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OKEx Review and Tutorial

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OKEx Facts & Figures

OKEx is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.

 

Awards

None

Bonus $10 in BTC
Instruments Spot, futures, perpetual swaps, options
Demo Account Yes
Min. Deposit 10 USDT
Pay Methods Bitcoin Payments, Credit Card, Google Pay, Mastercard, PayPal, Visa, Wire Transfer
Min. Trade Variable
Regulated By None
MetaTrader 4 No
MetaTrader 5 No
cTrader No
ECN Account No
DMA Account No
Mobile Apps Android & iOS
Auto Trading No
Social Trading No
Copy Trading No
Trade Signals No
Islamic Account No
Forex

None

GBPUSD Spread
EURUSD Spread
EURGBP Spread
Assets
Cryptocurrency

OKEx offers 400+ pairs and margin trading products on top coins like Bitcoin and Ripple.

 

Spread Variable
Coins BTC, XCH, ETH, OKB, OKT, LTC, DOT, ADA, DOGE, XRP, USDT, ICP, BCH, LINK, XLM, ETC, MATIC, THETA, UNI, TRX, EOS, FIL, XMR, NEO, USDC, AAVE, SHIB, LUNA, KSM, BSC, ATOM, IOTA, ALGO, XTZ, CRO, MKR, BTT, CEL, LEO, WBTC, WAVES, KLAY, DASH, XEM, COMP, SNX, ZEC, DCR, SUSHI, SOL, EGLD, DAI, BTG, ZEN, NANO, KISHU
Risk Warning – Your capital is at risk

OKEx is an online crypto trade that exchanges on a scope of advanced monetary forms, from Bitcoin (BTC) to Chia (XCH). The crypto agent has drawn more than 20 million worldwide customers with its spot and subsidiary items, close by its loaning and mining arrangements. Our audit splits down the sign-up, and login measure, withdrawal expenses, wallet alternatives, versatile applications, and that’s just the beginning. See if to open an OKEx exchanging account today.

What Is OKEx?

Established in 2017 and with a base camp in Seychelles, OKEx is a famous cryptographic money trade that influences blockchain innovation to offer customers a broad arrangement of exchanging items. Many tokens are offered to customers in more than 200 nations. 

The proprietor and CEO have stood out as truly newsworthy as exchanging volumes have flooded with $1.5 billion in BTC prospects going through the stage every day. The quantity of clients keen on its spot, edge, choices, never-ending trades, Defi, and mining administrations is additionally on the ascent. 

As of late, OKEx has rebranded from OkCoin, extended to Malta, and dispatched a crypto trade white name administration. Organization declarations likewise show the merchant is fostering its blockchain called OKChain.

Markets

OKEx offers OTC crypto-to-crypto exchanging expansion to fiat-to-crypto exchanging. 400+ tokens can be found on the stage, from notable names like Bitcoin and Ripple to rising coins like Chia and Dogecoin. 

Customers can likewise hypothesize on the computerized cash markets utilizing quarterly prospects, unending trades, and alternatives. For dealers keen on these elective items, the work examines valuable information in a simple to process design, with the most recent costs, ongoing volumes, in addition, to open interest data. 

The pool of items is continually developing, so head to the OKEx site for the most recent symbolic postings.

Platform

The crypto intermediary offers an issue-free web-open stage. When you have your login subtleties, you can open up the online location through the OKEx site. 

With a spotless interface and intuitive dashboards, customers can see crypto costs continuously, purchase and sell Bitcoin and other advanced resources in a couple of snaps, in addition, to set up live value change cautions on the coins they follow. The stage additionally allows you to think about symbolic costs across trades and examine volume information. 

For versatile brokers, an iOS and Android application can be downloaded from the necessary application store. Offering generally similar highlights as its work area partner, clients can make value forecasts and begin procuring with the dealer’s set-up of items. 

