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. 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. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. . 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. Those looking to build their very own cryptocurrency exchange might want to leverage the OKEx Cloud, an incredibly easy means of accessing the platforms world-class technology. c_display_preferences.width = "250"; Proprietary utility tokens appear to be the latest trend for cryptocurrency exchanges, a pattern sparked by Binances ICO rocketing the exchange into the biggest internationally within a month of its launch. Keychain Cryptocurrencys Wallet And Password Stolen, Atomic Malware Fingered, US Slams North Korean Banker With Double Indictment Over Crypto Laundering. Customers reviews are mixed about their customer service. It is a Malta-based cryptocurrency. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes. All information is taken from the public sources. Once your OKEx account has been verified, navigate to the Assets button and click on the Deposit. 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. However, these countries also have other options than OKX (Previously OKEx). So, users should feel free to think about the exchange. Crypto exchange offers users with Bitcoin and Litecoin futures and also high trade volumes. Okcoin trade volume and market listings | CoinMarketCap 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). var c_display_preferences = {}; With over 300 cryptocurrencies supported, theres not enough room to list them all in our OKX review. Extensive range of pro trading options such as futures, Extensive range of over 100 cryptocurrencies supported, Chinese market focus though should change with international expansion ambitions. The site claims over 20 million users in more than 100 countries. To create an account on OKEx, simply click on the sign-up button located on the upper-right corner of the screen, and proceed to enter your email and password. 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. OKEx provides a mining pool which is a shared group of cryptocurrency miners who combine their computational resources over a network in order to mine digital assets. Enjoy hundreds of tokens and trading pairs. coinzilla_display.push(c_display_preferences); 2017-2023. 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 trading fees for market takers charged by OKEx are a maximum of 0.15% for spot trading, which is below the industry average of around 0.25%. Funds must then be transferred from spot wallets to margin wallets. OKEx Review - Platform Features, Fees, Pros & Cons OKX Supported Countries. High-volume traders and those with a large holding in the OKB currency may qualify for discounts. Although not every pool is currently being used, there are quite a few people mining BTC, ETH, LTC, and XMR. OKEx Review (OKX) For Australians In 2023 | CoinCryption 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 ( Chinese: ), formerly known as OKEx, is a Seychelles -based cryptocurrency exchange and derivatives exchange. When employing the staking or storage capabilities, it can occasionally produce very large yields. Speaking of the OKEx API, access is easily obtained with the REST and WebSocket APIs. The app is available for both Android and iOS powered devices. Because of this, the Bitcoin blockchain may become the infrastructure on which all other blockchain applications are built in the future. A huge selection of digital assets coins It has a wide range of payment options available, including Google. If youre comfortable with online financial products and follow security best practices, youll likely have a positive experience with OKX. Negative reviews mention poor customer service, lost funds, and slow withdrawals. Throughout the years of operation, OKEx has managed to raise capital from leading venture capitals and investment companies including VenturesLab, Ceyuan Ventures, Longling Capital, Qianhe Capital Management, eLong Inc. etc. Bitcoin is a peer-to-peer payment method and has the potential of challenging Visas market dominance. Once logged in, users can customize layouts for various needs. 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 RIGHTS RESERVED. These include white papers, government data, original reporting, and interviews with industry experts. The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. The crypto earn feature has become incredibly popular as of lately, especially in the decentralized finance space. Of course, OKB can also be used as a means of payment. OKX is available to users in over 200 countries, but its not available in the United States. OKEx supports many of the markets best known digital currencies, including but not limited to BTC, ETH, XRP, USDT, BCH, DOT, LINK, ADA, LTC, XMR, and YFI. Next, you will have to enter a 6 digit code that was sent to your email or mobile phone. If you need extra help, OKX offers a help page and chat support. - The new or existing OKX customers to stake a minimum of 0.01 ETH between April 7 2023 and May 6 2023 will receive BETH at 1:1 ratio through OKX exclusive airdrops and earn daily on-chain rewards on . Unverified accounts can withdraw up to 10 BTC per day and trade up to $500, while higher levels give you higher withdrawal limits and transaction limits. This page may not include all available products, all companies or all services. With support for 36 cryptos, multiple direct integrations with the trading app, and a vault service, the OKEx wallet has attracted tons of users. OKex is a well-backed exchange with significant global ambitions. For further details, Users can also visit the official email of the exchange: support@okex.com. Whether you are an advanced active trader or a one-time investor, you will find a solution on this platform. Deposit Methods Okex Review [2022] Things to Know Before Signing Up 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. Coinbase is available to users in over 100 countries, including the U.S. OKX supports 343 currencies, while Coinbase supports just 160. We independently evaluate all recommended products and services. 