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. Buy and sell crypto in 192 countries. OKEx exchange is owned together with OKCoin cryptocurrency exchange by OK Group and has 1000+ employees. 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. 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. 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. Angola Wire. The exchange was initially started by Star Xu in the year 2014. However, the best practices for keeping your financial accounts secure are similar. This may impact how, where and which products / companies / services we review and write about. Save my name, email, and website in this browser for the next time I comment. It also has a built-in trading bot to execute orders with specific rules. var c_display_preferences = {}; The exchange itself lists GSLB, distributed server clusters and cold storage multi-signature wallets among the security measures in place. More so, up to 100x leverage is supported for futures trading. c_display_preferences.height = "250"; OKEx exchange comes along with a simple, but advanced trading view. 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. The app is available for both Android and iOS powered devices. It has some attributes of traditional currencies and some attributes of traditional payments systems in certain internet communities. OKEx mining pools: Join safe, . Theres also a phone number listed on the OKX website. OKX was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. Well cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. Okcoin (OKEx) Exchange Review - Safe or Scam Exchange? If you click on links we provide, we may receive compensation. Either way, OKEx exchange employs a cold and hot wallet architecture designed to keep the majority of funds on air-gapped devices that are inaccessible from the outside. OKEX Features Coins Available Bitcoin Litecoin Ethereum Accepted Countries Australia Cameroon Chad Canada Denmark France Greece Haiti Iceland Libya Mexico Nepal Romania Cape Verde Belize. For those unaware, USDT is a digital token that was designed to have a 1:1 exchange rate with the Us dollar. 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. Bitcoin is a peer-to-peer payment method and has the potential of challenging Visas market dominance. OKX Review 2023 - Investopedia One big downside of OKX is that it doesnt disclose fees for deposits and withdrawals. These include white papers, government data, original reporting, and interviews with industry experts. The crypto earn feature has become incredibly popular as of lately, especially in the decentralized finance space. The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms. Want to get started with OKEx? 3. 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. 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. Customers only connect one of the supported wallets. OKEx even provides access to free bitcoin incentives that are accessed through the completion of daily missions. Thus, the app serves as an all-inclusive interface that allows both asset storage and trading. The exchange discusses the main benefits of its brokerage program, and these include high commissions, product performance boosts, and 24/7 support. OKEx - Crunchbase Investor Profile & Investments The Russian government issued a ban on Bitcoin in the past, but has revoked it after many other jurisdictions published their regulations. Yes, OKEx offers the OK Vault multi-currency wallet that allows users to store mainstream and ERC20 tokens. Trading platform is much beneficial for professionals only and not for the beginner. Level Two requires uploading a picture of their ID and a selfie through partner Netverify. Without a cross-chain gateway, USDT operating on the Ethereum blockchain cannot be transferred to the Tron blockchain, for instance. The platform currently supports multiple order types, including but not limited to limit, advanced limit, market, stop limit, trail, iceberg, and TWAP orders, allowing users to make the most out of their trades. Okcoin trade volume and market listings | CoinMarketCap There are multiple revenue streams accessible by simply owning cryptocurrency, including yield farming, staking, or lending interest. 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. The OKEx active trading platform has multiple layouts to choose from and the option to build customized layouts. The exchange has brilliant records so far in the crypto world and has proved its worth as a secure and advanced platform for trading. 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. Heres a look at how it compares to another popular exchange, Coinbase. Any of the exchange cannot be regarded as a trusted exchange until it proves itself. Next, copy the wallet address into the digital wallet you own and transfer the cryptocurrencies. If youre looking to manage your cryptocurrency activity with one login, OKX could meet your needs. Bitcoin is a virtual currency on the internet. 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. Offers DeFi services to stake your currency and borrow using crypto as collateral. OKEx Review - Is It Safe to Buy and Sell Cryptocurrencies? OKex also offers futures trading for Bitcoin, Ethereum and EOS with weekly, bi-weekly and monthly contracts available. