With low exchange fees. Okx Allowed Countries … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It likewise uses exceptionally high yields in many cases when taking part in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 regulative and compliance concerns.
If you’re in a location that deals with OKX, you can create an account that gives you access to trade 343 area currencies.
also supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various rates tiers that differ based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may receive discounts. Alternatives, swaps, and futures have their own rate schedules with differing costs.
One big drawback of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. If you accidentally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security concerns you do not normally confront with conventional banking platforms. The finest practices for keeping your monetary accounts protected are similar. These consist of 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 cold storage for most customer possessions. It likewise has offers additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted 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 wish to take profit at this level what we wish to do is discover the difference between these worths which’s going to provide us.057 then we’re going to take the dollar amount risk we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Allowed Countries
distinction between the entry and the stop all right and that’s going to give us the amount of tokens that we require to buy in order to risk just 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to call in our risk reward 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 alright so that indicates that in order to discover the capital requirement or the quantity of cash that we need for this trade we need to take the amount of coins and increase 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 which’s going to provide us 587 dollars then we need to be able to enter this position when we’re using take advantage of the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have ten thousand dollars to utilize alright because if we only had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account that makes it impossible all right so let’s go over to buy bit here let’s say we wish to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our leverage alright 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 best thing fine so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account okay so this take advantage of capability is changing absolutely nothing about the danger profile on the trade okay if you intend on trading anyways use the recommendation Link in the description fine weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars weekly we’re choosing three winners a week fine we’re attempting to give the fees that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can take a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would suggest using when growing a little account fine so the very first rule is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk okay each time you double the account so when you go to 100 up to 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there up until we scale our account up a little bit larger the 3rd thing and this is super essential is everyone has a psychological limit when it concerns just 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 3 trades in a row I don’t care who you are or what the math states you’re going to begin feeling a little bit emotional about the trades and that’s something that you truly wish to avoid until you come comfy doing that alright so say you work your way up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can stroll that pull back to fifty dollars per trade pick that fixed quantity as soon as you want to preserve your capital and simply choose a goal per day on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make three that three 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 shot to make 3 to 5 thousand per trade and attempt to double my earnings okay so let’s enter the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai okay but what I want to do is find an area where I have a recently developed uptrend first thing that I want to do is identify my wave count all right so if this is our start
first pullback is two biggest waves as much as 3 pullback is four and then the high is 5 and the way we can search for the top of 5 is by utilizing a Fibonacci projection 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 rate 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