With low exchange costs. Bitboy Crypto Okx Referral Code … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When taking part in staking or saving functions, it also uses incredibly high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world 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 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 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 overall.
Currencies traded on by volume:
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 certify for discounts.
One huge drawback of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal information prior to continuing. You likely will not recuperate any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you do not generally face with standard banking platforms. The finest practices for keeping your monetary accounts safe are comparable. These include utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for many client properties. It also has deals extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished to purchase 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 want to take earnings at this level what we wish to do is discover the difference between these values which’s going to provide 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 10 dollars and we’re going to divide it by the Bitboy Crypto Okx Referral Code
difference in between the entry and the stop all right which’s going to provide us the amount of tokens that we need to buy in order to risk just 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar amount fine so that implies that in order to find the capital requirement or the amount of money that we need for this trade we have to take the quantity 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 and that’s going to give us 587 dollars then we need to be able to enter into this position when we’re using utilize the only thing it’s altering is just 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 suggests now I have ten thousand dollars to utilize fine due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account that makes it impossible all right so let’s go over to purchase bit here let’s say we wish to take this ape trade here alright we require 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 utilize alright and you’re gon na get this caution that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the ideal thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this take advantage of capability is altering nothing about the threat profile on the trade fine if you plan on trading anyways use the recommendation Link in the description okay each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re picking three winners a week alright 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 have a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to start taking these trades I wish to review the guidelines that I would recommend using when growing a little account okay so the very first guideline is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk fine each time you double the account so when you go to 100 approximately 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there up 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 concerns 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 three sell a row I don’t care who you are or what the math says you’re going to start feeling a bit psychological about the trades and that’s something that you really want to prevent until you come comfortable doing that alright so state you work your method as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can stroll that pull back to fifty dollars per trade choice that repaired quantity when you want to protect your capital and just pick an objective each day on
the money that you want to make as soon as you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to five thousand dollars each week so I’m utilizing 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 understand a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my income okay so let’s get into the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai okay but what I want to do is discover an area where I have a recently developed uptrend first thing that I wish to do is determine my wave count okay so if this is our start
first pullback is 2 largest waves as much as three pullback is four and then the high is five and the method we can look for 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 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 go up to the high of one if our cost action comes down through