With low exchange charges. Okx Documentation … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or saving functions, it also uses exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 produce an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin borrowing, making cryptocurrency through staking and 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX review. 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 divulge charges for deposits and withdrawals. While much of is transparent, surprise expense information are a red flag 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 details before proceeding. If you accidentally send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security issues you do not generally confront with standard banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for many consumer possessions. It also has offers extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody 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 meaning that if we’re wrong and it continues moving down we’re offering our position and that we want to take revenue at this level what we want to do is discover the distinction between these worths and that’s going to offer us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Documentation
distinction between the stop and the entry alright and that’s going to give us the amount of tokens that we need to purchase in order to risk just 10 dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our risk reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have actually that set dollar amount okay so that means that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the quantity of coins and increase it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s changing is how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that implies now I have 10 thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account which makes it impossible okay so let’s visit purchase bit here let’s say we wish to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs 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 risking that 10 dollars you are safe and you’re doing the ideal thing okay so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this utilize capability is changing nothing about the threat profile on the trade alright if you plan on trading anyways utilize the referral Link in the description all right each week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars weekly we’re choosing 3 winners a week alright we’re trying to offer the fees that we’re gathering from the affiliate program back into the community for you guys trading with us link is below you can have a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to start taking these trades I want to discuss the guidelines that I would recommend using when growing a little account alright so the first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 approximately 200 all right you want to move that up to 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 bit bigger the third thing and this is incredibly crucial is everybody has a psychological threshold when it comes to just how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three 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 and that’s something that you truly want to avoid until you come comfy doing that fine so say you work your method up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can stroll that pull back to fifty dollars per trade choice that repaired quantity as soon as you want to protect your capital and simply select an objective each day on
the money that you want to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars per week so I’m using you understand 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 understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt to double my earnings fine so let’s enter the support 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 among the setups that I had on xrp when I was in fact in Dubai all right however what I wish to do is find an area where I have a newly established uptrend first thing that I wish to do is identify my wave count all right so if this is our beginning
first pullback is two largest waves as much as 3 pullback is 4 and after that the high is 5 and the way we can search for the top of five is by using 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 after that discover 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 increase to the high of one if our cost action comes down through