With low exchange charges. Okx Joining Bonus … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or conserving functions, it likewise offers extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site 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.
You can produce an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining 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 location 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 might receive discounts. Swaps, alternatives, and futures have their own rate schedules with differing costs.
One big drawback of is that it does not reveal costs for withdrawals and deposits. While much of is transparent, hidden cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. If you unintentionally send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you do not usually face with standard banking platforms. However, the very best practices for keeping your monetary accounts protected are comparable. These include utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for many consumer possessions. It also 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 anybody 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 which we want to take revenue at this level what we want to do is discover the difference between these values which’s going to give us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Joining Bonus
difference in between the entry and the stop fine which’s going to give us the amount of tokens that we require to buy in order to risk just 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to call in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar amount all right so that implies that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter this position when we’re utilizing utilize the only thing it’s altering is 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 indicates now I have ten thousand dollars to utilize all right since if we just had a hundred dollar account alright this 587 is already 5x the size of our money worth of our account which makes it impossible okay so let’s go over to purchase bit here let’s say we want 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 enjoy what occurs when we open up our utilize okay and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying 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 okay so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is changing nothing about the risk profile on the trade fine if you intend on trading anyways utilize the referral Link in the description all right weekly we do a free gift where anyone 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 okay we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you men trading with us link is below you can have a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would suggest utilizing when growing a small account fine so the very first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 up to 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 comfy with the dollar quantity and use that there until we scale our account up a little bit bigger the 3rd thing and this is incredibly important is everyone has a psychological threshold when it concerns 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 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 psychological about the trades and that’s something that you truly wish to avoid up until you come comfy doing that fine so state you work your way approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can walk that pull back to fifty dollars per trade choice that fixed quantity once you want to protect your capital and simply pick a goal daily on
the cash that you wish to make when you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make three that three to 5 thousand dollars per week so I’m using you know about 2.5 percent of my entire 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 all right so let’s get into 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 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 fine however what I want to do is discover an area where I have a newly developed uptrend first thing that I wish to do is determine my wave count fine so if this is our beginning
first pullback is two biggest waves approximately three pullback is 4 and after that the high is 5 and the method we can search for the top of 5 is by using 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 cost 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 boils down through