OKEx: Excellent Crypto Exchange with Low Fees. Save my name, email, and website in this browser for the next time I comment. OKEx offers several different verification levels, each with its own set of requirements and privileges. Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta, Indonesia, United Kingdom, Lebanon, Mexico, Libya, Sweden, and others. Tokenhell is a blockchain & crypto news agency where you can discover news about crypto coins, technical analysis, blockchain events and detailed reviews. For instance, BTC can be transferred to the ETH blockchain in the form of BTCK, a token thats 1:1 pegged to the price of BTC. Eric Rosenberg is a finance, travel, and technology writer. Bitcoin is a virtual good and is similar in many ways to more traditional investments. While that can be expected to change in the relatively near future, the fact CNY is the only fiat currency supported on the platform means OKex is still very oriented towards the Chinese market. Further, it supports PoW (Proof-of-work) mining of 9 major cryptocurrencies. OKX (Previously OKEx) is a global trading platform that is available to over 100 countries across the globe. coinzilla_display.push(c_display_preferences); 2017-2023. This means that you cannot have ETH operating on the BTC blockchain. Investopedia requires writers to use primary sources to support their work. If you agree to our use of cookies, please continue to use our website. Either way, OKEx exchange employs a cold and hot wallet architecture designed to keep the majority of funds on air-gapped devices that are inaccessible from the outside. The exchange has never been hacked despite being one of the largest cryptocurrency exchanges in the world, and overall, OKEx is considered to be a safe and secure trading platform. For example, if the Bitcoin trader has achieved a spot trading volume greater than 500 BTC, the market taker fee reduces to 0.135%. CRYPTOTOTEM. However, due to some inconsistencies, unclear information, and past customer experiences, its a good idea to proceed with caution. Users can also set up security features on their accounts, such as email verification, SMS verification, and 2FA authentication. The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. She has comprehensive knowledge of blockchain and various cryptocurrencies. OKX publishes its trading fees clearly while Coinbase hides prices until you enter a trade. OKEx is a safe cryptocurrency exchange as they use the most advanced encryption technology to secure its platform from hackers. So far, OKEx has never faced a high-profile successful hack, in spite of the fact that some users reported that their accounts were accessed by attackers, leading to loss of funds. Time-weighted average price (TWAP) orders and iceberg orders were first seen on OKEx, and theyre commonly used by the platforms traders due to their benefits. While the web browser version is potentially a good option for you if you are not an active trader, you may be more comfortable using the OKEx desktop or mobile app for regular use. This native chain is described as the the next step in the development of decentralized trading, hence allowing people to easily trade any valuable asset directly on-chain, whilst retaining full ownership over the assets in question. In short, the trading platform is suitable for safe and secure cryptocurrency trading. Cons OKX breaks currencies down into different pricing tiers that vary based on trade volume and account holdings. allowing users in over 180 countries . Cryptocurrency is a digital or virtual currency secured by cryptography and does not exist in physical forms like U.S. These provide better portfolio optimisation, lower trading fees, trade segregation for transparency purposes, and access to API services designed to carry out algorithmic trading. When you use margin trading, you are essentially borrowing funds from your crypto exchange and therefore, they will charge you interest on any position held overnight. It was founded by Star Xu () in 2017. This table does not include all companies or all available products. This includes OKB, which is a utility token issued by OK Blockchain Foundation and can be used for an array of purposes on the OKEx trading platform. Okex fee structure is given below: Trading fee: maker fee varies from 0.02-0.15% while taker fee vary from 0.05-0.2%, If you want to see the whole structure of trading fees of the Okex exchange, you can visit this link: https://www.okex.com/pages/products/fees.html. Okcoin was the first centralized exchange to offer . Required fields are marked *. For example, you can deposit Etherem to an Ethereum address. However, residents of the following countries are restricted from trading with OKEx. Most of the assets that are freely tradeable within the spot wallet can be deposited and withdrawn with ease, and without having to pay unnecessary transaction costs. The OKex exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. Thus, the app serves as an all-inclusive interface that allows both asset storage and trading. There are different types of trading wallets on the Okex exchange platform. Whether you are an advanced active trader or a one-time investor, you will find a solution on this platform. Those looking to build their very own cryptocurrency exchange might want to leverage the OKEx Cloud, an incredibly easy means of accessing the platforms world-class technology. The exchange lists over 350 cryptocurrencies and supports more than 500 trading pairs. Unlike futures and perpetuals, options trading contracts are not obligatory, meaning that bearers are given the choice to purchase or sell an asset at a predetermined price