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Jay is well-known for his prior involvement in building blockchain-based applications for mobile gaming and video streaming [Wikipedia]. OKEx (OKX) Exchange Review 2023 - Savvy New Canadians With these security features, scams can not touch the platform. Okex Accepted Countries. Some of the cons, however, include no service to US-based customers and the lack of a demo trading account. OKX (Previously OKEx) is a global trading platform that is available to over 100 countries across the globe. Users can expect to trade in OKT, USDT, ETHK, OKB, LTCK, and BTCK, directly on the native OKExChain. The important digital coins are ETH, BTC, LTC, EOS, ETC, TRX, BCH, XRP, TRUE, ABT, MITH, HSR, BTM, IOST, and AUTO. 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. OKX - Wikipedia Great Mobile app, 1 Provider that match your filters Providers that match your filters. 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. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. Nevertheless, many jurisdictions have established regulations or have actively started to support its growth. The blockchain has proven fairly scalable so far, while also being efficient thanks to the low transaction fees. Okex Exchange Review- Features, Fees, Is It A Safe Exchange? OKEx aggregates a series of earning opportunities within its earn product. 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 website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Users mostly face scams issues on many platforms. Coins are also spread out across multiple private keys, which are encrypted and help in bank vaults. 103525, InsideBitcoins uses cookies to improve and customize your user experience, Mobile verification code for security settings and withdrawal, of funds. 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. The OKB utility token is one of OKExs native tokens, providing holders with significant benefits when using the platform. OKX breaks currencies down into different pricing tiers that vary based on trade volume and account holdings. allowing users in over 180 countries . OKX Exchange Review - Is It Legit? (2022 Updated) - 99 Bitcoins We independently evaluate all recommended products and services. OKEx takes security very seriously, but fund security also depends on how careful users are. 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. OKX is available to users in over 200 countries, but it's not available in the United States. With OKX, you can join one of the leading crypto exchanges by trading volume. If you open an OKEx account, complete KYC verification, and trade $100 on your first order, you get up to a sign-up bonus. OKEx is a digital asset exchange that provides advanced financial services to traders globally by using blockchain technology. 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. Is Binance available worldwide? Alternatives For 2023 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. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. OKEx perpetual traders will find an immersive interface that contains all necessary tools. Trading fees are low and competitive. 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. Customers reviews are mixed about their customer service. 2. Once your OKEx account has been verified, navigate to the Assets button and click on the Deposit. Of course, OKB can also be used as a means of payment. A huge selection of digital assets coins 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. Crimea, Syria, Ecuador, Bolivia, The USA and its . Countries Allowed. 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. You can learn more about the standards we follow in producing accurate, unbiased content in our, Cryptocurrency Software Wallet Methodology. Internet Computer Protocol Announces 23% Price Increase, Heats Up Debates, Senator Elizabeth Warren Wants to Impose a De Facto Ban on Crypto, Says Jake Chervinsky, Hackers Hijack Popular YouTube Channel to Promote Crypto Scam, Twitter CEO Elon Musk Introduces Monetization Features for Content Creators, FDIC Official Attributes Collapse of Signature Bank to Poor Management, Unlocking the Secrets of Bitcoins Taproot: Everything You Need to Know, Live Coin Watch: The Must-Have App for Cryptocurrency Investors, Price Analysis 29th April BTC, ADA, ETH, DOGE, XRP, BNB, and MATIC, Polkadot (DOT) Staking: What It Is And How To Do It, Ceramic Protocol: Unlocking the Future of Decentralized Data Storage for Beginners, https://www.okex.com/pages/products/fees.html. She has comprehensive knowledge of blockchain and various cryptocurrencies. OKEx Exchange - A Definitive Guide to Using the Popular Crypto Exchange ALL RIGHTS RESERVED. OKEx conducts regular burns using 30% of the income obtained via the OKEx spot trading fees. However, due to some inconsistencies, unclear information, and past customer experiences, its a good idea to proceed with caution. Founded in 2017, OKX is a Seychelles-registered cryptocurrency exchange that adopts blockchain technology to build the next-generation financial ecosystem. 