OKEx exchange is owned together with OKCoin cryptocurrency exchange by OK Group and has 1000+ employees. Users can expect to trade in OKT, USDT, ETHK, OKB, LTCK, and BTCK, directly on the native OKExChain. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. However, residents of the United States don't have access to the platform's services. No deposit fees These trading wallets include: 1 : Funding Wallet: Funding wallet allows you to transfer, deposit, and withdraw your funds. OKX breaks currencies down into different pricing tiers that vary based on trade volume and account holdings. OKEx: Excellent Crypto Exchange with Low Fees. 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. For further details, Users can also visit the official email of the exchange: support@okex.com. Rather than just hodling cryptocurrency, users now have the possibility to earn significant interest rates from their coins. OKEx offers crypto trading services to more than 100 countries around the world. By employing multiple authorization mechanisms and using emergency plans for private key backups, funds remain inherently safe. With military-grade security, unparalleled liquidity, quick order matching, and numerous other benefits, its no wonder that OKEx reports billions of dollars worth of trading volume. Offers DeFi services to stake your currency and borrow using crypto as collateral. Internet Computer Protocol Announces 23% Price Increase, Heats Up Debates, Senator Elizabeth Warren Wants to Impose a De Facto Ban on Crypto, Says Jake Chervinsky, Hackers Hijack Popular YouTube Channel to Promote Crypto Scam, Twitter CEO Elon Musk Introduces Monetization Features for Content Creators, FDIC Official Attributes Collapse of Signature Bank to Poor Management, Unlocking the Secrets of Bitcoins Taproot: Everything You Need to Know, Live Coin Watch: The Must-Have App for Cryptocurrency Investors, Price Analysis 29th April BTC, ADA, ETH, DOGE, XRP, BNB, and MATIC, Polkadot (DOT) Staking: What It Is And How To Do It, Ceramic Protocol: Unlocking the Future of Decentralized Data Storage for Beginners, https://www.okex.com/pages/products/fees.html. Founded in 2017, OKX is a Seychelles-registered cryptocurrency exchange that adopts blockchain technology to build the next-generation financial ecosystem. Prominent crypto exchange OKEx says that . The digital assets trading platform offers investors and traders to trade with BTC, ETH, LTC and other cryptocurrencies on its platform. These provide better portfolio optimisation, lower trading fees, trade segregation for transparency purposes, and access to API services designed to carry out algorithmic trading. Funds must then be transferred from spot wallets to margin wallets. Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. Further, the charts are not intuitive to derive insights and can be difficult to use. OKEx allows loans for a period ranging between 3 to 180 days, which are often priced at a 3.65% 15.33% effective interest rate. Overall, the exchanges withdrawal fee is slightly lower than at other exchanges. Although not every pool is currently being used, there are quite a few people mining BTC, ETH, LTC, and XMR. Your email address will not be published. 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. OKX (Previously OKEx) is a global trading platform that is available to over 100 countries across the globe. This means transactions can neither be reversed nor tampered with. Most information youll likely need to know is listed in a robust help center with details about using, updating, and maintaining your account. Offers large trading volumes With OKX, you can join one of the leading crypto exchanges by trading volume. If youre looking for an easy way to swap currencies, including stablecoins, you can use OKX's conversion form. They dont take users from the United States due to regulatory and compliance concerns. The exchange has never been hacked despite being one of the largest cryptocurrency exchanges in the world, and overall, OKEx is considered to be a safe and secure trading platform. In October 2017, a number of OKex account holders complained that their accounts had been hacked and cryptocurrency holdings were stolen. We also considered if the exchange is regulated by a proper agency or entirely decentralized. OKX is an international cryptocurrency exchange with low fees. Once your account has been verified and you have completed the deposit process, the funds will be automatically added to your trading account. We strive to achieve something that changes the world and never stop to innovate and improve on our customer experience. OKX (Previously OKEx) Review: Supported Countries and Regions. The listings that appear on this page are from companies from which this website and Bankrate may receive compensation, which may impact how, where and in what order products appear. Home of OKB token, which can earn you a discount on trades. OKex is rumored to have ambitions to launch its own Ethereum-esque public Blockchain platform though no official announcement. He has 10 years of experience in banking, corporate finance, and corporate accounting. Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review. The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. The wallet is available on OKEx desktop/web platform and on the OKEx mobile app. OKEx is a cryptocurrency exchange with the main headquarters in Malta and the Republic of Seychelles. In this case, users can choose to add liquidity to a pool, which rewards them a percentage of the transaction fees incurred. The important digital coins are. For spot trades, the most you will pay is 0.10%. Read full terms and conditions / disclaimer. Thanks to its cross-chain support and the value-exchange ethos, the OKExChain will hold significant popularity. 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. OKEx presents itself as a global digital assets exchange that gives traders advanced financial services using blockchain technology. This may impact how, where and which products / companies / services we review and write about. 