With low exchange fees. Okx New Listing … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When participating in staking or saving features, it also offers extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site claims 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 works with OKX, you can develop an account that gives you access to trade 343 spot currencies.
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. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing tiers that vary based upon trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may get approved for discounts. Alternatives, swaps, and futures have their own rate schedules with varying costs.
One huge downside of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, hidden cost details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check deal details prior to continuing. If you inadvertently send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t generally confront with conventional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe are comparable. These include using strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most customer properties. It also has deals extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will discover 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 selling our position and that we wish to take earnings at this level what we wish to do is discover the distinction between these worths which’s going to offer us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx New Listing
difference in between the entry and the stop alright and that’s going to give us the quantity of tokens that we need to buy in order to run the risk of just 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount okay so that means that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the amount of coins and increase it by the entry price which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have 10 thousand dollars to use okay because if we just had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account which makes it impossible alright so let’s visit 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 happens when we open up our leverage fine and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the right thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this utilize ability is changing nothing about the risk profile on the trade fine if you plan on trading anyways use the recommendation Link in the description fine weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars each week we’re selecting 3 winners a week all right we’re trying to provide the costs that we’re gathering from the affiliate program back into the community for you men trading with us link is listed below you can take a look at our Discord where we announce the winners fine before we hop into the trading system that you can utilize to begin taking these trades I want to discuss the guidelines that I would recommend using when growing a small account okay so the very first guideline is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk okay each time you double the account so when you go to 100 approximately 200 all right you want 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 till we scale our account up a bit larger the 3rd thing and this is extremely crucial is everybody has a mental limit when it comes to just how much money they’re comfortable risking if I’m looking 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 and that’s something that you actually want to avoid till you come comfortable doing that fine so state you work your way as much as 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that pull back to fifty dollars per trade pick that fixed amount once you want to preserve your capital and simply select a goal daily on
the cash that you wish to make once you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make 3 that three to five thousand dollars each week so I’m using 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 know a couple years from now move up to a thousand shot to make 3 to five thousand per trade and attempt to double my income okay so let’s enter into the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely 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 however what I wish 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 all right so if this is our start
first pullback is two largest waves approximately 3 pullback is four and after that the high is five and the method 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 worth I’m gon na click on this link 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 go up to the high of one if our cost action boils down through