With low exchange fees. Okx Nissan Note … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When participating in staking or saving functions, it also offers remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional 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 nations. They don’t take users from the United States due to regulatory and compliance issues.
You can produce an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, making 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ based on trade volume and account holdings. 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 receive discounts. Futures, alternatives, and swaps have their own rate schedules with varying costs.
One huge disadvantage of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information before continuing. You likely won’t recover any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not generally confront with conventional banking platforms. However, the very best practices for keeping your financial accounts safe are similar. These include using strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for a lot of customer assets. It also has deals additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 and that we wish to take revenue at this level what we want to do is find the difference in between these worths which’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Nissan Note
distinction between the entry and the stop all right and that’s going to offer us the amount of tokens that we need to buy in order to run the risk of just ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar amount alright so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here okay so in this case we’re going to take 175 coins increased 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 take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have 10 thousand dollars to use okay since if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it difficult okay so let’s visit buy bit here let’s state we want 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 enjoy what occurs when we open up our leverage alright 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 fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this take advantage of ability is changing nothing about the danger profile on the trade alright if you intend on trading anyways utilize the recommendation Link in the description all right every week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars each week we’re picking three winners a week all right we’re attempting to offer the costs that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can take a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to start taking these trades I want to discuss the rules that I would advise utilizing when growing a little account fine so the first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat okay each time you double the account so when you go to 100 up to 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a bit bigger the third thing and this is incredibly crucial is everybody has a mental limit when it comes to how much money they’re comfortable risking 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 says you’re going to begin feeling a bit emotional about the trades and that’s something that you actually want to prevent till you come comfy doing that all right so state you work your method approximately 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 alright you can walk that pull back to fifty dollars per trade pick that repaired amount once you want to maintain your capital and just pick an objective per day on
the money that you want to make when you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make three that three to 5 thousand dollars each week so I’m utilizing you understand 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 5 thousand per trade and attempt to double my earnings okay so let’s enter into 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 actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai fine but what I want to do is discover an area where I have actually a freshly developed uptrend first thing that I want to do is identify my wave count alright so if this is our start
very first pullback is two biggest waves approximately 3 pullback is 4 and then the high is five and the method we can search for the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and after that 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 cost action boils down through