With low exchange charges. Okx Lending Rates … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or conserving functions, it also provides exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
If you’re in an area that works with OKX, you can produce an account that provides you access to trade 343 area currencies.
also supports margin loaning, 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 utilize 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 room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices 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 qualify for discount rates. Futures, swaps, and choices have their own rate schedules with varying fees.
One big downside of is that it does not reveal costs for withdrawals and deposits. While much of is transparent, hidden cost details are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal details prior to proceeding. If you unintentionally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t generally face with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe and secure are comparable. These include 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, consisting of freezer for most client properties. It also has deals additional functions like the ability 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 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 which we want to take earnings at this level what we want to do is find the distinction in between these values and that’s going to provide us.057 then we’re going to take the dollar amount risk we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Lending Rates
difference between the entry and the stop okay and that’s going to give us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to call in our danger 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 amount all right so that suggests that in order to find the capital requirement or the amount of money that we need for this trade we need to take the amount of coins and increase it by the entry rate which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’s going to give us 587 dollars then we require to be able to enter into this position when we’re using leverage the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have 10 thousand dollars to utilize all right 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 that makes it difficult okay so let’s go over to purchase bit here let’s state we wish 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 see what takes place when we open up our take advantage of okay and you’re gon na get this warning that the liquidation is high all right 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 best thing all right so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this utilize capability is changing absolutely nothing about the danger profile on the trade all right if you plan on trading anyways use the referral Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars per week we’re choosing 3 winners a week okay we’re attempting to give the costs that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is below you can take a look at our Discord where we reveal the winners fine before we hop into the trading system that you can use to begin taking these trades I wish to go over the guidelines that I would advise utilizing when growing a small account okay so the very first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 up to 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a bit bigger the 3rd thing and this is extremely crucial is everyone has a psychological threshold when it pertains to how much money 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 math says you’re going to begin feeling a little bit psychological about the trades which’s something that you truly want to avoid until you come comfortable doing that fine so say you work your method as much as 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can stroll that back down to fifty dollars per trade choice that fixed amount once you want to protect your capital and simply pick an objective per day on
the cash that you want to make as soon as you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars per week so I’m using you know 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 five thousand per trade and try to double my earnings all right so let’s enter 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 actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai all right but what I want to do is find an area where I have actually a newly developed uptrend first thing that I wish to do is recognize my wave count fine so if this is our beginning
first pullback is 2 largest waves up to 3 pullback is 4 and then the high is five and the way we can try to find the top of five 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 element 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 boils down through