and date. Because of this, the Bitcoin blockchain may become the infrastructure on which all other blockchain applications are built in the future. On the negative side, the exchange lacks essential features for crypto investors. OKEx perpetual traders will find an immersive interface that contains all necessary tools. OKEx is a digital asset exchange that provides advanced financial services to traders globally by using blockchain technology. Since its launch in 2017, it has grown considerably to become a global icon in the crypto exchange sphere. The minimum amount required to open an account and trade at OKEx is 10 USDT (or other cryptocurrencies with equivalent amount). OKEx is currently considered one of the largest and most popular crypto-to-crypto and fiat-to-crypto exchanges in the world, serving more than 20 million users in over 100 countries. Users can therefore cloud mine BTC, BCH, EWTH, LTC, DASH, DCR, XMR, BTM, AND BTG. The blockchain has proven fairly scalable so far, while also being efficient thanks to the low transaction fees. Followings are some of the advantages and disadvantages of the exchange. Cryptocurrency transactions are generally one-way and cant be reversed, so always double-check transaction details before proceeding. OKex offers customer support through a phone line as well as an email-based ticketing system and several messaging apps and social media channels. Those looking to integrate the OKEx API within their own trading products and services can learn more on the API page. Following are the main areas of the Okex exchange review 2020 that we will discuss today: Lets review these points about Okex Exchange. Buy and sell crypto in 192 countries. While a bitcoin exchange gives users a platform where they can independently place orders in the cryptocurrency market, a Bitcoin trading robot is an automated software that enters and exit trades based on predefined parameters. There is no danger of scams and hacking activities due to its high-quality security system. The OKExChain is marketed as a high-performance network that facilitates decentralized governance and community-driven consensus. Their trading platform lets you trade a wide variety of cryptocurrencies, across both spot and derivative markets. Contact at info@tokenhell.com if you have any questions. 1. The crypto exchange has been providing advanced financial services to traders globally using their blockchain technology and currently caters to over a million users in 100 countries. Investing is speculative. If youve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. Roughly 30 digital currencies can be purchased directly via USD, EUR, GBP, KRW, JPY, RUB, TRY, USH, and more. OKEx offers a wide selection of trading assets, making it possible to get access to spot and derivatives trading. This drops as low as 0.02% and 0.05% for makers and takers fees respectively. Furthermore, in order to secure investors account from unauthorized access, OKEx supports the following features: OKEx offers 24/7 online support to help users solve any technical and trading issues. For those unaware, USDT is a digital token that was designed to have a 1:1 exchange rate with the Us dollar. Yes. Fees are tiered based on average 30-day trading volumes but are low even at their upper end. When investing your capital is at risk. The digital assets trading platform offers investors and traders to trade with BTC, ETH, LTC and other cryptocurrencies on its platform. For Level Three, youll have to agree to a disclaimer. Accessibility is a major problem with Zenledger despite being a major player. Albania Wire. If you need extra help, OKX offers a help page and chat support. OKX is . There are multiple revenue streams accessible by simply owning cryptocurrency, including yield farming, staking, or lending interest. OKEx mining pools: Join safe, . OKX is a top crypto exchange trusted by millions of users. The crypto earn feature has become incredibly popular as of lately, especially in the decentralized finance space. However, these countries also have other options than OKX (Previously OKEx). Some of its other key selling points include the OKB utility token, the OKExChain, the OKT token, as well as services like Earn, Loan, Jumpstart, Academy, Mining Pool, Cross-Chain Gateway, Wallet, Cloud, Brokerage, and more. c_display_preferences.zone = "6005dff5b02d413891"; Countries Allowed. . Andorra Wire. Trading fees are low and competitive. Read full terms and conditions / disclaimer. By this point, it is common knowledge that many cryptocurrencies have their very own blockchains which they are exclusive to. Enjoy hundreds of tokens and trading pairs. This means transactions can neither be reversed nor tampered with. 3 : Saving Wallet: It allows you to save their funds and earn interest on it. OKEx is one of the leading digital assets exchanges in the world and the Seychelles-based cryptocurrency exchange was founded in 2017. Next, you will have to enter a 6 digit code that was sent to your email or mobile phone. Low trading fees also attracts users. Customers only connect one of the supported wallets. The wallet is available on OKEx desktop/web platform and on the OKEx mobile app. This works the same as a simple market trade on the active trading platform, but with an easier-to-understand form and interface. Users can buy popular cryptocurrencies like Tether (USDT), Polygon (MATIC) Dogecoin (DOGE) and more through a range of payment methods, including Apple Pay, Visa, Mastercard, MoonPay, and bank transfer. Users will not only learn how to use each of the services that OKEx provides, but also how to conduct technical analysis, how to understand bullish and