With low exchange charges. Okx Profit … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. It also provides incredibly high yields in some cases when taking part in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world 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 regulatory and compliance issues.
If you’re in a location that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 space to list them all in our OKX evaluation. 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 discounts.
One huge drawback of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, covert expense information are a red flag 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 deal details prior to proceeding. If you inadvertently send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security issues you don’t typically face with conventional banking platforms. The finest practices for keeping your monetary accounts safe and secure are similar. These include 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 the majority of consumer assets. It also has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond 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.
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 want to take revenue at this level what we wish to do is discover the distinction between these values 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 Profit
difference between the entry and the stop alright which’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount fine so that suggests that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here fine 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 this position when we’re utilizing utilize the only thing it’s altering is just how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have ten thousand dollars to use alright since 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 alright so let’s go over to buy bit here let’s state we wish 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 watch what happens when we open our leverage okay 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 risking that 10 dollars you are safe and you’re doing the ideal 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 altering absolutely nothing about the danger profile on the trade all right if you intend on trading anyways utilize the recommendation Link in the description okay every week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars each week we’re choosing 3 winners a week all right we’re attempting to provide the fees that we’re collecting from the affiliate program back into the community for you men trading with us link is listed below you can check out our Discord where we announce the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to discuss the guidelines that I would advise utilizing when growing a small account fine so the first guideline is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat alright each time you double the account so when you go to 100 as much as 200 all right 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 bit bigger the third thing and this is incredibly essential is everybody has a psychological threshold when it pertains 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 three trades in a row I don’t care who you are or what the math says you’re going to begin feeling a bit emotional about the trades which’s something that you really wish to prevent until you come comfy doing that okay so state 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 excessive for you okay you can stroll that pull back to fifty dollars per trade choice that repaired quantity as soon as you want to maintain your capital and just choose a goal daily on
the cash that you wish to make once you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make three that three to five thousand dollars each 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 shot to make 3 to 5 thousand per trade and attempt to double my earnings okay 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 actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay but what I want to do is discover an area where I have actually a recently established uptrend first thing that I wish to do is identify my wave count fine so if this is our start
first pullback is 2 largest waves as much as 3 pullback is four and after that the high is five and the way we can search 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 on this link click back here and after that discover my factor 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 rate action boils down through