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. OKX offers low fees, but it's not available to U.S. investors. The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. All information is taken from the public sources. Take care of our team, promote and advance crypto globally, and empower every individual in the world. OKEx is a safe cryptocurrency exchange as they use the most advanced encryption technology to secure its platform from hackers. You can also swap existing digital assets via OKX Convertwithout fees or price slippage or buy crypto directly from other sellers through the OKX P2P Trading market. Customers reviews are mixed about their customer service. With over 300 cryptocurrencies supported, theres not enough room to list them all in our OKX review. OKEx perpetual traders will find an immersive interface that contains all necessary tools. VIP users can enjoy much more competitive trading fees of 0.030%-0.080%. Annual percentage yields as high as 12.84% can be seamlessly obtained by taking part in the earn initiative. The more professional nature of OKexs exchange platform also means that it places more demand on hardware than the average cryptocurrency exchange. 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. The blockchain has proven fairly scalable so far, while also being efficient thanks to the low transaction fees. The exchange itself lists GSLB, distributed server clusters and cold storage multi-signature wallets among the security measures in place. Great Mobile app, 1 Provider that match your filters Providers that match your filters. OKB also opens up additional revenue streams in the form of passive income, via the OKEx Earn product. Countries Allowed. Eric Rosenberg is a finance, travel, and technology writer. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes. All burns are conducted transparently, and announced whenever they occur. var c_display_preferences = {}; Heres a glance at the top currencies traded on OKX by volume: OKX supports a large number of the most popular currencies. 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. There are multiple revenue streams accessible by simply owning cryptocurrency, including yield farming, staking, or lending interest. They are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100. countries. A leverage ratio, also known as margin trading, is a tool that allows you to open positions with more capital than initially deposited. Positive reviews focus on an easy online experience, fast transitions, and low fees. Trading fees are low and competitive. The OKex exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. Of course, all transactions out of OKEx wallets entail the payment of blockchain transaction fees, which are non-dependent on the exchange. Further, it supports PoW (Proof-of-work) mining of 9 major cryptocurrencies. It is a Malta-based cryptocurrency. OKX could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities. By this point, it is common knowledge that many cryptocurrencies have their very own blockchains which they are exclusive to. Jay is well-known for his prior involvement in building blockchain-based applications for mobile gaming and video streaming [Wikipedia]. Other investors include notable Chinese VCs including Ceyuan Ventures, Longling Capital, and the Giant Network Group. 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. 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. Nowadays, OKEx is one of the top 20 cryptocurrency exchanges worldwide by trading volume according to CoinMarketCap, and has a wide presence all over the world. Pros 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 The OKExChain also supports smart contract integrations, thereby creating yet another ecosystem suited for the deployment of decentralized applications (dApps). Users can therefore cloud mine BTC, BCH, EWTH, LTC, DASH, DCR, XMR, BTM, AND BTG. 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. Futures contracts entail that traders agree to purchase or sell an asset at a predetermined time and date. Bank withdrawal Supported: Yes: Withdraw fees: Depends on cryptocurrencies: . Were providing spot, margin, futures, options, perpetual swaps trading, DeFi, lending, and mining services. Okex cryptocurrency exchange is considered as the most trusted digital assets exchange and the global leader of the blockchain technology. Thus, the app serves as an all-inclusive interface that allows both asset storage and trading. A recent addition to the exchanges suite of additional functionalities has been the addition of algorithmic trading tools. Opening an account is easy for anyone outside of the United States. c_display_preferences.height = "250"; Supporting only two fiat currencies. OKX was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. Daniel is a digital currency expert, freelance writer, and jurist. c_display_preferences.zone = "6005dff5b02d413891"; While the latter supports market data, the first one provides trading, withdrawals, and market data. With OKX, you can join one of the leading crypto exchanges by trading volume. 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. Many European countries have also been adopting positive attitudes towards Bitcoin. The simple form to buy crypto using a card, bank account, or digital wallet. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website. window.coinzilla_display = window.coinzilla_display || []; The OKEx cross-chain gateway currently supports the Ethereum blockchain, yet both the OKExChain and the Tron chain will be added within the short-term future. 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. 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. OKEx provides hundreds of token & futures trading pairs to help traders to optimize their strategy. Nevertheless, many jurisdictions have established regulations or have actively started to support its growth. 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 Payment Methods The exchange has brilliant records so far in the crypto world and has proved its worth as a secure and advanced platform for trading. Perpetual contracts are similar to futures, with the difference being that there is no expiry date. 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. OKX (previously OKEx) is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology. Okex exchange accepts users from more than 100 countries all over the world. 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 . Save my name, email, and website in this browser for the next time I comment. Feedback on support levels is mixed with some complaints online around slow response rates or failure to resolve problems. 