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. To compile name of all the supported countries under this read would be quite hard, so here we are enlisting the. OKEx supports many of the markets best known digital currencies, including but not limited to BTC, ETH, XRP, USDT, BCH, DOT, LINK, ADA, LTC, XMR, and YFI. OKX trade volume and market listings | CoinMarketCap Any of the exchange cannot be regarded as a trusted exchange until it proves itself. 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. This works the same as a simple market trade on the active trading platform, but with an easier-to-understand form and interface. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. 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. Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. Trading fees are low and competitive. If you open an OKEx account, complete KYC verification, and trade $100 on your first order, you get up to a sign-up bonus. Bank withdrawal Supported: Yes: Withdraw fees: Depends on cryptocurrencies: . Low trading fees also attracts users. On this platform, there are over 140 digital tokens and more than 400 BTC and USDT pairs to trade on. For further details, Users can also visit the official email of the exchange: support@okex.com. 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. 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. What Coins Are Supported on OKX? Because of this, the Bitcoin blockchain may become the infrastructure on which all other blockchain applications are built in the future. Once the funds have been automatically added to your account, you can start trading at OKEx. Leah Hutton has recently joined Tokenhell team as a freelance writer. Shortly thereafter, margin trading can commence. Take care of our team, promote and advance crypto globally, and empower every individual in the world. OKEx exchange deposits and withdrawals are mainly done via digital currencies. On the negative side, the exchange lacks essential features for crypto investors. The exchange was initially started by Star Xu in the year 2014. 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. The overall attitude of regulatory bodies is now changing from a neutral view to a positive one. The highest trading fees payable for low volume accounts are a 0.15% maker fee and 0.2% taker fee. These include yield farming on Sushiswap or Compound, but also locked savings and C2C loans. This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. It has some attributes of traditional currencies and some attributes of traditional payments systems in certain internet communities. OKEx lists a series of companies that currently accept OKB in exchange for access to their services. OKX Web3 Wallet - Crypto Wallet NFT World DApp Access Feedback on support levels is mixed with some complaints online around slow response rates or failure to resolve problems. Investopedia requires writers to use primary sources to support their work. The OKEx active trading platform has multiple layouts to choose from and the option to build customized layouts. Funds must then be transferred from spot wallets to margin wallets. Now, cryptocurrencies can be purchased via Visa, MasterCard, Apple Pay, and others. 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. 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. The exchange itself lists GSLB, distributed server clusters and cold storage multi-signature wallets among the security measures in place. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms. 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. As previously mentioned, OKEx allows users to deposit funds through a wide range of crypto coins but keep in mind that you will be able to transfer a specific type of token to the wallet deposit address you receive on the selected token only. He's written about every type of automated trading tools - from cryptocurrency robots, binary option robots, down to robo advisors. Users can also set up security features on their accounts, such as email verification, SMS verification, and 2FA authentication. Crypto exchange offers users with Bitcoin and Litecoin futures and also high trade volumes. The state of New York has introduced BitLicense for the exclusive regulation of Bitcoin. Those include: On top of that, OKEx offers a crypto mining pool, Crypto-to-Crypto loans, and staking. Those looking to integrate the OKEx API within their own trading products and services can learn more on the API page. OKEx has recently finalised the OKT initial minting and distribution token event, but it has sold many other tokens, including MXT, FLM, RIO, ZYRO, and more. 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. 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. 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. c_display_preferences.height = "250"; Trading platform is much beneficial for professionals only and not for the beginner. OKEx offers crypto trading services to more than 100 countries around the world. The app is available for both Android and iOS powered devices. She has comprehensive knowledge of blockchain and various cryptocurrencies. OKEx offers several different verification levels, each with its own set of requirements and privileges. The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States. Global Crypto Exchange | Buy Bitcoin & Crypto Worldwide | Okcoin This is essentially a fast buy option of 6 mainstream crypto coins - Bitcoin (BTC), Ethereum (ETH), USDT, Ripple (XRP), Litecoin (LTC), and OKB with 30 fiat currencies. Enjoy hundreds of tokens and trading pairs. Jumpstart represents OKExs token sale platform, which innovative crypto and blockchain-based startups can leverage in order to easily sell their tokens to the public. To access all the trading features OKX offers, youll need to complete its KYC (know your customer) requirements. Trading platform is much beneficial for professionals only and not for the beginner. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Level Two requires uploading a picture of their ID and a selfie through partner Netverify. Great Mobile app, 1 Provider that match your filters Providers that match your filters. Fees are tiered based on average 30-day trading volumes but are low even at their upper end. Were providing spot, margin, futures, options, perpetual swaps trading, DeFi, lending, and mining services. 103525, InsideBitcoins uses cookies to improve and customize your user experience, Mobile verification code for security settings and withdrawal, of funds. 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. The basic forms to buy and convert cryptocurrency are simple and intuitive. 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. Although not every pool is currently being used, there are quite a few people mining BTC, ETH, LTC, and XMR. High-yield staking opportunities and the ability to earn at least 1% with dozens of coins. - The promotion starts on April 7 and ends on May 6 at 11:59pm (UTC+8). Okex Review [2022] Things to Know Before Signing Up OKEx is a digital asset exchange that provides advanced financial services to traders globally by using blockchain technology. [3] [4] It is not currently available to US-based investors. Ensure youre using the best security features OKX offers to keep your account and funds as secure as possible. Countries Allowed. 