bearish sentiments, and how to carry out industry analysis. The United States itself has included Bitcoin into the traditional financial regulatory system, with Bitcoin companies being required to apply for MTLs (Money Transmitting Licenses). This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. . Below is a list of the countries not supported by OKEx: Hong Kong Cuba North Korea Iran Crimea Sudan Malaysia Syria the USA and its territories Bangladesh Ecuador Bolivia Kyrgyzstan How to. These include white papers, government data, original reporting, and interviews with industry experts. They are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100. countries. The important digital coins are. It is a digital trading platform which provides spot trading of digital currencies and fiat currencies to customers worldwide. When engaging in margin trading, users increase their exposure to cryptocurrency volatility without having to purchase too much crypto out of their own pockets. Of course, any losses that incur on the higher exposure will have to be paid out by traders. He has worked as a cryptocurrency journalist for numerous publications in the crypto space and loves learning about next-gen tech. Deposit Methods For further details, Users can also visit the official email of the exchange: Trading interface is very simple and straightforward. The 24/7 service is available for the customers. Mining pools allow investors to pool their assets together in order to rent server space, thats then used to mine a series of supported cryptocurrencies. OKX Supported Countries. 2 : Trading Wallet: This wallet is for different trades. OKEx exchange deposits and withdrawals are mainly done via digital currencies. OKX uses industry-standard security practices, including cold storage for most customer assets. To help bridge the knowledge gap, OKEx has started its very own academy, providing valuable knowledge on all things crypto. Bitcoin is a virtual currency on the internet. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. We independently evaluate all recommended products and services. 4. OKEx exchange offers free deposits and low withdrawal fees. The token comes along with a deflationary mechanism, designed to reduce the circulating supply, thereby further boosting the tokens value. The token can be used to settle trading fees on the exchange platform or to pay for exclusive services including dedicated customer support and enhanced API rate limits. If youre looking for an easy way to swap currencies, including stablecoins, you can use OKX's conversion form. Supporting more than 100 digital assets Users mostly face scams issues on many platforms. Trading platform is much beneficial for professionals only and not for the beginner. To create an account on OKEx, simply click on the sign-up button located on the upper-right corner of the screen, and proceed to enter your email and password. OKEx supports a mobile application that is easily downloadable on Apple Store and Google Play and is very user friendly. Positive reviews focus on an easy online experience, fast transitions, and low fees. Users can manage their accounts through the OKX website or mobile app. VIP users can enjoy much more competitive trading fees of 0.030%-0.080%. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. OKEx provides a leverage ratio of 10:1 and 20:1 under the margin trading mode, and 100:1 leverages when choosing to buy tokens via perpetual swaps contracts. [3] [4] It is not currently available to US-based investors. In comparison to other cryptocurrency exchanges, the OKEx platform is quite advanced, allowing users to trade with different types of orders. Heres a look at how it compares to another popular exchange, Coinbase. On the other hand, a regular user holding over 2,000 OKB will only pay a 0.06% maker fee and a 0.08% taker fee. On the OKEx academy, youll find lots of tutorials on a wide variety of topics suited for beginners and experienced investors. OKEx is a Malta-based world-leading cryptocurrency exchange that allows users to trade on hundreds of tokens and futures trading pairs. These include yield farming on Sushiswap or Compound, but also locked savings and C2C loans. Well cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. What is OKEx Exchange? First, it is difficult to find market news and analysis., which means youll have to find a third-party tool that offers instant market updates. This platform is ranked as the fourth biggest crypto exchange in the world in terms of trading volume and is best suited for experienced cryptocurrency traders and for one-time investors. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. Great Mobile app, 1 Provider that match your filters Providers that match your filters. CoinMarketCap. Participating in public sales comes along with a larger profitability potential, as public sale buyers are often able to purchase tokens at significantly lower prices, as opposed to those which are bought from the token market. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Cryptocurrency exchanges have some unique security concerns you dont typically face with traditional banking platforms. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website. OKEx exchange gives you the possibility of creating sub-accounts used for crypto trading. You can learn more about the standards we follow in producing accurate, unbiased content in our, Cryptocurrency Software Wallet Methodology. Home of OKB token, which can earn you a discount on trades. You likely wont recover any funds if you accidentally send funds to the wrong wallet address. Once logged in, you can view account balance and access features for spot, futures, options, and other trading needs. Trading interface is very simple and straightforward. Overall, the exchanges withdrawal fee is slightly lower than at other exchanges. Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review. Learn more. Theres also a phone number listed on the OKX website. Accepts fiat currency deposits Advanced traders will likely prefer the active trading platform with support for market, limit, and stop orders; advanced conditional trades; the open order book for supported currencies on the OKX exchange; and flexible market charts. For most digital assets, OKEx does not charge withdrawal fees. The crypto exchange is providing its services to users of more than 100 countries. Founded in 2014 by Star XU, Belize-based OKex is a cryptocurrency and digital assets exchange that splits opinion. Once you click on the Buy button, you will be transferred to a page where OKEx offers you the best prices provided by a third party. However, OKExs cross-chain gateway product makes it possible for users to convert assets at a 1:1 ratio, even if one coin is not supported on a specific blockchain at all. This may impact how, where and which products / companies / services we review and write about. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. Either way, the creation of sub accounts is easy, as highlighted in the official guide. OKX could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities. OKX might be a realistic choice for international cryptocurrency traders looking to buy and sell with low exchange charges. Other investors include notable Chinese VCs including Ceyuan Ventures, Longling Capital, and the Giant Network Group. In summary, OKEx is one of the best exchanges in terms of liquidity, the supported assets, and features. The OKB utility token is one of OKExs native tokens, providing holders with significant benefits when using the platform. The OKEx exchange is currently providing its services to over 100 countries. However, the best practices for keeping your financial accounts secure are similar. Some countries have established regulatory a framework for Bitcoin, with some of these insisting that Bitcoin-involved economic activities should be subject to traditional taxes. The platform enables retail and institutional investors to purchase digital assets using local currencies, with a mission to make crypto easy for everyone, including first-time buyers. The supported countries list for Kryptoksatt is expected to grow to 10+ countries including the UK, Canada, and the US within the next few months. The crypto exchange is currently supporting two fiat currencies which are USD and CNY. OKex is a well-backed exchange with significant global ambitions. Ensure youre using the best security features OKX offers to keep your account and funds as secure as possible. At Trustpilot, OKX receives an average 3.4-star rating out of five across over nearly 300 reviews, which is a relatively high rating for a cryptocurrency exchange. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. While the latter supports market data, the first one provides trading, withdrawals, and market data. Trading is instantaneous and anonymous, as the DEX trading interface can be accessed without an account. OKEx Exchange review - SUPPORTED COUNTRIES. Crypto will re-shape our money, our financial system, our internet, and our society, and ultimately contribute to every individual's freedom and dignity. If youre in an area that works with OKX, you can create an account that gives you access to trade 343 spot currencies. We rely on blockchain technology to provide everything you need for wise trading and investment. As mentioned, there are different types of trading options available including a spot, margin, futures, options, DEX, and perpetual swap. Ultimately, OKEx sets itself apart from competitors in the industry by offering different methods of crypto trading. DISCLAIMER The exchange discusses the main benefits of its brokerage program, and these include high commissions, product performance boosts, and 24/7 support. It is a Malta-based cryptocurrency. It also offers exceptionally high yields in some cases when participating in staking or saving features. OKX offers many of the same features as other large competitors. Originally based in China, the exchange, and sister OKCoin, moved to Hong Kong after the Chinese government banned the trading of ICO tokens and is now internationally focused. Nevertheless, many jurisdictions have established regulations or have actively started to support its growth. Angola Wire. Jay is well-known for his prior involvement in building blockchain-based applications for mobile gaming and video streaming [Wikipedia]. 5. Take care of our team, promote and advance crypto globally, and empower every individual in the world. In his free time, Daniel travels and actively seeks out new thrilling experiences. However its unavailability in the US is a huge downside. OKX is an international cryptocurrency exchange with low fees. The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms. Before you settle for one platform, make sure to look at the list of countries and locations they support to avoid any issues with future transactions. You may quickly purchase cryptocurrency with an Okex exchange account using a card, bank account, or mobile wallet. Its a quick and easy way for beginner to expert cryptocurrency enthusiasts to buy, hold, and exchange hundreds of popular cryptocurrencies with competitive trading fees. With over 300 cryptocurrencies supported, theres not enough room to list them all in our OKX review.

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