No. 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. In this review, we’ll look at OKEx’s features and some controversies that you need to know. Options Options Unlimited Reward with Limited Risk Supported Cryptocurrencies and Payment Methods, Learn more about futures trading at OKEx here. So it was unlikely to be a hack. A leverage ratio, also known as margin trading, is a tool that allows you to open positions with more capital than initially deposited. However options contracts still have an expiration date by which the contract holder must exercise their option. Traders and investors are always searching for a platform that is quick and stable, has good customer service, has well-protected infrastructure and where the investment is safe. OKB is OKEx’s own utility token. Once you visit OKEx’s website, click on the Sign-up button at the top right corner of the screen and then, submit your email address or phone number, and create a password. Join the 28 people who’ve already contributed. OKEx is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology. For those of you who are on the go, you may need to monitor your positions from a mobile device. The price... Sam Bankman-Fried (SBF) is the Chief Executive Officer of FTX, a crypto derivatives exchange, and Alameda Research, one of the biggest quantitative cryptocurrency trading... Cryptocurrency Exchanges are facing additional regulation and scrutiny around the world. Okex is a piece of garbage exchange!!! One huge advantage of this exchange is that it offers fiat-to-crypto trading, so users can use OKEx as a one-stop shop for getting into, and "cashing out" their cryptocurrencies. 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. That is why OKEX have developed their own trading application. OKEx’s C2C trading platform allows users to trade a selection of cryptocurrencies amongst themselves, similar to an Over the Counter (OTC) trading desk. To learn more about OKB’s functions, click here. Currently OKex is not available to US residents or citizens. Having to run a trading platform alongside them doesn’t help in that regard. Trading tools, like OKEx API, EARN Program, Pool, and OK Vault Web Wallet, are available to enhance the overall trading experience of traders. Your email address will not be published. Next, copy the wallet address into the digital wallet you own and transfer the cryptocurrencies. Downloaded the app on android. OKEx offers a wide range of trading options such as spot, futures, perpetual swap and options trading. 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. But due to the size of securities needed to facilitate the volume required to become a market maker, the majority of crypto investors are market takers. Those include: On top of that, OKEx offers a crypto mining pool, Crypto-to-Crypto loans, and staking. Chat/support button in app is unresponsive. You can also reduce fees by using the OKB coin, which offers trading discounts. For example, if the Bitcoin trader has achieved a spot trading volume greater than 500 BTC, the market taker fee reduces to 0.135%. According to OKEx, a trader’s losses are limited to the margin they paid for entering into the futures contract. 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). If you are not holding any digital asset and wish to buy and sell cryptocurrencies via OKEx, you can choose the Quick Trade option that enables you to buy cryptos with fiat payment methods. Advertisement. Services offered: 4.5/5Cryptocurrency support: 4.5/5Fees: 4.5/5Security: 4/5Review Score: 4.4/5. But some other exchanges have insurance funds to cover any potential losses from hacks, which does not seem to be the case with OKEx. This process includes uploading your passport and recording a verification video according to the instructions provided by OKEx. Once the funds have been automatically added to your account, you can start trading at OKEx. While you may be used to browser-based trading, there are a few advantages to having a separate piece of software. OKEx was founded in 2017 by Star Xu. I checked my mail and have the mail from registering to OKEx saved, this is not true. You are advised to reach out to the support team if unsure that a payment option is not available in your country. By leveraging secure blockchain technology, OKEx has become a global leader with over 20 million online users in over 100 countries, playing a leading role in helping users accelerate their financial freedom and build their crypto portfolio. Like any other crypto exchange, OKEx charges a margin interest rate as soon as tokens are borrowed. Seems like a scam. Perpetual Swap trading allows traders to buy and sell contracts which do not have an expiry date and are essentially bets on the future value of a cryptocurrency. However, residents of the following countries are restricted from trading with OKEx. Options entitle the contract holder to buy and sell (depending on what contract they hold) the underlying asset i.e. These tools include 2FA verification, mobile verification codes for withdrawals and changing settings, and anti-phishing codes in every OKEx email. OKEx Exchange Review and Comparison. OKEx is a Malta-based world-leading cryptocurrency exchange that allows users to trade on hundreds of tokens and futures trading pairs. Spot trading allows users to buy or sell cryptocurrencies instantly using the funds they have on hand. are accepted, as are most payment methods. On the Exchange, users can hold OKB to enjoy trading fee discounts. Overall, the exchange’s withdrawal fee is slightly lower than at other exchanges. The Okex exchange is one of the leading cryptocurrency exchanges … a rebate) on maker fees and 0.04% on taker fees. They also have a bug bounty program to reward any persons who discover and report security vulnerabilities in the Exchange. This popular Exchange conveniently offers fiat-to-fiat and crypto-to-fiat trading, futures trading and wallet options all on one site. 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. 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. Most major fiat currencies such as USD, EUR, GBP, CAD etc. Later on in November, the Exchange suddenly change the terms of its Bitcoin Cash contract, forcing an early settlement and leaving traders suffering from losses. You have entered an incorrect email address! An OKEx exchange review shows that they serve areas worldwide via no less than 420 markets. 20% price dump. This can also give you an extra layer of security by having your assets spread out in different locations. Most notably, if you are running on low to middle end hardware and like to open multiple tabs, you have probably already ran into memory issues. 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