okex review

If you have any problems with your account or have a query about a transaction, OKX offers a handy online support center with answers to a wide range of frequently asked questions. However, if you can’t find the answer you’re looking for, you can submit an online support request, open a live chat window or email the company. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books.

  • Jumpstart gives users a chance to earn tokens from projects before they launch to the public.
  • OKEx provides easy-to-follow directions on how to set up a desktop trading platform.
  • The platform has undoubtedly managed to curate an extensive set of tools and resources that cater to most of the requirements of a cryptocurrency investor.
  • People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Peer-to-Peer Trading

okex review

OKX maintains different percentages for trading futures and options, but they all use the same structure — only the maker and taker fee percentages change. Regular users advance through the ranks by holding OKB, the coin pegged to OKX’s business performance (not to be confused with OKTC, the token for its technical infrastructure). The more OKB you hold, the higher your tier and the less you pay per transaction. Before you go on, note that trading crypto is incredibly risky, even at the best of times.

OKX (Previously OKEx) Review: Supported Countries and Regions

okex review

We really liked OKX because they have a pretty strong community around it with numerous telegram & Facebook groups. This is an excellent way to bounce some trading ideas off fellow local traders. We are all well aware of the frustrations of waiting forever to get a response from an exchange on our queries.Thankfully, with OKX, you have a pretty strong support function that can help users.

okex review

Is OKX a Good Exchange?

This process includes uploading your passport and recording a verification video according to the instructions provided by OKEx. 74% of retail investor accounts lose money when trading CFDs with this provider…. Don’t invest in crypto assets unless you’re prepared https://www.tokenexus.com/ to lose all the money you invest. On top of that, the app is extremely easy to use and its user interface works for both beginner and more professional investors. On top of that, OKEx offers a crypto mining pool, Crypto-to-Crypto loans, and staking.

okex review

Supported Cryptocurrencies and Trading Pairs

  • We do a full deep dive into the security of OKX in our OKX Security Analysis.
  • There have also been previous reports of system hacks and loss of crypto from several users.
  • The platform provides highly flexible contracts with weekly, bi-weekly, and monthly options.
  • If you pop on over to the position tiers guide, you will see that the 100x leverage (or 1% margin) only applies to those positions that are less than 3,000 contracts.
  • In return, one can use their USDT to invest in an OKEx interest-earning facility and thus -generate passive income.

Compared to other cryptocurrency trading apps, the OKX app has some advantages and disadvantages. When compared to Coinbase, the OKX app has a far wider range of cryptocurrencies and more advanced trading features. However, Coinbase has better customer support, benefits from a stronger reputation, is regulated, and is more beginner friendly. Like spot trading fees, the maker and taker OKX fee for both futures and perpetual starts at 0.02% and 0.05%, respectively. This fee also varies or reduces based on the OKB tokens the users hold.

OKX customer support