With low exchange charges. Okx Testnet … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When taking part in staking or saving features, it also provides exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site 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.
You can produce an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, earning 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 use in addition to a third-party cryptocurrency wallet or your primary 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 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 discounts.
One big downside of is that it doesn’t divulge costs for withdrawals and deposits. While much of is transparent, surprise expense details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details before continuing. You likely will not recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t typically face with standard banking platforms. However, the best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most client properties. It also has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished 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 offering our position which we wish to take profit at this level what we wish to do is discover the difference in between these worths 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 Testnet
difference in between the stop and the entry fine and that’s going to provide us the amount of tokens that we require to purchase in order to risk just ten dollars alright 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 ensure that you’re not doing that you require to have actually that set dollar quantity fine so that indicates that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the quantity of coins and multiply 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 which’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing 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 implies now I have 10 thousand dollars to utilize all right because if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account which makes it difficult fine so let’s visit buy bit here let’s say 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 utilize okay 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 risking that ten dollars you are safe and you’re doing the right thing alright so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is altering nothing about the threat profile on the trade fine if you plan on trading anyways use the referral Link in the description okay each week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars weekly we’re selecting 3 winners a week okay 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 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 use to begin taking these trades I wish to review the guidelines that I would recommend using when growing a little account all right so the first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat okay each time you double the account so when you go to 100 approximately 200 fine you wish 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 use that there till we scale our account up a bit larger the third thing and this is super essential is everybody has a mental limit when it comes to just how much money they’re comfortable risking 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 states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly wish to prevent till you come comfortable doing that fine so state you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that pull back to fifty dollars per trade pick that repaired amount as soon as you wish to preserve your capital and just pick an objective daily on
the cash that you wish to make as soon as you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that three to 5 thousand dollars each week so I’m using you know 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 move up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings alright so let’s enter the bread and butter of the real 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 actually in Dubai all right but what I want to do is find an area where I have a newly established uptrend first thing that I wish to do is recognize my wave count fine so if this is our start
very first pullback is two biggest waves as much as 3 pullback is 4 and then the high is 5 and the way we can try to find the top of five is by using a Fibonacci projection 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 go up to the high of one if our cost action comes down through