With low exchange fees. Promo Code Okx … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When participating in staking or saving features, it likewise provides remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin loaning, earning 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 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 inadequate space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might receive discounts. Swaps, choices, and futures have their own rate schedules with varying charges.
One huge downside of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, covert cost information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. If you accidentally send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t usually face with standard banking platforms. The best practices for keeping your financial accounts safe are comparable. These include using strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most consumer possessions. It likewise has deals extra functions like the capability 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. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 want to take profit at this level what we wish to do is find the difference between these values and that’s going to give 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 Promo Code Okx
distinction between the stop and the entry all right and that’s going to give us the amount of tokens that we require to purchase in order to risk just ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity fine so that suggests that in order to find the capital requirement or the amount of money that we require for this trade we have to take the amount 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 offer us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to utilize fine since if we only had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account which makes it difficult okay so let’s go over to purchase bit here let’s say 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 enjoy what takes place when we open up our leverage fine and you’re gon na get this caution that the liquidation is high okay 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 all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this utilize ability is changing nothing about the threat profile on the trade all right if you intend on trading anyways utilize the recommendation Link in the description fine every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars weekly we’re selecting 3 winners a week okay we’re trying to offer the charges that we’re collecting from the affiliate program back into the community for you people trading with us connect is listed below you can have a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can utilize to start taking these trades I want to discuss the rules that I would suggest utilizing when growing a small account alright so the very first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat all right each time you double the account so when you go to 100 approximately 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there up until we scale our account up a bit bigger the third thing and this is very crucial is everybody has a psychological limit when it concerns how much money 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 start feeling a little bit psychological about the trades and that’s something that you truly want to avoid up until you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can walk that pull back to fifty dollars per trade choice that repaired amount when you want to maintain your capital and simply select an objective per day on
the money that you want to make as soon as you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to five thousand dollars per 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 understand a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings alright so let’s enter into the support 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 show you among the setups that I had on xrp when I was in fact in Dubai fine but what I want to do is discover an area where I have a newly established uptrend first thing that I wish to do is identify my wave count fine so if this is our start
first pullback is two biggest waves up to three pullback is 4 and after that the high is five and the method we can look for the top of 5 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 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 price action comes down through