With low exchange costs. Okx Crypto Exchange … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. It likewise offers incredibly high yields in many cases when participating in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the globe. 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 nations. They do not take users from the United States due to regulative and compliance concerns.
You can produce an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note them all in our OKX review. There are 343 currencies on the exchange total.
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 may qualify for discount rates.
One big drawback of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, covert expense information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you accidentally send out funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you do not typically face with standard banking platforms. However, the best practices for keeping your monetary accounts safe are comparable. These include using strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of consumer 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 find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 offering our position which we want to take earnings at this level what we wish to do is discover the distinction in between these values which’s going to provide us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Crypto Exchange
distinction between the entry and the stop alright and that’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of just ten 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 threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar quantity alright so that indicates that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 which’s going to offer us 587 dollars then we require to be able to get into this position when we’re using take advantage of the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have 10 thousand dollars to use all right because if we only had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account which makes it impossible fine so let’s visit buy bit here let’s say we wish to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our leverage all right and you’re gon na get this warning that the liquidation is high fine as long as you’re measuring 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 alright so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is changing nothing about the risk profile on the trade okay if you plan on trading anyways use the referral Link in the description okay every week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars per 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 people trading with us connect is listed 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 start taking these trades I want to review the guidelines that I would advise using when growing a little account fine so the first guideline is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 as much as 200 fine you wish to move that up to 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 bit bigger the third thing and this is super important is everybody has a mental threshold when it concerns just how much cash 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 mathematics states you’re going to start feeling a little bit emotional about the trades which’s something that you really wish to avoid until you come comfy doing that all right so state you work your method approximately 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that back down to fifty dollars per trade pick that repaired quantity when you wish to maintain your capital and just choose a goal each day on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars weekly so I’m using you learn 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 know a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my earnings fine so let’s enter the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai okay but what I wish to do is find a location where I have a freshly established uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
very first pullback is 2 biggest waves as much as three pullback is 4 and then the high is 5 and the way we can search for the top of 5 is by utilizing 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 then discover my factor 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