With low exchange charges. Okx Lanos … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It also provides extremely high yields in some cases when participating in staking or conserving features.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
If you remain in a location that works with OKX, you can produce 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 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 inadequate space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based on 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 may receive discounts. Swaps, futures, and alternatives have their own rate schedules with differing costs.
One huge downside of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. If you mistakenly send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security concerns you do not typically confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are similar. 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 a lot of customer assets. It likewise has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone 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.
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 offering our position and that we want to take profit at this level what we wish to do is discover the difference in between these worths and that’s going to offer 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 Lanos
difference between the stop and the entry okay which’s going to offer us the quantity of tokens that we require to buy in order to risk just 10 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 risk benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have actually that set dollar quantity okay so that means that in order to discover the capital requirement or the amount of money that we need for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we require to be able to enter this position when we’re using take advantage of the only thing it’s changing is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have 10 thousand dollars to utilize okay because if we only had a hundred dollar account all right this 587 is already 5x the size of our money value of our account which makes it impossible all right so let’s visit purchase bit here let’s say we want to take this ape trade here all right 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 our utilize 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 risking that ten dollars you are safe and you’re doing the best thing okay 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 capability is altering nothing about the danger profile on the trade alright if you intend on trading anyways use the recommendation Link in the description okay each week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars each week we’re selecting 3 winners a week okay we’re trying to give the charges that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can have a look at our Discord where we reveal the winners okay 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 using when growing a little account okay so the very first rule is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger all right each time you double the account so when you go to 100 approximately 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there up until we scale our account up a bit bigger the 3rd thing and this is incredibly crucial is everyone has a psychological threshold when it pertains 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 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 avoid till you come comfy doing that alright so state you work your method approximately 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 fixed amount when you wish to maintain your capital and simply select a goal per day on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to five thousand dollars each week so I’m using you understand about 2.5 percent of my whole 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 move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my income all right so let’s enter the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually 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 discover a location where I have a freshly established uptrend first thing that I want to do is recognize my wave count fine so if this is our beginning
first pullback is two biggest waves approximately 3 pullback is 4 and after that the high is five and the way we can try to find the top of 5 is by using a Fibonacci forecast 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 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 increase to the high of one if our rate action comes down through