Suggestions that security levels of the exchange itself were insufficient were refuted and new guidelines on account and wallet security issued to clients. For those unaware, USDT is a digital token that was designed to have a 1:1 exchange rate with the Us dollar. OKex is a well-backed exchange with significant global ambitions. 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. 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 virtual good and is similar in many ways to more traditional investments. Without a cross-chain gateway, USDT operating on the Ethereum blockchain cannot be transferred to the Tron blockchain, for instance. This review serves the purpose of covering and evaluating everything there is to know about the OKEx digital assets exchange. Based on everything that has been highlighted so far, OKEx has established itself as an all-inclusive cryptocurrency exchange, providing an array of services suited for digital asset enthusiasts worldwide. Our conclusion, the OKEx mobile stock trading apps is an all-in-one trading platform for cryptocurrency trading. For most digital assets, OKEx does not charge withdrawal fees. OKEx Review : OKEx Pros & Coins & Is Safe or Not? - The Money Mongers If you are considering opening an account with OKEx exchange, be sure this read this guide first. While OKEx is a centralised exchange by definition, it has also launched decentralized trading through swaps. This may impact how, where and which products / companies / services we review and write about. Dollars or other fiat currencies. This works the same as a simple market trade on the active trading platform, but with an easier-to-understand form and interface. Either way, the creation of sub accounts is easy, as highlighted in the official guide. Best Cryptocurrency Exchanges - Traders of Crypto Trading platform is much beneficial for professionals only and not for the beginner. OKEx supports a mobile application that is easily downloadable on Apple Store and Google Play and is very user friendly. Okex cryptocurrency exchange is considered as the most trusted digital assets exchange and the global leader of the blockchain technology. Most information youll likely need to know is listed in a robust help center with details about using, updating, and maintaining your account. OKEx aggregates a series of earning opportunities within its earn product. Their trading platform lets you trade a wide variety of cryptocurrencies, across both spot and derivative markets. Youll get started by registering an account using your personal contact information. In a move that mirrors that of other major Chinese exchanges such as Binance and Huobi Pro, OKex also launched their own utility token cryptocurrency in early 2018. OKX uses industry-standard security practices, including cold storage for most customer assets. 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. We also considered if the exchange is regulated by a proper agency or entirely decentralized. It has some attributes of traditional currencies and some attributes of traditional payments systems in certain internet communities. OKX Help Center | Customer service and helpdesk | OKX If you are considering opening an account with OKEx exchange, be sure this read this guide first. Gate.io Review - Accepted Countries, Payment Methods, Coins & User Reviews With support for 36 cryptos, multiple direct integrations with the trading app, and a vault service, the OKEx wallet has attracted tons of users. 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. The overall attitude of regulatory bodies is now changing from a neutral view to a positive one. Is Binance available worldwide? Alternatives For 2023 On the OKEx academy, youll find lots of tutorials on a wide variety of topics suited for beginners and experienced investors. What is OKEx Exchange? The Bitcoin blockchain, as an underlying blockchain, can provide consensus solutions to other public blockchains, with Bitcoin itself as the fees for this service. View our terms of service for the full details. 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. OKEx presents itself as a global digital assets exchange that gives traders advanced financial services using blockchain technology. OKX is a cryptocurrency company offering a crypto exchange and a suite of additional services. Okex exchange accepts users from more than 100 countries all over the world. Founded in 2013, Okcoin is a US-headquartered cryptocurrency exchange serving 190+ countries and territories. Users mostly face scams issues on many platforms. Okcoin trade volume and market listings | CoinMarketCap For example, if the Bitcoin trader has achieved a spot trading volume greater than 500 BTC, the market taker fee reduces to 0.135%. This includes OKB, which is a utility token issued by OK Blockchain Foundation and can be used for an array of purposes on the OKEx trading platform. DISCLAIMER [5] Funds must then be transferred from spot wallets to margin wallets. The trading platform provides more facilities to professional users as compared to the other exchanges. Supporting only two fiat currencies. 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. 1. The exchange discusses the main benefits of its brokerage program, and these include high commissions, product performance boosts, and 24/7 support. Trading cryptocurrencies allows you to enter the world of decentralized finance and participate in a frontier technology rapidly gaining popularity. There are multiple revenue streams accessible by simply owning cryptocurrency, including yield farming, staking, or lending interest. 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. All information is taken from the public sources. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes. One big downside of OKX is that it doesnt disclose fees for deposits and withdrawals. When engaging in margin trading, users increase their exposure to cryptocurrency volatility without having to purchase too much crypto out of their own pockets. Mining pools allow investors to pool their assets together in order to rent server space, thats then used to mine a series of supported cryptocurrencies. OKEx exchange comes along with a simple, but advanced trading view. Okcoin (OKEx) Exchange Review - Safe or Scam Exchange? 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. 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. OKX could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities. To do that, click on the Buy/Sell button on the top menu. Offers large trading volumes 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. And it involves accounts of C2C, spot and margin trades. According to CoinMarketCap, OKX is the 18th largest cryptocurrency exchange in the world by volume. This drops as low as 0.02% and 0.05% for makers and takers fees respectively. