What is the status of the OKX exchange in the currency circle? What are the top 3 cryptocurrency exchanges in 2022?

The existence of exchanges facilitates users to better invest in digital currencies, and some exchanges even allow users to trade digital currencies with fiat currencies such as euros. In addition, digital currency exchanges have an additional advantage, that is, users can operate their own digital currency wallet, which means that users can send digital currency to the wallet of the exchange, or store the tokens in the wallet provided by the exchange, although the existence of the exchange has a certain meaning, but not all exchanges can To provide users with high-quality services, novice Xiaobai is also curious about the three major exchanges in the latest currency circle in 2022? The following editor will give you a brief introduction.

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For the top three exchanges in the world, you can get a permanent 20% commission rebate for registration, and you can save a lot of handling fees in normal transactions.

Ouyi OKX registered address: https://www.okx.com/join/HG888

Binance registration: https://accounts.binance.com/zh-CN/register?ref=114789569 (Note: domestic users currently only support email registration! Ladder is required)

What are the three major exchanges in the latest currency circle in 2022?

Up to now, the best exchanges in the currency circle are Ouyi, Binance and FTX. Here is a detailed introduction to these platforms:

1. Ouyi OKX

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OKX is the world's leading encrypted ecological builder. It was established on May 31, 2017. It has the world's top encrypted asset trading platform, Web3.0 entry-Web3Wallet and a smart contract platform designed to provide a secure and programmable smart contract platform for the next generation of Web3 applications. OKC, founded the world's leading Crypto trading system such as unified trading account.

OKX provides global users with services such as spot, derivatives trading and financial products of various encrypted digital assets such as Bitcoin and Ethereum, helping users to manage and invest in encrypted digital assets conveniently and quickly; Web3Wallet provides a multi-chain None-custody wallet , NFT market, DEX, DApps and other products; OKC, as the self-developed public chain of Ouyi, has also emerged in ecological construction, which can meet the needs of users for various encrypted digital asset business. In the future, OKX will continue to develop into the Metaverse, Web3.0, DeFi, GameFi and other fields. BlockdreamVentures has invested in hundreds of blockchain projects around the world to promote the prosperity of the encrypted economy.

At present, OKX has more than 20 million users around the world, covering more than 200 countries and regions; it has 8 regional offices in the United States, Malta, Dubai, etc., with 2,200 employees; annual revenue exceeds 1 billion US dollars, and cumulative transactions The volume exceeded 10 trillion US dollars.

2. Binance.com

Binance, the world's leading blockchain digital asset international station, provides a wide range of digital currency transactions, blockchain education, blockchain project incubation, blockchain asset issuance platforms, blockchain research institutes and Blockchain public welfare and charity services, currently users cover more than 180 countries and regions around the world, with core memory matching technology of 1.4 million orders per second, it is one of the fastest platforms for cryptocurrency transactions in the world, and it is also the global cryptocurrency transaction volume. One of the biggest platforms.

Binance always puts the interests of users first, and is committed to providing a safe, fair, open and efficient blockchain digital asset trading environment. At the same time, with the blockchain as the core, a comprehensive blockchain ecosystem will be established. Binance will create a new blockchain world with Binance users and create history together.

3. FTX

Founded in May 2019, FTX is a world-leading, safe, innovative, efficient and professional digital asset derivatives trading service platform, created for and serving traders. FTX has now listed 70+ contract trading pairs and 6 index contracts. The platform has leveraged tokens without liquidation, volatility (MOVE) contracts and contracts for the 2020 US presidential election, options, computing power contracts, crude oil contracts, etc. FTX is committed to building a robust platform that is intuitive to use for professional trading firms as well as first-time users, with security and innovation as the principles. FTX platform currency FTT is the application token of FTX ecology, with a market value of about 330 million US dollars. At present, FTT has been listed on FTX, Binance, Huobi, BitMax, Bitfinex, WazirX, CoinEx and many other trading service platforms.

What should I pay attention to when trading on the exchange?

1. Set a reasonable trading plan

When you trade Bitcoin, you should set yourself a trading rule and plan to buy, hold and sell. You should stick to the plan, keep a journal of your relevant transactions and thoughts, and not deviate from it.

A trading plan maximizes your ability to make decisions unwaveringly and not greedily. They allow you to benefit from probabilistic statistics, as you only make trades that meet predetermined set rules.

2. Don’t FOMO

FOMO stands for "fear of missing out". FOMO can lead you to make bad trading decisions. New Bitcoin traders often see contrarian action and tend to buy when the price is rising but lose money when the trend retraces. Conversely, experienced traders buy when others fear a dip and sell at higher prices during bullish peaks.

The Bitcoin market is live 365 days, so you can always wait for the right time to trade, the market doesn't always go in the same direction, so please don't FOMO.

3. Don’t use too much leverage

Trading is a way in which you can make a lot of money in a short period of time, however, you can also easily lose it. If you're not sure what you're doing, don't use too much leverage. Some exchanges offer leveraged trading up to 100x, but if you run out of funds or trade more than you can afford to lose, you can get stuck very quickly.

Your trading volume should not exceed 2%-5% of the total account funds, and if you are a new trader, you should not use more than 3-5 times leverage.

4. Don’t make bad decisions out of fear or greed

If you are upset or greedy about the state of your trade, you may be trading a loss you cannot afford, and this surge of emotion may lead you to make irrational decisions.

The reason we have a trading plan is that emotions don't make us negatively impact unexpected price swings. If you feel scared or too greedy, you should warn yourself if you are doing something wrong.

5. Watching the market 24/7 doesn’t make you rich

If you're constantly staring at your computer screen watching Bitcoin go, you're probably feeling stressed out, and stress doesn't do you or the people around you any good. Also, it won't earn you extra money.

It's better to take a walk to get some fresh air, spend time with your loved ones, and relax if you set your stop losses, don't use excessive leverage, stick to your trading plan, and don't risk taking unbearable losses. Trade long-term price action instead of dwelling on short-term volatility.