With low exchange fees. Okx Mancity … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. It also offers exceptionally high yields sometimes when participating in staking or conserving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website 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 remain in an area that works with OKX, you can develop an account that offers you access to trade 343 area currencies.
also supports margin loaning, making 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 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 area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might qualify for discount rates.
One big drawback of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, surprise expense details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. You likely won’t recuperate any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not generally face with conventional banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords unique to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for many client properties. It also has offers additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 wish to take earnings at this level what we want to do is find the distinction in between these worths which’s going to provide us.057 then we’re going to take the dollar amount threat 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 Mancity
distinction between the stop and the entry alright and that’s going to give us the quantity of tokens that we require to buy in order to run the risk of only 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk reward and you’re going to absolutely screw yourself so ensure that you’re not doing that you need to have actually that set dollar quantity all right so that implies 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 rate which is this level here alright 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 need to be able to enter into this position when we’re using take advantage of the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have ten thousand dollars to use fine due to the fact that if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account which makes it impossible fine so let’s visit buy bit here let’s say we wish 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 enjoy what happens when we open our take advantage of okay and you’re gon na get this caution that the liquidation is high alright 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 right thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this utilize ability is altering nothing about the threat profile on the trade alright if you intend on trading anyways use the referral Link in the description fine every week 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 three winners a week all right we’re trying to provide the costs that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can take a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would advise using when growing a little account all right so the first guideline is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 up to 200 okay you wish 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 till we scale our account up a little bit bigger the third thing and this is super important is everybody has a psychological limit 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 three trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit emotional about the trades which’s something that you actually want to prevent until you come comfortable doing that okay so say 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 too much for you okay you can stroll that pull back to fifty dollars per trade pick that fixed amount as soon as you wish to preserve your capital and just choose an objective per day on
the money that you want to make as soon as you get up to a comfortable limit 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 utilizing you learn 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 three to five thousand per trade and attempt to double my income okay so let’s get into the support of the actual trading this is a system that I have actually 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 in fact in Dubai okay but what I want to do is find an area where I have actually a newly established uptrend first thing that I want to do is recognize my wave count alright so if this is our start
first pullback is 2 biggest waves up to three pullback is four and after that the high is five and the way we can try to find the top of 5 is by utilizing 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 find 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 price action comes down through