With low exchange fees. Okx Options Trading … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It also provides exceptionally high yields in some cases when participating in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can produce an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and cost 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX review. 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 spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discount rates. Swaps, futures, and alternatives have their own rate schedules with differing costs.
One huge downside of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, covert expense information are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction information before proceeding. You likely will not recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not typically confront with traditional banking platforms. However, the very best practices for keeping your financial accounts safe are comparable. These include using strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most customer assets. It also has offers extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we want to take revenue at this level what we want to do is find the distinction between these values which’s going to offer us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Options Trading
difference between the stop and the entry fine which’s going to give us the amount of tokens that we require to buy in order to run the risk of just 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our danger benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar quantity alright 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 rate 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 changing is how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have ten thousand dollars to utilize okay because if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account that makes it difficult fine so let’s visit buy bit here let’s say we want to take this ape trade here okay 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 leverage okay and you’re gon na get this caution 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 ideal thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account fine so this leverage capability is changing absolutely nothing about the threat profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description alright every week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars each week we’re picking three winners a week okay we’re trying to give the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can take a look at our Discord where we announce the winners all right 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 suggest using when growing a small account okay so the very first guideline is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger fine each time you double the account so when you go to 100 approximately 200 all right 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 amount and use that there until we scale our account up a little bit bigger the third thing and this is very crucial is everyone has a psychological limit when it concerns how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to start feeling a bit psychological about the trades which’s something that you really want to prevent till you come comfortable doing that all right so say you work your way as much as 200 to 500 to a thousand alright 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 pick that repaired quantity as soon as you wish to preserve your capital and simply pick a goal daily on
the cash that you want to make as soon as you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand 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 shot to make 3 to five thousand per trade and try to double my income alright so let’s enter into the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have absolutely 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 alright but what I want to do is find an area where I have a freshly established uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
very first pullback is 2 largest waves up to three pullback is 4 and then the high is 5 and the way we can look for the top of five is by utilizing a Fibonacci projection 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 factor of one and you can see the price 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 rate action comes down through