With low exchange costs. Okx Windows App … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When participating in staking or conserving functions, it likewise provides exceptionally high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
If you’re in a location that works with OKX, you can develop an account that gives you access to trade 343 spot currencies.
also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different prices tiers that vary based upon 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 might qualify for discounts. Swaps, options, and futures have their own rate schedules with varying fees.
One big drawback of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, concealed expense information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal details before proceeding. If you inadvertently send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you do not typically face with conventional banking platforms. The best practices for keeping your financial accounts protected are comparable. These consist of using strong passwords unique to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for the majority of customer possessions. It likewise has deals additional features like the capability to establish 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 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 and that we want to take earnings at this level what we wish to do is find the distinction in between these values which’s going to give us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Windows App
distinction between the entry and the stop fine and that’s going to give us the quantity of tokens that we need to buy in order to risk just ten dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our threat reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar amount fine so that implies that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and increase it by the entry rate which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s changing is how much cash we personally need to put 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 utilize okay since if we just 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 go over to purchase bit here let’s state 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 enjoy what takes place when we open up our leverage okay and you’re gon na get this caution that the liquidation is high all right 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 best thing alright so now only 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 ability is altering nothing about the danger profile on the trade alright if you plan on trading anyways use the recommendation Link in the description fine each week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars per week we’re selecting 3 winners a week all right we’re attempting to offer the charges that we’re collecting from the affiliate program back into the community for you people trading with us link is listed below you can check out our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would suggest using when growing a little account alright so the very first rule is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger alright each time you double the account so when you go to 100 approximately 200 fine 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 use that there until we scale our account up a little bit bigger the third thing and this is extremely essential is everybody has a psychological limit when it pertains to how much money they’re comfortable risking 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 start feeling a bit emotional about the trades and that’s something that you truly want to avoid until you come comfortable doing that fine so state you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can stroll that pull back to fifty dollars per trade choice that fixed quantity 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 comfy limit where it’s fitting your income objectives so for me personally you understand I like to make three that 3 to 5 thousand dollars per week so I’m utilizing you know 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 understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt to double my earnings all right 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 absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai fine but what I wish to do is find an area where I have a freshly developed uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
very first pullback is two largest waves up to three pullback is 4 and then the high is five and the way we can try to find the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and then find my element of one and you can see the price 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 boils down through