With low exchange fees. Okx Ontario … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving functions, it likewise offers remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
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.
You can produce an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room 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 various pricing tiers that differ 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 might receive discounts. Choices, swaps, and futures have their own rate schedules with varying fees.
One big disadvantage of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, surprise expense details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal information prior to continuing. You likely will not recuperate any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not typically confront with standard banking platforms. The finest practices for keeping your financial accounts secure are similar. These consist of utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for a lot of consumer properties. It likewise has offers extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 selling our position and that we wish to take revenue at this level what we want to do is find the distinction in between these values and that’s going to provide us.057 then we’re going to take the dollar amount threat we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Ontario
distinction between the entry and the stop all right and that’s going to give us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar quantity okay so that means that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and increase it by the entry cost which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we require to be able to enter into this position when we’re using take advantage of the only thing it’s changing 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 utilize that suggests now I have ten thousand dollars to utilize fine due to the fact that if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account that makes it impossible 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 enjoy what happens 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 ten dollars you are safe and you’re doing the best thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account alright so this leverage ability is changing nothing about the risk profile on the trade all right if you intend on trading anyways utilize the referral Link in the description okay each week we do a free gift where anybody trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars each week we’re picking three winners a week alright we’re trying to offer the costs that we’re collecting from the affiliate program back into the community for you men trading with us link is below you can have a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can use to begin taking these trades I want to go over the rules that I would suggest utilizing when growing a small account alright so the very first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 up to 200 fine you want to move that as much as 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 bigger the 3rd thing and this is extremely important is everybody has a mental threshold when it comes to just how much cash they’re comfortable running the risk of 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 bit emotional about the trades and that’s something that you actually wish to prevent till you come comfy doing that alright so state you work your method as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that pull back to fifty dollars per trade choice that fixed quantity as soon as you want to preserve your capital and simply choose an objective daily on
the cash that you want to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make three that three to five thousand dollars per week so I’m utilizing you learn 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 go up to a thousand shot to make 3 to 5 thousand per trade and try to double my income all right so let’s enter the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely 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 alright however what I wish to do is find an area where I have a freshly established uptrend first thing that I want to do is identify my wave count okay so if this is our start
first pullback is two biggest waves up to 3 pullback is four and after that the high is 5 and the way we can search 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 then discover 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 cost action comes down through