With low exchange charges. Can’t Log Into Okx Pro … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When taking part in staking or saving functions, it likewise offers exceptionally high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website 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 develop an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 main 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 review. There are 343 currencies on the exchange overall.
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 might certify for discount rates.
One huge disadvantage of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions 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 accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you do not normally face with conventional banking platforms. The finest practices for keeping your monetary accounts secure are similar. These consist of utilizing strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for a lot of client properties. It also has deals extra features like the ability to set up 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’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 distinction between these values which’s going to give us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Can’t Log Into Okx Pro
difference between the stop and the entry alright and that’s going to provide us the quantity of tokens that we need to buy in order to run the risk of only 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our danger benefit and you’re going to definitely screw yourself so make certain 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 quantity of money that we need for this trade we need to take the amount of coins and multiply it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that indicates now I have 10 thousand dollars to use fine since if we just had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it impossible all right so let’s visit buy bit here let’s state we wish to take this ape trade here all right 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 up our take advantage of okay and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this leverage capability is altering nothing about the danger profile on the trade all right if you intend on trading anyways use the recommendation Link in the description okay each week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars each week we’re picking three winners a week fine we’re trying 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 check out our Discord where we reveal the winners okay prior to we hop into the trading system that you can use to begin taking these trades I want to review the guidelines that I would recommend utilizing when growing a small account alright so the very first guideline is begin with the dollar amount danger 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 okay 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 quantity and utilize that there until we scale our account up a bit bigger the third thing and this is incredibly important is everybody has a mental threshold 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 states you’re going to start feeling a bit emotional about the trades which’s something that you truly wish to avoid until you come comfy doing that okay so say you work your way approximately 200 to 500 to a thousand all right and then 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 fixed quantity as soon as you want to preserve your capital and simply choose an objective daily on
the cash that you wish to make once you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that 3 to five thousand dollars per week 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 shot to make 3 to 5 thousand per trade and try to double my income all right so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces 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 actually in Dubai alright but what I want to do is find a location where I have a newly developed uptrend first thing that I wish to do is determine my wave count okay so if this is our beginning
very first pullback is two biggest waves up to 3 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 forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover my element 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 boils down through