With low exchange fees. Okx Pairs … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. When participating in staking or saving functions, it likewise uses exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
1
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance issues.
You can create an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
1
Supports margin borrowing, 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 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 overall.
2
Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into different rates tiers that differ 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 might receive discounts. Futures, choices, and swaps have their own rate schedules with varying charges.
One huge disadvantage of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, concealed cost information are a warning that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal information prior to continuing. If you mistakenly send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you do not generally face with standard banking platforms. The finest practices for keeping your monetary accounts secure are comparable. These include utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many customer assets. It also has offers extra 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 outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wanted to buy 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 selling our position which we want to take earnings at this level what we want to do is find the distinction in between these values which’s going to give us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Pairs
difference between the entry and the stop fine which’s going to provide us the quantity of tokens that we need to buy in order to risk only 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity all right so that suggests that in order to find the capital requirement or the quantity of money that we need for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to enter this position when we’re using take advantage of the only thing it’s altering is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have ten thousand dollars to utilize okay since if we only had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account which makes it difficult alright so let’s visit buy bit here let’s state we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open up our utilize alright 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 risking that 10 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 entire account okay so this take advantage of capability is changing nothing about the danger profile on the trade fine if you plan on trading anyways utilize the referral Link in the description fine each week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars each week we’re picking 3 winners a week okay we’re attempting to give the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is listed below you can take a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would suggest utilizing when growing a little account okay so the first guideline is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 up to 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there till we scale our account up a bit bigger the third thing and this is very crucial is everybody has a mental threshold when it comes to just how much cash they’re comfortable running the risk of if I’m looking 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 states you’re going to begin feeling a bit emotional about the trades and that’s something that you truly wish to prevent until you come comfortable doing that okay so say you work your method up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can stroll that pull back to fifty dollars per trade choice that repaired quantity as soon as you want to protect your capital and simply pick an objective daily on
the money that you wish to make as soon as you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars each 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 know a couple years from now move up to a thousand shot to make three to five thousand per trade and attempt to double my income fine so let’s enter into the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai all right however what I wish to do is find an area where I have actually a freshly developed uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
very first pullback is 2 biggest waves up to three pullback is 4 and then the high is 5 and the way we can search for the top of 5 is by using a Fibonacci projection 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 factor 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