If you find any discrepancies or false information about projects, infringement of copyrights or scam, please write us. The OKEx wallet makes it easy for cryptocurrency owners to store, send, receive, and manage their digital assets. Required fields are marked *. Maddy Simpson is an experienced data journalist and fact-checker with a background in financial analytics. Okex Exchange : Buy Bitcoin & other cryptocurrencies - Google Sites Okex Exchange Review- Features, Fees, Is It A Safe Exchange? Initially known as OKEx exchange, it got support and investment advice from leading venture capitalists and investment companies like Ceyuan Ventures, VenturesLab, Longling Capital, eLong Inc, and Qianhe Capital Management, which helped the digital assets exchange to reach the pinnacle where it is now. 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. Save my name, email, and website in this browser for the next time I comment. Cryptocurrency is a digital or virtual currency secured by cryptography and does not exist in physical forms like U.S. Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta, Indonesia, United Kingdom, Lebanon, Mexico, Libya, Sweden, and others. OKEx Review 2021: How To Use Exchange | Fees, API & Cryptos Further, it supports PoW (Proof-of-work) mining of 9 major cryptocurrencies. Read full terms and conditions / disclaimer. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. Unlike futures and perpetuals, options trading contracts are not obligatory, meaning that bearers are given the choice to purchase or sell an asset at a predetermined price and date. Leah Hutton has recently joined Tokenhell team as a freelance writer. Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Speaking of the OKEx API, access is easily obtained with the REST and WebSocket APIs. Time-weighted average price (TWAP) orders and iceberg orders were first seen on OKEx, and theyre commonly used by the platforms traders due to their benefits. If you need extra help, OKX offers a help page and chat support. OKEx allows loans for a period ranging between 3 to 180 days, which are often priced at a 3.65% 15.33% effective interest rate. Supporting only two fiat currencies. It is a Malta-based cryptocurrency. OKEx was founded in 2017 by Star Xu. Albania Wire. Supported fiat: 90+ Withdraw options: ERC-20, TRC-20, BEP-2, and BEP-20. This means transactions can neither be reversed nor tampered with. Buy Bitcoin & other cryptocurrencies | cryptocurrency exchange OKX ( Chinese: ), formerly known as OKEx, is a Seychelles -based cryptocurrency exchange and derivatives exchange. OKEx has a great education section on its platform with plenty of guides, trading ideas, and industry analysis. For spot trades, the most you will pay is 0.10%. OKEx provides a leverage ratio of 10:1 and 20:1 under the margin trading mode, and 100:1 leverages when choosing to buy tokens via perpetual swaps contracts. Okex Payment Methods Although not every pool is currently being used, there are quite a few people mining BTC, ETH, LTC, and XMR. OKB is also usable for traders looking to take part in token sales promoted via the Jumpstart product. With these security features, scams can not touch the platform. Like many other exchanges, OKEx has tiered fees, meaning that lower fees can be accessed by those with a higher trading volume, or by holders of the OKB utility token. Thus, the app serves as an all-inclusive interface that allows both asset storage and trading. Your email address will not be published. OKX uses industry-standard security practices, including cold storage for most customer assets. The minimum amount required to open an account and trade at OKEx is 10 USDT (or other cryptocurrencies with equivalent amount). Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Offers DeFi services to stake your currency and borrow using crypto as collateral. Many European countries have also been adopting positive attitudes towards Bitcoin. These are C2C loans that are facilitated through OKExs matching engine. The Russian government issued a ban on Bitcoin in the past, but has revoked it after many other jurisdictions published their regulations. Most of your OKX account needs will be self-serviceplan to handle your trading and account updates yourself. OKEx offers crypto trading services to more than 100 countries around the world. Customers only connect one of the supported wallets. OKEx exchange gives you the possibility of creating sub-accounts used for crypto trading. Low trading fees are another big plus that will appeal particularly to more experienced traders. A huge selection of digital assets coins Generally, it would appear that the exchange is quite inflexible in its systems and approach but users who understand this and act accordingly report few problems. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. 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. Your email address will not be published. OKX (Previously OKEx) is a global trading platform that is available to over 100 countries across the globe. It also has a built-in trading bot to execute orders with specific rules. Liquidity is always available, yet the number of supported pairs is fairly low. If you open an OKEx account, complete KYC verification, and trade $100 on your first order, you get up to a sign-up bonus. Other investors include notable Chinese VCs including Ceyuan Ventures, Longling Capital, and the Giant Network Group. This process includes uploading your passport and recording a verification video according to the instructions provided by OKEx. Advanced traders will likely prefer the active trading platform with support for market, limit, and stop orders; advanced conditional trades; the open order book for supported currencies on the OKX exchange; and flexible market charts. Some countries have established regulatory a framework for Bitcoin, with some of these insisting that Bitcoin-involved economic activities should be subject to traditional taxes. OKEx does not have its own fiat on-ramp, but it has partnered up with a third party to accept fiat-based deposits as well. These include using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds. Low trading and financing fees Because trading platforms are relatively heavy, downloadable software that takes most of the strain means avoiding the risk of a browser running into memory and processing difficulties and potentially freezing. Offers large trading volumes A leverage ratio, also known as margin trading, is a tool that allows you to open positions with more capital than initially deposited. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Moreover, institutional investment in cryptocurrencies is growing, a testament to the potential and future of digital currencies. OKX (Previously OKEx) Review: Supported Countries and Regions. Accessibility is a major problem with Zenledger despite being a major player. Simply click the link below to register an account today! OKX was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. Cryptocurrency exchanges have some unique security concerns you dont typically face with traditional banking platforms. Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta. Today, the CEO of OKEx is Jay Hao, who was previously involved in the semiconductor industry. Learn more. Perpetual contracts are similar to futures, with the difference being that there is no expiry date. It is a digital trading platform which provides spot trading of digital currencies and fiat currencies to customers worldwide. 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. 2. This includes OKB, which is a utility token issued by OK Blockchain Foundation and can be used for an array of purposes on the OKEx trading platform. 3 : Saving Wallet: It allows you to save their funds and earn interest on it. Our platform is available globally, except in the following jurisdictions: the United States, Singapore, Cuba, Iran, North Korea, Crimea, Malaysia, Syria, Canada, the United Kingdom (specifically regarding our derivatives-related services for retail users), Bangladesh, Bolivia, Malta, and Hong Kong (specifically regarding our derivatives-related services for retail users). OKEx is one of the few crypto exchanges on the market to offer not only a mobile app, but a desktop app as well (rather than only offering a browser version on desktop). OKEx Review - Is It Safe to Buy and Sell Cryptocurrencies? The exchange discusses the main benefits of its brokerage program, and these include high commissions, product performance boosts, and 24/7 support. Of course, OKB can also be used as a means of payment. Contact at info@tokenhell.com if you have any questions. The important digital coins are. If youre comfortable with online financial products and follow security best practices, youll likely have a positive experience with OKX. Of course, any losses that incur on the higher exposure will have to be paid out by traders. As mentioned, there are different types of trading options available including a spot, margin, futures, options, DEX, and perpetual swap. Trading platform is much beneficial for professionals only and not for the beginner. OKEx takes security very seriously, but fund security also depends on how careful users are. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Widely present: OKEx is available in 200+ countries, with more than 20 million users. The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. OKX offers many of the same features as other large competitors. Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Most information youll likely need to know is listed in a robust help center with details about using, updating, and maintaining your account.
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