It is a digital trading platform which provides spot trading of digital currencies and fiat currencies to customers worldwide. Coinbase is available to users in over 100 countries, including the U.S. OKX supports 343 currencies, while Coinbase supports just 160. Founded in 2017, OKX is a Seychelles-registered cryptocurrency exchange that adopts blockchain technology to build the next-generation financial ecosystem. Tokens are burnt every three months by having them sent to a non-access burning address. Supported fiat: 90+ Withdraw options: ERC-20, TRC-20, BEP-2, and BEP-20. Great Mobile app, 1 Provider that match your filters Providers that match your filters. 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. 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. These are C2C loans that are facilitated through OKExs matching engine. Required fields are marked *. On this platform, you can deposit funds with crypto coins you own or with fiat currency payment methods. On the negative side, the exchange lacks essential features for crypto investors. OKEx: Excellent Crypto Exchange with Low Fees. 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. 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. Okex is a well-developed cryptocurrency exchange with its significant features. Most of the assets that are freely tradeable within the spot wallet can be deposited and withdrawn with ease, and without having to pay unnecessary transaction costs. Read Terms and Conditions for more info. This drops as low as 0.02% and 0.05% for makers and takers fees respectively. Simply click the link below to register an account today! If you agree to our use of cookies, please continue to use our website. While its not available to users in the United States, it could be a good choice for others looking to buy, stake, and trade a large number of currencies. Bitcoin is a peer-to-peer payment method and has the potential of challenging Visas market dominance. If you are considering opening an account with OKEx exchange, be sure this read this guide first. OKX is available to users in over 200 countries, but its not available in the United States. Lastly, OKExChain has announced compatibility for the Ethereum Virtual Machine, meaning that developers can leverage the tools and know-how they already hold to build next-gen dApps on this blockchain. OKX offers low fees, but it's not available to U.S. investors. 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. Investopedia requires writers to use primary sources to support their work. OKEx provides hundreds of token & futures trading pairs to help traders to optimize their strategy. The simple form to buy crypto using a card, bank account, or digital wallet. These include white papers, government data, original reporting, and interviews with industry experts. 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. 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. [2] OKX is owned by OK Group, which also owns crypto exchange Okcoin. Crypto exchange offers users with Bitcoin and Litecoin futures and also high trade volumes. Although not every pool is currently being used, there are quite a few people mining BTC, ETH, LTC, and XMR. 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. Accepts fiat currency deposits OKX is not able to serve customers in the United States. The basic forms to buy and convert cryptocurrency are simple and intuitive. 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. At this point in time, holders can purchase technical services, financial services, and utility services. The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. The exchange discusses the main benefits of its brokerage program, and these include high commissions, product performance boosts, and 24/7 support. By employing multiple authorization mechanisms and using emergency plans for private key backups, funds remain inherently safe. Followings are some of the advantages and disadvantages of the exchange. OKex is a well-backed exchange with significant global ambitions. OKEx has a great education section on its platform with plenty of guides, trading ideas, and industry analysis. 2. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). Tokens can be seamlessly listed and integrated on the chain without seeking approval in a centralised fashion. The exchange attributed this to the failure of the account holders themselves to secure their accounts and having made passwords and logins accessible. While OKEx does not charge any deposit fees, it charges a withdrawal fee of 0.0005 BTC for bitcoin, 0.01 for ETH, and 0.15 for ripple. 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. The state of New York has introduced BitLicense for the exclusive regulation of Bitcoin. 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. Thanks to its cross-chain support and the value-exchange ethos, the OKExChain will hold significant popularity. 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. Given the absence of trading-centric blockchains, OKEx has decided to further tap into the total blockchain addressable market by creating the open-source OKExChain. 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. 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. 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. Once your account has been verified and you have completed the deposit process, the funds will be automatically added to your trading account. 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. Low trading and financing fees 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. If theres a coin youre looking for, theres a good chance youll find it at OKX. The rest are seeing little to no activity whatsoever. 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. OKX is an international cryptocurrency exchange with low fees. Enjoy hundreds of tokens and trading pairs. Those include: On top of that, OKEx offers a crypto mining pool, Crypto-to-Crypto loans, and staking. Shortly thereafter, margin trading can commence. Secure platform for trading CRYPTOTOTEM. 