With low exchange charges. Okx Taker Fee … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or saving functions, it likewise uses remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can create 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 items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 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 different prices tiers that differ 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 large holding in the OKB currency may get approved for discount rates. Swaps, choices, and futures have their own rate schedules with varying charges.
One huge downside of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details before continuing. If you inadvertently send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you do not generally confront with traditional banking platforms. The best practices for keeping your financial accounts protected are similar. These consist of using strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most customer assets. It also has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wanted 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 offering our position and that we want to take revenue at this level what we want to do is discover the difference in between these worths which’s going to give us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Taker Fee
difference between the entry and the stop all right and that’s going to provide us the amount of tokens that we need to buy in order to run the risk of just 10 dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar quantity fine so that implies that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’s going to give us 587 dollars then we need to be able to enter this position when we’re utilizing 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 use a 100x leverage that suggests now I have 10 thousand dollars to utilize 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 value of our account which makes it difficult all right so let’s visit buy bit here let’s state we want 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 see what happens when we open our leverage all right and you’re gon na get this warning that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the ideal thing all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this take advantage of capability is changing nothing about the danger profile on the trade fine if you plan on trading anyways utilize the referral Link in the description alright each week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars weekly we’re picking three winners a week fine we’re trying to give the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is listed 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 utilize to begin taking these trades I want to review the rules that I would suggest utilizing when growing a little account fine so the first guideline is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there up until we scale our account up a bit larger the 3rd thing and this is super essential is everyone has a psychological threshold when it pertains 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 three trades in a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit emotional about the trades which’s something that you actually wish to avoid till you come comfy doing that alright so state you work your way 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 all right you can walk that back down to fifty dollars per trade pick that repaired amount when you wish to maintain your capital and simply pick an objective daily on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make three that three to five thousand dollars each week so I’m using you understand about 2.5 percent of my entire 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 go up to a thousand try to make 3 to five thousand per trade and try to double my earnings fine so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai alright but what I wish to do is find an area where I have actually a freshly established uptrend first thing that I wish to do is determine my wave count alright so if this is our beginning
first pullback is 2 biggest waves approximately 3 pullback is four and then the high is 5 and the method we can try to find the top of 5 is by using a Fibonacci projection 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 find my factor 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 rate action comes down through