With low exchange fees. Okx Access Denied … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When getting involved in staking or conserving functions, it also uses exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website 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 produce an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to list them all in our OKX review. 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 large holding in the OKB currency may certify for discount rates.
One huge drawback of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, covert expense information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely won’t recover any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t usually confront with traditional banking platforms. However, the best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of customer possessions. It likewise has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wanted to purchase 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 revenue at this level what we want to do is find the distinction in between these values and that’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 Okx Access Denied
difference between the entry and the stop all right which’s going to provide us the quantity of tokens that we require to buy in order to run the risk of just 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have that set dollar amount all right so that suggests that in order to discover 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 price which is this level here fine 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 need to be able to get into this position when we’re utilizing utilize the only thing it’s altering is 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 indicates now I have ten thousand dollars to use all right since if we only had a hundred dollar account alright this 587 is already 5x the size of our money worth of our account which makes it difficult okay so let’s visit purchase bit here let’s state we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open our leverage fine and you’re gon na get this warning 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 ideal thing alright so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this utilize capability is changing absolutely nothing about the danger profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description all right weekly we do a free gift where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re picking 3 winners a week okay we’re trying to give the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is below you can have a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to start taking these trades I want to review the guidelines that I would advise using when growing a small account all right so the very first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 as much as 200 fine you want 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 little bit bigger the 3rd thing and this is incredibly crucial is everybody has a mental threshold when it pertains to how much cash they’re comfortable risking 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 states you’re going to start feeling a bit psychological about the trades which’s something that you actually wish to prevent till you come comfy doing that fine so say you work your method as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can walk that pull back to fifty dollars per trade choice that repaired quantity when you wish to preserve your capital and just choose a goal per day on
the money that you wish to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to 5 thousand dollars weekly so I’m using you learn about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now go up to a thousand try to make three to five thousand per trade and attempt to double my earnings alright so let’s get into the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have definitely 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 however what I want to do is find an area where I have a freshly developed uptrend first thing that I want to do is identify my wave count okay so if this is our start
very first pullback is two biggest waves approximately three pullback is 4 and after that the high is 5 and the method we can try to find the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click on this link click back here and then discover my element 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 rate action boils down through