With low exchange charges. Okx Zero Fees … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It also uses exceptionally high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can produce an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX evaluation. 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 area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might receive discounts. Swaps, options, and futures have their own rate schedules with differing costs.
One big disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, concealed cost information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction details before proceeding. If you mistakenly send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security concerns you do not generally face with standard banking platforms. The best practices for keeping your monetary accounts safe are similar. These include using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many customer possessions. It also 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 outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover 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 and that we wish to take earnings at this level what we want to do is find the difference between these values and that’s going to offer us.057 then we’re going to take the dollar amount danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Zero Fees
distinction between the stop and the entry alright which’s going to give us the amount of tokens that we require to purchase in order to risk only 10 dollars all right if we’re simply sharing 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 definitely screw yourself so make certain that you’re not doing that you require to have actually that set dollar amount fine so that means that in order to find the capital requirement or the amount of money that we need 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 multiplied by 3.35 which’s going to provide us 587 dollars then we require to be able to get into this position when we’re utilizing leverage the only thing it’s altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have 10 thousand dollars to use alright because if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult okay so let’s visit purchase bit here let’s say 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 takes place when we open up our leverage all right and you’re gon na get this warning that the liquidation is high fine 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 fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this utilize capability is altering absolutely nothing about the risk profile on the trade all right if you intend on trading anyways utilize the referral Link in the description all right every week we do a free gift where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars weekly we’re picking 3 winners a week fine we’re attempting to offer the costs that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can take a look at our Discord where we announce the winners fine before we hop into the trading system that you can utilize to begin taking these trades I want to go over the rules that I would recommend using when growing a small account okay so the first rule is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk okay each time you double the account so when you go to 100 up to 200 all right 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 utilize that there until we scale our account up a little bit bigger the third thing and this is incredibly important is everybody has a psychological limit when it pertains to just how much money they’re comfortable running the risk of 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 begin feeling a bit psychological about the trades and that’s something that you really want to avoid up until you come comfy doing that all right so state you work your method as much as 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that pull back to fifty dollars per trade choice that repaired quantity when you wish to protect your capital and simply choose an objective daily on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that 3 to five thousand dollars each week so I’m using 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 move up to a thousand try to make three to 5 thousand per trade and try to double my income okay so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay however what I want to do is discover a location where I have actually a recently established uptrend first thing that I wish to do is determine my wave count alright so if this is our start
very first pullback is two largest waves approximately 3 pullback is four and after that the high is 5 and the way we can try to find the top of five is by utilizing 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 then find my factor of one and you can see the rate 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 boils down through