With low exchange fees. Okx Offer … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It also provides incredibly high yields sometimes when taking part in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can create an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining 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 room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 certify for discount rates.
One huge downside of is that it doesn’t reveal fees for withdrawals and deposits. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you inadvertently send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you don’t usually confront with traditional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords unique to every website 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 a lot 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 anybody outside of 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 wish to take profit at this level what we wish to do is find the difference between these worths which’s going to provide us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Offer
difference in between the entry and the stop fine and that’s going to provide us the amount of tokens that we need to purchase in order to risk only 10 dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount all right so that suggests that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and multiply it by the entry cost 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 require to be able to get into this position when we’re using take advantage of the only thing it’s altering is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have 10 thousand dollars to utilize fine due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account that makes it difficult fine so let’s go over to buy bit here let’s say we want to take this ape trade here okay 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 our take advantage of alright and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing all right so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is changing absolutely nothing about the risk profile on the trade all right if you plan on trading anyways use the referral Link in the description alright weekly we do a free gift where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars each week we’re selecting three winners a week all right we’re trying to provide the costs that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can have a look at our Discord where we reveal the winners alright before we hop into the trading system that you can use to start taking these trades I want to discuss the guidelines that I would suggest using when growing a small account all right so the very first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 approximately 200 alright you want 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 until we scale our account up a little bit bigger the 3rd thing and this is extremely important is everybody has a mental threshold when it concerns just how much money 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 wish to avoid up until you come comfy doing that all right so state you work your method up to 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that back down to fifty dollars per trade pick that repaired quantity once you wish to protect your capital and simply pick a goal each day on
the money that you wish to make as soon as you get up to a comfortable limit where it’s fitting your income objectives so for me personally you understand I like to make three that three to 5 thousand dollars weekly so I’m using you understand about 2.5 percent of my whole 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 try to make 3 to 5 thousand per trade and attempt to double my earnings okay so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the markets 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 in fact in Dubai all right however what I wish to do is discover an area where I have a newly established uptrend first thing that I want to do is identify my wave count fine so if this is our beginning
very first pullback is 2 biggest waves approximately 3 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 forecast off of our one wave so if this is our one value I’m gon na click here click back here and after that 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 go up to the high of one if our price action comes down through