OKX offers a big selection of tradeable assets and makes it possible to get exposure to both spot and derivatives trading. In fact, there are over 350 digital tokens on the platform and a whopping 500+ BTC and USDT trading pairs. This includes the platform’s native utility token OKB – issued by the Blockchain Foundation – which is used for various trading bonuses and perks on the platform. It’s one of the cheapest crypto exchanges out there – which is a big deal as fees can seriously add up and affect your profit when trading.
A combination of cold wallets, addresses and backup codes are being used. The customer support is 24/7 available to all traders of the platform. Normal users are tiered based on the amount of the amount of OKB they hold while VIP users are tiered based on their trading volume. Investing and trading in cryptocurrencies has been increased many folds in recent years. We deeply regret any inconvenience you’ve experienced with our platforms. Please be assured that our Support Team is here to provide further assistance.
OKX Earn
There’s a huge range of coins to trade, with new coins added all the time, and there’s advanced trading tools and features if you want them, this is optional of course. Popular examples are of course buying NFTs but other popular Dapps are https://www.tokenexus.com/ ‘decentralised exchanges’, where you can swap cryptocurrencies directly on a blockchain (so no middleman). So, you’ll basically pay less in fees the more you trade and the more money you have, which is pretty standard across all exchanges.
OKX allows users to take advantage of creating additional revenue streams via its “Earn” suite of products and services. The exchange features DeFi-oriented features, like token staking and providing liquidity to lending pools. For users that are more risk-averse, OKX offers savings products-including stablecoin, Bitcoin, and other coins-in flexible and fixed variety.
OKX Trading Fees
You can transfer cryptocurrencies from another exchange or wallet; it just adds another step. OKX offers advanced financial services as well as excellent primers for anyone new to crypto. It boasts an impressive list of services that include flexible borrowing and ways to earn interest on staked tokens. OKX provides simple and complex trading tools and, if you’re interested, an on-ramp into proof-of-work crypto mining and DeFi liquidity mining.
However, during our testing, we found it challenging to use the provided drawing tools accurately, as the buttons to pivot our lines were often unresponsive. Placing orders will feel familiar to those with experience using other exchanges that use the standard order-book interface. OKX offers six order types enabling traders to enter and exit positions precisely.
OKX (formerly OKEx)
However, if you can’t find the answer you’re looking for, you can submit an online support request, open a live chat window or email the company. A maker fee is the fee charged when you propose an order for other traders okex review to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately. Because of the simplicity of the design, seeing these tabs do not feel overwhelming.
- The platform enables one-click fiat-to-crypto transactions, spot trading and derivatives and margin trading.
- Unverified accounts have a daily withdrawal limit of 10 BTC.
- Users like OKX because of its many features and reasonable costs.
- In spot crypto trading, they offer more than 150 coins that when combined with the various currency pairing made available total more than 450.
- This review section will compare OKX to some of the top ones.
- The embarkation on a journey with OKX is akin to entering an ever-expanding universe of financial opportunity within the crypto space.
- OKX has a rating of 4.2 stars from 125 reviews, indicating that most customers are generally satisfied with their purchases.
We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions.
OKX Review Conclusion
The trading interface of the platform definitely has all the options needed for trading, however, it can be a bit overwhelming for complete beginners as there are a lot of advanced options offered. Furthermore, OKX boasts highly competitive spot trading fees that outshine exchanges like Binance and Bybit. Unfortunately, however, OKX’s customer support team is slow to respond, and the platform is unavailable in the US, meaning it’s less accessible than its competitors. As such, OKX is best suited to internal investors looking for a low-fee trading platform.
OKX is an excellent all-around exchange with features that appeal to everyone. Throughout our OKX review, we’ll take a detailed look at the exchange, discussing its features, fees, ease of use, and overall performance. The information provided on this page is for educational purposes only and is not intended as investment advice, an endorsement of a cryptocurrency, or a recommendation to trade or use any services.
OKEx Review: Is OKEx Exchange Safe? Futures Trading & More
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website. Before you can even get started trading on OKX, you have to go through the rigorous verification process (which usually involves proof of identification). The reason for this is OKX’s commitment to certifications, and compliance with regulations and insurers. Other than email and login, OKX provides a multitude of security layers on the platform.
