The options trading interface is just as good, featuring all tools needed. 3 : Saving Wallet: It allows you to save their funds and earn interest on it. When employing the staking or storage capabilities, it can occasionally produce very large yields. Some of its other key selling points include the OKB utility token, the OKExChain, the OKT token, as well as services like Earn, Loan, Jumpstart, Academy, Mining Pool, Cross-Chain Gateway, Wallet, Cloud, Brokerage, 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 investing your capital is at risk. 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. OKX is available to users in over 200 countries, but its not available in the United States. 4. Customers reviews are mixed about their customer service. Opening an account is easy for anyone outside of the United States. Investing is speculative. Because of this, it has the potential of becoming a form of "digital gold", and is therefore an asset with the possibility of replacing gold in the internet of value era. To become an OKEx broker, applicants must own an independent product that supports API trading, over 500 BTC in monthly volume, and at least 2,000 monthly users. Next, copy the wallet address into the digital wallet you own and transfer the cryptocurrencies. 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. Heres a glance at the top currencies traded on OKX by volume: OKX supports a large number of the most popular currencies. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. OKEx exchange is available worldwide excluding in the below countries . We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels. First, it is difficult to find market news and analysis., which means youll have to find a third-party tool that offers instant market updates. Required fields are marked *. The site claims over 20 million users in more than 100 countries. He's written about every type of automated trading tools - from cryptocurrency robots, binary option robots, down to robo advisors. Accepts PayPal Read full terms and conditions / disclaimer. OKEx aggregates a series of earning opportunities within its earn product. While that can be expected to change in the relatively near future, the fact CNY is the only fiat currency supported on the platform means OKex is still very oriented towards the Chinese market. Users will not only learn how to use each of the services that OKEx provides, but also how to conduct technical analysis, how to understand bullish and bearish sentiments, and how to carry out industry analysis. Trading cryptocurrencies allows you to enter the world of decentralized finance and participate in a frontier technology rapidly gaining popularity. Roughly 30 digital currencies can be purchased directly via USD, EUR, GBP, KRW, JPY, RUB, TRY, USH, and more. Today, the CEO of OKEx is Jay Hao, who was previously involved in the semiconductor industry. OKEx Review 2021: How To Use Exchange | Fees, API & Cryptos Theres also a phone number listed on the OKX website. OKEx exchange deposits and withdrawals are mainly done via digital currencies. Following are the main areas of the Okex exchange review 2020 that we will discuss today: Lets review these points about Okex Exchange. Without a cross-chain gateway, USDT operating on the Ethereum blockchain cannot be transferred to the Tron blockchain, for instance. Prominent crypto exchange OKEx says that . Supporting more than 100 digital assets OKex is listed on CoinMarketCap.com as one of the largest international cryptocurrencies exchanges in the world and it claims daily turnover of $1.5 billion only from its Bitcoin futures trading product. Trading fees are low and competitive. Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. Accepts fiat currency deposits By this point, it is common knowledge that many cryptocurrencies have their very own blockchains which they are exclusive to. With support for 36 cryptos, multiple direct integrations with the trading app, and a vault service, the OKEx wallet has attracted tons of users. While a bitcoin exchange gives users a platform where they can independently place orders in the cryptocurrency market, a Bitcoin trading robot is an automated software that enters and exit trades based on predefined parameters. Unlike futures and perpetuals, options trading contracts are not obligatory, meaning that bearers are given the choice to purchase or sell an asset at a predetermined price and date. Customers will have to use their passport to record a verification video according to preset instructions. 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). All information is taken from the public sources. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. OKEx is one of the few crypto exchanges on the market to offer not only a mobile app, but a desktop app as well (rather than only offering a browser version on desktop). The OKExChain also supports smart contract integrations, thereby creating yet another ecosystem suited for the deployment of decentralized applications (dApps). View the latest crypto prices, volume, and data, Trade a full range of contracts and margin products, Multiple strategies to help you trade with ease, Instantly trade spot OTC, futures spreads, and options strategies at the price you want, Discover new, high-quality projects around the world, The world's most powerful suite of crypto trading solutions, OTC liquidity network for pro and institutional traders, Seamless and ultra-low latency API connectivity, Improve capital efficiency and lower risk, Access world-class market depth with high commissions, Candlesticks, aggregate trades, order book data and more, Trade hundreds of tokens and trading pairs. OKEx perpetual traders