With low exchange costs. Okx Affiliate … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When taking part in staking or conserving functions, it likewise provides remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site 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 offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin loaning, making 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 main location 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:
breaks currencies down into various rates tiers that differ 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 large holding in the OKB currency might receive discounts. Swaps, alternatives, and futures have their own rate schedules with differing fees.
One big disadvantage of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, covert cost information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal details before proceeding. If you mistakenly send funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you do not typically confront with standard banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of consumer possessions. It likewise has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted to purchase 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 selling our position which we want to take revenue at this level what we want to do is find the distinction in between these worths which’s going to provide us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Affiliate
difference between the entry and the stop alright which’s going to provide us the quantity 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 going to have the ability to dial in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount okay so that suggests that in order to find the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter into this position when we’re utilizing take advantage of the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have 10 thousand dollars to utilize all right since if we just had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account that makes it difficult alright so let’s visit buy bit here let’s state we wish 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 takes place when we open up our take advantage of okay 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 right thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account alright so this leverage ability is altering nothing about the risk profile on the trade all right if you plan on trading anyways utilize the referral Link in the description fine each week we do a giveaway where anyone 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 all right we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you men 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 utilize to start taking these trades I wish to review the guidelines that I would advise using when growing a small account all right so the very first rule is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger okay each time you double the account so when you go to 100 as much as 200 alright you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there up until we scale our account up a little bit bigger the 3rd thing and this is incredibly crucial is everybody has a psychological limit 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 sell a row I don’t care who you are or what the math says you’re going to begin feeling a little bit emotional about the trades and that’s something that you actually wish to avoid up until you come comfortable doing that alright so state you work your method up to 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 pick that repaired amount as soon as you want to protect your capital and just choose a goal daily on
the money that you wish to make once you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 that 3 to 5 thousand dollars per week 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 then I’ll increase it you know a couple years from now go up to a thousand try to make three to five thousand per trade and try to double my earnings okay so let’s get into the support 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 absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai fine but what I wish to do is discover a location where I have actually a freshly developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
very first pullback is 2 biggest waves as much as 3 pullback is four and then the high is 5 and the way we can try to find the top of 5 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 then 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 price action comes down through