With low exchange fees. Binance Gate.Io Poloniex Bitget Huobi Okx … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It likewise offers exceptionally high yields sometimes when taking part in staking or conserving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
You can develop an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 primary place 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 overall.
Currencies traded on by volume:
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discounts.
One big downside of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, covert expense details are a warning that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction information before proceeding. You likely will not recover any funds if you accidentally send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t typically face with conventional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are comparable. These include utilizing strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most consumer properties. It also has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. You will find a familiar experience at OKX if you’ve 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 meaning that if we’re wrong and it continues moving down we’re offering our position which we wish to take profit at this level what we wish to do is find the difference in between these values which’s going to give us.057 then we’re going to take the dollar amount threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Binance Gate.Io Poloniex Bitget Huobi Okx
distinction in between the stop and the entry all right which’s going to provide us the amount of tokens that we require to buy in order to risk only ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar quantity okay so that means that in order to discover the capital requirement or the quantity of money that we need for this trade we have to take the quantity 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 increased by 3.35 which’s going to offer us 587 dollars then we need to be able to get into this position when we’re using utilize the only thing it’s changing is how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have ten thousand dollars to use all right because if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account that makes it difficult fine so let’s visit buy 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 enjoy what happens when we open our utilize all right and you’re gon na get this caution that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the ideal thing alright so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this utilize ability is altering nothing about the danger profile on the trade fine if you intend on trading anyways utilize the recommendation Link in the description alright each week we do a free gift where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars each week we’re picking three winners a week alright we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you men trading with us link is below you can have a look at our Discord where we reveal the winners alright before we hop into the trading system that you can utilize to start taking these trades I want to discuss the guidelines that I would recommend using when growing a little account fine so the very first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 approximately 200 fine you want to move that as much as 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 third thing and this is very essential is everyone has a mental limit when it pertains to 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 sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit psychological about the trades and that’s something that you really wish to prevent up until you come comfortable doing that alright so state you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can walk that pull back to fifty dollars per trade choice that repaired quantity when you want to preserve your capital and just choose a goal per day on
the money that you want to make as soon as you get up to a comfy limit where it’s fitting your income goals so for me personally you know I like to make 3 that three to five thousand dollars weekly so I’m using you understand 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 know a couple years from now move up to a thousand shot to make 3 to five thousand per trade and attempt to double my income alright so let’s get into the support of the real 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 reveal you among the setups that I had on xrp when I was actually in Dubai all right however what I want to do is discover an area where I have a recently established uptrend first thing that I wish to do is recognize my wave count okay so if this is our start
first pullback is two largest waves up to three pullback is 4 and after that the high is five and the way we can look for 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 on this link 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 price action comes down through