Client surveys of the stage are cheerful, featuring the unwavering quality and precise joining measure. The representative’s demo account is additionally accessible on the versatile application. 

Note, OKEx offers directions that disclose how to utilize and exchange on the stage when you register for a record.

Fees

OKEx stands apart for its low exchanging expenses. The trade offers the absolute most aggressive evaluation that we’ve seen. Expenses are layered dependent on your average 30-day exchanging volume. Common volume records will pay a 0.15% producer expense and a 0.2 taker charge. This can tumble to a 0.02% producer charge for dynamic dealers and a 0.05% taker expense. 

Expenses are refreshed day by day, and a straightforward evaluating outline can be found on the site so you can see precisely what you’ll pay across the specialist’s items and tokens, from USDT withdrawal, charges to authentic never-ending trade subsidizing rates.

Deposits & Withdrawals

OKEx accounts should be financed with computerized monetary standards – fiat cash stores are not acknowledged. Customers can buy cryptos utilizing a Mastercard or move tokens from an equipment wallet address or elective trade. Crypto moves by and large require only a couple of minutes 

Customers can browse a scope of installment alternatives with regards to purchasing computerized resources, including credit and check cards, bank moves, Google Pay, and PayPal. USD, GBP, and EUR, among different monetary standards, are upheld. 

While there are no store charges, clients should pay withdrawal expenses that shift contingent upon the crypto. The most minor and most extreme store and withdrawal restrict additionally change contingent upon the token – head to the agent’s site for a thorough rundown. 

OKEx likewise offers a My Wallet work where customers can oversee assets across their distinctive exchanging records and tokens. Directions on subsidizing rates, selling cryptos, and interior withdrawals can be found in the trade’s fledgling aides.

Leverage Review

OKEx offers edge exchanging with up to 1:20 influence, eminently more prominent than contenders. Influence levels can be changed when you pursue a record and loan costs are shown on the stage. 

While high influence rates will interest numerous merchants, crypto edge exchanging is hazardous so ensure you adopt a cautious strategy to chance administration.

Bonuses & Promos

OKEx offers a decision of welcome rewards and rewards. The most alluring promotion is the free Bitcoin giveaway. New customers can get $10 in BTC when they purchase/sell $100+ on the stage. Whenever you’ve enlisted for a record and downloaded the versatile application, you can likewise finish learning missions to win extra free BTC every day. 

Clients can get a 30 USDT refund card when they store $100+ and a 50 USDT discount when they exchange $100+ on the trade. Furthermore, existing customers can utilize their unique reference code to welcome new clients to the stage. Up to three prizes worth $10 in BTC are accessible for every individual alluded. Check the welcome agreements before you begin. 

At last, it merits watching out for the OKEx declarations page for subtleties of impending airdrops and new promotion codes.

Customer Support

Help is accessible through a phone number, live visit, an email-based ticket framework, in addition to web-based media channels. Shockingly, reaction times were delayed after testing. Support staff can assist with various issues, from bits of knowledge into new item updates and record upkeep to kick off mining rules and frozen value issues. 

Likewise, the trade and backing focus offers a blog that subtleties new coin postings and stage overhauls, just as API documentation and guides for novices.

How To Open An OKEx Account

OKEx offers 9 diverse live records relying upon your necessities. The sign-up measure for each is generally precise, with a basic enlistment structure on the specialist’s site. New customers should submit fundamental contact data and may have to demonstrate their character before they can begin purchasing and selling digital currencies. 

Utilize the table beneath to track down the correct record for you. 

Note, contact the client assistance group to erase your record. Additionally, occupants from the US are not acknowledged right now.

