With low exchange fees. Okx Thunder … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It also offers remarkably high yields sometimes when participating in staking or conserving features.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. 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 an area that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could 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 space to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing 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 discount rates. Futures, swaps, and options have their own rate schedules with differing fees.
One big drawback of is that it does not divulge costs for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal information before continuing. You likely will not recover any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not usually face with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts protected are similar. These include utilizing strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many consumer properties. It also has deals additional functions like the ability 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. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to buy 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 wish to take revenue at this level what we want to do is discover the difference in between these values and that’s going to provide us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Thunder
distinction in between the entry and the stop fine and that’s going to offer us the quantity of tokens that we require to buy in order to risk only 10 dollars alright if we’re simply 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 ensure that you’re not doing that you need to have that set dollar quantity okay so that indicates that in order to find the capital requirement or the quantity of money that we need for this trade we need to take the quantity of coins and increase 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 provide us 587 dollars then we require to be able to get into this position when we’re using take advantage of the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have 10 thousand dollars to utilize fine due to the fact that if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account that makes it impossible alright so let’s go over to buy bit here let’s state we want to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our utilize okay and you’re gon na get this caution 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 ideal thing all right so now just thing that we require 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 okay if you plan on trading anyways utilize the recommendation Link in the description alright weekly we do a free gift where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars weekly we’re selecting 3 winners a week fine we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed below you can check out our Discord where we reveal the winners fine before we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would recommend utilizing when growing a small account alright so the first rule is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat okay each time you double the account so when you go to 100 approximately 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there up until we scale our account up a bit bigger the third thing and this is extremely essential is everybody has a mental threshold when it comes to how much money they’re comfortable running the risk of if I’m taking a look 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 says you’re going to start feeling a little bit psychological about the trades which’s something that you truly wish to prevent until you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can stroll that back down to fifty dollars per trade choice that repaired quantity once you wish to preserve your capital and just select a goal per day on
the money that you wish to make as soon as you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you understand I like to make three 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 five thousand per trade and attempt to double my income all right so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai okay however what I want to do is find an area where I have a recently established uptrend first thing that I want to do is recognize my wave count fine so if this is our beginning
first pullback is 2 biggest waves approximately three pullback is 4 and then the high is 5 and the method we can search for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and then find my aspect of one and you can see the cost 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 cost action boils down through