With low exchange fees. Okx Sms … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It also offers remarkably high yields in some cases when participating in staking or saving functions.
was founded in 2017 and maintains a headquarters 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 nations. They do not take users from the United States due to regulative and compliance issues.
You can develop an account that gives 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 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 main location 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:
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discount rates.
One huge drawback of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details prior to proceeding. If you inadvertently send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you don’t typically face with standard banking platforms. The best practices for keeping your monetary accounts secure are similar. These consist of using strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most client assets. It also has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond 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 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 want to take revenue at this level what we wish to do is find the difference in between these values and that’s going to provide us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Sms
distinction between the stop and the entry okay and that’s going to provide us the quantity of tokens that we require to buy in order to run the risk of only 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our risk benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar quantity fine so that indicates that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the amount of coins and multiply it by the entry price which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re using utilize the only thing it’s altering is 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 use okay due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account that makes it impossible alright so let’s go over to purchase bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open our leverage all right and you’re gon na get this caution that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this leverage capability is changing absolutely nothing about the danger profile on the trade all right if you plan on trading anyways utilize the referral Link in the description okay each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re selecting 3 winners a week alright we’re attempting to provide the charges that we’re gathering from the affiliate program back into the community for you people trading with us link is listed below you can take a look at 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 want to go over the guidelines that I would suggest utilizing when growing a small account okay so the very first guideline is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 approximately 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up until we scale our account up a bit bigger the 3rd thing and this is extremely essential is everyone has a mental threshold when it comes to 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 sell 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 avoid until you come comfortable doing that alright so say you work your method up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can walk that back down to fifty dollars per trade choice that repaired amount as soon as you wish to maintain your capital and simply choose a goal per day on
the cash that you want to make as soon as you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make three that three to 5 thousand dollars each week 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 know 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 all right so let’s get into the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually 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 all right however what I want to do is find a location where I have actually a recently developed uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
first pullback is 2 biggest waves up to 3 pullback is four and then the high is 5 and the method we can look for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that discover my aspect of one and you can see the cost 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 boils down through