With low exchange fees. Okx Trading History … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. It also offers exceptionally high yields in some cases when participating in staking or saving functions.
was founded in 2017 and preserves a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
You can produce an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
likewise supports margin loaning, making 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different 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 get approved for discounts. Futures, choices, and swaps have their own rate schedules with differing charges.
One huge downside of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information before proceeding. If you inadvertently send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security issues you don’t normally face with traditional banking platforms. The finest practices for keeping your financial accounts protected are similar. These include using strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of customer assets. It also has deals extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody 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.
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 wish to take profit at this level what we wish to do is find the distinction in between these values which’s going to provide us.057 then we’re going to take the dollar amount threat 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 Trading History
distinction in between the entry and the stop all right and that’s going to provide us the quantity of tokens that we need to purchase in order to risk just 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar amount alright so that means that in order to find the capital requirement or the amount 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 all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to enter into this position when we’re utilizing utilize the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have ten thousand dollars to utilize all right due to the fact that if we just had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account which makes it impossible all right so let’s go over to purchase bit here let’s state we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open our utilize alright and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing okay so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account okay so this take advantage of capability is altering nothing about the threat profile on the trade alright if you plan on trading anyways utilize the recommendation Link in the description okay every week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars each week we’re picking 3 winners a week okay we’re attempting to give the costs that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is below you can have a look at our Discord where we reveal the winners okay before we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would suggest utilizing when growing a small account all right so the very first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk okay each time you double the account so when you go to 100 as much as 200 alright you wish to move that up to 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 little bit larger the 3rd thing and this is extremely essential is everybody has a psychological threshold when it comes to how much cash they’re comfortable risking if I’m taking a look 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 says you’re going to start feeling a little bit emotional about the trades and that’s something that you truly wish to prevent till you come comfy doing that all right so state you work your way up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade pick that repaired quantity once you want to preserve your capital and just choose an objective each day on
the cash that you wish to make when you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make three 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 after that 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 attempt to double my earnings alright so let’s enter into the support of the actual trading this is a system that I have actually been trading the markets 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 in fact in Dubai all right however what I want to do is find a location where I have a freshly developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
first pullback is 2 largest waves approximately three pullback is four and after that the high is five and the way we can look for the top of five is by utilizing 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 discover my element of one and you can see the price 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