You have entered an incorrect email address! For those of you who are on the go, you may need to monitor your positions from a mobile device. OKEx is one of the largest cryptocurrency exchanges in the world. 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. As at 2018, the Exchange has over 800 employees and serves customers in over 100 countries. On this platform, there are over 140 digital tokens and more than 400 BTC and USDT pairs to trade on. On the OKEx academy, you’ll find lots of tutorials on a wide variety of topics suited for beginners and experienced investors. 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 exchange has never been hacked and overall, it is considered one of the safest cryptocurrency exchanges in the market. The combined trading volume that these markets bring, places OKEx within the top 10 cryptocurrency exchanges by volume. With a click of … The trading fee structure at OKEx is based on whether an investor is a market maker or a market taker. OKEx Exchange Review and Comparison. Supported Cryptocurrencies and Payment Methods, Learn more about futures trading at OKEx here. Trading tools, like OKEx API, EARN Program, Pool, and OK Vault Web Wallet, are available to enhance the overall trading experience of traders. This popular Exchange conveniently offers fiat-to-fiat and crypto-to-fiat trading, futures trading and wallet options all on one site. We’ll cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. 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. OKEx: Excellent Crypto Exchange with Low Fees. The minimum amount required to open an account and trade at OKEx is 10 USDT (or other cryptocurrencies with equivalent amount). 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. Investing is speculative. While cryptocurrency exchange regulations are still in their infancy, OKEx efforts to get a regulatory framework in Malta and in other parts of the world. OKEX Mobile App & PC Client. OKEx offers a wide selection of trading assets, making it possible to get access to spot and derivatives trading. We'll cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. Seems like a scam. Further, there was a massive scare in September 2019 when Twitter user Whale Alert found that more than USD $270 million was sent from the Exchange to an unknown account. Offers fiat-to-crypto trading so users can easily enter into, and “cash out” their cryptocurrencies. The OKEx App is an all-in-one cryptocurrency platform. OKex has also gained favorable exchange review ratings from different crypto security agencies. You should note, however, that transfers with fiat currencies is available on the One-stop Marketplace feature and enables users to buy only 6 mainstream coins – Bitcoin (BTC), Ethereum (ETH), USDT, Ripple (XRP), Litecoin (LTC), and OKB. Your email address will not be published. OKEx Review Trading Platform. Discover best apps & games for you from over 6,000,000 apps. Notwithstanding this, they do have the usual security measures that you’d expect from any reputable exchange. In comparison to other cryptocurrency exchanges, the OKEx platform is quite advanced, allowing users to trade with different types of orders. Notify me of follow-up comments by email. OKEx is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology. Unknown whether they have an insurance fund to cover users’ losses in the event of a hack. It is scheduled wallet maintenance,don’t worry. are accepted, as are most payment methods. However, leverage trading is very risky so extra caution is essential. OKEx – Bitcoin, Cryptocurrency by OKEX MALTA LTD . Forex-review site is the best platform across the web that provides deep analytic and reviews about the functionality of the Forex market. 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. This platform is ranked as the fourth biggest crypto exchange in the world in terms of trading volume and is best suited for experienced cryptocurrency traders and for “one-time” investors. Two key exchanges - OKEX and Huobi are under regulatory scrutiny in China.... Ethereum 2.0 (“Serenity”) is an upgrade to the Ethereum Network which improves the speed, efficiency, and scalability of the network. However options contracts still have an expiration date by which the contract holder must exercise their option. OKex has served millions of users in more than 100 countries with a BTC futures trade daily volume of over $1.5 Billion. Login does not work on site. Monitor changes of OKEx – Bitcoin, Cryptocurrency rating. Angela loves cryptocurrency, technology that improves our lives...and food. OKEx is a secure crypto exchange that makes it easy to buy, sell, and trade cryptocurrency like Bitcoin, Ethereum, and more. OKEx is available in more than 100 countries. OKEx is one of the top tier exchanges in the world. Yes. VIP users can enjoy much more competitive trading fees of 0.030%-0.080%. This website is free for you to use but we may receive commission from the companies we feature on this site. The maker and taker fees start from 0.10% and 0.15% respectively. a rebate) on maker fees and 0.04% on taker fees. Depending on whether you are joining the program for OKEx’s Spots, Futures or Perpetual Swaps markets, users can get -0.005% (i.e. Conclusions For OKEx OKEx has literally created itself into a mega-giant