OKX Review: A Complete Derivatives Cryptocurrency Exchange

okex review

OKEx currently offers leverage of up to 100x, depending on the type of financial instrument. When trading derivatives, you can also opt to go long or short on the trade. The platform currently has one of the most extensive lists of supported cryptocurrencies, along with over 448 trading pairs. In our OKEx review, we cover everything you need to know to assess whether the platform is right for you. This includes metrics surrounding fees and commissions, tradable cryptocurrencies, features, safety, and more. Some users report slow response times, though I cannot say I found the support times too terrible.

okex review

Trading Tools and Margin Trading Options

In the wide world of cryptocurrency exchanges, OKX stands out thanks to a wide variety of features like spot and trading, perpetual swap contracts, futures, options, and even DEX trading. In addition, the Seychelles-based digital asset trading platform features Earn and Jumpstarts platforms, allowing users to generate additional revenue with their digital currency holdings. https://www.tokenexus.com/ You can buy and sell six stablecoins in addition to Bitcoin and Ethereum using the P2P marketplace, which is comparable to platforms like ByBit and Binance, which support four and seven, respectively. Overall, the OKX App is a reliable, highly functional, and secure cryptocurrency trading platform with a range of advanced trading features and crypto products.

okex review

How long does a deposit take OKX (Previously OKEx)?

Trade over 300 cryptos on one of the world’s largest digital asset exchanges. No, KYC is not mandatory for using the OKX (Previously OKEx) trading platform. However, you can complete the KYC to get extra benefits like an increase in 24-hour withdrawal limits.

okex review

OKX Review: Quick Trade

  • Getting started with the app is straightforward, requiring users to create an account and undergo KYC verification.
  • The innovation behind the platform to pursue so many different avenues of blockchain is fantastic to see.
  • Simply hit the “Convert” button as you can see in Step 2 and select the assets you want to exchange.
  • They are also known to cater very well to Asian-based traders with support for currencies like the Chinese Yuan that may be difficult to find elsewhere.
  • When it comes to the options platform, the layout is similar, although the functionality is quite different.
  • This shift includes a formal announcement of its withdrawal from the Chinese mainland market, emphasizing its global operational approach rather than being identified as a Chinese company​​.
  • We tested it by coming in with a typical problem — how to deposit crypto from another wallet — and took some time to find the article.

There are 1,253 leaders on OKX, who can be filtered by PnL%, PnL, win rate, and AUM, meaning it’s far more active than crypto copy trading exchanges like PrimeXBT. Investors can start earning interest as soon as they transfer the crypto to a staking wallet, where it will generate daily returns. OKX makes the first interest payments two days after a user pledges the assets, after which rewards are paid daily. However, be prepared for potential delays in response times, as reported by some users. For a deeper dive into user sentiment on OKX’s customer support, check out OKX reviews on Trustpilot.

okex review

  • Frankly, given the manipulative nature of features like Shark Fin, it doesn’t seem like OKX is putting trader satisfaction ahead of liquidity in 2023.
  • This area includes products like Shark Fin, Dual Investment, Dual Investment Lite, and Snowball.
  • If you need more information about OKEx including FAQs, guides, documentation, or to submit a support request, please visit the OKEx Support Center.
  • From a user perspective, the company also abides by all required KYC and AML regulations as well as requiring 2-factor authentication to access the exchange.
  • Market makers can receive rebates if they generate over 100k in BTC trading volume on a 30-day basis, similar to other platforms like ByBit.

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