With low exchange costs. Demo Okx … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. It likewise uses incredibly high yields in many cases when taking part in staking or saving features.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
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 qualify for discounts.
One big drawback of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction information before proceeding. If you inadvertently send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not typically face with traditional banking platforms. The best practices for keeping your financial accounts safe and secure are similar. These consist of utilizing strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many client possessions. It likewise has deals additional functions 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. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
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 selling our position and that we wish to take earnings at this level what we wish to do is find the distinction between these values and that’s going to give us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Demo Okx
difference in between the stop and the entry fine which’s going to give us the amount of tokens that we require to purchase in order to risk just 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity alright so that means that in order to discover the capital requirement or the amount of money 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 give us 587 dollars then we require to be able to enter into this position when we’re using take advantage of the only thing it’s changing is how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have 10 thousand dollars to use okay because if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account which makes it impossible alright so let’s go over to purchase bit here let’s state we want to take this ape trade here alright we require 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 alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring 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 fine so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is changing absolutely nothing about the danger profile on the trade all right if you plan on trading anyways use the recommendation Link in the description all right every 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 3 winners a week fine we’re attempting to provide the fees that we’re collecting from the affiliate program back into the community for you people trading with us connect is listed below you can have a look at our Discord where we announce the winners fine before we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would suggest using when growing a little account all right so the first rule is start with the dollar quantity risk 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 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable 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 important is everybody has a psychological threshold when it comes to how much cash they’re comfortable risking if I’m taking a look 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 little bit emotional about the trades and that’s something that you really want to prevent till you come comfortable doing that okay so state you work your way as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can stroll that back down to fifty dollars per trade choice that fixed quantity once you want to preserve your capital and simply select 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 earnings goals so for me personally you know I like to make three that 3 to 5 thousand dollars weekly so I’m utilizing you understand 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 understand a couple years from now go up to a thousand try to make three to 5 thousand per trade and try to double my earnings fine 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 definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai fine however what I want to do is find an area where I have actually a recently established uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
first pullback is two biggest waves up to 3 pullback is four and after that the high is 5 and the way we can try to find the top of five is by utilizing 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 element 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 go up to the high of one if our cost action boils down through