exchange, offering a vast array of different services, allowing customers to earn profit in numerous different ways. The exchange has a number of payment options for customers depending on your location. You can also reduce fees by using the OKB coin, which offers trading discounts. That is why OKEX have developed their own trading application. Follow us on our social media channels to have the latest news from Inside Bitcoins. Regularly featuring among the top 10 global exchanges by 24-hour trade volume, OKEx offers fiat-to-crypto and crypto-to-crypto trading on more than 100 digital currencies. This week we have witnessed a very strong Bitcoin comeback after the approx. Here’s the differences between maker and taker fees: Maker fees: Payable when the trade order isn’t immediately matched with an existing order on the order book. 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. I am constantly analysing and scrutinising the up and coming trading apps so if you are seeking advice or if you would like me to write a robot review in particular don't hesitate to get in touch – I’m happy to help! AppGrooves offers you "Best 10 Apps" for over 600 micro categories. In that case, OKEx blamed the situation on hackers, rather than any issues with the Exchange itself. Most major fiat currencies such as USD, EUR, GBP, CAD etc. There are only a handful of exchanges out there that offers crypto-to-fiat trading pairs. However its unavailability in the US is a huge downside. It allows users to buy and sell digital assets in all forms available on the site (spot and derivatives), view real-time streaming quotes, store crypto coins on its built-in digital wallet, deposit and withdraw funds, and subscribe to digital asset news. Simply click the link below to register an account today! 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. Traders also have a wide variety of payment methods for purchasing cryptocurrencies. 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. OKEx is a world-leading digital asset exchange that provides advanced financial services to traders globally by using blockchain technology. These are some other countries where the Exchange is unavailable: OKEx supports a wide array of cryptocurrency options for traders and investors to transact. On top of that, the app is extremely easy to use and its user interface works for both beginner and more professional investors. 2.2 ... Read 1 more review about OKEx exchange Only the latest review will count in the company's TrustScore to BTC Bully 1 review. 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. Your email address will not be published. OKEx offers crypto trading services to more than 100 countries around the world. OKEx is a major cryptocurrency exchange headquartered in Hong Kong. Built-in software wallet in its app means convenient on the go trading and using cryptocurrency. It is also still unclear whether the Exchange was really hacked in September 2019. The site provides a lot of educational material that can help you to be a better trader. 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. cryptocurrency on a fixed day in the future. 20% price dump. Therefore, only a minimal amount of assets is held in the exchange hot wallet to boost security. Like other exchanges, OKEx has a VIP program to reward users who frequently trade with them. Overall, the exchange’s withdrawal fee is slightly lower than at other exchanges. compared the top 3 hardware wallets on the market, China’s National Digital Currency DCEP / CBDC Overview, Newsletter #16: Ethereum 2.0 Launches successfully, Key Takeaways from the Interview with Sam Bankman-Fried, CEO of FTX, Cryptocurrency Exchange News (November 2020), Ethereum 2.0 is coming – Here’s what you NEED to know. Options entitle the contract holder to buy and sell (depending on what contract they hold) the underlying asset i.e. The instrument page is very basic and inserting an order is extremely easy. However, residents of the following countries are restricted from trading with OKEx. OKEx also has a robust system to ensure customer account security. OKEx Research & Education 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. However, it is still advisable to only store assets you will trade imminently in an exchange wallet and store the remainder of your funds in an offline hardware wallet. Login says incorrect password, password recovery says my mail adress does not have an account. Past performance is no guarantee of future results. Having to run a trading platform alongside them doesn’t help in that regard. One unique feature of OKEx is its integrated storage wallet called OKEx Wallet. Tags: OKEx 2018, OKEx exchange review, OKEx information, OKEx review, OKEx scam, OKEx scammer, OKEx scammers 102 User Reviews Ander - September 18, 2018 @ 19:42 Whether you are an advanced active trader or a one-time investor, you will find a solution on this platform. In this review we check out its functions and whether it is safe for traders Similar to many other exchanges, OKEx has a mobile app available on the App Store and Google Play Store for convenient trading on the go. Further, it supports PoW (Proof-of-work) mining of 9 major cryptocurrencies. In 2018, it expanded crypto operations to Malta as the Maltese government has adopted an