will find an immersive interface that contains all necessary tools. To compile name of all the supported countries under this read would be quite hard, so here we are enlisting the. Okex cryptocurrency exchange is considered as the most trusted digital assets exchange and the global leader of the blockchain technology. No deposit fees However, residents of the following countries are restricted from trading with OKEx. As a privately-held company, OKEx was founded in China, but is headquartered in Malta, and actively employs over 1,000 people. We independently evaluate all recommended products and services. Below is a list of the countries not supported by OKEx: Hong Kong Cuba North Korea Iran Crimea Sudan Malaysia Syria the USA and its territories Bangladesh Ecuador Bolivia Kyrgyzstan How to. Dollars or other fiat currencies. Ultimately, OKEx sets itself apart from competitors in the industry by offering different methods of crypto trading. Supported Countries OKEx is available in more than 100 countries. According to OKEx, their daily trade volumes are more than $1.5 billion, and the platform has millions of loyal users in over 100 countries. 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. The highest trading fees payable for low volume accounts are a 0.15% maker fee and 0.2% taker fee. With an account at OKX, you can easily buy crypto using a card, bank account, or mobile wallet. OKEX Review - Accepted Countries, Payment Methods, Coins & User Reviews 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. var c_display_preferences = {}; Want to get started with OKEx? 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. With over 300 cryptocurrencies supported, theres not enough room to list them all in our OKX review. 3. OKEx Exchange: Buy and Sell Bitcoin & other cryptocurrencies - Google Sites Crypto exchange offers users with Bitcoin and Litecoin futures and also high trade volumes. The exchange lists over 350 cryptocurrencies and supports more than 500 trading pairs. Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta. OKX offers low fees, but it's not available to U.S. investors. Buy Bitcoin & other cryptocurrencies | cryptocurrency exchange, reimagined | OKX Faster, better, stronger than your average crypto exchange Try OKX BTC $30,017.00 (-0.69%) ETH $1,872.36 (-1.04%) OKB $42.00 (-1.47%) OKT $22.27 (-2.37%) LTC $91.70 (-2.73%) DOT $6.28 (-2.20%) DOGE $0.08 (-2.63%) Trade like a pro Once your OKEx account has been verified, navigate to the Assets button and click on the Deposit. Spot / Custodial / CEX / DEX / Derivatives. OKEx Review 2023 - Crypto Exchange Reviews - Crypto Head One major advantage of opening an account with OKEx, when compared with other crypto exchanges, is that when you use the One-stop Marketplace, no KYC verification on OKEx is required. Okcoin was the first centralized exchange to offer . OKX (previously OKEx) is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology. Albania Wire. Negative reviews mention poor customer service, lost funds, and slow withdrawals. OKex is a well-backed exchange with significant global ambitions. Your email address will not be published. OKEx offers crypto trading services to more than 100 countries around the world. 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. 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. 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. Because of this, the Bitcoin blockchain may become the infrastructure on which all other blockchain applications are built in the future. A cryptocurrency and trading writer and investor, Patrick specialises in algorithmic trading. It also has a built-in trading bot to execute orders with specific rules. Users can also set up security features on their accounts, such as email verification, SMS verification, and 2FA authentication. The 24/7 service is available for the customers. Youll also have opportunities to earn cryptocurrency and withdraw or send it to an outside wallet. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. The OKB utility token is one of OKExs native tokens, providing holders with significant benefits when using the platform. If you click on links we provide, we may receive compensation. Many European countries have also been adopting positive attitudes towards Bitcoin. Read full terms and conditions / disclaimer. OKEx does not have its own fiat on-ramp, but it has partnered up with a third party to accept fiat-based deposits as well. 5. Bank withdrawal Supported: Yes: Withdraw fees: Depends on cryptocurrencies: . 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. 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. Learn more. OKX Restricted Countries The project is supported in over 200 countries. Okex exchange accepts users from more than 100 countries all over the world. Some exchanges don't accept deposits and transactions from all locations in the world. 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. The hot wallet offers security of private key storage through semi-offline storage and signature services. Offers DeFi services to stake your currency and borrow using crypto as collateral. OKEx: Excellent Crypto Exchange with Low Fees. Liquidity is always available, yet the number of supported pairs is fairly low. Followings are some of the advantages and disadvantages of the exchange. Kyrgyzstan; Puerto Rico ; Sudan; Syria ; US Virgin Islands; Bangladesh ; Bolivia; Crimea ; Cuba ; Ecuador; Guam ; USA; For USA users Coinbase, CEX.IO, and Binance are the best available cryptocurrency trading platform . Widely present: OKEx is available in 200+ countries, with more than 20 million users. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. Okex Review [2022] Things to Know Before Signing Up Global world-leading companies like Samsung, BlackRock, Morgan Stanley, and Alphabet have invested in blockchain and crypto. The exchange was initially started by Star Xu in the year 2014. Overall, the exchanges withdrawal fee is slightly lower than at other exchanges. OKX ( Chinese: ), formerly known as OKEx, is a Seychelles -based cryptocurrency exchange and derivatives exchange. Additional measures are taken to make sure that no individual from within the company has free access to user funds, through the usage of multi-signature logins. The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States. Your email address will not be published. The Russian government issued a ban on Bitcoin in the past, but has revoked it after many other jurisdictions published their regulations. Futures contracts entail that traders agree to purchase or sell an asset at a predetermined time and date. 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. The exchange discusses the main benefits of its brokerage program, and these include high commissions, product performance boosts, and 24/7 support. On this platform, you can deposit funds with crypto coins you own or with fiat currency payment methods. Were serving millions of users in over 100 countries. This review serves the purpose of covering and evaluating everything there is to know about the OKEx digital assets exchange. OKEx is registered in Malta and Hong Kong and recently featured digital assets and trading services that are compliant with the Virtual Financial Asset Act (VFAA), which is a regulated authority by the Malta Financial Services Authority. As a non-custodial wallet, users retain full security and ownership over their private keys. This website uses cookies for functionality, analytics and advertising purposes as described in our Privacy Policy. Required fields are marked *. 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. Trading platform is much beneficial for professionals only and not for the beginner. These methods are: The exchange offers different types of trading options on the platform. What is OKEx Exchange? Once the funds have been automatically added to your account, you can start trading at OKEx. For instance, BTC can be transferred to the ETH blockchain in the form of BTCK, a token thats 1:1 pegged to the price of BTC. However, residents of the United States don't have access to the platform's services. It also offers exceptionally high yields in some cases when participating in staking or saving features. Coinbase is available to users in over 100 countries, including the U.S. OKX supports 343. OKEx brokers work by attracting users for their particular product which is based on the liquidity and market depth provided by OKEx. View our terms of service for the full details. First off, OKB holders are eligible to obtain up to 40% off their trading fees, depending on which tier users qualify for. With OKX, you can join one of the leading crypto exchanges by trading volume. Spot and derivative trading None of the information you read on Tokenhell should be regarded as investment advice. The crypto earn feature has become incredibly popular as of lately, especially in the decentralized finance space. Your email address will not be published. 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 means you can offer your computer hash rate that is needed to mine digital assets and in return, you will be able to get an additional income. As for futures and options trading, taker fees range from 0.03% to 0.05%. For further details, Users can also visit the official email of the exchange: Trading interface is very simple and straightforward. Algeria Wire. How OKX Compares to Other Cryptocurrency Companies, Securities Investor Protection Corp. (SIPC). This is good for people new to cryptocurrency looking to buy their first Bitcoin, Ethereum, or any other supported currency. Margin trading is also provided on the platform and the maximum 20:1 leverage available is the highest of any cryptocurrencies exchanged, or CFDs broker. Cryptocurrency mining can bring in considerable profits, but it often entails expensive investments in powerful hardware, as well as electricity consumption costs. She has comprehensive knowledge of blockchain and various cryptocurrencies. OKX (Previously OKEx) is a global trading platform that is available to over 100 countries across the globe. OKEx has recently finalised the OKT initial minting and distribution token event, but it has sold many other tokens, including MXT, FLM, RIO, ZYRO, and more. OKEx exchange comes along with a simple, but advanced trading view. Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. OKEx is a Malta-based world-leading cryptocurrency exchange that allows users to trade on hundreds of tokens and futures trading pairs. Tokens are burnt every three months by having them sent to a non-access burning address. Okcoin trade volume and market listings | CoinMarketCap Okcoin (OKEx) Exchange Review - Safe or Scam Exchange? Either way, the creation of sub accounts is easy, as highlighted in the official guide. However its unavailability in the US is a huge downside. About Us | OKX Website | OKX Further, it supports PoW (Proof-of-work) mining of 9 major cryptocurrencies. OKEx exchange is owned together with OKCoin cryptocurrency exchange by OK Group and has 1000+ employees. