OKEx even provides access to free bitcoin incentives that are accessed through the completion of daily missions. CoinMarketCap. If you are considering opening an account with OKEx exchange, be sure this read this guide first. Following are the main areas of the Okex exchange review 2020 that we will discuss today: Lets review these points about Okex Exchange. 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. 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. In this case, users can choose to add liquidity to a pool, which rewards them a percentage of the transaction fees incurred. Once the funds have been automatically added to your account, you can start trading at OKEx. Trading fees are low and competitive. The OKEx wallet makes it easy for cryptocurrency owners to store, send, receive, and manage their digital assets. Take care of our team, promote and advance crypto globally, and empower every individual in the world. These include white papers, government data, original reporting, and interviews with industry experts. In short, the trading platform is suitable for safe and secure cryptocurrency trading. Yes, OKEx offers the OK Vault multi-currency wallet that allows users to store mainstream and ERC20 tokens. Feedback on support levels is mixed with some complaints online around slow response rates or failure to resolve problems. OKX breaks currencies down into different pricing tiers that vary based on trade volume and account holdings. Buy Bitcoin & other cryptocurrencies | cryptocurrency exchange, reimagined | OKX Faster, better, stronger than your average crypto exchange Try OKX BTC $30,017.00 (-0.69%) ETH $1,872.36 (-1.04%) OKB $42.00 (-1.47%) OKT $22.27 (-2.37%) LTC $91.70 (-2.73%) DOT $6.28 (-2.20%) DOGE $0.08 (-2.63%) Trade like a pro This drops as low as 0.02% and 0.05% for makers and takers fees respectively. Generally, it would appear that the exchange is quite inflexible in its systems and approach but users who understand this and act accordingly report few problems. The more professional nature of OKexs exchange platform also means that it places more demand on hardware than the average cryptocurrency exchange. Crypto exchange offers users with Bitcoin and Litecoin futures and also high trade volumes. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). Cryptocurrency exchanges have some unique security concerns you dont typically face with traditional banking platforms. In comparison to other cryptocurrency exchanges, the OKEx platform is quite advanced, allowing users to trade with different types of orders. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes. This works the same as a simple market trade on the active trading platform, but with an easier-to-understand form and interface. Countries Allowed. This review serves the purpose of covering and evaluating everything there is to know about the OKEx digital assets exchange. OKex is listed on CoinMarketCap.com as one of the largest international cryptocurrencies exchanges in the world and it claims daily turnover of $1.5 billion only from its Bitcoin futures trading product. 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. Tokenhell is a blockchain & crypto news agency where you can discover news about crypto coins, technical analysis, blockchain events and detailed reviews. There are 343 currencies on the exchange total. Shortly thereafter, margin trading can commence. OKEx is a safe cryptocurrency exchange as they use the most advanced encryption technology to secure its platform from hackers. The OKEx active trading platform has multiple layouts to choose from and the option to build customized layouts. The Binance exchange has suffered multiple regulatory clampdowns worldwide. Albania Wire. OKEx brokers work by attracting users for their particular product which is based on the liquidity and market depth provided by OKEx. With OKX, you can join one of the leading crypto exchanges by trading volume. However, residents of the following countries are restricted from trading with OKEx. 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. The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. Speaking of the OKEx API, access is easily obtained with the REST and WebSocket APIs. 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 offers customer support through a phone line as well as an email-based ticketing system and several messaging apps and social media channels. The exchange discusses the main benefits of its brokerage program, and these include high commissions, product performance boosts, and 24/7 support. Of course, this extra bitcoin doesnt amount up to huge rewards, but it does provide an incentive to learn more about the cryptocurrency market. What Coins Are Supported on OKX? If youre in an area that works with OKX, you can create an account that gives you access to trade 343 spot currencies. By employing multiple authorization mechanisms and using emergency plans for private key backups, funds remain inherently safe. None of the information you read on Tokenhell should be regarded as investment advice. Users will first have to activate margin trading by agreeing with the risks. Clickout Media Ltd AA PH, Camilleri Buildings, Oratory Street, Naxxar, NXR 2504 Malta, Company No. Other investors include notable Chinese VCs including Ceyuan Ventures, Longling Capital, and the Giant Network Group. 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. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. OKEx Exchange review - SUPPORTED COUNTRIES. Margin trading is also provided on the platform and the maximum 20:1 leverage available is the highest of any cryptocurrencies exchanged, or CFDs broker. