With low exchange charges. Okx Country … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When participating in staking or saving functions, it also provides extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
If you’re in a location that works with OKX, you can develop an account that offers you access to trade 343 spot currencies.
also supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note 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 certify for discounts.
One huge drawback 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 information before proceeding. If you accidentally send funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t normally confront with conventional banking platforms. However, the very best practices for keeping your financial accounts protected are comparable. These include using 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 possessions. It likewise 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 easy for anyone outside of 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 buy 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 offering our position which we wish to take profit at this level what we want to do is discover the distinction in between these worths which’s going to provide us.057 then we’re going to take the dollar amount danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Country
difference between the stop and the entry all right and that’s going to give us the amount of tokens that we require to buy in order to run the risk of only 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our risk reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity fine so that indicates that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we require to be able to get into this position when we’re using leverage the only thing it’s altering is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that implies 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 currently 5x the size of our money value of our account which makes it impossible alright so let’s visit buy bit here let’s say we want 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 occurs when we open up our take advantage of alright and you’re gon na get this warning that the liquidation is high fine 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 right thing alright 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 leverage capability is altering absolutely nothing about the danger profile on the trade alright if you plan on trading anyways utilize the referral Link in the description all right each week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars per week we’re picking 3 winners a week fine we’re trying to give the charges that we’re gathering 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 okay prior to we hop into the trading system that you can use to begin taking these trades I wish to review the guidelines that I would advise utilizing when growing a little account okay so the very first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 approximately 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there up until we scale our account up a little bit larger the third thing and this is extremely crucial is everybody has a mental threshold when it comes to 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 psychological about the trades and that’s something that you really want to avoid until you come comfortable doing that alright so state you work your way up to 200 to 500 to a thousand okay 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 back down to fifty dollars per trade choice that fixed amount once you wish to preserve your capital and just pick an objective each day on
the cash that you want to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars each week so I’m utilizing 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 understand a couple years from now move up to a thousand try to make three to five thousand per trade and try to double my income fine so let’s enter into the support 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 actually in Dubai all right but what I wish to do is find a location where I have a recently developed uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
first pullback is two biggest waves up to 3 pullback is 4 and after that the high is 5 and the method we can search for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and after that discover my aspect 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 price action boils down through