With low exchange costs. Okx Tama … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. When getting involved in staking or saving features, it also offers remarkably high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 nations. They do not 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 an area that works with OKX.
also supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX review. 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 large holding in the OKB currency may certify for discount rates.
One big downside of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, covert expense details 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 transaction details prior to proceeding. If you mistakenly send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security concerns you do not usually confront with standard banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These include using 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, consisting of cold storage for many customer properties. It likewise has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover 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 selling our position which we wish to take revenue at this level what we wish to do is find the distinction between these worths which’s going to provide us.057 then we’re going to take the dollar amount risk we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Tama
distinction in between the stop and the entry okay and that’s going to give us the quantity of tokens that we need to purchase in order to risk only ten dollars okay if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar quantity okay so that means that in order to find the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and increase it by the entry price which is this level here okay 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 enter into this position when we’re using utilize the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that indicates now I have 10 thousand dollars to use alright due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our money value of our account that makes it impossible okay so let’s visit purchase bit here let’s say we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open our utilize all right and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying 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 require to utilize for this position is twelve dollars which is 12 of our entire account fine so this leverage capability is changing absolutely nothing about the risk profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description alright each week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars per week we’re selecting 3 winners a week fine we’re trying to offer the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can check out our Discord where we reveal the winners alright before we hop into the trading system that you can use to begin taking these trades I wish to review the rules that I would recommend utilizing when growing a small account all right so the first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk fine each time you double the account so when you go to 100 approximately 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there up until we scale our account up a bit bigger the third thing and this is very crucial is everyone has a psychological limit 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 3 sell a row I don’t care who you are or what the math states you’re going to start feeling a bit emotional about the trades which’s something that you actually want to prevent till you come comfy doing that all right so state you work your way approximately 200 to 500 to a thousand all right 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 fixed quantity as soon as you want to maintain your capital and simply select an objective daily on
the cash that you want to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make three that three to 5 thousand dollars each week so I’m utilizing you understand about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now move up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings alright 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 actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai okay but what I wish to do is discover a location where I have actually a freshly developed uptrend first thing that I want to do is recognize my wave count fine so if this is our beginning
first pullback is 2 biggest waves up to 3 pullback is 4 and then the high is five and the way 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 here click back here and then find 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 price action comes down through