With low exchange costs. Giełda Kryptowalut Okx … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When participating in staking or conserving features, it likewise provides extremely high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 issues.
If you’re in a location that works with OKX, you can produce an account that provides you access to trade 343 area currencies.
also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 main place 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 total.
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 may qualify for discount rates.
One big disadvantage of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, surprise expense information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. You likely won’t recover any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you do not normally confront with traditional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts protected are comparable. These include utilizing strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for many client possessions. It also has offers 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 beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find 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 which we wish to take revenue at this level what we wish to do is find the distinction in between these values which’s going to offer us.057 then we’re going to take the dollar quantity threat 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 Giełda Kryptowalut Okx
distinction between the stop and the entry okay and that’s going to give us the quantity of tokens that we need to purchase in order to risk just 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our risk benefit and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar amount all right so that implies that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we require to be able to get into this position when we’re utilizing take advantage of the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have 10 thousand dollars to utilize okay since if we only had a hundred dollar account all right this 587 is currently 5x the size of our money value of our account that makes it impossible alright so let’s go over to purchase bit here let’s say 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 watch what occurs when we open up our utilize fine and you’re gon na get this warning that the liquidation is high all right 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 right thing fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of capability is changing absolutely nothing about the danger profile on the trade all right if you intend on trading anyways utilize the referral Link in the description all right weekly we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re choosing 3 winners a week alright we’re trying to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is below you can check out our Discord where we announce the winners alright before we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would suggest using when growing a little account alright so the very first guideline is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat 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 comfy with the dollar quantity and utilize that there until we scale our account up a little bit bigger the third thing and this is super important is everyone has a mental threshold when it pertains to 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 trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit psychological about the trades and that’s something that you truly wish to prevent till you come comfortable doing that okay so say you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that back down to fifty dollars per trade choice that repaired quantity when you want to preserve your capital and simply pick an objective per day on
the money that you wish to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to 5 thousand dollars weekly 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 after that I’ll increase it you understand a couple years from now go up to a thousand shot to make three to 5 thousand per trade and try to double my income okay so let’s enter into the bread and butter of the actual trading this is a system that I’ve 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 in fact in Dubai all right however what I wish to do is discover a location where I have a freshly developed uptrend first thing that I want to do is recognize my wave count alright so if this is our beginning
first pullback is 2 largest waves approximately three pullback is 4 and then 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 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 rate action boils down through