It’s a quick and easy way for beginner to expert cryptocurrency enthusiasts to buy, hold, and exchange hundreds of popular cryptocurrencies with competitive trading fees. 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. If you’re in an area that works with OKX, you can create an account that gives you access to trade 343 spot currencies. OKX could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities. Wrapping things up, keep in mind that OKEx is a Malta-based cryptocurrency trading platform that was founded in 2017, and is now considered one of the most popular crypto exchange platforms.
EToro also has several impressive features, including and especially the Copy Trading feature that lets you directly duplicate exact trades from some of the most popular traders on the platform. For newbies looking to get the hang of day trading, this feature is beyond essential. Like stock trading apps, OKEx https://www.tokenexus.com/ does its best to simplify the crypto trading process for you. It has a clear and intuitive interface, complete with charting tools and different order types. To buy your first cryptocurrency, you have to click on the “Buy/Sell” icon on the top left corner, where you will be directed to the page below.
Investors have to use the OKB token to stake a claim in the project. The staked funds will be locked up for a particular period (let’s say 14 days) before they are released in the spot wallet of the user with the newly minted token of the crypto project. Expected returns vary depending on the crypto project’s offering.
OKX breaks currencies down into different pricing tiers that vary based on trade volume and account holdings. High-volume traders and those with a large holding in the OKB currency may qualify for discounts. Futures, swaps, and options have their own rate schedules with varying fees.
Digital Asset Transactions
There are only a handful of exchanges out there that offers crypto-to-fiat trading pairs. With OKEx, customers can purchase cryptocurrencies directly on the Exchange. Most major fiat currencies such as USD, EUR, GBP, CAD etc. are accepted, as are most payment methods. OKX offers 24/7 online customer support to its registered users to help them solve any technical or trading issues, per our OKX exchange review. The customer support team can be contacted via phone, email-based ticketing, WhatsApp, or live chat, available on desktop and mobile apps.
- While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges.
- If you prefer the spot market, you need to know that OKEx charges both maker and taker fees based on your level.
- OKX could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
- This is done to drive up the token price by reducing the quantity of the tokens available publicly.
- You likely won’t recover any funds if you accidentally send funds to the wrong wallet address.
- Once you are done setting up your futures trading account, you can begin trading once you have moved funds over from your trading account.
- In particular, higher level VIPs are even given rebates on the maker fees.
These include all of those that you can trade with the futures above and the addition of NEO, LINK, and DASH. As is the case with the futures instruments, you have 100x max leverage, and you can choose to margin your position either with coins okex review or with Tether. Also, the settlement on the perpetual swap occurs every 24 hours. It is called a «Swap» because you are swapping the returns for one asset for another. Given that you are doing this, you will have to pay a funding rate.
OKEx Exchange Review: CONS
In the end I found it myself and provided them a screenshot of where to find the information for future client queries. Originally based in China, the Exchange relocated to Malta in 2018 which has a better regulatory framework for blockchain related activities. OKEx is part of OK Group, which is a blockchain technology company founded in 2013.
Cryptocurrency can be transferred to your own wallet, whether that is a web, hardware or mobile wallet. Most information you’ll likely need to know is listed in a robust help center with details about using, updating, and maintaining your account.