Pros Of OKEx

If you take OKEx versus contenders like Coinbase and Huobi, the trade hangs out in a few regions: 

  • The broad scope of crypto exchanging items, including prospects, choices, and ceaseless trades 
  • Free portable application or web-open work area stage 
  • Lightning network for quicker BTC installments 
  • Supports yield cultivating and pool marking 
  • 400+ driving and arising tokens 
  • Brought together record for combination 
  • Fiat to crypto converter 
  • Learning foundation 
  • Cutthroat expenses

Cons Of OKEx

Regardless of the advantages, the trade’s positioning tumbles down contrasted with any semblance of Binance in certain classes: 

  • Restricted administrative oversight 
  • Hit and miss client assistance audits

Security & Safety

As an actual cryptographic money trade, OKEx utilizes a complex security design. The organization employs conveyed worker bunches notwithstanding chilly stockpiling multi-signature wallets. 2FA using Google Authenticator can likewise be used to give an additional layer of safety for reserves. 

Before customers can pull out benefits, they may have to meet the trade’s different KYC character check levels. This is inevitably regular practice across crypto stages and is intended to lessen misrepresentation and illegal tax avoidance. 

Despite these safeguards, no crypto trade is protected, with reports of hacking issues and record passwords being circumvented. The organization has since brought out new security rules, yet we would, in any case, suggest an alert when putting resources into the crypto space.

Final Word On Trading With OKEX

OKEx is an all-around respected crypto trade offering exchanging prominent names like Bitcoin (BTC) just as arising tokens like Chia (XCH). The expert level exchanging stage and low trade expenses make it a decent alternative for new financial backers and dynamic brokers. Our survey would have jumped at the chance to see more vigorous administrative oversight, yet as the organization grows worldwide, this may change.

FAQ

Is OKEx A Safe Exchange?

While OKEx is a set-up crypto trade, the organization can’t ensure the security of assets. Likewise, there have been news reports that records have been hacked and reserves taken. The executives have since gotten new safety efforts; however, we generally suggest alert when putting resources into cryptos.

Is OKEx A Good Exchange?

OKEx is a well-known crypto trade and a genuine competitor with any semblance of Binance and Coinbase. It offers more than 400 exchanging sets and a large group of spot, edge, and different items. The representative has likewise been among the quick to list new crypto tokens like Chia.

Is OKEx A Wallet?

OKEx is a cryptographic money exchanging stage and resource trade that additionally offers a multi-cash wallet. The online wallet can be gotten to from PCs and cell phones and considers the clear stockpiling and move of crypto resources like Bitcoin.

Is OKEx Real Or Fake?

OKEx is an open cryptographic money trade with tasks in 200+ nations and office areas in the Seychelles and Malta. While not authorized with a striking controller, the organization has more than 20 million clients on its books.

Does OKEx Offer Bitcoin Trading?

Indeed, OKEx offers spot and edge exchanging on Bitcoin. Customers can likewise purchase and sell BTC utilizing other cryptos with low charges and secure wallets. Pursue a record in no time flat to begin buying and selling Bitcoin.

Accepted Countries

OKEx acknowledges brokers from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most nations. 

Merchants can not utilize OKEx from Hong Kong, Cuba, Iran, Korea, Sudan, Malaysia, United States, Puerto Rico, Samoa, Guam, Northern Mariana Islands, Virgin Islands, U.S., Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Malta.

Alternatives to OKEx

In case you are searching for options in contrast to OKEx, we have ordered a rundown of the leading 5 specialists that are like OKEx beneath. This rundown of specialists like OKEx is arranged by comparability and incorporates organizations that acknowledge dealers from your area. 

  1. Bitfinex – Bitfinex is among the best crypto trades for experienced brokers with a free portable exchanging application and low charges. 
  2. Kraken – Kraken is the top crypto exchanging trade offering the most significant altcoins by market cap. 
  3. Binance – Binance is one of the leading online crypto trades offering Bitcoin. 
  4. Gemini – Gemini is the leading crypto exchanging trade with low expenses and an extensive rundown of altcoins. 
  5. BitMex – Bit Mex Offer the most significant market liquidity of any Crypto trade. Ultra-low exchanging expenses and least store necessities. Participate in 30 seconds.
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