With low exchange charges. Okx Total Realized P&L … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It also provides exceptionally high yields in some cases when participating in staking or saving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can create an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
also 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. 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 space to list them all in our OKX review. 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 might qualify for discounts.
One big disadvantage of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction information before continuing. You likely won’t recover any funds if you accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not usually confront with traditional banking platforms. The best practices for keeping your monetary accounts safe are comparable. These consist of utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many customer properties. It likewise has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 earnings at this level what we want to do is find the difference in between these worths and that’s going to offer us.057 then we’re going to take the dollar amount threat 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 Total Realized P&L
difference between the stop and the entry all right which’s going to provide us the amount of tokens that we need to buy in order to risk just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar quantity fine so that implies that in order to discover the capital requirement or the amount of money that we need for this trade we have to take the amount of coins and multiply it by the entry price which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to get into this position when we’re using leverage 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 use a 100x take advantage of that indicates now I have 10 thousand dollars to use all right due to the fact that if we only had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account that makes it difficult fine so let’s go over to purchase bit here let’s say we wish to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open up our take advantage of all right and you’re gon na get this warning that the liquidation is high alright 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 okay so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is changing absolutely nothing about the danger profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description all right each week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re choosing three winners a week all right we’re attempting to offer the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can take a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would recommend using when growing a little account all right so the first guideline is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that ten dollar threat fine each time you double the account so when you go to 100 as much as 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there till we scale our account up a little bit bigger the 3rd thing and this is extremely essential is everybody has a psychological limit when it comes to how much money they’re comfortable risking if I’m looking 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 which’s something that you really want to avoid until you come comfy doing that all right so state you work your method as much as 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that fixed quantity as soon as you want to maintain your capital and just pick an objective each day on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make three that three to five thousand dollars each week so I’m using you understand about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you understand a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and try to double my income alright so let’s enter 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 actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai alright but what I want to do is find a location where I have a recently developed uptrend first thing that I want to do is recognize my wave count alright so if this is our start
first pullback is 2 biggest waves up to 3 pullback is 4 and after that the high is five and the method we can try to find the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and then find 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 increase to the high of one if our price action boils down through