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. However, residents of the following countries are restricted from trading with OKEx. Daniel is a digital currency expert, freelance writer, and jurist. To do that, click on the Buy/Sell button on the top menu. We also considered if the exchange is regulated by a proper agency or entirely decentralized. OKX (formerly known as OKEx) Supported Countries: Global (including Australia) Fiat Currencies Supported: 50+ including AUD and USD: Deposit Methods: Credit/debit cards, Apple Pay, crypto transfer: Supported Cryptocurrencies: 355: Interest-earning Wallets: Yes (up to 365% APY) Deposit Fees: About Us | OKX Website | OKX Cryptocurrency transactions are generally one-way and cant be reversed, so always double-check transaction details before proceeding. Required fields are marked *. 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. Those looking to integrate the OKEx API within their own trading products and services can learn more on the API page. Once the funds have been automatically added to your account, you can start trading at OKEx. Tokens are burnt every three months by having them sent to a non-access burning address. Users can also set up security features on their accounts, such as email verification, SMS verification, and 2FA authentication. This table does not include all companies or all available products. 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. You likely wont recover any funds if you accidentally send funds to the wrong wallet address. Spot and derivative trading With OKEx Cloud, users can access OKExs market depth, cutting-edge core technology, flexible token listing, cross-platform development, spot trading, P2P trading, and 24/6 global customer support. The exchange attributed this to the failure of the account holders themselves to secure their accounts and having made passwords and logins accessible. If you agree to our use of cookies, please continue to use our website. 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. Their trading platform lets you trade a wide variety of cryptocurrencies, across both spot and derivative markets. You can find the margin interest rate fees below: There are different types of market orders to help investors place a trade at predefined price and volume, and the ability to use Algo orders is specially vital for active day traders. 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. OKX (previously OKEx) is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology. Nevertheless, many jurisdictions have established regulations or have actively started to support its growth. High-yield staking opportunities and the ability to earn at least 1% with dozens of coins. OKEx currently mines via the proof-of-work (PoW) consensus mechanism, and supports several algorithms, these being SHA256, Ethash, Scrypt, X11, Blake256, RandomX, Tensority, Anx Equihash. Moreover, institutional investment in cryptocurrencies is growing, a testament to the potential and future of digital currencies. To compile name of all the supported countries under this read would be quite hard, so here we are enlisting the. These include yield farming on Sushiswap or Compound, but also locked savings and C2C loans. Accepts fiat currency deposits Trying adjusting the filter to see some results. Buy Bitcoin & other cryptocurrencies | cryptocurrency exchange OKEX Review - Accepted Countries, Payment Methods, Coins & User Reviews OKEx was founded in 2017 by Star Xu. However, due to some inconsistencies, unclear information, and past customer experiences, its a good idea to proceed with caution. By this point, it is common knowledge that many cryptocurrencies have their very own blockchains which they are exclusive to. 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. The Russian government issued a ban on Bitcoin in the past, but has revoked it after many other jurisdictions published their regulations. OKExs trading interface comes along with all tools needed to make smart and profitable futures trades. Global world-leading companies like Samsung, BlackRock, Morgan Stanley, and Alphabet have invested in blockchain and crypto. The fees charged on the platform vary based on the investors trading volume. Luckily, the account creation process is not complex and you will be able to either register through the website or OKEx iOS/Android mobile app. OKX Review 2023 - Investopedia OKEx exchange is owned together with OKCoin cryptocurrency exchange by OK Group and has 1000+ employees. OKX (Previously OKEx) is a global trading platform that is available to over 100 countries across the globe. . Well cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. Some countries have established regulatory a framework for Bitcoin, with some of these insisting that Bitcoin-involved economic activities should be subject to traditional taxes. 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. OKEx is a Malta-based world-leading cryptocurrency exchange that allows users to trade on hundreds of tokens and futures trading pairs.