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. All information is taken from the public sources. Your email address will not be published. The OKEx cross-chain gateway currently supports the Ethereum blockchain, yet both the OKExChain and the Tron chain will be added within the short-term future. Spot and derivative trading A huge selection of digital assets coins A leverage ratio, also known as margin trading, is a tool that allows you to open positions with more capital than initially deposited. These trading wallets include: 1 : Funding Wallet: Funding wallet allows you to transfer, deposit, and withdraw your funds. Of course, any losses that incur on the higher exposure will have to be paid out by traders. With OKEx Cloud, users can access OKExs market depth, cutting-edge core technology, flexible token listing, cross-platform development, spot trading, P2P trading, and 24/6 global customer support. He has worked as a cryptocurrency journalist for numerous publications in the crypto space and loves learning about next-gen tech. Great Mobile app, 1 Provider that match your filters Providers that match your filters. Funds must then be transferred from spot wallets to margin wallets. OKEx exchange is available worldwide excluding in the below countries . These provide better portfolio optimisation, lower trading fees, trade segregation for transparency purposes, and access to API services designed to carry out algorithmic trading. OKX is a top crypto exchange trusted by millions of users. Unverified accounts can withdraw up to 10 BTC per day and trade up to $500, while higher levels give you higher withdrawal limits and transaction limits. High-volume traders and those with a large holding in the OKB currency may qualify for discounts. The exchange itself lists GSLB, distributed server clusters and cold storage multi-signature wallets among the security measures in place. 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 Payment Methods It also has a built-in trading bot to execute orders with specific rules. The exchange lists over 350 cryptocurrencies and supports more than 500 trading pairs. This table does not include all companies or all available products. Trading ideas, cryptocurrency fundamentals, and other technical knowledge is also readily available. Join the CryptoTotem Team! You likely wont recover any funds if you accidentally send funds to the wrong wallet address. c_display_preferences.width = "250"; The trading fee structure at OKEx is based on whether an investor is a market maker or a market taker. Okex exchange is providing with the advanced security options like 2-factor authentication, anti-pushing codes for every email by the Okex exchange and also mobile verification codes for withdrawals. As such, OKT token holders obtain voting rights on team and community proposals, as well as staking privileges. For spot trades, the most you will pay is 0.10%. 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. A level one verification grants access to most portions of the OKEx site with a transaction limit of $2,000, and it requires only a nationality, username, and ID number. 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. 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. OKB is also usable for traders looking to take part in token sales promoted via the Jumpstart product. OKCoin is the simpler exchange and focuses on pure buying and selling of cryptocurrencies and ICO tokens, while OKex offers a more sophisticated offering that has more in common with traditional financial securities exchanges. Save my name, email, and website in this browser for the next time I comment. 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. For Level Three, youll have to agree to a disclaimer. 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. Of course, OKB can also be used as a means of payment. You can find the margin interest rate fees below: There are different types of market orders to help investors place a trade at predefined price and volume, and the ability to use Algo orders is specially vital for active day traders. Youll get started by registering an account using your personal contact information. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The OKB utility token is one of OKExs native tokens, providing holders with significant benefits when using the platform. But due to the size of securities needed to facilitate the volume required to become a market maker, the majority of crypto investors are market takers. 3. Supported fiat: 90+ Withdraw options: ERC-20, TRC-20, BEP-2, and BEP-20. The platforms deposit screen will open up, and on this page, you can choose the type of cryptocurrency youd like to deposit to your account. 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). It also offers exceptionally high yields in some cases when participating in staking or saving features. Most of your OKX account needs will be self-serviceplan to handle your trading and account updates yourself. This process includes uploading your passport and recording a verification video according to the instructions provided by OKEx. Buy and sell crypto in 192 countries. OKEx mining pools: Join safe, . OKEx exchange gives you the possibility of creating sub-accounts used for crypto trading. Daniel is a digital currency expert, freelance writer, and jurist. If you agree to our use of cookies, please continue to use our website. The exchanges impressive roster of investors includes VenturesLab, co-founded by Tim Draper, a well-known American Venture Capitalist and cryptocurrencies proponent who has made a string of successful early-stage investments in companies such as Hotmail, Tesla, and Baidu. Some exchanges don't accept deposits and transactions from all locations in the world. It was founded by Star Xu () in 2017. The exchange was initially started by Star Xu in the year 2014. 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. 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. Users can therefore cloud mine BTC, BCH, EWTH, LTC, DASH, DCR, XMR, BTM, AND BTG. OKX offers low fees, but it's not available to U.S. investors. While its not the biggest cryptocurrency exchange on the block, it does a good job of supporting a large number of currencies and a wide range of services. OKX publishes its trading fees clearly while Coinbase hides prices until you enter a trade.

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