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. OKExs trading interface comes along with all tools needed to make smart and profitable futures trades. View the latest crypto prices, volume, and data, Trade a full range of contracts and margin products, Multiple strategies to help you trade with ease, Instantly trade spot OTC, futures spreads, and options strategies at the price you want, Discover new, high-quality projects around the world, The world's most powerful suite of crypto trading solutions, OTC liquidity network for pro and institutional traders, Seamless and ultra-low latency API connectivity, Improve capital efficiency and lower risk, Access world-class market depth with high commissions, Candlesticks, aggregate trades, order book data and more, Trade hundreds of tokens and trading pairs. Following are the main areas of the Okex exchange review 2020 that we will discuss today: Lets review these points about Okex Exchange. 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 Proprietary utility tokens appear to be the latest trend for cryptocurrency exchanges, a pattern sparked by Binances ICO rocketing the exchange into the biggest internationally within a month of its launch. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. With an account at OKX, you can easily buy crypto using a card, bank account, or mobile wallet. Opening an account is easy for anyone outside of the United States. 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. They dont take users from the United States due to regulatory and compliance concerns. In 2018, it expanded crypto operations to Malta as the Maltese government has adopted an overall friendly approach to cryptocurrency trading. OKEx exchange deposits and withdrawals are mainly done via digital currencies. Lastly, OKB ownership allows users to join the OKExChain ecosystem, an open-source blockchain that allows users to obtain a larger number of tokens as soon as the mainnet is launched. In summary, OKEx is one of the best exchanges in terms of liquidity, the supported assets, and features. Ultimately, OKEx sets itself apart from competitors in the industry by offering different methods of crypto trading. Annual percentage yields as high as 12.84% can be seamlessly obtained by taking part in the earn initiative. The Russian government issued a ban on Bitcoin in the past, but has revoked it after many other jurisdictions published their regulations. OKX is a crypto exchange that also offers a variety of other services, making it a complete digital currency ecosystem available in over 100 countries. Neither Bankrate nor this website endorses or recommends any companies or products. This works the same as a simple market trade on the active trading platform, but with an easier-to-understand form and interface. OKEx presents itself as a global digital assets exchange that gives traders advanced financial services using blockchain technology. With over 300 cryptocurrencies supported, theres not enough room to list them all in our OKX review. 103525, InsideBitcoins uses cookies to improve and customize your user experience, Mobile verification code for security settings and withdrawal, of funds. Users can deposit and withdraw funds whenever they want. OKEx lists a series of companies that currently accept OKB in exchange for access to their services. Cryptocurrency is a digital or virtual currency secured by cryptography and does not exist in physical forms like U.S. CEO of OKEx, JayHao, had a background in game development and the semiconductor industry before joining the cryptocurrency space. In this case, users can choose to add liquidity to a pool, which rewards them a percentage of the transaction fees incurred. 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. window.coinzilla_display = window.coinzilla_display || []; Coins are also spread out across multiple private keys, which are encrypted and help in bank vaults. OKX gets mixed feedback on consumer review sites. OKEx conducts regular burns using 30% of the income obtained via the OKEx spot trading fees. Quick borrowing and repayment are assured, but acceptable interest rates are provided as well. 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. Some exchanges don't accept deposits and transactions from all locations in the world. 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. Low trading fees are another big plus that will appeal particularly to more experienced traders. This website uses cookies for functionality, analytics and advertising purposes as described in our Privacy Policy. OKEx exchange offers free deposits and low withdrawal fees. The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms. If you find any discrepancies or false information about projects, infringement of copyrights or scam, please write us. The overall attitude of regulatory bodies is now changing from a neutral view to a positive one. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. Like many large cryptocurrency exchanges, OKX offers a simple trading form that works well for beginners alongside an active trading platform for intermediate to expert traders. Next, you will have to enter a 6 digit code that was sent to your email or mobile phone. Users mostly face scams issues on many platforms. OKX is a top crypto exchange trusted by millions of users. Customers reviews are mixed about their customer service. 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. OKEx offers several different verification levels, each with its own set of requirements and privileges. Youll also have opportunities to earn cryptocurrency and withdraw or send it to an outside wallet. Afghanistan Wire. 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. The crypto exchange is currently supporting two fiat currencies which are USD and CNY. Your email address will not be published. OKEx supports a mobile application that is easily downloadable on Apple Store and Google Play and is very user friendly. OKex also offers futures trading for Bitcoin, Ethereum and EOS with weekly, bi-weekly and monthly contracts available. Clickout Media Ltd AA PH, Camilleri Buildings, Oratory Street, Naxxar, NXR 2504 Malta, Company No. 