With low exchange fees. Okx Singapore Office Location … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When participating in staking or saving features, it also provides exceptionally high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 insufficient space to list them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that differ based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might receive discounts. Alternatives, swaps, and futures have their own rate schedules with varying charges.
One huge drawback of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, hidden cost details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal information before proceeding. You likely will not recover any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not normally confront with traditional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These consist of utilizing strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of client properties. It likewise has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted to purchase 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 offering our position and that we wish to take earnings at this level what we want to do is discover the distinction between these worths which’s going to offer us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Singapore Office Location
distinction in between the stop and the entry alright and that’s going to provide us the amount of tokens that we require to buy in order to run the risk of just ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have actually that set dollar amount all right so that means that in order to find the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we require to be able to enter this position when we’re utilizing take advantage of the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to use okay since if we only had a hundred dollar account fine this 587 is already 5x the size of our money value of our account which makes it impossible fine so let’s visit buy bit here let’s state we wish to take this ape trade here alright 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 leverage fine and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is altering absolutely nothing about the danger profile on the trade fine if you plan on trading anyways use the referral Link in the description okay each week we do a free gift where anyone trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars weekly we’re selecting three winners a week okay we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is listed below you can take a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to begin taking these trades I want to review the guidelines that I would suggest utilizing when growing a little account fine so the very first guideline is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 approximately 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a little bit larger the 3rd thing and this is super essential is everybody has a psychological 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 three 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 which’s something that you actually wish to prevent until you come comfortable doing that alright so state you work your method up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can walk that pull back to fifty dollars per trade choice that repaired amount when you want to preserve your capital and just select a goal each day on
the cash that you wish to make once you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that three to five thousand dollars weekly so I’m utilizing you learn 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 move up to a thousand shot to make three to five thousand per trade and attempt to double my earnings all right so let’s enter into 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 actually definitely 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 fine however what I want to do is discover an area where I have actually a freshly established uptrend first thing that I want to do is identify my wave count all right so if this is our start
first pullback is two largest 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 on this link click back here and after that find 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 increase to the high of one if our rate action comes down through