OKEx Exchange Review 2024: Is It Worth It? + Alternatives
okex review

We’ll cover NFTs later, but there’s also an OKX wallet, so you can buy, sell and manage your NFTs all from one place (we know you’re looking to get into NFTs, all the cool kids are doing it!). It’s got so much going on, you can even join a pool (group of people) to mine bitcoin, and build apps on a blockchain (a crypto network). From our experience, the best way to contact a representative is through their helpdesk on X.

Ease of Use and Interface

okex review

Major exchanges such as Binance and KuCoin have launched earn sections on their platforms, and OKX wasn't going to sit out on this widely popular crypto feature. OKX Fees on Perpetual Swaps- Perpetual swaps have similar fees to normal Futures. VIP users have slightly higher taker fees and higher maker rebates. That is why OKX has provided several tools to help users secure their accounts. You’ll get started by registering an account using your personal contact information.

Account Management

Additionally, we also compare these fees with industry standards to give a thorough perspective on each exchange’s affordability. The dual-charting capability, with TradingView and OKX’s native charts, provides a comprehensive and versatile trading experience with the ability to change between them with ease. OKX’s navigation is reminiscent of a decentralized exchange like Uniswap. Users can switch quickly between the exchange and their decentralized wallet, connect third-party wallets from the nav bar, and view gas fees for mainstream blockchain networks with a single click. Testing a week later found withdrawals in GBP had been permanently disabled, but the options for AUD and EUR withdrawals were still available.

okex review

OKX Exchange Fees

okex review

We focus on the essentials and potential savings through native tokens and various discount schemes. Our unique methodology provides a clear view of fee structures and how they benefit traders of all levels. OKX integrates both basic and professional features into a unified user experience on the desktop, eliminating the need for separate applications or browsers.

  • In addition, it can be bought through a third-party payment service such as Mercuryo, Banxa or MoonPay (the type of crypto being bought will dictate which payment options are available).
  • Therefore, users should consider their trading needs and preferences when choosing a cryptocurrency exchange or a crypto exchange.
  • Overall, OKX offers a great trading experience that is on par with other top exchanges like Binance & Kraken.
  • While there’s no direct mention of an active in-house bug bounty program from OKX, it works with Hackenproof, a leading Web3 bug bounty platform.
  • OKX’s pricing structure is pretty appealing, staying consistent across different trading volumes — whether you’re trading $10k, $100k, or $500k.
  • However, there is a minimum amount of Bitcoin network fee that users have to pay when they withdraw Bitcoin from the exchange.

Helpful Customer Support

  • It also offers additional features like the ability to set up a withdrawal password and anti-phishing codes.
  • The unverified OKX accounts may access daily withdrawals of up to 10 BTC and a trading limit of $500.
  • Moreover, the wallet supports 36 digital assets, multiple vaults and integrates seamlessly with the main OKX trading application.
  • These futures contracts are an obligation to buy/sell, which differs from options.
  • For seasoned traders looking for advanced trading and a diverse selection of crypto options, OKX is a strong player.

OKX is a digital asset trading platform with tools and options designed to suit both beginner and experienced traders. All the options are good; however, if you encounter a very specific issue, it’s recommended to contact live customer service and solve that problem immediately. To make sure that OKEx support is actually helpful, I analyzed a number of user OKEx exchange reviews, as well as contacted them myself. My personal experience was completely the same as that of other users; OKEx customer support responded quickly, and provided the information that I was looking for. Every cryptocurrency exchange platform supports a different number of cryptocurrencies. OKEx is a well-recognized brand in the industry and has almost $750m of volume daily.

  • Moreover, when it comes to security and reliability, OKEx is one of the leading platforms.
  • Finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services.
  • This area includes products like Shark Fin, Dual Investment, Dual Investment Lite, and Snowball.
  • Although customers have complained about the support system and there have been rumors about possible hacks, it seems that the exchange is prospering despite any concerns.
  • To buy more complex assets, you’ll have to wade through some deeper thickets, but none that should seriously trip up an intermediate trader.
  • At the time of the report, OKX had been the largest international cryptocurrency exchange by market cap.

There is a 5% fee per transaction and users can pay using VISA or Mastercard. When it comes to cryptocurrency deposits, OKX will not charge additional fees. OKX was founded by Star Xu in 2014 in China, but the exchange was recently relocated to Malta, considered to be the ‘blockchain island’. OKX enables customers to buy cryptocurrencies using their credit card and participate in its mining pool to stake 8 different cryptocurrencies. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses.

OKX (Previously OKEx) Review: Supported Countries and Regions

They also have a huge range of social accounts you can chat and get help on, such as Telegram, twitter, reddit and discord. The OKX wallet is great, and it works via a Google Chrome browser plugin, so it is always available when you need it. It’s got everything you’d want, including previous transactions and a great view of all your okex review NFTs too. If this sounds too complicated for you don't worry, you'll pick it up along the way. You can use an external wallet or create an OKX wallet (more below) to manage everything within OKX. OKX has got a great marketplace to buy and sell NFTs – which includes all the big brands such as Bored Ape Yacht Club and CryptoPunks.

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