With low exchange costs. Okx Warszawa … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When taking part in staking or conserving functions, it also provides incredibly high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can create an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin loaning, making cryptocurrency through staking and cost 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 not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different prices tiers that vary based upon trade volume and account holdings. 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 receive discounts. Options, swaps, and futures have their own rate schedules with varying fees.
One big disadvantage of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, surprise cost details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. You likely will not recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t typically confront with conventional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are comparable. These include utilizing 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 cold storage for a lot of consumer assets. It also has deals extra 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 outside of 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 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 selling our position and that we want to take profit at this level what we want to do is discover the distinction between these values which’s going to give us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Warszawa
distinction in between the entry and the stop all right and that’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat reward and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have that set dollar amount okay so that indicates that in order to discover the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and multiply it by the entry price which is this level here all right 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 require to be able to enter into this position when we’re using utilize the only thing it’s altering is how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have 10 thousand dollars to use okay since if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account which makes it difficult alright so let’s visit buy bit here let’s say 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 watch what takes place when we open our take advantage of okay and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing okay 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 utilize ability is changing nothing about the threat profile on the trade okay if you intend on trading anyways utilize the referral Link in the description fine 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 weekly we’re picking 3 winners a week alright we’re trying to offer the charges that we’re collecting from the affiliate program back into the neighborhood for you men trading with us link is below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would suggest utilizing when growing a little account all right so the first rule is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger alright 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 comfortable with the dollar amount and utilize that there up until we scale our account up a little bit larger the third thing and this is incredibly essential is everyone has a psychological limit when it comes to just how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly want to avoid up until you come comfy doing that fine so state you work your method up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can stroll that back down to fifty dollars per trade choice that repaired quantity as soon as you wish to preserve your capital and just choose an objective daily 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 three that 3 to five thousand dollars each week so I’m utilizing you learn about 2.5 percent of my whole 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 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 the bread and butter of the real trading this is a system that I have actually 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 all right however what I wish to do is find an area where I have actually a recently developed uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
first pullback is 2 biggest waves up to 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 using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that find 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 increase to the high of one if our rate action comes down through