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. Margin trading on OKEx is self-explanatory and easy to use. OKEx exchange is a cryptocurrency exchange based in Seychelles. In short, the trading platform is suitable for safe and secure, Tokenhell produces content exposure for over 5,000. Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review. Trading interface is very simple and straightforward. 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. Customers will have to use their passport to record a verification video according to preset instructions. Both give users access to the same account details, though some may find the larger screen on a desktop computer or laptop easier to navigate. While a bitcoin exchange gives users a platform where they can independently place orders in the cryptocurrency market, a Bitcoin trading robot is an automated software that enters and exit trades based on predefined parameters. We also reference original research from other reputable publishers where appropriate. The OKEx exchange is currently providing its services to over 100 countries. Kyrgyzstan; Puerto Rico ; Sudan; Syria ; US Virgin Islands; Bangladesh ; Bolivia; Crimea ; Cuba ; Ecuador; Guam ; USA; For USA users Coinbase, CEX.IO, and Binance are the best available cryptocurrency trading platform . In his free time, Daniel travels and actively seeks out new thrilling experiences. 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. 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. For now, unfortunately, Chinese Yuan is the only fiat currency supported. However, OKX doesnt publish its deposit and withdrawal pricing, so both obscure costs to some extent. The main trading options on the platform are: Fees are imposed on users on the basis of the trading option they choose. 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 Exchange : Buy Bitcoin & other cryptocurrencies - Google Sites Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. The supported countries list for Kryptoksatt is expected to grow to 10+ countries including the UK, Canada, and the US within the next few months. Algeria Wire. Trading cryptocurrencies allows you to enter the world of decentralized finance and participate in a frontier technology rapidly gaining popularity. 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 include yield farming on Sushiswap or Compound, but also locked savings and C2C loans. The important digital coins are. 2 : Trading Wallet: This wallet is for different trades. 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 crypto exchange is currently supporting two fiat currencies which are USD and CNY. Learn more. Buy BCH. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. OKEx is available in most regions of the world, with a few exceptions. View our terms of service for the full details. Terms & Conditions for Ethereum Shanghai upgrade with exclusive airdrop. OKX (Previously OKEx) Review: Supported Countries and Regions. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). OKX Web3 Wallet - Crypto Wallet NFT World DApp Access Safety is assured through blockchain immutability and transparency. CRYPTOTOTEM. The instrument page is very basic and inserting an order is extremely easy. Okex is a well-developed cryptocurrency exchange with its significant features. OKExs loan product allows traders to quickly obtain crypto-backed loans from the platforms other users. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. Either way, the creation of sub accounts is easy, as highlighted in the official guide. We strive to achieve something that changes the world and never stop to innovate and improve on our customer experience. Supported fiat: 90+ Withdraw options: ERC-20, TRC-20, BEP-2, and BEP-20. The wallet is available on OKEx desktop/web platform and on the OKEx mobile app. Funds must then be transferred from spot wallets to margin wallets. OKX Restricted Countries The project is supported in over 200 countries. OKX is . "Top Cryptocurrency Spot Exchanges.". Because of this, it has the potential of becoming a form of "digital gold", and is therefore an asset with the possibility of replacing gold in the internet of value era. Overall, the exchanges user interface is very friendly and interactive, particularly when compared to other exchanges such as Binance. Founded in 2013, Okcoin is a US-headquartered cryptocurrency exchange serving 190+ countries and territories. Dollars or other fiat currencies. Cryptocurrency is a digital or virtual currency secured by cryptography and does not exist in physical forms like U.S. 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 state of New York has introduced BitLicense for the exclusive regulation of Bitcoin. About Us | OKX Website | OKX Okex Payment Methods The overall attitude of regulatory bodies is now changing from a neutral view to a positive one. [2] OKX is owned by OK Group, which also owns crypto exchange Okcoin. OKEx exchange | OKEx Review | OKEx Fee | OKEx trading- Coinpedia No. Ensure youre using the best security features OKX offers to keep your account and funds as secure as possible. What Coins Are Supported on OKX? It has a wide range of payment options available, including Google. Founded in 2014 by Star XU, Belize-based OKex is a cryptocurrency and digital assets exchange that splits opinion. Users can also set up security features on their accounts, such as email verification, SMS verification, and 2FA authentication. Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Tokens are burnt every three months by having them sent to a non-access burning address. 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%. The daily volume of BTC futures trade on the Okex exchange is $1.5B. The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States. OKEx exchange is available worldwide excluding in the below countries . Quick borrowing and repayment are assured, but acceptable interest rates are provided as well. This drops as low as 0.02% and 0.05% for makers and takers fees respectively. The OKex exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. Crypto will re-shape our money, our financial system, our internet, and our society, and ultimately contribute to every individual's freedom and dignity. However, residents of the following countries are restricted from trading with OKEx. Eric Rosenberg is a finance, travel, and technology writer. This means transactions can neither be reversed nor tampered with. Those looking to integrate the OKEx API within their own trading products and services can learn more on the API page. 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. OKEx Review - Platform Features, Fees, Pros & Cons OKEx brokers work by attracting users for their particular product which is based on the liquidity and market depth provided by OKEx. High-yield staking opportunities and the ability to earn at least 1% with dozens of coins. Feedback on support levels is mixed with some complaints online around slow response rates or failure to resolve problems. 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. 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. OKX might be a realistic choice for international cryptocurrency traders looking to buy and sell with low exchange charges. Most countries do not recognize Bitcoin as currency, instead defining it as virtual good. 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. These trading wallets include: 1 : Funding Wallet: Funding wallet allows you to transfer, deposit, and withdraw your funds. Country/RegionFiatCryptoFunding MethodsMargin Trading. 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. OKX Review 2023: A great crypto exchange for the avid trader - CryptoNewsZ Most information youll likely need to know is listed in a robust help center with details about using, updating, and maintaining your account. These provide better portfolio optimisation, lower trading fees, trade segregation for transparency purposes, and access to API services designed to carry out algorithmic trading. Following are the main areas of the Okex exchange review 2020 that we will discuss today: Lets review these points about Okex Exchange. With OKX, you can join one of the leading crypto exchanges by trading volume. In short, the trading platform is suitable for safe and secure cryptocurrency trading. We'll cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. Users can trade 300+ crypto coins and tokens on OKEx, with over 30+ fiat currencies supported. OKEx aims to cater both to novice and advanced cryptocurrency traders and investors. 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. 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. Guest Post by Kryptoskatt: Kryptoskatt Vs Zenledger - CoinMarketCap Customers reviews are mixed about their customer service. Of course, all transactions out of OKEx wallets entail the payment of blockchain transaction fees, which are non-dependent on the exchange. OKEx Exchange: Buy and Sell Bitcoin & other cryptocurrencies - Google Sites Investing is speculative. Secure platform for trading Cryptocurrency mining can bring in considerable profits, but it often entails expensive investments in powerful hardware, as well as electricity consumption costs. OKX is an international cryptocurrency exchange with low fees. Best Cryptocurrency Exchanges - Traders of Crypto 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. Okcoin was the first centralized exchange to offer . . The Bitcoin blockchain, as an underlying blockchain, can provide consensus solutions to other public blockchains, with Bitcoin itself as the fees for this service. Once logged in, users can customize layouts for various needs. Further, the charts are not intuitive to derive insights and can be difficult to use. Okex Review [2022] Things to Know Before Signing Up Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Afghanistan Wire. This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Some exchanges don't accept deposits and transactions from all locations in the world. Leah Hutton has recently joined Tokenhell team as a freelance writer. 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. DISCLAIMER 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.
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