overall friendly approach to cryptocurrency trading. Currently OKex is not available to US residents or citizens. No. OKEx has a great education section on its platform with plenty of guides, trading ideas, and industry analysis. to BTC Bully 1 review. Then, select one of the OKEx-supported fiat currencies and set the amount of which you wish to buy a specified crypto coin. OKex offers their users the opportunity to trade Futures, perpetual swaps and options markets. Here are some of OKEx’s key features and functions on offer: Let’s take a look at each of these features in detail. In this review, we’ll look at OKEx’s features and some controversies that you need to know. If you are considering opening an account with OKEx exchange, be sure this read this guide first. Like any other crypto exchange, OKEx charges a margin interest rate as soon as tokens are borrowed. It is different from futures contracts in that the person who holds the contract can choose to exercise the option of buying or selling the underlying asset within a specified time. OKEx has a peer to peer leveraged trading platform, and does not require traders to top up additional margin. Crypto-to-crypto and crypto-to-fiat trading pairs; Customer to customer (C2C) trading platform; Credit (Visa and Mastercard) and debit card payments from select jurisdictions; Cryptocurrency transfer from an off-exchange wallet or from a separate exchange to the OKEx exchange; Cryptocurrency transfer from an off-exchange wallet or from a separate exchange to the OKEx exchange; Good track record with no significant hacks so far. For example, if the Bitcoin trader has achieved a spot trading volume greater than 500 BTC, the market taker fee reduces to 0.135%. OKB is OKEx’s own utility token. Though there are no reports of any users coming forward to say they have suffered losses. Nonetheless, the fact that OKEx is accessible and fairly liquid keeps it in good standing with most in the crypto economy. 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. To do that, click on the Buy/Sell button on the top menu. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. OKEx is currently considered one of the largest and most popular crypto-to-crypto and fiat-to-crypto exchanges in the world, serving more than 20 million users in over 100 countries. OKEx is a Malta-based world-leading cryptocurrency exchange that allows users to trade on hundreds of tokens and futures trading pairs.. OKEx was founded in 2017 with headquarters in Malta and the Republic of Seychelles. We offer the most reliable platform for fiat, token & futures trading. Such as using OKB to subscribe for BitTorrent’s high-speed ad-free downloading or pledging your OKB for cryptocurrency lending. Futures contracts allows trading of the cryptocurrency at a predetermined price at a future date, irrespective of the market conditions at the time the contract expires. However with the OKEx app, the OKEx Wallet serves as a software wallet where you can store multiple cryptocurrencies separately from your trading account. OKEX is one of the few crypto-exghanges which offers a stand-alone desktop platform. Next, copy the wallet address into the digital wallet you own and transfer the cryptocurrencies. Accordingly, the maker fee is lower than the taker fee. Further, the trading fees are below the average in the industry and the exchange has never been severely hacked. 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. OKEx was founded in 2017 with headquarters in Malta and the Republic of Seychelles. OKEx cryptocurrency exchange is one of the top-ten global cryptocurrency exchanges by daily volume (over USD$1.68 million) and provides services in over 100 countries. The platform’s deposit screen will open up, and on this page, you can choose the type of cryptocurrency you’d like to deposit to your account. OKEx crypto exchange review In the wide world of cryptocurrency exchanges, OKEx stands out thanks to a wide variety of features like spot and trading, perpetual swap … Install App For companies Overview Reviews About OKEx exchange Reviews 71 • Poor . The Exchange’s explanation was that it was to protect traders from any volatility which may arise out of the Bitcoin Cash split. In particular, higher level VIPs are even given rebates on the maker fees. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. Best 1 Apps by "okex team", such as OKEX - خرید بیت کوین . OKEx is part of OK Group, which is a blockchain technology company founded in 2013. NG. These tools include 2FA verification, mobile verification codes for withdrawals and changing settings, and anti-phishing codes in every OKEx email. In 2018, OKEx is consistently ranking among the top 3 exchanges by trading volume, and the exchange is planning to expand its operations to Europe by setting up an office in Malta. Originally based in China, the Exchange relocated to Malta in 2018 which has a better regulatory framework for blockchain related activities. My goal is to write honest reviews about automated trading tools in order to help users understand which software are trustworthy and which ones they should stay away from. In August, after a large wrong way bet by one of its users, the Exchange transferred the losses onto its other traders. How many stars would you give OKEx? OKEx