With low exchange fees. Okx Founder … With an account at, you can quickly purchase crypto utilizing a card, savings account, or mobile wallet. When getting involved in staking or saving features, it likewise provides incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares 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’re in an area that deals with OKX, you can create an account that gives you access to trade 343 spot currencies.
also supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note 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 big holding in the OKB currency may qualify for discounts.
One huge downside of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, hidden cost information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal information before proceeding. If you accidentally send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you do not typically confront with standard banking platforms. However, the best practices for keeping your monetary accounts secure are similar. These include using strong passwords special to every site 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 client possessions. It likewise has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted to buy 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 find the distinction between these worths and that’s going to give us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Founder
difference between the entry and the stop fine which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to call in our threat reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar amount okay so that implies that in order to find the capital requirement or the amount of money that we require for this trade we need to take the amount of coins and increase it by the entry rate which is this level here alright 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 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 leverage that indicates now I have 10 thousand dollars to utilize alright since if we only had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult fine so let’s go over to purchase bit here let’s say we want 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 watch what happens when we open our leverage fine 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 running the risk of that 10 dollars you are safe and you’re doing the best thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this leverage capability is altering nothing about the danger profile on the trade alright if you intend on trading anyways use the referral Link in the description all right weekly we do a free gift where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars per week we’re picking 3 winners a week fine we’re attempting to offer the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is below you can take a look at our Discord where we reveal the winners okay before we hop into the trading system that you can use to start taking these trades I want to go over the rules that I would recommend utilizing when growing a little account all right so the first guideline is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar risk alright each time you double the account so when you go to 100 as much as 200 okay you wish 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 until we scale our account up a bit larger the 3rd thing and this is extremely crucial is everyone has a mental threshold when it comes to just how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a bit emotional about the trades which’s something that you truly want to avoid up until you come comfortable doing that all right so state you work your way as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can walk that back down to fifty dollars per trade pick that fixed amount when you want to preserve your capital and just pick an objective each day on
the money 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 3 that 3 to five thousand dollars per week so I’m utilizing 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 understand a couple years from now move up to a thousand try to make 3 to five thousand per trade and attempt to double my earnings fine so let’s enter into the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have definitely 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 however what I want to do is find an area where I have a freshly established uptrend first thing that I wish to do is identify my wave count alright 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 method we can search for the top of 5 is by utilizing a Fibonacci forecast 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 cost action comes down through