3 : Saving Wallet: It allows you to save their funds and earn interest on it. OKEx Review - Is It Safe to Buy and Sell Cryptocurrencies? However, some assets are made interoperable, thereby living on a number of different blockchains. If you need extra help, OKX offers a help page and chat support. OKExs loan product allows traders to quickly obtain crypto-backed loans from the platforms other users. Any of the exchange cannot be regarded as a trusted exchange until it proves itself. On the negative side, the exchange lacks essential features for crypto investors. Coinbase is available to users in over 100 countries, including the U.S. OKX supports 343. However, due to some inconsistencies, unclear information, and past customer experiences, its a good idea to proceed with caution. Widely present: OKEx is available in 200+ countries, with more than 20 million users. To do that, click on the Buy/Sell button on the top menu. OKX (Previously OKEx) is a global trading platform that is available to over 100 countries across the globe. Dollars or other fiat currencies. Once your account has been verified and you have completed the deposit process, the funds will be automatically added to your trading account. You should note, however, that transfers with fiat currencies is available on the One-stop Marketplace feature and enables users to buy only 6 mainstream coins Bitcoin (BTC), Ethereum (ETH), USDT, Ripple (XRP), Litecoin (LTC), and OKB. Followings are some of the advantages and disadvantages of the exchange. OKEx exchange allows traders to buy and sell cryptocurrencies by using margin, giving them the chance to access leverage as high as 10x for spot, and 100x margin for futures. The OKExChain also supports smart contract integrations, thereby creating yet another ecosystem suited for the deployment of decentralized applications (dApps). 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. Join the CryptoTotem Team! Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Low trading fees of 0.10% or less for most trades, Easy to buy cryptocurrency using a card, bank account, or digital wallet, Not available to users in the United States. Low trading fees also attracts users. For now, unfortunately, Chinese Yuan is the only fiat currency supported. Your email address will not be published. OKX Review 2023: A great crypto exchange for the avid trader - CryptoNewsZ OKEx exchange comes along with a simple, but advanced trading view. Some of the cons, however, include no service to US-based customers and the lack of a demo trading account. OKX Review 2023 - Investopedia The minimum amount required to open an account and trade at OKEx is 10 USDT (or other cryptocurrencies with equivalent amount). Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta. Bitcoin is a reserve asset like gold, and because of its standardization, divisibility, and the ability of conducting online transfers, it has great advantages in many aspects such as payment efficiency, preservation cost, and more. 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. Okex crypto exchange is the worlds leading cryptocurrency exchange platform for selling, buying and trading digital assets. Users can manage their accounts through the OKX website or mobile app. OKEx even provides access to free bitcoin incentives that are accessed through the completion of daily missions. OKex is rumored to have ambitions to launch its own Ethereum-esque public Blockchain platform though no official announcement. The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. Deposit Methods Yes. With OKX, you can join one of the leading crypto exchanges by trading volume. 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. OKX publishes its trading fees clearly while Coinbase hides prices until you enter a trade. The Binance exchange has suffered multiple regulatory clampdowns worldwide. OKEx: Latest Exchange to Support TRC20-USDC - Tron Spark Overall, the exchanges user interface is very friendly and interactive, particularly when compared to other exchanges such as Binance. 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. OKX - Wikipedia It is also regarded as the worlds second-largest crypto exchange in terms of high volume. The OKEx wallet makes it easy for cryptocurrency owners to store, send, receive, and manage their digital assets. Low trading and financing fees 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. Now, cryptocurrencies can be purchased via Visa, MasterCard, Apple Pay, and others. Accepts fiat currency deposits On OKExs platform, traders do not have to pay deposit fees but are required to pay a withdrawal fee of 0.0005 BTC for bitcoin, 0.01 for ETH, and 0.15 for ripple. Apart from facilitating instant trading between popular trading pairs, OKEx exchange also provides margin trading, futures trading, DEX trading, perpetuals trading, and options trading. OKEx is registered in Malta and Hong Kong and recently featured digital assets and trading services that are compliant with the Virtual Financial Asset Act (VFAA), which is a regulated authority by the Malta Financial Services Authority. OKEx brokers work by attracting users for their particular product which is based on the liquidity and market depth provided by OKEx. Albania Wire. OKEx allows loans for a period ranging between 3 to 180 days, which are often priced at a 3.65% 15.33% effective interest rate. If you open an OKEx account, complete KYC verification, and trade $100 on your first order, you get up to a sign-up bonus. Opening an account is easy for anyone outside of the United States. Customers only connect one of the supported wallets. OKX may be a good choice for global cryptocurrency traders looking to buy and sell with low exchange fees. Cryptocurrency mining can bring in considerable profits, but it often entails expensive investments in powerful hardware, as well as electricity consumption costs. Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Polkadot (DOT) are supported by an underlying technology called blockchain, which acts as a decentralized digital ledger.Every cryptocurrency transaction is recorded in the blockchain and becomes immutable once confirmed and validated. For example, you can deposit Etherem to an Ethereum address. It also offers exceptionally high yields in some cases when participating in staking or saving features. OKEx exchange offers free deposits and low withdrawal fees. You can also swap existing digital assets via OKX Convertwithout fees or price slippage or buy crypto directly from other sellers through the OKX P2P Trading market. One major advantage of opening an account with OKEx, when compared with other crypto exchanges, is that when you use the One-stop Marketplace, no KYC verification on OKEx is required. OKX ( Chinese: ), formerly known as OKEx, is a Seychelles -based cryptocurrency exchange and derivatives exchange. OKEx is a safe cryptocurrency exchange as they use the most advanced encryption technology to secure its platform from hackers. 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. OKEx offers crypto trading services to more than 100 countries around the world. Youll also have opportunities to earn cryptocurrency and withdraw or send it to an outside wallet. OKX trade volume and market listings | CoinMarketCap These provide better portfolio optimisation, lower trading fees, trade segregation for transparency purposes, and access to API services designed to carry out algorithmic trading. Leveraged margin trading is also available for futures contracts. And it involves accounts of C2C, spot and margin trades. Okcoin trade volume and market listings | CoinMarketCap 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. We strive to achieve something that changes the world and never stop to innovate and improve on our customer experience. 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. 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 main mission of the exchange as described on the website is: OKEx believes the blockchain technology will eliminate barriers to transactions, increase the efficiency of transactions across society, and eventually have a significant impact on the global economy. At this point in time, OKEx classes as one of the worlds largest exchanges by features and trading volume, a title it has rapidly gained since its establishment in 2013. By employing multiple authorization mechanisms and using emergency plans for private key backups, funds remain inherently safe. However, residents of the United States don't have access to the platform's services. Roughly 30 digital currencies can be purchased directly via USD, EUR, GBP, KRW, JPY, RUB, TRY, USH, and more. When employing the staking or storage capabilities, it can occasionally produce very large yields. Great Mobile app, 1 Provider that match your filters Providers that match your filters. The company, whose operations are based out of Hong Kong, has some significant backing. The OKEx exchange is currently providing its services to over 100 countries. Supporting only two fiat currencies. Further, the charts are not intuitive to derive insights and can be difficult to use. Offers DeFi services to stake your currency and borrow using crypto as collateral. The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States. They are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100. countries. Although not every pool is currently being used, there are quite a few people mining BTC, ETH, LTC, and XMR. OKEx supports a mobile application that is easily downloadable on Apple Store and Google Play and is very user friendly. Okex Exchange Review- Features, Fees, Is It A Safe Exchange? The important digital coins are. CRYPTOTOTEM. 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. Enjoy hundreds of tokens and trading pairs. 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. However its unavailability in the US is a huge downside. We independently evaluate all recommended products and services. The wallet is available on OKEx desktop/web platform and on the OKEx mobile app. OKX (Previously OKEx) Review: Important Read - CoinCodeCap He has worked as a cryptocurrency journalist for numerous publications in the crypto space and loves learning about next-gen tech. Overall, the exchanges withdrawal fee is slightly lower than at other exchanges. If you are not holding any digital asset and wish to buy and sell cryptocurrencies via OKEx, you can choose the Quick Trade option that enables you to buy cryptos with fiat payment methods. Many users have reported that Binance closed their accounts because they reside in one of their unsupported countries - including users from Serbia, Bosnia, Iran, Myanmar, among other countries. The instrument page is very basic and inserting an order is extremely easy. Okex cryptocurrency exchange is considered as the most trusted digital assets exchange and the global leader of the blockchain technology. The exchange itself lists GSLB, distributed server clusters and cold storage multi-signature wallets among the security measures in place. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. If you are considering opening an account with OKEx exchange, be sure this read this guide first. Throughout the years of operation, OKEx has managed to raise capital from leading venture capitals and investment companies including VenturesLab, Ceyuan Ventures, Longling Capital, Qianhe Capital Management, eLong Inc. etc. The exchange offers users to contact the support team via phone, email, submit a ticket form, WhatsApp, and live chat that is available on desktop and the mobile app. These are C2C loans that are facilitated through OKExs matching engine. This is good for people new to cryptocurrency looking to buy their first Bitcoin, Ethereum, or any other supported currency. If you click on links we provide, we may receive compensation. 