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. If you are still keen to open a Bitcoin account with OKEx, follow our simple step-by-step guide below: The first step involves signing up on the platform and creating an account. The state of New York has introduced BitLicense for the exclusive regulation of Bitcoin. 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. Lastly, OKB ownership allows users to join the OKExChain ecosystem, an open-source blockchain that allows users to obtain a larger number of tokens as soon as the mainnet is launched. CoinMarketCap. 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. Due to their price volatility, margin trading is generally limited to 20:1 in cryptocurrencies markets. OKEx supports a mobile application that is easily downloadable on Apple Store and Google Play and is very user friendly. Join the CryptoTotem Team! Overall, the exchanges user interface is very friendly and interactive, particularly when compared to other exchanges such as Binance. OKX is an innovative cryptocurrency exchange with advanced financial services. As previously mentioned, OKEx allows users to deposit funds through a wide range of crypto coins but keep in mind that you will be able to transfer a specific type of token to the wallet deposit address you receive on the selected token only. High-yield staking opportunities and the ability to earn at least 1% with dozens of coins. It was founded by Star Xu () in 2017. Some exchanges don't accept deposits and transactions from all locations in the world. For Level Three, youll have to agree to a disclaimer. Keychain Cryptocurrencys Wallet And Password Stolen, Atomic Malware Fingered, US Slams North Korean Banker With Double Indictment Over Crypto Laundering. 2 : Trading Wallet: This wallet is for different trades. OKex offers customer support through a phone line as well as an email-based ticketing system and several messaging apps and social media channels. 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. OKex is a well-backed exchange with significant global ambitions. 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. 1. 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. OKEx offers a wide selection of trading assets, making it possible to get access to spot and derivatives trading. Futures, swaps, and options have their own rate schedules with varying fees. Investing is speculative. The trading platform provides more facilities to professional users as compared to the other exchanges. The options trading interface is just as good, featuring all tools needed. The Bitcoin blockchain, as an underlying blockchain, can provide consensus solutions to other public blockchains, with Bitcoin itself as the fees for this service. This drops as low as 0.02% and 0.05% for makers and takers fees respectively. We are going to provide the users an elaborative review of the Okex exchange which will include the details about the exchange and through these details, users will come to know whether this exchange is a trusted trading platform or not. In a move that mirrors that of other major Chinese exchanges such as Binance and Huobi Pro, OKex also launched their own utility token cryptocurrency in early 2018. Yes, OKEx offers the OK Vault multi-currency wallet that allows users to store mainstream and ERC20 tokens. The 24/7 service is available for the customers. Some of the cons, however, include no service to US-based customers and the lack of a demo trading account. However, residents of the following countries are restricted from trading with OKEx. 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. 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. Trading is instantaneous and anonymous, as the DEX trading interface can be accessed without an account. This is good for people new to cryptocurrency looking to buy their first Bitcoin, Ethereum, or any other supported currency. For example, if the Bitcoin trader has achieved a spot trading volume greater than 500 BTC, the market taker fee reduces to 0.135%. You likely wont recover any funds if you accidentally send funds to the wrong wallet address. Cryptocurrency transactions are generally one-way and cant be reversed, so always double-check transaction details before proceeding. When you use margin trading, you are essentially borrowing funds from your crypto exchange and therefore, they will charge you interest on any position held overnight. He's written about every type of automated trading tools - from cryptocurrency robots, binary option robots, down to robo advisors. Fees are tiered based on average 30-day trading volumes but are low even at their upper end. OKEx provides a leverage ratio of 10:1 and 20:1 under the margin trading mode, and 100:1 leverages when choosing to buy tokens via perpetual swaps contracts. The list of the countries is North Korea. If youre looking to manage your cryptocurrency activity with one login, OKX could meet your needs. So far, OKEx has never faced a high-profile successful hack, in spite of the fact that some users reported that their accounts were accessed by attackers, leading to loss of funds. 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. Mining pools allow investors to pool their assets together in order to rent server space, thats then used to mine a series of supported cryptocurrencies. Once the funds have been automatically added to your account, you can start trading at OKEx. As mentioned, there are different types of trading options available including a spot, margin, futures, options, DEX, and perpetual swap. Users can deposit and withdraw funds whenever they want. . Okex crypto exchange is the worlds leading cryptocurrency exchange platform for selling, buying and trading digital assets. Now, cryptocurrencies can be purchased via Visa, MasterCard, Apple Pay, and others. This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. 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. Of course, any losses that incur on the higher exposure will have to be paid out by traders. Contact at info@tokenhell.com if you have any questions. As for futures and options trading, taker fees range from 0.03% to 0.05%. 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. OKX is a crypto exchange that also offers a variety of other services, making it a complete digital currency ecosystem available in over 100 countries.
okex supported countries
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