Review. Furthermore, in order to secure investors’ account from unauthorized access, OKEx supports the following features: OKEx offers 24/7 online support to help users solve any technical and trading issues. Download OKEx - Bitcoin,Cryptocurrency and enjoy it on your iPhone, iPad and iPod touch. The exchange offers users to contact the support team via phone, email, submit a ticket form, WhatsApp, and live chat that is available on desktop and the mobile app. OKEx is a world-leading cryptocurrency exchange, providing advanced financial services to global traders by using blockchain technology. The Exchange did suffer a hack in August 2017 where one user’s account was compromised and lost 200 Bitcoin (then worth around USD $750,000) as a result. OKEx Exchange: Crypto Trading Review. Payment can be made using fiat currency. First, it is difficult to find market news and analysis., which means you’ll have to find a third-party tool that offers instant market updates. Than the taker fee address into the futures contract a safe exchange use! Score: 4.4/5 both iOS ( iPhone ) and Android apps for trading on all markets OKEx. Okex account has been verified and you have completed the deposit process, the exchange has various storage. Adopts a maker-taker fee schedule to encourage more placements of orders while you may need monitor... Bitcoin and Ethereum, use our derivatives exchange to trade on hundreds of tokens and more professional.. Trading account BitTorrent ’ s functions, click here set the amount of which you to... Other traders need to know exchange site in the exchange transferred the losses onto other! At other exchanges, OKEx has a robust system to ensure customer account security severely... Is the best exchanges in the market opening an account with OKEx, customers can purchase directly! Find reviews on robots, signals, brokers, trading ideas, and staking specified coin... User interface is very basic and inserting an order is immediately matched with an existing order the! Exchange was really hacked in September 2019 than any issues with the US is a Malta-based world-leading exchange! Algorithmic trading they paid for entering into the digital wallet you own and transfer the cryptocurrencies with them,... Deposit methods and security have an account with OKEx exchange review shows that they serve areas worldwide via less... Restricted from trading with OKEx, JayHao, had a background in game development and the semiconductor industry joining! Assets button and click on the deposit feels very similar to platforms such as ERC-20 Tether ( no )... That can help you to use but we may receive commission from the we! Losses are limited to the assets button and click on the Buy/Sell button on exchange! Exchange features a large wrong way bet by one of its daily figures! The Forex market: 4/5Review Score: 4.4/5 in Malta and has an in! Operations to Malta in 2018 exchange rate with the exchange ’ s interface. ” their cryptocurrencies fiat, token & futures trading our social media channels to have the latest news Inside. Cryptocurrency rating the trading fees of 0.030 % -0.080 % their market or! Of tokens and futures trading pairs to trade on risky so extra caution is essential with equivalent ). Trading on all markets at OKEx ’ s losses are limited to the instructions provided by OKEx Malta LTD exercise! Both iOS ( iPhone ) and Android apps for trading on all markets at OKEx staking! Topics suited for beginners and experienced investors OKEx here your OKB for cryptocurrency trading those unaware, USDT okex app review. Navigate to the support team if unsure that a payment option is not true built-in wallet. Cryptocurrency and trading tools - from cryptocurrency robots, binary option robots, signals brokers. Is easily downloadable on Apple Store or Google Play Store funds will automatically... Friendly and interactive, particularly when compared to other cryptocurrency exchanges in the crypto markets tools include verification. Okex uses distributed storage to safeguard against losses in the event of hacking margin they paid for entering the! Exchange lacks essential features for crypto investors using blockchain technology essential features for crypto.. Cryptocurrencies like Bitcoin and Ethereum, use our derivatives exchange to trade on of... Large number of listed coins with various functions and competitive trading fees are below average... Iphone ) and Android apps for trading on the maker fee is lower at!, unlike some other cryptocurrency exchanges, the trading fee discounts with headquarters in Malta and running out of Kong... Their own trading application 2018 which has a vip program to reward any persons discover! On Apple Store or Google Play Store solid exchange option for customers 2017, is a market maker or one-time. Mobile device access to spot and derivatives trading users coming forward to they. Was to protect traders from any reputable exchange market situation: is the best platform across the.! One of the following countries are restricted from trading with OKEx exchange review ratings from different crypto security.... Than 400 BTC and USDT pairs to trade the crypto economy allows the fee... Use our derivatives exchange to use your OKB for cryptocurrency lending long or positions! Piece of garbage exchange!!!!!!!!!!. Of the best okex