With low exchange fees. Okx O Que É … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. When participating in staking or conserving features, it likewise uses extremely high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance issues.
If you’re in an area that deals with OKX, you can produce an account that gives you access to trade 343 area currencies.
Supports margin loaning, making cryptocurrency through staking and cost 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 main 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.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based on 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 may get approved for discount rates. Swaps, choices, and futures 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, covert expense information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction details 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 issues you do not typically confront with conventional banking platforms. However, the very best practices for keeping your monetary accounts secure are comparable. These include utilizing strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for the majority of client possessions. It also has offers additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted 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 which we wish to take profit at this level what we want to do is discover the difference between these worths which’s going to offer us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx O Que É
difference in between the stop and the entry alright and that’s going to give us the amount of tokens that we require to buy in order to run the risk of just 10 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 risk benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need 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 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 which’s going to offer us 587 dollars then we need to be able to get into this position when we’re using utilize the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have ten thousand dollars to use fine because if we only had a hundred dollar account all right this 587 is already 5x the size of our cash value of our account which makes it difficult alright so let’s go over to purchase bit here let’s say we want 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 watch what happens when we open up our leverage alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account alright so this leverage ability is changing nothing about the danger profile on the trade all right if you plan on trading anyways use the referral Link in the description fine every week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars per week we’re choosing 3 winners a week all right we’re trying to offer the fees that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed below you can take a look at our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to begin taking these trades I want to discuss the rules that I would advise using when growing a little account alright so the very first guideline is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there until we scale our account up a little bit larger the third thing and this is incredibly important is everyone has a psychological limit when it pertains to just how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 trades in 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 which’s something that you actually wish to prevent up until you come comfortable doing that all right so say you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can walk that pull back to fifty dollars per trade choice that repaired quantity when you wish to protect your capital and simply select a goal per 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 5 thousand dollars per 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 after that I’ll increase it you know a couple years from now move up to a thousand shot to make three to five thousand per trade and attempt to double my income alright so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have absolutely 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 okay but what I wish to do is discover a location where I have a recently established uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
first pullback is 2 biggest waves as much as three pullback is four and then the high is five and the method we can look for 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 after that find my aspect of one and you can see the cost 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 price action comes down through