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. Opening an account is easy for anyone outside of the United States. The exchange attributed this to the failure of the account holders themselves to secure their accounts and having made passwords and logins accessible. OKX offers low fees, but it's not available to U.S. investors. Trading interface is very simple and straightforward. There are 343 currencies on the exchange total. As a privately-held company, OKEx was founded in China, but is headquartered in Malta, and actively employs over 1,000 people. Trading fees are low and competitive. 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. The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms. Global Crypto Exchange | Buy Bitcoin & Crypto Worldwide | Okcoin There are multiple revenue streams accessible by simply owning cryptocurrency, including yield farming, staking, or lending interest. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. Want to get started with OKEx? [3] [4] It is not currently available to US-based investors. 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. The exchange was initially started by Star Xu in the year 2014. 103525, InsideBitcoins uses cookies to improve and customize your user experience, Mobile verification code for security settings and withdrawal, of funds. Once logged in, you can view account balance and access features for spot, futures, options, and other trading needs. Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. If you need extra help, OKX offers a help page and chat support. Great Mobile app, 1 Provider that match your filters Providers that match your filters. CEO of OKEx, JayHao, had a background in game development and the semiconductor industry before joining the cryptocurrency space. 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. Dollars or other fiat currencies. Roughly 30 digital currencies can be purchased directly via USD, EUR, GBP, KRW, JPY, RUB, TRY, USH, and more. 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. Customers will have to use their passport to record a verification video according to preset instructions. window.coinzilla_display = window.coinzilla_display || []; OKEx does not have its own fiat on-ramp, but it has partnered up with a third party to accept fiat-based deposits as well. 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 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. The daily volume of BTC futures trade on the Okex exchange is $1.5B. The Russian government issued a ban on Bitcoin in the past, but has revoked it after many other jurisdictions published their regulations. 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. Those include: On top of that, OKEx offers a crypto mining pool, Crypto-to-Crypto loans, and staking. Rock bottom trading fees is a major strength of OKex and the exchange boasts among the lowest in the cryptocurrencies market. Suggestions that security levels of the exchange itself were insufficient were refuted and new guidelines on account and wallet security issued to clients. For now, unfortunately, Chinese Yuan is the only fiat currency supported. On this exchange, you can avail of 24/7 excellent customer service. Without a cross-chain gateway, USDT operating on the Ethereum blockchain cannot be transferred to the Tron blockchain, for instance. It is a Malta-based cryptocurrency. If you click on links we provide, we may receive compensation. OKEx exchange comes along with a simple, but advanced trading view. OKB also opens up additional revenue streams in the form of passive income, via the OKEx Earn product. 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. 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. Below is a list of the countries not supported by OKEx: Registering for a trading account is mandatory in order to use the platform and trade cryptocurrencies. 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. Supported fiat: 90+ Withdraw options: ERC-20, TRC-20, BEP-2, and BEP-20. Once your OKEx account has been verified, navigate to the Assets button and click on the Deposit. 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. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. 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. Further, the charts are not intuitive to derive insights and can be difficult to use. We'll cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. When investing your capital is at risk. Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta. We independently evaluate all recommended products and services. It has some attributes of traditional currencies and some attributes of traditional payments systems in certain internet communities. OKEx offers several different verification levels, each with its own set of requirements and privileges. The app is available for both Android and iOS powered devices. The exchange discusses the main benefits of its brokerage program, and these include high commissions, product performance boosts, and 24/7 support. If you have any kind of inquiry about the exchange and you face any problems in your accounts or about your transactions then you can get help from the Okex community. 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). Join the CryptoTotem Team! The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. After creating the account, you will have to complete KYC level 1 verification and then link your mobile number so the system can verify your identity. OKEx is one of the leading digital assets exchanges in the world and the Seychelles-based cryptocurrency exchange was founded in 2017. A recent addition to the exchanges suite of additional functionalities has been the addition of algorithmic trading tools. 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. The highest tier VIP user with a 30-day trading volume above $1Bn can expect a maker fee of -0.01% and a taker fee of 0.03%. Since its launch in 2017, it has grown considerably to become a global icon in the crypto exchange sphere. Level Two requires uploading a picture of their ID and a selfie through partner Netverify. 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. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. Some of the cons, however, include no service to US-based customers and the lack of a demo trading account. Tokenhell is a blockchain & crypto news agency where you can discover news about crypto coins, technical analysis, blockchain events and detailed reviews. Because trading platforms are relatively heavy, downloadable software that takes most of the strain means avoiding the risk of a browser running into memory and processing difficulties and potentially freezing. Eric Rosenberg is a finance, travel, and technology writer. What is OKEx Exchange? It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes. Bank withdrawal Supported: Yes: Withdraw fees: Depends on cryptocurrencies: . These provide better portfolio optimisation, lower trading fees, trade segregation for transparency purposes, and access to API services designed to carry out algorithmic trading. 