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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. Rock bottom trading fees is a major strength of OKex and the exchange boasts among the lowest in the cryptocurrencies market. In summary, OKEx is one of the best exchanges in terms of liquidity, the supported assets, and features. However, residents of the following countries are restricted from trading with OKEx. On OKExs platform, traders do not have to pay deposit fees but are required to pay a withdrawal fee of 0.0005 BTC for bitcoin, 0.01 for ETH, and 0.15 for ripple. Users can therefore cloud mine BTC, BCH, EWTH, LTC, DASH, DCR, XMR, BTM, AND BTG. Win up to $10,000 when you complete a deposit of more than $50 through a crypto purchase or top-up within 30 days of registration. Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Polkadot (DOT) are supported by an underlying technology called blockchain, which acts as a decentralized digital ledger.Every cryptocurrency transaction is recorded in the blockchain and becomes immutable once confirmed and validated. Buy and sell crypto in 192 countries. The most notable one is the United States of America, which has limited the activity of foreign crypto exchange platforms, which are now subject to regulatory approval. Keychain Cryptocurrencys Wallet And Password Stolen, Atomic Malware Fingered, US Slams North Korean Banker With Double Indictment Over Crypto Laundering. OKX is . Were providing spot, margin, futures, options, perpetual swaps trading, DeFi, lending, and mining services. OKX offers low fees, but it's not available to U.S. investors. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels. 4. Trading platform is much beneficial for professionals only and not for the beginner. Coinbase is available to users in over 100 countries, including the U.S. OKX supports 343 currencies, while Coinbase supports just 160. Angola Wire. Users can buy popular cryptocurrencies like Tether (USDT), Polygon (MATIC) Dogecoin (DOGE) and more through a range of payment methods, including Apple Pay, Visa, Mastercard, MoonPay, and bank transfer. 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. On the negative side, the exchange lacks essential features for crypto investors. The exchange attributed this to the failure of the account holders themselves to secure their accounts and having made passwords and logins accessible. Participating in public sales comes along with a larger profitability potential, as public sale buyers are often able to purchase tokens at significantly lower prices, as opposed to those which are bought from the token market. The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms. The OKEx wallet makes it easy for cryptocurrency owners to store, send, receive, and manage their digital assets. If youre comfortable with online financial products and follow security best practices, youll likely have a positive experience with OKX. Crypto will re-shape our money, our financial system, our internet, and our society, and ultimately contribute to every individual's freedom and dignity. This means transactions can neither be reversed nor tampered with. 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. c_display_preferences.width = "250"; Of course, this extra bitcoin doesnt amount up to huge rewards, but it does provide an incentive to learn more about the cryptocurrency market. Trying adjusting the filter to see some results. 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. While OKEx does not charge any deposit fees, it charges a withdrawal fee of 0.0005 BTC for bitcoin, 0.01 for ETH, and 0.15 for ripple. OKEx exchange is a cryptocurrency exchange based in Seychelles. OKEx aims to cater both to novice and advanced cryptocurrency traders and investors. 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. The token can be used to settle trading fees on the exchange platform or to pay for exclusive services including dedicated customer support and enhanced API rate limits. This table does not include all companies or all available products. Investopedia requires writers to use primary sources to support their work. Supporting only two fiat currencies. Initially known as OKEx exchange, it got support and investment advice from leading venture capitalists and investment companies like Ceyuan Ventures, VenturesLab, Longling Capital, eLong Inc, and Qianhe Capital Management, which helped the digital assets exchange to reach the pinnacle where it is now. The FSA of Japan has officially recognized Bitcoin and digital currency as a legal currency, and has ruled that all digital currency exchanges must register with them. Today, the CEO of OKEx is Jay Hao, who was previously involved in the semiconductor industry. The app is available for both Android and iOS powered devices. OKEx was founded in 2014 by Star Xu, and is currently led by CEO Jay Hao. Either way, OKEx exchange employs a cold and hot wallet architecture designed to keep the majority of funds on air-gapped devices that are inaccessible from the outside. Your email address will not be published. Users can trade 300+ crypto coins and tokens on OKEx, with over 30+ fiat currencies supported. Okex exchange accepts users from more than 100 countries all over the world. 3 : Saving Wallet: It allows you to save their funds and earn interest on it. 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). OKEx was founded in 2017 by Star Xu. He has worked as a cryptocurrency journalist for numerous publications in the crypto space and loves learning about next-gen tech. Cryptocurrency exchanges have some unique security concerns you dont typically face with traditional banking platforms. First off, OKB holders are eligible to obtain up to 40% off their trading fees, depending on which tier users qualify for. There is no danger of scams and hacking activities due to its high-quality security system. 