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OKX review: is it a good crypto exchange? OKEx

okex review

Allows you to trade with assets you own with one you want to trade. Once you registered an account with OKX, you can deposit credit in your account by buying cryptocurrencies or transfer crypto to your OKX wallet. OKX is simple and easy to use since the platform is https://www.tokenexus.com/ very intuitive. The platform is extra supported with video tutorials to help users to get started. In this part of the OKX review we’ll talk about how the exchange works. Worth of USDT on OKX 2P2 Trading, the order had just closed automatically as I made transfer.

okex review

You’ll also have opportunities to earn cryptocurrency and withdraw or send it to an outside wallet. Once logged in, users can customize layouts for various needs. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC).

Does OKX support leveraged trading?

There are several crypto exchanges offering competitive features and products to crypto traders. This review section will compare OKX to some of the top ones. Over 400 verified users have shared their experience with OKX on the review platform Trustpilot. Many of the reviewers were happy with the platform’s services and how it worked, especially how easy it was to use, how many products it had, how fast transactions were, and how low the fees were. It allows traders to invest in cryptocurrencies like BTC, ETH, or USDT.

  • The token lets users of the OKX exchange pay less for fees and use special features.
  • Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
  • Also, Cyrpto.com doesn’t offer derivatives, which OKEx offers.
  • The company released major upgrades in 2020 that keep in line with this mission, releasing 170 upgrades.
  • As OKX grows, so does its commitment to facilitating a seamless entry into the world of cryptocurrencies for its users, fostering a space where both seasoned and novice traders can thrive.
  • OKEx offers crypto trading services to more than 100 countries around the world.
  • Such links don’t imply our endorsement, and we aren’t liable for the content, products, or services of these third-party entities.

OKCoin is a simpler exchange platform that offers buying and selling of cryptocurrencies, trading, staking, and access to DeFi projects and initial coin offerings (ICOs). However, it doesn’t offer the complete range of services that OKX does. This is unfortunate, as OKX is one of few exchanges that offer such a wide selection of tokens and crypto mining options. 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%. The fees charged on the platform vary based on the investor’s trading volume.

OKX Review Pros, Cons and Is It Safe?

Note that card deposits made in a currency other than USD may also incur bank currency conversion charges. In addition, when we used the platform, we noticed that investors can use trading bots to automate their strategies and take advantage of arbitrage opportunities. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation.

okex review

We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Yes, OKEX is registered in Hong Kong and Malta, and its trading services are in line with the Virtual Financial Assets Act (VFAA), a regulated authority under Malta Financial Services. You get $15 for any of your friends who sign up via your OKEx invite code and complete KYC verification, make a deposit, and trade crypto. You can choose between Dual Investment, Savings, Flash Deals, and Staking accounts.

Listed OKX crypto exchange assets

Top registered and regulated crypto trading platform for Canadians. OKEx supports 300+ cryptocurrencies, including Bitcoin, Ethereum, Ripple, Solana, Stellar, Decentraland, The Sandbox, and more. Us residents have to use OKCoin, OKX’s sister platform that offers limited coins and features.

We may also receive payment if you click on certain links posted on our site. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site. Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders. If you have any problems with your account or have a query about a transaction, OKX offers a handy online support center with answers to a wide range of frequently asked questions.

Investment Products

(click buy, look for sell option) If you used Banxa while depositing, and verified your bank account, the process is simple. It’s hard to say which platform has the lowest fees, as both use a maker-taker fee structure, and their fees are almost comparable. However, no okex review exchange is 100% hacker-proof, so make sure you transfer most of your crypto assets to a non-custodial wallet or lock them offline in cold storage with a hardware wallet. OKEx allows you to borrow flexible, fixed, and active crypto loans with over 120 digital assets.

On the other hand, a TWAP order is essentially a set of market orders with a time delay of seconds. For example, if the duration is set to 60 seconds, and the order count is 10, then there will be a 6-second delay between each order. The OKX wallet is great, and it works via a Google Chrome browser plugin, so it is always available when you need it. It’s got everything you’d want, including previous transactions and a great view of all your NFTs too.