With low exchange fees. Okx Partnership … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. It also offers extremely high yields in some cases when taking part in staking or saving features.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website 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.
You can develop an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list 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 big holding in the OKB currency may qualify for discounts.
One huge disadvantage of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, covert expense information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. You likely will not recover any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t generally confront with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are comparable. These include utilizing strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most customer properties. It also has deals extra features like the capability to establish 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 discover a familiar experience at OKX.
wished 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 discover the distinction between these values which’s going to give us.057 then we’re going to take the dollar amount threat we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Partnership
difference in between the stop and the entry all right which’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount all right so that implies that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and multiply it by the entry price 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 need to be able to get into this position when we’re utilizing 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 utilize a 100x utilize that means now I have 10 thousand dollars to use okay since if we just had a hundred dollar account alright this 587 is already 5x the size of our money value of our account that makes it difficult fine so let’s go over to buy bit here let’s state we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open up our leverage all right and you’re gon na get this caution that the liquidation is high fine 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 best thing okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is altering nothing about the risk profile on the trade fine if you intend on trading anyways utilize the referral Link in the description alright each week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re selecting 3 winners a week fine we’re trying to give the fees that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can check out our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to start taking these trades I wish to review the rules that I would recommend using when growing a little account okay so the first guideline is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat okay each time you double the account so when you go to 100 up to 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there up until we scale our account up a bit bigger the third thing and this is extremely important is everyone has a psychological threshold when it concerns how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit psychological about the trades which’s something that you really wish to avoid till you come comfortable doing that all right so say 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 and that’s too much for you fine you can stroll that pull back to fifty dollars per trade choice that repaired amount as soon as you want to preserve your capital and simply pick a goal 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 earnings objectives so for me personally you know I like to make three that 3 to 5 thousand dollars per week so I’m utilizing you know about 2.5 percent of my entire 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 shot to make 3 to five thousand per trade and try to double my income fine so let’s enter 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 definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai fine but what I wish to do is find a location where I have actually a freshly established uptrend first thing that I wish to do is recognize my wave count fine so if this is our start
very first pullback is two 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 5 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 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 go up to the high of one if our rate action boils down through