With low exchange costs. Okx Play Store … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When participating in staking or conserving features, it likewise offers extremely high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices 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 do not take users from the United States due to regulatory and compliance concerns.
You can create an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin borrowing, making 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 use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 qualify for discount rates.
One huge downside of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, covert expense information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal information before proceeding. If you unintentionally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not typically confront with standard banking platforms. However, the very best practices for keeping your monetary accounts protected are comparable. These include utilizing strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many client possessions. 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 simple for anybody outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find 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 offering our position which we want to take earnings at this level what we wish to do is find the distinction in between these worths and that’s going to offer 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 ten dollars and we’re going to divide it by the Okx Play Store
distinction between the stop and the entry alright which’s going to offer us the amount of tokens that we require to purchase in order to run the risk of just ten dollars all right if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our risk reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar amount okay so that implies that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter into this position when we’re using take advantage of the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have 10 thousand dollars to utilize okay because if we only had a hundred dollar account fine this 587 is already 5x the size of our money value of our account which makes it difficult alright so let’s go over to purchase bit here let’s state we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what takes place when we open our leverage fine and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing fine 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 altering absolutely nothing about the danger profile on the trade all right if you plan on trading anyways utilize the referral Link in the description fine each week we do a giveaway where anyone 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 all right we’re trying to provide the costs that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed below you can take a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to start taking these trades I want to discuss the rules that I would recommend utilizing when growing a little account alright so the first guideline is start with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 approximately 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there till we scale our account up a little bit bigger the third thing and this is very crucial is everybody has a psychological threshold when it concerns just how much money they’re comfortable risking 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 math states you’re going to start feeling a bit emotional about the trades which’s something that you really want to prevent up until you come comfy doing that fine so state you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can walk that pull back to fifty dollars per trade pick that repaired amount as soon as you wish to protect your capital and simply choose an objective per day on
the money that you wish to make when you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to 5 thousand dollars weekly so I’m utilizing you learn about 2.5 percent of my entire 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 go up to a thousand try to make three to 5 thousand per trade and attempt to double my income fine so let’s enter into the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai alright but what I want to do is discover an area where I have actually a freshly developed uptrend first thing that I wish to do is identify my wave count all right so if this is our beginning
first pullback is two largest waves approximately 3 pullback is four and then the high is five and the way we can search 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 here click back here and then find my element 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 cost action comes down through