okex review

One of the most considerable barriers to crypto adoption and DeFi is the complexities and learning curve. So the fact that OKX has built a bridge connecting a user-friendly CeFi interface with the powerhouse of DeFi deserves a standing ovation. You can learn more about the feature-packed OKX Wallet in our OKX Web Wallet Review. Jumpstart gives users a chance to earn tokens from projects before they launch to the public. Getting into projects early and being among the first to acquire tokens from projects in their early stages is a great way to help boost your portfolio’s performance.

OKX Futures Platform

  • The drop-down menu lists several beginner and advanced trading options.
  • OKX can be intimidating for newer traders because it offers many features tailored to people who frequently trade.
  • Additionally, the platform supports multiple take profit/stop loss trigger orders on one position, allowing traders to enter/exit a portion of a trade automatically.
  • Positive reviews focus on an easy online experience, fast transitions, and low 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.

The trading fees on OKX depend on your trader’s level which increases with the amount of OKB holdings or your 30-day trading volume. At level 1, spot trading fees are 0.1% for the maker and 0.15% for the taker. Futures, perpetual swap trading and options all have a 0.02% maker fee and a 0.05% taker fee. High okex review net-worth advanced traders with a high trading volume during a 30-day period can also avail of additional rebates and trading fee discounts. Like most cryptocurrency exchanges, OKX utilizes an order-book-based interface with centralized charting, enabling serious traders to quickly view a pair’s market depth.

Is OKX the best exchange for you?

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. Every cryptocurrency exchange platform supports a different number of cryptocurrencies. OKX also allows different forms of decentralized financing spanning 29 digital assets. It offers traditional DeFi options using Aave, dYdX, Compound, DDEX, and Maker. These have varying interest rates determined by the platform and the token type you’d like to borrow. OKX also enables peer-to-peer lending services with flexible terms.

Top Spot Exchanges

Although OKEx is a stable and easy-to-use exchange platform, you may still need to get some customer support at some point. Whether you have issues with your account or want to inquire about some new trading pairs, the company support is always beneficial. OKEx tries to incorporate as many payment methods as possible, given they are a global digital assets exchange with millions of traders from different countries. You should never overlook trading fees when choosing a crypto exchange platform as they affect your value for money and eat into your potential profits. OKEx provides easy-to-follow directions on how to set up a desktop trading platform.

okex review

OKEx Review : OKEx Pros & Coins & Is Safe or Not?

This is where users who provide liquidity to a decentralized protocol can passively earn its tokens in exchange. The return from liquidity mining can be much higher than that of staking. OKX offers propriety charting tools and those provided by TradingView, adding to its customizability. Additionally, customers can access drawing tools and 70+ technical indicators to perform analyses.

okex review

okex review

If this is not the first OKEx exchange review that you’re reading, you probably know that there aren’t many platforms that can provide you with such functionality. As mentioned at the beginning of this OKEx exchange review, the platform offers great functionality. The final aspect that should be mentioned is that you can choose from multiple payment options, including credit/debit card, bank transfer, PayPal, Payeer, Skrill, GooglePay, ApplePay, etc. In this OKEx exchange review, we’ll find out everything about the platform – its functionality, main pros and cons, and so much more. Essentially, you’ll find out if the platform is as good as the company claims.

Deposit and Withdrawal Options

  • It also offers exceptionally high yields in some cases when participating in staking or saving features.
  • In cryptocurrency trading, such agreements are often tracked in terms of digital tokens.
  • Its trading fees are extremely low, maxing out at 0.1% — about one-sixth of Coinbase’s highest bracket (see our Coinbase review).
  • Internationally, the platform supports ACH, SEPA, Wire, SWIFT, and e-wallet withdrawals using services like Pix, Google, and Apple Pay.
  • If you’re just starting out, it’s wise to ease into the app and explore its functionalities gradually.
  • Last but not least, OXX allows users to expand their digital holdings’ use case with a wide range of Earn products and crypto-collateralized loans.

For instance, a trader can deposit $50 and use it for margin trading. If they leverage it at 2X, it means that if the market goes how they predict, they get to double their money. However, if the market goes the other way, the trader loses double what was leveraged. The OKEx exchange provides up to 100x leverage for their futures contracts, which is impressive compared to others. The 100x leverage means the traders can multiply their investment up to 100 times.

okex review

OKX Deposit Options

  • On the negative side, the exchange lacks essential features for crypto investors.
  • Due to the excellent LTV ratio and wide range of collateral options, OKX is a great platform for those who want to borrow crypto without hassle.
  • This is a number that is increasing all the time with new coins and tokens coming on board at a steady rate thanks to the support of the trading platform.
  • Once these issues have been addressed, there is no reason why the platform can’t continue to go from strength to strength as a great trading choice for all.
  • This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated.
  • Additionally, OKX is active on social media platforms like Twitter and Facebook.