With low exchange charges. Okx Orderbook … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When getting involved in staking or saving features, it also offers extremely high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can produce an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could 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 inadequate room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various prices tiers that vary based upon 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 discounts. Futures, options, and swaps have their own rate schedules with differing costs.
One huge drawback of is that it doesn’t divulge costs for withdrawals and deposits. While much of is transparent, covert cost information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. If you unintentionally send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you do not generally confront with conventional banking platforms. However, the very best practices for keeping your monetary accounts secure are comparable. These include using strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for most consumer properties. It also has deals additional features like the ability 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. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished to buy apecoin at this level put our stop loss down at this level significance that if we’re wrong and it continues moving down we’re selling our position which we wish to take earnings at this level what we want to do is discover the difference in between these worths which’s going to provide us.057 then we’re going to take the dollar amount danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Orderbook
difference between the entry and the stop alright which’s going to provide us the quantity of tokens that we require to buy in order to risk only 10 dollars fine 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 reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity alright so that indicates that in order to find 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 multiplied by 3.35 which’s going to provide us 587 dollars then we require to be able to enter this position when we’re using take advantage of the only thing it’s altering 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 utilize that means now I have 10 thousand dollars to utilize okay due to the fact that if we just had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account which makes it impossible alright so let’s visit buy bit here let’s say we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open up our leverage okay and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying 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 fine so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this leverage ability is altering absolutely nothing about the risk profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description okay each week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars weekly we’re selecting 3 winners a week fine we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you people trading with us link is below you can take a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would suggest using when growing a little account okay so the very first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 up to 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there till we scale our account up a bit bigger the 3rd thing and this is extremely important is everyone has a psychological limit when it concerns 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 three sell a row I don’t care who you are or what the math states you’re going to start feeling a little bit emotional about the trades and that’s something that you actually wish to prevent until you come comfortable doing that all right so say you work your method approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that back down to fifty dollars per trade pick that repaired quantity once you want to protect your capital and simply choose an objective per day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars per week so I’m utilizing you know 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 understand a couple years from now go up to a thousand try to make three to five thousand per trade and attempt 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 marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai fine however what I wish to do is find a location where I have actually a newly established uptrend first thing that I want to do is identify my wave count all right so if this is our beginning
very first pullback is 2 biggest waves approximately three pullback is four and then the high is 5 and the method we can search for the top of five is by using 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 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 go up to the high of one if our cost action comes down through