With low exchange fees. Okx Aplikacja … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. When participating in staking or saving features, it likewise offers remarkably high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory 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 spot currencies.
Supports margin loaning, earning 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 room to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might get approved for discounts. Options, swaps, and futures have their own rate schedules with differing fees.
One big drawback of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. If you mistakenly send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security issues you do not typically confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe are comparable. These consist of using strong passwords distinct to every site 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 the majority of consumer assets. It also has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 and that 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 give us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Aplikacja
difference in between the stop and the entry okay and that’s going to give us the quantity of tokens that we need to buy in order to run the risk of only 10 dollars okay if we’re just going in with 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 definitely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar amount alright so that suggests that in order to discover the capital requirement or the quantity of money that we need for this trade we have 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 provide us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s altering is how much cash 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 indicates now I have 10 thousand dollars to utilize all right due to the fact that if we just had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account which makes it difficult okay so let’s visit purchase bit here let’s say 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 see what takes place when we open our leverage fine 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 ten dollars you are safe and you’re doing the right thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account all right so this leverage ability is altering absolutely nothing about the danger profile on the trade okay if you plan on trading anyways use the recommendation Link in the description okay weekly 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 choosing three winners a week fine we’re trying to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can check out our Discord where we announce the winners all right before we hop into the trading system that you can use to begin taking these trades I want to go over the guidelines that I would advise utilizing when growing a small account okay so the first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk alright each time you double the account so when you go to 100 approximately 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there up until we scale our account up a bit bigger the 3rd thing and this is super important is everyone has a mental limit when it comes to just 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 mathematics states you’re going to start feeling a bit emotional about the trades which’s something that you really want to avoid up until you come comfortable doing that okay so say you work your method up to 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that pull back to fifty dollars per trade choice that repaired quantity as soon as you wish to maintain your capital and just select an objective daily on
the money that you want to make as soon as you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to five thousand dollars per week so I’m utilizing you know 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 move up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings alright so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the markets 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 in fact in Dubai all right however what I wish to do is discover a location where I have a newly developed uptrend first thing that I want to do is determine my wave count okay so if this is our start
very first pullback is 2 biggest waves up to three pullback is four and after that the high is 5 and the way we can search for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and then find my factor 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