okex review

However, the most crucial concern for any trader is the safety of their assets. OKEx lets you convert over 30 fiat currencies into a number of cryptocurrency okex review coins and tokens – including Bitcoin, USDT, and Ethereum. As a trading platform, OKEx offers spot as well as derivatives trading.

  • The advanced version of the app is also impressive; users can switch to it with a prompt within the trading interface.
  • Okay, that sums up the trading features of OKX; let’s look at what else the platform has to offer.
  • This is essentially a fast buy option of 6 mainstream crypto coins  -  Bitcoin (BTC), Ethereum (ETH), USDT, Ripple (XRP), Litecoin (LTC), and OKB with 30 fiat currencies.
  • In addition to Earn products, OKX users can utilize their crypto holdings to magnify their exposure in the digital currency markets via crypto-collateralized loans.
  • We really liked OKX because they have a pretty strong community around it with numerous telegram & Facebook groups.
  • So the fact that OKX has built a bridge connecting a user-friendly CeFi interface with the powerhouse of DeFi deserves a standing ovation.

OKX Exchange Fees

okex review

You can hold a position without any time limit and withdraw your realized profits anytime with a perpetual future. For those of you who trade CFDs or spread betting instruments, a perpetual swap has the same payout profile. What you’re really verifying is that the information presented in the Tree is correct. This can be your own assets (to show that they were included in the data encryption) or the assets held by the exchange. Given what has happened with FTX, exchanges have been scrambling to prove that client funds are secure and that exchanges are adequately collateralised.

OKX Review in 2024: A Crypto Powerhouse

okex review

Okay, that sums up the trading features of OKX; let’s look at what else the platform has to offer. Using the Options Discovery tool will also draw you out a neat payoff diagram where you can see the profit/loss that will incur for said option. Once you are OK with the set parameters, it will take you to the market for the said option.

Deposit and Withdrawal Options

Its API call rates and limits are competitive with other top exchanges, varying by endpoint and account type. OKX also boasts an excellent security record—it has never been hacked, with solid proof of reserves, monthly audits, 2FA, and multi-factor biometric scanning. The platform also supports a range of staking and borrowing options for long—to medium-term investments. However, in order to be able to withdraw your funds from OKX, you will need to go through a small identity verification process which will increase the 24-hour withdrawal limit to 100 BTC. There is also a withdrawal fee that varies for each cryptocurrency.

There have also been previous reports of system hacks and loss of crypto from several users. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. For VIP users, their fees are determined by different criteria, focusing instead on their trading volume over the last 30 days. Decentralized finance, or DeFi, is one of the fastest growing areas of smart contracts and blockchains.

okex review

okex review

Deposits/Withdrawals

Depositing Funds

  • However, be prepared for potential delays in response times, as reported by some users.
  • It’s one of the leading crypto exchange platforms that’s recommended due to the wide array of different features that it offers to its users.
  • The app has a clean, user-friendly design with easy-to-find menus and icons, so you can navigate it without any hassle.
  • However, for users in regions with regulatory restrictions, like myself, the process becomes more complicated.
  • OKX exchange offers 344 different cryptocurrencies that users can trade on the international cryptocurrency exchange against stablecoins, Bitcoin, and Ethereum for 729 trading pairs.
  • The only company I have been using from day one is (Ab hașh) and every time I receive my payout with no issue.