They dont take users from the United States due to regulatory and compliance concerns. Youll also have opportunities to earn cryptocurrency and withdraw or send it to an outside wallet. The platforms deposit screen will open up, and on this page, you can choose the type of cryptocurrency youd like to deposit to your account. Heres a look at how it compares to another popular exchange, Coinbase. The exchange supports well over a hundred cryptocurrencies and tokens with the regular addition of new options. OKEx aims to cater both to novice and advanced cryptocurrency traders and investors. OKExs loan product allows traders to quickly obtain crypto-backed loans from the platforms other users. The important digital coins are ETH, BTC, LTC, EOS, ETC, TRX, BCH, XRP, TRUE, ABT, MITH, HSR, BTM, IOST, and AUTO. Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! This page may not include all available products, all companies or all services. A cryptocurrency and trading writer and investor, Patrick specialises in algorithmic trading. A recent addition to the exchanges suite of additional functionalities has been the addition of algorithmic trading tools. 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. 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. Global world-leading companies like Samsung, BlackRock, Morgan Stanley, and Alphabet have invested in blockchain and crypto. 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. OKX was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. 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. There are 343 currencies on the exchange total. The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States. Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta. We'll cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. It was founded by Star Xu () in 2017. OKX (previously OKEx) is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology. 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. 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. Margin trading on OKEx is self-explanatory and easy to use. The hot wallet offers security of private key storage through semi-offline storage and signature services. Either way, the creation of sub accounts is easy, as highlighted in the official guide. 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. Yes. 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. 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. 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. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes. 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. Bank withdrawal Supported: Yes: Withdraw fees: Depends on cryptocurrencies: . Customers reviews are mixed about their customer service. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. This is essentially a fast buy option of 6 mainstream crypto coins - Bitcoin (BTC), Ethereum (ETH), USDT, Ripple (XRP), Litecoin (LTC), and OKB with 30 fiat currencies. c_display_preferences.zone = "6005dff5b02d413891"; OKEx Exchange review - SUPPORTED COUNTRIES. We also reference original research from other reputable publishers where appropriate. Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. Next, you will have to enter a 6 digit code that was sent to your email or mobile phone. 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. The exchange was initially started by Star Xu in the year 2014. This means transactions can neither be reversed nor tampered with. A leverage ratio, also known as margin trading, is a tool that allows you to open positions with more capital than initially deposited. The state of New York has introduced BitLicense for the exclusive regulation of Bitcoin. OKX Supported Countries. If you find any discrepancies or false information about projects, infringement of copyrights or scam, please write us. 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. Buy BCH. [5] OKX - Wikipedia Pros 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. 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. Is Binance available worldwide? Alternatives For 2023 We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels. For spot trading, a tier-1 regular user with an OKB holding below 500 can expect to pay a maker fee of 0.08% and a taker fee of 0.1%. 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. A charting package, developed by parent company and sister exchange OKCoin, is also a major feature and will be appreciated by anyone with trading experience. With support for 36 cryptos, multiple direct integrations with the trading app, and a vault service, the OKEx wallet has attracted tons of users. 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. Due to their price volatility, margin trading is generally limited to 20:1 in cryptocurrencies markets. OKX may be a good choice for global cryptocurrency traders looking to buy and sell with low exchange fees. CRYPTOTOTEM. 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. One big downside of OKX is that it doesnt disclose fees for deposits and withdrawals. OKExs trading interface comes along with all tools needed to make smart and profitable futures trades. Best Cryptocurrency Exchanges - Traders of Crypto Tokenhell is a blockchain & crypto news agency where you can discover news about crypto coins, technical analysis, blockchain events and detailed reviews. Your email address will not be published. 2 : Trading Wallet: This wallet is for different trades. While much of OKX is transparent, hidden cost details are a red flag that may send you to another exchange with transparent fee schedules. How OKX Compares to Other Cryptocurrency Companies, Securities Investor Protection Corp. (SIPC). Next, copy the wallet address into the digital wallet you own and transfer the cryptocurrencies. There are multiple revenue streams accessible by simply owning cryptocurrency, including yield farming, staking, or lending interest. OKEx Review 2023 - Crypto Exchange Reviews - Crypto Head While the latter supports market data, the first one provides trading, withdrawals, and market data. Users can deposit and withdraw funds whenever they want. We strive to achieve something that changes the world and never stop to innovate and improve on our customer experience. The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. To access all the trading features OKX offers, youll need to complete its KYC (know your customer) requirements. So, users should feel free to think about the exchange. Coinbase is available to users in over 100 countries, including the U.S. OKX supports 343 currencies, while Coinbase supports just 160. Albania Wire. As mentioned, there are different types of trading options available including a spot, margin, futures, options, DEX, and perpetual swap. Offers large trading volumes You can learn more about the standards we follow in producing accurate, unbiased content in our, Cryptocurrency Software Wallet Methodology. While the web browser version is potentially a good option for you if you are not an active trader, you may be more comfortable using the OKEx desktop or mobile app for regular use. OKX is . 