With low exchange fees. Qom Okx … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. When participating in staking or conserving functions, it also offers exceptionally high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet 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 an area that deals with OKX, you can develop an account that offers you access to trade 343 area currencies.
also supports margin loaning, earning 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 review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may certify for discount rates.
One big drawback of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, covert cost details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. If you accidentally send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security issues you don’t usually confront with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are comparable. These include using strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most consumer assets. It also has offers extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished 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 offering our position and that we want to take profit at this level what we want to do is find the difference between these values and that’s going to give us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Qom Okx
difference in between the entry and the stop fine and that’s going to give us the amount of tokens that we need to buy in order to run the risk of only ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar quantity all right so that indicates that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here all right 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 need to be able to get into this position when we’re using utilize the only thing it’s altering 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 implies now I have 10 thousand dollars to use fine because if we only had a hundred dollar account all right this 587 is already 5x the size of our money value of our account which makes it impossible fine so let’s visit purchase bit here let’s state we wish to take this ape trade here alright 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 utilize all right and you’re gon na get this warning that the liquidation is high all right 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 ideal thing alright so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this utilize capability is altering absolutely nothing about the risk profile on the trade all right if you intend on trading anyways use the referral Link in the description alright each week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars each week we’re picking three winners a week all right we’re attempting to give the costs that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can take a look at our Discord where we reveal the winners alright before we hop into the trading system that you can use to begin taking these trades I want to review the rules that I would advise using when growing a little account all right so the very first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 up to 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there until we scale our account up a bit larger the 3rd thing and this is incredibly crucial is everybody has a mental limit when it comes to 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 trades in a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly wish to prevent until you come comfy doing that alright so say 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 all right you can walk that pull back to fifty dollars per trade choice that repaired quantity as soon as you want to maintain your capital and just pick an objective daily on
the cash that you want to make when you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars weekly so I’m using you learn 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 understand a couple years from now move up to a thousand shot to make 3 to five thousand per trade and try to double my income all right so let’s enter into the support of the real 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 okay however 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 okay so if this is our start
first pullback is two largest waves approximately three pullback is four and then the high is 5 and the way we can search for the top of five is by utilizing 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 after that discover my aspect 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