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. [2] OKX is owned by OK Group, which also owns crypto exchange Okcoin. The exchange lists over 350 cryptocurrencies and supports more than 500 trading pairs. Next, copy the wallet address into the digital wallet you own and transfer the cryptocurrencies. A recent addition to the exchanges suite of additional functionalities has been the addition of algorithmic trading tools. 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. The digital assets trading platform offers investors and traders to trade with BTC, While the exchange supports the trade of 146 cryptocurrencies on the platform. OKEx (OKX) Exchange Review 2023 - Savvy New Canadians OKX (Previously OKEx) Review: Important Read - CoinCodeCap Dollars or other fiat currencies. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. The hot wallet offers security of private key storage through semi-offline storage and signature services. However its unavailability in the US is a huge downside. OKX was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. Is Binance available worldwide? Alternatives For 2023 The minimum amount required to open an account and trade at OKEx is 10 USDT (or other cryptocurrencies with equivalent amount). Detailed review of OKEx exchange - one of the largest crypto currency exchange in the world .where you can buy and sell more than 100 coins and token. The rest are seeing little to no activity whatsoever. As one of the worlds major cryptocurrency exchanges, backed by some major capital, it would be assumed that the cybersecurity architecture in place at OKex is in line with the best standards in the industry. Today, the CEO of OKEx is Jay Hao, who was previously involved in the semiconductor industry. Luckily, the account creation process is not complex and you will be able to either register through the website or OKEx iOS/Android mobile app. If theres a coin youre looking for, theres a good chance youll find it at OKX. So, users should feel free to think about the exchange. You can filter exchanges by country using our search tools. However, residents of the United States don't have access to the platform's services. 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. With these security features, scams can not touch the platform. [5] Many European countries have also been adopting positive attitudes towards Bitcoin. The exchange attributed this to the failure of the account holders themselves to secure their accounts and having made passwords and logins accessible. window.coinzilla_display = window.coinzilla_display || []; Since its launch in 2017, it has grown considerably to become a global icon in the crypto exchange sphere. Users can expect to trade in OKT, USDT, ETHK, OKB, LTCK, and BTCK, directly on the native OKExChain. OKCoin is a Chinese-based exchange that was founded in 2013 and is currently one of the most dominant players on the Bitcoin trading scene and one of the largest cryptocurrency exchanges. If you are considering opening an account with OKEx exchange, be sure this read this guide first. OKEx even provides access to free bitcoin incentives that are accessed through the completion of daily missions. Suggestions that security levels of the exchange itself were insufficient were refuted and new guidelines on account and wallet security issued to clients. . Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review. Cryptocurrency transactions are generally one-way and cant be reversed, so always double-check transaction details before proceeding. Afghanistan Wire. While the latter supports market data, the first one provides trading, withdrawals, and market data. Once logged in, users can customize layouts for various needs. 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. OKEx Exchange: Buy and Sell Bitcoin & other cryptocurrencies - Google Sites Secure platform for trading Once logged in, you can view account balance and access features for spot, futures, options, and other trading needs. The OKex exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. 2. OKExs trading interface comes along with all tools needed to make smart and profitable futures trades. OKEx Review 2021: How To Use Exchange | Fees, API & Cryptos Tokens can be seamlessly listed and integrated on the chain without seeking approval in a centralised fashion. DISCLAIMER 5. They are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100. countries. 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. Quick borrowing and repayment are assured, but acceptable interest rates are provided as well. 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. With OKX, you can join one of the leading crypto exchanges by trading volume. Algeria Wire. As a non-custodial wallet, users retain full security and ownership over their private keys. This process includes uploading your passport and recording a verification video according to the instructions provided by OKEx. Customers will have to use their passport to record a verification video according to preset instructions. The OKB utility token is one of OKExs native tokens, providing holders with significant benefits when using the platform. High-volume traders and those with a large holding in the OKB currency may qualify for discounts. Liquidity is always available, yet the number of supported pairs is fairly low. Join the CryptoTotem Team! The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. Futures contracts entail that traders agree to purchase or sell an asset at a predetermined time and date. Our platform is available globally, except in the following jurisdictions: the United States, Singapore, Cuba, Iran, North Korea, Crimea, Malaysia, Syria, Canada, the United Kingdom (specifically regarding our derivatives-related services for retail users), Bangladesh, Bolivia, Malta, and Hong Kong (specifically regarding our derivatives-related services for retail users). To do that, click on the Buy/Sell button on the top menu. When engaging in spot trading, users have access to all relevant tools designed to carry out market analytics and to determine which coins should be purchased or sold. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. If you click on links we provide, we may receive compensation. There are different types of trading wallets on the Okex exchange platform. However, residents of the following countries are restricted from trading with OKEx. This is good for people new to cryptocurrency looking to buy their first Bitcoin, Ethereum, or any other supported currency. The company was originally located in Hong Kong, China, and has, since then, expanded its offices in Belize and more recently in Malta, an island known for being a hub for blockchain-based and cryptocurrency projects. Followings are some of the advantages and disadvantages of the exchange. CoinMarketCap. Opening an account is easy for anyone outside of the United States. 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. OKEx exchange is owned together with OKCoin cryptocurrency exchange by OK Group and has 1000+ employees. Bitcoin is a virtual currency on the internet. 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. No deposit fees In 2018, it expanded crypto operations to Malta as the Maltese government has adopted an overall friendly approach to cryptocurrency trading.

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