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. 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. A Level One KYC-verified account requires entering basic information, including a government identification number. Theres also a phone number listed on the OKX website. 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. For example, you can deposit Etherem to an Ethereum address. 4. The important digital coins are. The exchange discusses the main benefits of its brokerage program, and these include high commissions, product performance boosts, and 24/7 support. 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. Note that the content on this site should not be considered investment advice. OKX Help Center | Customer service and helpdesk | OKX The OKEx wallet makes it easy for cryptocurrency owners to store, send, receive, and manage their digital assets. High-yield staking opportunities and the ability to earn at least 1% with dozens of coins. By this point, it is common knowledge that many cryptocurrencies have their very own blockchains which they are exclusive to. 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. OKB also opens up additional revenue streams in the form of passive income, via the OKEx Earn product. At this point in time, holders can purchase technical services, financial services, and utility services. 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. Our conclusion, the OKEx mobile stock trading apps is an all-in-one trading platform for cryptocurrency trading. OKEx Review : OKEx Pros & Coins & Is Safe or Not? - The Money Mongers On top of that, the app is extremely easy to use and its user interface works for both beginner and more professional investors. 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 product markets itself as safe, stable, open, flexible, global and reliable. The main trading options on the platform are: Fees are imposed on users on the basis of the trading option they choose. Secure platform for trading 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. 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. For now, unfortunately, Chinese Yuan is the only fiat currency supported. The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. 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. According to OKEx, their daily trade volumes are more than $1.5 billion, and the platform has millions of loyal users in over 100 countries. Investing is speculative. 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. 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. The advanced platform is useful when margin trading or any other advanced strategy. This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. However, due to some inconsistencies, unclear information, and past customer experiences, its a good idea to proceed with caution. Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review. OKX is an innovative cryptocurrency exchange with advanced financial services. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Today, the CEO of OKEx is Jay Hao, who was previously involved in the semiconductor industry. OKex offers customer support through a phone line as well as an email-based ticketing system and several messaging apps and social media channels. However, the best practices for keeping your financial accounts secure are similar. Your email address will not be published. The OKEx active trading platform has multiple layouts to choose from and the option to build customized layouts. View our terms of service for the full details. We provide the latest trading services for hundreds of diverse crypto assets. Rock bottom trading fees is a major strength of OKex and the exchange boasts among the lowest in the cryptocurrencies market. 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 is one of the few crypto exchanges on the market to offer not only a mobile app, but a desktop app as well (rather than only offering a browser version on desktop). 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. Heres a glance at the top currencies traded on OKX by volume: OKX supports a large number of the most popular currencies. OKX Exchange Review - Is It Legit? (2022 Updated) - 99 Bitcoins Okex Exchange Review- Features, Fees, Is It A Safe Exchange? 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. This website uses cookies for functionality, analytics and advertising purposes as described in our Privacy Policy. The platform enables retail and institutional investors to purchase digital assets using local currencies, with a mission to make crypto easy for everyone, including first-time buyers. Daniel is a digital currency expert, freelance writer, and jurist. No deposit fees First, it is difficult to find market news and analysis., which means youll have to find a third-party tool that offers instant market updates. OKEx offers crypto trading services to more than 100 countries around the world. Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta, Indonesia, United Kingdom, Lebanon, Mexico, Libya, Sweden, and others. The 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. If youre looking to manage your cryptocurrency activity with one login, OKX could meet your needs. OKX is a top crypto exchange trusted by millions of users. If youve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX. OKEx exchange | OKEx Review | OKEx Fee | OKEx trading- Coinpedia OKEx is a digital asset exchange that provides advanced financial services to traders globally by using blockchain technology. The basic forms to buy and convert cryptocurrency are simple and intuitive. The overall attitude of regulatory bodies is now changing from a neutral view to a positive one. Bitcoin is a virtual currency on the internet. Okcoin was the first centralized exchange to offer . OKEx Review 2021: How To Use Exchange | Fees, API & Cryptos OKEx has recently finalised the OKT initial minting and distribution token event, but it has sold many other tokens, including MXT, FLM, RIO, ZYRO, and more. Of course, all transactions out of OKEx wallets entail the payment of blockchain transaction fees, which are non-dependent on the exchange. No. OKEx was founded in 2017 with headquarters in Malta and the Republic of Seychelles. You can filter exchanges by country using our search tools. When engaging in margin trading, users increase their exposure to cryptocurrency volatility without having to purchase too much crypto out of their own pockets. If youre in an area that works with OKX, you can create an account that gives you access to trade 343 spot currencies. The OKB utility token is one of OKExs native tokens, providing holders with significant benefits when using the platform. These include using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds. Low trading and financing fees 5. In comparison to other cryptocurrency exchanges, the OKEx platform is quite advanced, allowing users to trade with different types of orders.
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