Okex exchange is providing with the advanced security options like 2-factor authentication, anti-pushing codes for every email by the Okex exchange and also mobile verification codes for withdrawals. Generally, it would appear that the exchange is quite inflexible in its systems and approach but users who understand this and act accordingly report few problems. 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. The governor of the Indian central bank Raghuram Rajan said that before we have a consensus on the potential of Bitcoin, we should study it in-depth instead of act too forcibly. Most information youll likely need to know is listed in a robust help center with details about using, updating, and maintaining your account. Moreover, institutional investment in cryptocurrencies is growing, a testament to the potential and future of digital currencies. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. Users mostly face scams issues on many platforms. OKEx perpetual traders will find an immersive interface that contains all necessary tools. A level one verification grants access to most portions of the OKEx site with a transaction limit of $2,000, and it requires only a nationality, username, and ID number. At this point in time, holders can purchase technical services, financial services, and utility services. For example, you can deposit Etherem to an Ethereum address. Some of the cons, however, include no service to US-based customers and the lack of a demo trading account. Without a cross-chain gateway, USDT operating on the Ethereum blockchain cannot be transferred to the Tron blockchain, for instance. By this point, it is common knowledge that many cryptocurrencies have their very own blockchains which they are exclusive to. 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. Once your account has been verified and you have completed the deposit process, the funds will be automatically added to your trading account. Okex fee structure is given below: Trading fee: maker fee varies from 0.02-0.15% while taker fee vary from 0.05-0.2%, If you want to see the whole structure of trading fees of the Okex exchange, you can visit this link: https://www.okex.com/pages/products/fees.html. Tokens can be seamlessly listed and integrated on the chain without seeking approval in a centralised fashion. Like any other crypto exchange, OKEx charges a margin interest rate as soon as tokens are borrowed. Angola Wire. 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. In October 2017, a number of OKex account holders complained that their accounts had been hacked and cryptocurrency holdings were stolen. If you open an OKEx account, complete KYC verification, and trade $100 on your first order, you get up to a sign-up bonus. Clickout Media Ltd AA PH, Camilleri Buildings, Oratory Street, Naxxar, NXR 2504 Malta, Company No. For Level Three, youll have to agree to a disclaimer. OKEx mining pools: Join safe, . The OKex exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. In comparison to other cryptocurrency exchanges, the OKEx platform is quite advanced, allowing users to trade with different types of orders. These methods are: The exchange offers different types of trading options on the platform. 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. There are 343 currencies on the exchange total. As mentioned, there are different types of trading options available including a spot, margin, futures, options, DEX, and perpetual swap. OKEx conducts regular burns using 30% of the income obtained via the OKEx spot trading fees. Trading ideas, cryptocurrency fundamentals, and other technical knowledge is also readily available. Thus, the app serves as an all-inclusive interface that allows both asset storage and trading. Users can deposit and withdraw funds whenever they want. - The promotion starts on April 7 and ends on May 6 at 11:59pm (UTC+8). 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. [2] OKX is owned by OK Group, which also owns crypto exchange Okcoin. The United States itself has included Bitcoin into the traditional financial regulatory system, with Bitcoin companies being required to apply for MTLs (Money Transmitting Licenses). With OKX, you can join one of the leading crypto exchanges by trading volume. Level Two requires uploading a picture of their ID and a selfie through partner Netverify. There is no danger of scams and hacking activities due to its high-quality security system. 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. More so, up to 100x leverage is supported for futures trading. Okex Accepted Countries. The token security is based on the core private key encryption algorithm, and the cold and hot wallet technology developed by OKExs team, is based on the most advanced privacy encryption technology in the industry. While cryptocurrency exchange regulations are still in their infancy, OKEx efforts to get a regulatory framework in Malta and in other parts of the world. 1. Those looking to integrate the OKEx API within their own trading products and services can learn more on the API page. High-yield staking opportunities and the ability to earn at least 1% with dozens of coins. While the exchange supports the trade of 146 cryptocurrencies on the platform. The fees charged on the platform vary based on the investors trading volume. For further details, Users can also visit the official email of the exchange: Trading interface is very simple and straightforward. OKX is available to users in over 200 countries, but it's not available in the United States. You can learn more about the standards we follow in producing accurate, unbiased content in our, Cryptocurrency Software Wallet Methodology. Okex crypto exchange is the worlds leading cryptocurrency exchange platform for selling, buying and trading digital assets. A huge selection of digital assets coins 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. The basic forms to buy and convert cryptocurrency are simple and intuitive. Bitcoin is a virtual good and is similar in many ways to more traditional investments. The exchange was initially started by Star Xu in the year 