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. 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. 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 . With military-grade security, unparalleled liquidity, quick order matching, and numerous other benefits, its no wonder that OKEx reports billions of dollars worth of trading volume. 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). In this case, users can choose to add liquidity to a pool, which rewards them a percentage of the transaction fees incurred. The exchange was initially started by Star Xu in the year 2014. This is good for people new to cryptocurrency looking to buy their first Bitcoin, Ethereum, or any other supported currency. Cryptocurrency transactions are generally one-way and cant be reversed, so always double-check transaction details before proceeding. Required fields are marked *. The daily volume of BTC futures trade on the Okex exchange is $1.5B. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Trading interface is very simple and straightforward. 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. Followings are some of the advantages and disadvantages of the exchange. The company, whose operations are based out of Hong Kong, has some significant backing. The 24/7 service is available for the customers. We decided to test it to find out whether you can manage your account from the mobile app and what are the supported features. Cryptocurrency exchanges have some unique security concerns you dont typically face with traditional banking platforms. Widely present: OKEx is available in 200+ countries, with more than 20 million users. With over 300 cryptocurrencies supported, theres not enough room to list them all in our OKX review. OKX is an innovative cryptocurrency exchange with advanced financial services. The simple form to buy crypto using a card, bank account, or digital wallet. OKEx offers crypto trading services to more than 100 countries around the world. Most of your OKX account needs will be self-serviceplan to handle your trading and account updates yourself. Okcoin was the first centralized exchange to offer . Learn more. Many European countries have also been adopting positive attitudes towards Bitcoin. 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. With OKX, you can join one of the leading crypto exchanges by trading volume. Youll also have opportunities to earn cryptocurrency and withdraw or send it to an outside wallet. Because of this, the Bitcoin blockchain may become the infrastructure on which all other blockchain applications are built in the future. 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 Level Three, youll have to agree to a disclaimer. Whether you are an advanced active trader or a one-time investor, you will find a solution on this platform. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. 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. 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. 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. As expected, the token is necessary to pay the fees associated with all transactions carried out on this blockchain network. 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. 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. 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. OKEx was founded in 2017 with headquarters in Malta and the Republic of Seychelles. Neither Bankrate nor this website endorses or recommends any companies or products. OKB also opens up additional revenue streams in the form of passive income, via the OKEx Earn product. These are C2C loans that are facilitated through OKExs matching engine. The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. Crimea, Syria, Ecuador, Bolivia, The USA and its . The highest trading fees payable for low volume accounts are a 0.15% maker fee and 0.2% taker fee. Your email address will not be published. Supported fiat: 90+ Withdraw options: ERC-20, TRC-20, BEP-2, and BEP-20. 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. Eric Rosenberg is a finance, travel, and technology writer. We strive to achieve something that changes the world and never stop to innovate and improve on our customer experience. OKEx exchange offers free deposits and low withdrawal fees. OKX may be a good choice for global cryptocurrency traders looking to buy and sell with low exchange fees. 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. OKX breaks currencies down into different pricing tiers that vary based on trade volume and account holdings. These trading wallets include: 1 : Funding Wallet: Funding wallet allows you to transfer, deposit, and withdraw your funds. [2] OKX is owned by OK Group, which also owns crypto exchange Okcoin. 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. Advanced traders will likely prefer the active trading platform with support for market, limit, and stop orders; advanced conditional trades; the open order book for supported currencies on the OKX exchange; and flexible market charts. None of the information you read on Tokenhell should be regarded as investment advice. Albania Wire. 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. Further, the charts are not intuitive to derive insights and can be difficult to use. Terms & Conditions for Ethereum Shanghai upgrade with exclusive airdrop. OKX is a top crypto exchange trusted by millions of users. 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. The exchange attributed this to the failure of the account holders themselves to secure their accounts and having made passwords and logins accessible. Simply click the link below to register an account today! OKX Restricted Countries The project is supported in over 200 countries. Read full terms and conditions / disclaimer. Accepts fiat currency deposits The crypto earn feature has become incredibly popular as of lately, especially in the decentralized finance space. 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. 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 Web3 Wallet - Crypto Wallet NFT World DApp Access Of course, this extra bitcoin doesnt amount up to huge rewards, but it does provide an incentive to learn more about the cryptocurrency market. As such, OKT token holders obtain voting rights on team and community proposals, as well as staking privileges.
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