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. The exchange lists over 350 cryptocurrencies and supports more than 500 trading pairs. Leveraged margin trading is also available for futures contracts. . OKEx exchange gives you the possibility of creating sub-accounts used for crypto trading. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. 103525, InsideBitcoins uses cookies to improve and customize your user experience, Mobile verification code for security settings and withdrawal, of funds. They are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100. countries. Annual percentage yields as high as 12.84% can be seamlessly obtained by taking part in the earn initiative. You can learn more about the standards we follow in producing accurate, unbiased content in our, Cryptocurrency Software Wallet Methodology. Positive reviews focus on an easy online experience, fast transitions, and low fees. The crypto earn feature has become incredibly popular as of lately, especially in the decentralized finance space. 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. OKEx lists a series of companies that currently accept OKB in exchange for access to their services. Rather than just hodling cryptocurrency, users now have the possibility to earn significant interest rates from their coins. It was founded by Star Xu () in 2017. To access all the trading features OKX offers, youll need to complete its KYC (know your customer) requirements. Trading ideas, cryptocurrency fundamentals, and other technical knowledge is also readily available. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review. Andorra Wire. 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. 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. These include using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds. Like many other exchanges, OKEx has tiered fees, meaning that lower fees can be accessed by those with a higher trading volume, or by holders of the OKB utility token. Some exchanges don't accept deposits and transactions from all locations in the world. Were serving millions of users in over 100 countries. There are four methods for depositing funds into the Okex trading account. OKX (previously OKEx) is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology. OKEx is part of OK Group, which is a blockchain technology company founded in 2013. With OKX, you can join one of the leading crypto exchanges by trading volume. The platforms deposit screen will open up, and on this page, you can choose the type of cryptocurrency youd like to deposit to your account. 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. The Bitcoin blockchain, as an underlying blockchain, can provide consensus solutions to other public blockchains, with Bitcoin itself as the fees for this service. The state of New York has introduced BitLicense for the exclusive regulation of Bitcoin. If youre looking for an easy way to swap currencies, including stablecoins, you can use OKX's conversion form. Heres a glance at the top currencies traded on OKX by volume: OKX supports a large number of the most popular currencies. The company was originally located in Hong Kong, China, and has, since then, expanded its offices in Belize and more recently in Malta, an island known for being a hub for blockchain-based and cryptocurrency projects. And it involves accounts of C2C, spot and margin trades. OKEx exchange is available worldwide excluding in the below countries . [3] [4] It is not currently available to US-based investors. 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: To unlock full trading capabilities, users are required to complete the know-your-customer (KYC) procedure. DISCLAIMER Lastly, OKExChain has announced compatibility for the Ethereum Virtual Machine, meaning that developers can leverage the tools and know-how they already hold to build next-gen dApps on this blockchain. 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. No deposit fees One big downside of OKX is that it doesnt disclose fees for deposits and withdrawals. As a privately-held company, OKEx was founded in China, but is headquartered in Malta, and actively employs over 1,000 people. If you have any kind of inquiry about the exchange and you face any problems in your accounts or about your transactions then you can get help from the Okex community. Further, the trading fees are below the average in the industry and the exchange has never been severely hacked. OKX is an international cryptocurrency exchange with low fees. In short, the trading platform is suitable for safe and secure, Tokenhell produces content exposure for over 5,000. c_display_preferences.height = "250"; 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 important digital coins are. With over 300 cryptocurrencies supported, theres not enough room to list them all in our OKX review. Take care of our team, promote and advance crypto globally, and empower every individual in the world. The blockchain has proven fairly scalable so far, while also being efficient thanks to the low transaction fees. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Speaking of the OKEx API, access is easily obtained with the REST and WebSocket APIs. If you are considering opening an account with OKEx exchange, be sure this read this guide first. Users can also set up security features on their accounts, such as email verification, SMS verification, and 2FA authentication. var c_display_preferences = {}; - 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 . Trading platform is much beneficial for professionals only and not for the beginner. 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. To do that, click on the Buy/Sell button on the top menu. 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. Both give users access to the same account details, though some may find the larger screen on a desktop computer or laptop easier to navigate.
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