5. The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. Maddy Simpson is an experienced data journalist and fact-checker with a background in financial analytics. Okex Accepted Countries. Users can deposit and withdraw funds whenever they want. Country/RegionFiatCryptoFunding MethodsMargin Trading. If you agree to our use of cookies, please continue to use our website. Home of OKB token, which can earn you a discount on trades. Learn more. The daily volume of BTC futures trade on the Okex exchange is $1.5B. In his free time, Daniel travels and actively seeks out new thrilling experiences. Crypto exchange offers users with Bitcoin and Litecoin futures and also high trade volumes. This means you can offer your computer hash rate that is needed to mine digital assets and in return, you will be able to get an additional income. 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. These include yield farming on Sushiswap or Compound, but also locked savings and C2C loans. Once your OKEx account has been verified, navigate to the Assets button and click on the Deposit. What is OKEx Exchange? Bitcoin is a peer-to-peer payment method and has the potential of challenging Visas market dominance. OKX gets mixed feedback on consumer review sites. Users can therefore cloud mine BTC, BCH, EWTH, LTC, DASH, DCR, XMR, BTM, AND BTG. It has some attributes of traditional currencies and some attributes of traditional payments systems in certain internet communities. While cryptocurrency exchange regulations are still in their infancy, OKEx efforts to get a regulatory framework in Malta and in other parts of the world. OKEx was founded in 2014 by Star Xu, and is currently led by CEO Jay Hao. Further, it supports PoW (Proof-of-work) mining of 9 major cryptocurrencies. As expected, the token is necessary to pay the fees associated with all transactions carried out on this blockchain network. OKB is also usable for traders looking to take part in token sales promoted via the Jumpstart product. OKX uses industry-standard security practices, including cold storage for most customer assets. 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. Neither Bankrate nor this website endorses or recommends any companies or products. OKEx Exchange Review (2020): Is it a good exchange? - Boxmining Once logged in, users can customize layouts for various needs. With these security features, scams can not touch the platform. It allows users to buy and sell digital assets in all forms available on the site (spot and derivatives), view real-time streaming quotes, store crypto coins on its built-in digital wallet, deposit and withdraw funds, and subscribe to digital asset news. The trading fees for market takers charged by OKEx are a maximum of 0.15% for spot trading, which is below the industry average of around 0.25%. This review serves the purpose of covering and evaluating everything there is to know about the OKEx digital assets exchange. Pros 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. According to OKEx, their daily trade volumes are more than $1.5 billion, and the platform has millions of loyal users in over 100 countries. Bitcoin is a virtual good and is similar in many ways to more traditional investments. OKX (formerly known as OKEx) Supported Countries: Global (including Australia) Fiat Currencies Supported: 50+ including AUD and USD: Deposit Methods: Credit/debit cards, Apple Pay, crypto transfer: Supported Cryptocurrencies: 355: Interest-earning Wallets: Yes (up to 365% APY) Deposit Fees: A cryptocurrency and trading writer and investor, Patrick specialises in algorithmic trading. "Top Cryptocurrency Spot Exchanges.". Win up to $10,000 when you complete a deposit of more than $50 through a crypto purchase or top-up within 30 days of registration. Want to get started with OKEx? 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. These include using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds. Extensive range of pro trading options such as futures, Extensive range of over 100 cryptocurrencies supported, Chinese market focus though should change with international expansion ambitions. The trading platform provides more facilities to professional users as compared to the other exchanges. While the exchange supports the trade of 146 cryptocurrencies on the platform. For Level Three, youll have to agree to a disclaimer. The highest trading fees payable for low volume accounts are a 0.15% maker fee and 0.2% taker fee. There are four methods for depositing funds into the Okex trading account. For further details, Users can also visit the official email of the exchange: support@okex.com. The advanced platform is useful when margin trading or any other advanced strategy. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. This website uses cookies for functionality, analytics and advertising purposes as described in our Privacy Policy. None of the information you read on Tokenhell should be regarded as investment advice. The exchange has brilliant records so far in the crypto world and has proved its worth as a secure and advanced platform for trading. Users can also set up security features on their accounts, such as email verification, SMS verification, and 2FA authentication. View our terms of service for the full details. This process includes uploading your passport and recording a verification video according to the instructions provided by OKEx. Safety is assured through blockchain immutability and transparency. You likely wont recover any funds if you accidentally send funds to the wrong wallet address.