2014. Read full terms and conditions / disclaimer. Safety is assured through blockchain immutability and transparency. There are multiple revenue streams accessible by simply owning cryptocurrency, including yield farming, staking, or lending interest. Crypto will re-shape our money, our financial system, our internet, and our society, and ultimately contribute to every individual's freedom and dignity. Spot and derivative trading The important digital coins are ETH, BTC, LTC, EOS, ETC, TRX, BCH, XRP, TRUE, ABT, MITH, HSR, BTM, IOST, and AUTO. According to CoinMarketCap, OKX is the 18th largest cryptocurrency exchange in the world by volume. This process includes uploading your passport and recording a verification video according to the instructions provided by OKEx. She has comprehensive knowledge of blockchain and various cryptocurrencies. c_display_preferences.zone = "6005dff5b02d413891"; 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 is an international cryptocurrency exchange with low fees. You may quickly purchase cryptocurrency with an Okex exchange account using a card, bank account, or mobile wallet. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. 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. 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. Customers reviews are mixed about their customer service. Secure platform for trading Your email address will not be published. Founded in 2013, Okcoin is a US-headquartered cryptocurrency exchange serving 190+ countries and territories. Supporting more than 100 digital assets Roughly 30 digital currencies can be purchased directly via USD, EUR, GBP, KRW, JPY, RUB, TRY, USH, and more. 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. The main trading options on the platform are: Fees are imposed on users on the basis of the trading option they choose. The crypto exchange is currently supporting two fiat currencies which are USD and CNY. Read Terms and Conditions for more info. OKX offers low fees, but it's not available to U.S. investors. At this point in time, OKEx classes as one of the worlds largest exchanges by features and trading volume, a title it has rapidly gained since its establishment in 2013. OKX is a top-20 cryptocurrency exchange worldwide with support for a large number of coins. Further, the charts are not intuitive to derive insights and can be difficult to use. For now, unfortunately, Chinese Yuan is the only fiat currency supported. All burns are conducted transparently, and announced whenever they occur. 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. The listings that appear on this page are from companies from which this website and Bankrate may receive compensation, which may impact how, where and in what order products appear. Coinbase is available to users in over 100 countries, including the U.S. OKX supports 343 currencies, while Coinbase supports just 160. Next, you will have to enter a 6 digit code that was sent to your email or mobile phone. Speaking of the OKEx API, access is easily obtained with the REST and WebSocket APIs. Yes, OKEx offers the OK Vault multi-currency wallet that allows users to store mainstream and ERC20 tokens. The exchange attributed this to the failure of the account holders themselves to secure their accounts and having made passwords and logins accessible. Leah Hutton has recently joined Tokenhell team as a freelance writer. 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. Okex is a well-developed cryptocurrency exchange with its significant features. OKX breaks currencies down into different pricing tiers that vary based on trade volume and account holdings. With these security features, scams can not touch the platform. The exchange has brilliant records so far in the crypto world and has proved its worth as a secure and advanced platform for trading. However, some assets are made interoperable, thereby living on a number of different blockchains. 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. OKX is not able to serve customers in the United States. Due to their price volatility, margin trading is generally limited to 20:1 in cryptocurrencies markets. You should note, however, that transfers with fiat currencies is available on the One-stop Marketplace feature and enables users to buy only 6 mainstream coins Bitcoin (BTC), Ethereum (ETH), USDT, Ripple (XRP), Litecoin (LTC), and OKB. Overall, the exchanges user interface is very friendly and interactive, particularly when compared to other exchanges such as Binance. OKEx exchange is owned together with OKCoin cryptocurrency exchange by OK Group and has 1000+ employees. OKX uses industry-standard security practices, including cold storage for most customer assets. The app is available for both Android and iOS powered devices. 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. . Next, copy the wallet address into the digital wallet you own and transfer the cryptocurrencies. Ensure youre using the best security features OKX offers to keep your account and funds as secure as possible. If theres a coin youre looking for, theres a good chance youll find it at OKX. The OKB utility token is one of OKExs native tokens, providing holders with significant benefits when using the platform. On this platform, you can deposit funds with crypto coins you own or with fiat currency payment methods. The OKEx active trading platform has multiple layouts to choose from and the option to build customized layouts. Apart from facilitating instant trading between popular trading pairs, OKEx exchange also provides margin trading, futures trading, DEX trading, perpetuals trading, and options trading. All in all, here are deposit and withdrawal payment methods provided by OKEx: The minimum amount required to open an account and start trading is 10 USDT or any other cryptocurrencies with an equivalent amount. Your email address will not be published. OKEx exchange is a cryptocurrency exchange based in Seychelles. This website uses cookies for functionality, analytics and advertising purposes as described in our Privacy Policy.
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