I have actually a recently developed uptrend first thing that I want to do is identify my wave count all right so if this is our start
first pullback is 2 largest waves approximately three pullback is 4 and after that the high is five and the method we can try to find the top of five is by using a Fibonacci projection 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 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 price action comes down through