With low exchange fees. Okx Olx … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It likewise offers exceptionally high yields in many cases when participating in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
1
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
If you remain in an area that deals with OKX, you can produce an account that provides you access to trade 343 spot currencies.
1
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. might 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 inadequate space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
2
Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might certify for discount rates.
One huge drawback of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, covert cost details are a warning that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction details prior to proceeding. You likely will not recover any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not usually confront with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are comparable. These consist of utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many consumer assets. It also has deals extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 which we wish to take earnings at this level what we wish to do is find the difference in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Olx
difference in between the entry and the stop all right which’s going to provide us the amount of tokens that we need to purchase in order to run the risk of only ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar quantity all right so that suggests 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 alright so in this case we’re going to take 175 coins increased by 3.35 which’s going to offer us 587 dollars then we require to be able to enter into this position when we’re utilizing take advantage of the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have 10 thousand dollars to utilize okay because if we just had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account that makes it difficult alright so let’s go over to purchase bit here let’s say 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 view what takes place when we open up our leverage okay and you’re gon na get this caution that the liquidation is high okay 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 right thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this take advantage of ability is changing nothing about the danger profile on the trade fine if you intend on trading anyways utilize the referral 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 weekly we’re selecting 3 winners a week alright we’re attempting to provide the fees that we’re collecting from the affiliate program back into the community for you people trading with us link is listed below you can have a look at our Discord where we reveal the winners okay before we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would advise utilizing when growing a little account fine so the first rule is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 up to 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there till we scale our account up a little bit larger the third thing and this is incredibly essential is everyone 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 3 sell 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 and that’s something that you actually want to avoid till you come comfy doing that okay so say you work your way 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 too much for you fine you can walk that pull back to fifty dollars per trade pick that fixed amount as soon as you wish to preserve your capital and simply select an objective daily on
the money that you want to make when you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to 5 thousand dollars each week so I’m utilizing you understand 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 understand a couple years from now go up to a thousand try to make three to 5 thousand per trade and attempt to double my income fine 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 absolutely 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 but what I wish to do is find a location where I have a newly developed uptrend first thing that I wish to do is identify my wave count okay so if this is our start
first pullback is two largest waves approximately 3 pullback is four and then the high is 5 and the way 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 on this link click back here and after that find my element 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 comes down through