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. If you are considering opening an account with OKEx exchange, be sure this read this guide first. This means that you cannot have ETH operating on the BTC blockchain. You can learn more about the standards we follow in producing accurate, unbiased content in our, Cryptocurrency Software Wallet Methodology. In addition, OKEx has a great FAQ section a join the community section where you can find answers and communicate with other members on the platform. Heres a look at how it compares to another popular exchange, Coinbase. So, users should feel free to think about the exchange. Most of the assets that are freely tradeable within the spot wallet can be deposited and withdrawn with ease, and without having to pay unnecessary transaction costs. To unlock full trading capabilities, users are required to complete the know-your-customer (KYC) procedure. For Level Three, youll have to agree to a disclaimer. While the exchange supports the trade of 146 cryptocurrencies on the platform. OKEx Exchange review - SUPPORTED COUNTRIES. OKEx aims to cater both to novice and advanced cryptocurrency traders and investors. For further details, Users can also visit the official email of the exchange: support@okex.com. c_display_preferences.width = "250"; OKEx: Latest Exchange to Support TRC20-USDC - Tron Spark Leveraged margin trading is also available for futures contracts. For most digital assets, OKEx does not charge withdrawal fees. 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%. Speaking of the OKEx API, access is easily obtained with the REST and WebSocket APIs. Thus, the app serves as an all-inclusive interface that allows both asset storage and trading. OKX may be a good choice for global cryptocurrency traders looking to buy and sell with low exchange fees. The OKEx exchange is currently providing its services to over 100 countries. Those include market order, limit market order, advanced limit order, stop-limit order, trailing top order, iceberg and Time-weighted average price (twap) orders. Bitcoin is a reserve asset like gold, and because of its standardization, divisibility, and the ability of conducting online transfers, it has great advantages in many aspects such as payment efficiency, preservation cost, and more. The highest tier VIP user with a 30-day trading volume above $1Bn can expect a maker fee of -0.01% and a taker fee of 0.03%. OKEx has invested considerable resources into building an all-inclusive platform, designed to serve most needs that digital currency enthusiasts may hold. On this platform, there are over 140 digital tokens and more than 400 BTC and USDT pairs to trade on. - The promotion starts on April 7 and ends on May 6 at 11:59pm (UTC+8). This table does not include all companies or all available products. With OKX, you can join one of the leading crypto exchanges by trading volume. It allows users to buy and sell digital assets in all forms available on the site (spot and derivatives), view real-time streaming quotes, store crypto coins on its built-in digital wallet, deposit and withdraw funds, and subscribe to digital asset news. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. 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. Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta, Indonesia, United Kingdom, Lebanon, Mexico, Libya, Sweden, and others. The rest are seeing little to no activity whatsoever. Guest Post by Kryptoskatt: Kryptoskatt Vs Zenledger - CoinMarketCap Overall, the exchanges user interface is very friendly and interactive, particularly when compared to other exchanges such as Binance. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. Crimea, Syria, Ecuador, Bolivia, The USA and its . Level Two requires uploading a picture of their ID and a selfie through partner Netverify. If you want to see the whole structure of trading fees of the Okex exchange, you can visit this link: The 24/7 service is available for the customers. The crypto exchange is currently supporting two fiat currencies which are USD and CNY. Most countries do not recognize Bitcoin as currency, instead defining it as virtual good. Low trading fees also attracts users. This means transactions can neither be reversed nor tampered with. Contact at info@tokenhell.com if you have any questions. 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. Although not every pool is currently being used, there are quite a few people mining BTC, ETH, LTC, and XMR. OKEx mining pools: Join safe, . [3] [4] It is not currently available to US-based investors. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes. Low trading fees are another big plus that will appeal particularly to more experienced traders. For spot trades, the most you will pay is 0.10%. If you are considering opening an account with OKEx exchange, be sure this read this guide first. The crypto exchange has been providing advanced financial services to traders globally using their blockchain technology and currently caters to over a million users in 100 countries. For those unaware, USDT is a digital token that was designed to have a 1:1 exchange rate with the Us dollar. Once logged in, users can customize layouts for various needs. Were providing spot, margin, futures, options, perpetual swaps trading, DeFi, lending, and mining services. OKEx Review - Platform Features, Fees, Pros & Cons 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. OKEx even provides access to free bitcoin incentives that are accessed through the completion of daily missions. In short, the trading platform is suitable for safe and secure, Tokenhell produces content exposure for over 5,000. It is a digital trading platform which provides spot trading of digital currencies and fiat currencies to customers worldwide. The main mission of the exchange as described on the website is: OKEx believes the blockchain technology will eliminate barriers to transactions, increase the efficiency of transactions across society, and eventually have a significant impact on the global economy.