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. Buy BCH. To help bridge the knowledge gap, OKEx has started its very own academy, providing valuable knowledge on all things crypto. OKEx (OKX) Exchange Review 2023 - Savvy New Canadians OKEx Exchange review - SUPPORTED COUNTRIES. Founded in 2014 by Star XU, Belize-based OKex is a cryptocurrency and digital assets exchange that splits opinion. The Binance exchange has suffered multiple regulatory clampdowns worldwide. While the exchange supports the trade of 146 cryptocurrencies on the platform. The company, whose operations are based out of Hong Kong, has some significant backing. Users will first have to activate margin trading by agreeing with the risks. OKEx exchange is owned together with OKCoin cryptocurrency exchange by OK Group and has 1000+ employees. OKX uses industry-standard security practices, including cold storage for most customer assets. The governor of the Indian central bank Raghuram Rajan said that before we have a consensus on the potential of Bitcoin, we should study it in-depth instead of act too forcibly. OKEx perpetual traders will find an immersive interface that contains all necessary tools. If you are still keen to open a Bitcoin account with OKEx, follow our simple step-by-step guide below: The first step involves signing up on the platform and creating an account. Okex crypto exchange is the worlds leading cryptocurrency exchange platform for selling, buying and trading digital assets. She has comprehensive knowledge of blockchain and various cryptocurrencies. The OKExChain also supports smart contract integrations, thereby creating yet another ecosystem suited for the deployment of decentralized applications (dApps). It has a wide range of payment options available, including Google. 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. . Crimea, Syria, Ecuador, Bolivia, The USA and its . Okcoin was the first centralized exchange to offer . Your email address will not be published. The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States. c_display_preferences.width = "250"; These trading wallets include: 1 : Funding Wallet: Funding wallet allows you to transfer, deposit, and withdraw your funds. Secure platform for trading OKEx exchange offers free deposits and low withdrawal fees. Spot and derivative trading Contact at info@tokenhell.com if you have any questions. OKX Web3 Wallet - Crypto Wallet NFT World DApp Access Unlike fiat currencies that rely on banks to maintain a centralized ledger inaccessible to the public, cryptocurrency transactions are on a public blockchain that can be tracked and monitored by anyone.Additionally, depending on the consensus mechanism, anyone can validate transactions and add them to the blockchain, making cryptocurrencies decentralized.Many believe that blockchain technology will shape the future of money, potentially rebuilding the global financial system from its foundations. Of course, any losses that incur on the higher exposure will have to be paid out by traders. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels. With OKX, you can join one of the leading crypto exchanges by trading volume. Were serving millions of users in over 100 countries. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. c_display_preferences.zone = "6005dff5b02d413891"; Yes. Whether you are an advanced active trader or a one-time investor, you will find a solution on this 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. Theres also a phone number listed on the OKX website. [2] OKX is owned by OK Group, which also owns crypto exchange Okcoin. OKX is a top crypto exchange trusted by millions of users. Tokens are burnt every three months by having them sent to a non-access burning address. Shortly thereafter, margin trading can commence. OKEx is available in most regions of the world, with a few exceptions. Crypto will re-shape our money, our financial system, our internet, and our society, and ultimately contribute to every individual's freedom and dignity. 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. Coinbase is available to users in over 100 countries, including the U.S. OKX supports 343 currencies, while Coinbase supports just 160. Many European countries have also been adopting positive attitudes towards Bitcoin. OKEx has a great education section on its platform with plenty of guides, trading ideas, and industry analysis. To compile name of all the supported countries under this read would be quite hard, so here we are enlisting the. Trading is instantaneous and anonymous, as the DEX trading interface can be accessed without an account. Users mostly face scams issues on many platforms. 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. The crypto exchange is currently supporting two fiat currencies which are USD and CNY. 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. 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 article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. OKX could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities. Coins are also spread out across multiple private keys, which are encrypted and help in bank vaults. 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. 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. If you are considering opening an account with OKEx exchange, be sure this read this guide first. 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. 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. 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. Spot / Custodial / CEX / DEX / Derivatives. OKB is also usable for traders looking to take part in token sales promoted via the Jumpstart product. We rely on blockchain technology to provide everything you need for wise trading and investment. Crypto exchange offers users with Bitcoin and Litecoin futures and also high trade volumes. First off, OKB holders are eligible to obtain up to 40% off their trading fees, depending on which tier users qualify for. 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. As at 2018, the Exchange has over 800 employees and serves customers in over 100 countries. However, some assets are made interoperable, thereby living on a number of different blockchains. Funds must then be transferred from spot wallets to margin wallets. Okex Review [2022] Things to Know Before Signing Up VIP users can enjoy much more competitive trading fees of 0.030%-0.080%. Deposit Methods If you want to see the whole structure of trading fees of the Okex exchange, you can visit this link: The 24/7 service is available for the customers. The OKex exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. 3 : Saving Wallet: It allows you to save their funds and earn interest on it. When employing the staking or storage capabilities, it can occasionally produce very large yields. 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. Some exchanges don't accept deposits and transactions from all locations in the world. While the latter supports market data, the first one provides trading, withdrawals, and market data. 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. 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. 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. Ultimately, OKEx sets itself apart from competitors in the industry by offering different methods of crypto trading. We strive to achieve something that changes the world and never stop to innovate and improve on our customer experience. 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. So, users should feel free to think about the exchange. 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. 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. OKX is a cryptocurrency company offering a crypto exchange and a suite of additional services. Bitcoin is a peer-to-peer payment method and has the potential of challenging Visas market dominance. OKX Exchange Review - Is It Legit? (2022 Updated) - 99 Bitcoins This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website.
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