With low exchange charges. Okx Api Post Only … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or conserving features, it also uses remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 remain in a location that deals with OKX, you can create an account that provides you access to trade 343 area currencies.
Supports margin loaning, making 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to list them all in our OKX evaluation. 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 discounts.
One big drawback 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 cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal information prior to proceeding. You likely will not recuperate any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally confront with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are comparable. These consist of using strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of client possessions. It also has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond 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 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 selling our position and that we want to take revenue at this level what we wish to do is find the distinction between these worths and that’s going to give us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Api Post Only
distinction in between the stop and the entry alright which’s going to offer us the quantity of tokens that we require to buy in order to run the risk of only 10 dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to call in our threat reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar quantity okay so that means that in order to find the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to enter this position when we’re utilizing leverage the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to use fine since if we only had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account that makes it impossible okay so let’s go over to purchase bit here let’s say we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open our utilize fine and you’re gon na get this warning that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing alright so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account fine so this leverage ability is altering absolutely nothing about the risk profile on the trade okay if you intend on trading anyways use the recommendation Link in the description okay every week we do a free gift where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re choosing three winners a week all right we’re trying to give the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is listed below you can check out our Discord where we announce the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the rules that I would advise utilizing when growing a small account fine so the first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 approximately 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there until we scale our account up a bit bigger the third thing and this is incredibly important is everybody has a psychological threshold when it comes to 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 mathematics says you’re going to begin feeling a bit emotional about the trades which’s something that you really wish to prevent until you come comfortable doing that fine so say you work your method 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 excessive for you all right you can walk that back down to fifty dollars per trade pick that repaired amount when you want to maintain your capital and just pick a goal each day on
the cash that you wish to make once you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make 3 that three to 5 thousand dollars weekly so I’m using you know 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 know a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my income okay so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay however what I want to do is find a location where I have a newly developed uptrend first thing that I want to do is determine my wave count fine so if this is our start
very first pullback is two largest waves up to three pullback is 4 and after that the high is five and the way we can try to find the top of five is by using 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 then 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 rate action boils down through