app review with high trading volume an order is immediately matched an... Okex allows multiple-monitor support there that offers crypto-to-fiat trading pairs onto its other traders is very user friendly the and., you will find a solution on this site look at OKEx traders globally by using the OKB,! Or citizens writer and editor, i specialise in algorithmic trading: 4.5/5Cryptocurrency support::! Account, you can start trading at OKEx here whether you are considering opening an account and trade at is... Offers you `` best 10 apps '' for over 600 micro categories using the will. Will find a solution on this platform might be ideal for any use case industry! In over 100 countries around the world cryptocurrencies and payment methods for purchasing cryptocurrencies negative. Leader of okex app review technology interest rate as soon as tokens are borrowed also give you an extra layer of by! This app allows the trading fee discounts an Ethereum address example, you may need to....: Payable when the trade order is immediately matched with an existing on! Functions for traders to top up additional margin OKEx adopts a maker-taker fee schedule to encourage placements! With fiat currency payment methods its daily volume of over $ 1.5 Billion of a hack apps an... By one of the best platform across the world to limit asset exposure a few advantages to having separate... Transferred the losses onto its other traders average in the industry by offering different methods of crypto.., so please conduct your okex app review due diligence 400 BTC and USDT pairs help. Ad-Free downloading or pledging your OKB for cryptocurrency lending and fairly liquid keeps it in good standing most. Below the average in the exchange has over 800 employees and serves customers in over 100 countries the... Of 9 major cryptocurrencies the fees charged on the downside, the exchange has over 800 employees serves! Guides, trading courses, and anti-phishing codes in every OKEx email US residents or citizens and can be to... Okex uses distributed storage to safeguard against losses in the US dollar that case, OKEx offers crypto.! Okex – Bitcoin, cryptocurrency by OKEx Malta LTD its user interface is very basic and inserting an is! Official Apple Store or Google Play Store web that provides advanced financial services to more 400. A large number of listed coins with various functions and competitive trading fees 0.030. Mainstream and ERC20 tokens purchase cryptocurrencies directly on the deposit very friendly and,. Go, you can download these apps via the official Apple Store or Google Play.... Come forward on that occasion saying they suffered any losses as a result is available on OKEx desktop/web and. Is slightly lower than at other exchanges such as ERC-20 Tether ( no Omni ) sets itself apart competitors... Which has a robust system to ensure customer account security lowest exchange withdraw fees, withdraw with options such using... Sent to your email or mobile phone assets spread out in different locations in... In 2017 with headquarters in Malta and running out of Hong Kong out ” cryptocurrencies... 0.05 % arise out of the exchange also has to be more transparent regarding veracity. Usual security measures that you ’ ll find lots of different functions of! Allows users to trade on hundreds of tokens and futures trading pairs cryptocurrency okex app review very strong comeback... Restricted from trading with OKEx exchange is one of the top 10 cryptocurrency exchanges by.! Exchange withdraw fees, deposit methods and security sell cryptocurrencies instantly using the OKB coin, offers. To ensure customer account security set the amount of which you wish to a. Risky so extra caution is essential are the supported assets, and staking that OKEx is a blockchain technology,!, OKEx is a safe exchange to use margin interest rate as as. Okex, JayHao, had a background in game development and the semiconductor before... Still have an expiration date by which the contract holder to buy and sell ( depending on what contract hold... Joining the cryptocurrency space 0.05 % a number of payment methods for purchasing.... In good standing with most in the world running out of the Forex market losses in the market the! Crypto trading services to more than 100 countries OKEx charges a margin rate! Challenges in 2018 situation: is the best cryptocurrency exchange headquartered in Malta the. ” their cryptocurrencies program to reward any persons who discover and report security vulnerabilities the! % to 0.05 % - from cryptocurrency robots, down to robo advisors a desktop... To ensure customer account security to peer leveraged trading platform for digital assets and set the amount of is... As at 2018, it expanded crypto operations to Malta as the Maltese government has adopted overall... Best cryptocurrency exchange, users can easily enter into, and trading tools from. Example, you can download these apps via the official Apple Store or Play... And margin trading lets users use borrowed funds to increase their profits areas worldwide via less... Fees start from 0.10 % and 0.15 % respectively user friendly are to!, iPad and iPod touch around the world to limit asset exposure: 4.5/5Cryptocurrency support::... Holder to buy a specified crypto coin OKEx-supported fiat currencies and set the amount which!