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. 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. Funds must then be transferred from spot wallets to margin wallets. By this point, it is common knowledge that many cryptocurrencies have their very own blockchains which they are exclusive to. This process includes uploading your passport and recording a verification video according to the instructions provided by OKEx. There is no danger of scams and hacking activities due to its high-quality security system. Initially known as OKEx exchange, it got support and investment advice from leading venture capitalists and investment companies like Ceyuan Ventures, VenturesLab, Longling Capital, eLong Inc, and Qianhe Capital Management, which helped the digital assets exchange to reach the pinnacle where it is now. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Enjoy hundreds of tokens and trading pairs. Users can trade 300+ crypto coins and tokens on OKEx, with over 30+ fiat currencies supported. 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. Were providing spot, margin, futures, options, perpetual swaps trading, DeFi, lending, and mining services. Trading fees are low and competitive. 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. A Level One KYC-verified account requires entering basic information, including a government identification number. On top of that, the app is extremely easy to use and its user interface works for both beginner and more professional investors. The daily volume of BTC futures trade on the Okex exchange is $1.5B. Bank withdrawal Supported: Yes: Withdraw fees: Depends on cryptocurrencies: . 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. "Top Cryptocurrency Spot Exchanges.". . The OKex exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. There are different types of trading wallets on the Okex exchange platform. CoinMarketCap. Join the CryptoTotem Team! However, residents of the following countries are restricted from trading with OKEx. Whether you are an advanced active trader or a one-time investor, you will find a solution on this platform. He's written about every type of automated trading tools - from cryptocurrency robots, binary option robots, down to robo advisors. Your email address will not be published. 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. It also has a built-in trading bot to execute orders with specific rules. The exchange is led by Jay Hao[LinkedIn], who has been serving as its CEO for years. Positive reviews focus on an easy online experience, fast transitions, and low fees. OKX offers many of the same features as other large competitors. Trading platform is much beneficial for professionals only and not for the beginner. Deposit and Withdrawal Options Gate.io does not have any support for fiat currencies and as such, the only way which you can fund or. Users can also set up security features on their accounts, such as email verification, SMS verification, and 2FA authentication. Heres a glance at the top currencies traded on OKX by volume: OKX supports a large number of the most popular currencies. However its unavailability in the US is a huge downside. 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: She has comprehensive knowledge of blockchain and various cryptocurrencies. You likely wont recover any funds if you accidentally send funds to the wrong wallet address. Customers only connect one of the supported wallets. OKX also supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. 4. OKEx Exchange review - SUPPORTED COUNTRIES. Once you visit OKExs website, click on the Sign-up button at the top right corner of the screen and then, submit your email address or phone number, and create a password. Their trading platform lets you trade a wide variety of cryptocurrencies, across both spot and derivative markets. First off, OKB holders are eligible to obtain up to 40% off their trading fees, depending on which tier users qualify for. Cryptocurrency mining can bring in considerable profits, but it often entails expensive investments in powerful hardware, as well as electricity consumption costs. Rock bottom trading fees is a major strength of OKex and the exchange boasts among the lowest in the cryptocurrencies market. Users can expect to trade in OKT, USDT, ETHK, OKB, LTCK, and BTCK, directly on the native OKExChain. Cons 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. 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. Users can therefore cloud mine BTC, BCH, EWTH, LTC, DASH, DCR, XMR, BTM, AND BTG. To access the OKEx Cloud, users will have to fill an application form and conduct an audit with a dedicated project manager. Customers will have to use their passport to record a verification video according to preset instructions. DISCLAIMER We are going to provide the users an elaborative review of the Okex exchange which will include the details about the exchange and through these details, users will come to know whether this exchange is a trusted trading platform or not. If you are considering opening an account with OKEx exchange, be sure this read this guide first. Okex exchange accepts users from more than 100 countries all over the world. . 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 exchange itself lists GSLB, distributed server clusters and cold storage multi-signature wallets among the security measures in place. In addition, OKEx has a great FAQ section a join the community section where you can find answers and communicate with other members on the platform. Those looking to integrate the OKEx API within their own trading products and services can learn more on the API page. However, some assets are made interoperable, thereby living on a number of different blockchains. 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. The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. On the OKEx academy, youll find lots of tutorials on a wide variety of topics suited for beginners and experienced investors. 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.
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