Cryptocurrency exchange

CryptoCompare December Review Surging Institutional Demand For BTC

okex review

On February 14th, OKEx partnered with India’s largest Cryptocurrency trading platform, CoinDCX, to launch a new crypto futures product in India. The partnership has been said to enable DCXfutures and new crypto futures products allowing users to trade these products against major cryptocurrencies with a reported 15x leverage. Further to this, customers can trade perpetual future contracts with Bitcoin and Ether, the statement reads.

Reliable crypto exchanges usually have a mobile app that you can use on the go. An app can come in handy if you need to make quick transactions or check the pricing without having to use a desktop device. Some mobile apps allow you to perform all trading actions from your phone, which is a great plus for those who appreciate accessibility and convenience. If having access to a trading platform on the go is something you find necessary, make sure to choose an exchange that offers a reliable mobile application. Even though cryptocurrencies are becoming more and more popular, they have not yet gone mainstream.

OKEx Mobile App

The company is known for providing a safe and secure environment for digital asset trading. The company behind both of them is based in China and focuses primarily on the domestic market. OKEX offers extremely low trading fees when compared to the competition. That being the case, only three coins are available for trading. The addition of futures contracts may be nice for miners willing to hedge their “crops”, although we would not recommend trading in them unless you are very experienced.

Which country owns OKEx?

OKX (Chinese: 欧易), formerly known as OKEx, is a Seychelles-based cryptocurrency exchange and derivatives exchange.

The platform supports the Web3 wallet, which allows users to manage digital assets across multiple networks. However, the services offered by this exchange extend far beyond spot and derivatives trading. OKX Earn allows clients to receive additional money by funding online crypto-margin loans at a provided interest rate. Investors can also get earning tokens online from mining pools and staking on the Web3 Yield platform, as well as from decentralised exchanges and lending platforms.

OKEx Contact and Customer Service

Compare the markets and instruments offered by OKX and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Additionally, existing clients can use their unique referral code to invite new users to the platform. Up to three rewards worth $10 in BTC are available for each person referred. The first two account types allow for margin rates to be established from the total position sizes open – standard for low and mid-level clients. For mobile traders, an iOS and Android application can be downloaded from the relevant app store.

okex review

This feature makes it easy to withdraw funds from OkEx at any time because there is no waiting period needed before your action is executed. Cryptocurrency on OKX can be purchased using fiat currency deposited from an external wallet or bought through P2P trading. Crypto can be purchased in over 90 fiat currencies, including GBP, EUR and USD. In addition, it can be bought through a third-party payment service such as Mercuryo, Banxa or MoonPay (the type of crypto being bought will dictate which payment options are available). There are hundreds of tokens and trading pairs available and the list of cryptocurrencies constantly changes as system updates bring new listings.

What Order Types are Provided by OkEx?

Additionally, the platform offered by OKEX allows multiple-monitor support. With a click of a button you can duplicate the entire layout multiple times and move it to another monitor. There aren’t many user reviews specifically for OKEX, but as the company is part of OKCoin, we can assume they offer the same level of service. Those who were frustrated with the way USD bank transfers support ended are the least happy customers. OKEx offers users a trading experience while on the go through its mobile app. The OKEx mobile app is available to download on the Google Play Store for Android and the Apple App Store for iOS devices.

  • Cryptos available to invest in include popular assets like Bitcoin (BTC) and Ethereum (ETH), as well as more obscure ones like MXC and NAS.
  • However, many cryptocurrency derivatives exchanges have embarked on a risk management model that carries its own form of mutualisation.
  • The crypto broker has attracted more than 20 million global clients with its spot and derivative products, alongside its lending and mining solutions.
  • In particular not all services and companies will accept cryptocurrency as a valid payment method.
  • We can help you to buy Bitcoin, Ethereum or many other cryptocurrencies.
  • Some of their oldest strategies, such as BTC Lo, were active for more than 3 years exceeding the expectations of their base indicators.

OKX accounts must be funded with digital currencies – fiat currency deposits are not accepted. Clients can purchase cryptos using a credit card or transfer tokens from a hardware wallet address or alternative exchange. In fact, the exchange offers some of the most competitive crypto pricing that we’ve seen.

You can get it from the Apple Store and Google Play Store in all supported countries. One of OKEx’s many benefits is that the platform supports different coins and currencies – whether for payments, transactions, or trading activities. The 24-hour trading volume on OkEx is about $400 million, which is a lot more than the other major exchanges. This means that you have greater chances of filling your trade at the price and quantity that you want. Conditional orders enable traders to specify trading conditions such as buying/selling only after certain events happen, such as when Bitcoin reaches a specific price level. Compare and OKX in this detailed breakdown of their platforms, features and fees.

To make a transaction, you can either deposit your local currency or any other cryptocurrency you own. Other peer-to-peer cryptocurrency derivatives markets practise a different version of risk sharing to prevent individual defaults causing a cascade. But some popular unregulated cryptocurrency derivatives don’t settle at all. For example, BitMEX’s most widely traded product is a perpetual bitcoin contract.

Limit Order

OKEx is a cryptocurrency company offering a crypto exchange and a suite of additional services. The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States. OKEx may be a good choice for global cryptocurrency traders looking to buy and sell with low exchange fees. OKX is a crypto exchange that is based in Seychelles and offers products to investors. It has over 20 million active users and consistently ranks in the top 15 of the list for trading volume.

okex review

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