OKX Supported Countries. Trading ideas, cryptocurrency fundamentals, and other technical knowledge is also readily available. allowing users in over 180 countries . This website uses cookies for functionality, analytics and advertising purposes as described in our Privacy Policy. Accessibility is a major problem with Zenledger despite being a major player. OKEx even provides access to free bitcoin incentives that are accessed through the completion of daily missions. Those looking to build their very own cryptocurrency exchange might want to leverage the OKEx Cloud, an incredibly easy means of accessing the platforms world-class technology. Yes, OKEx offers the OK Vault multi-currency wallet that allows users to store mainstream and ERC20 tokens. OKEx Exchange review - SUPPORTED COUNTRIES. OKEx aims to cater both to novice and advanced cryptocurrency traders and investors. If you have any kind of inquiry about the exchange and you face any problems in your accounts or about your transactions then you can get help from the Okex community. OKX is a cryptocurrency company offering a crypto exchange and a suite of additional services. Low trading and financing fees OKX (formerly known as OKEx) Supported Countries: Global (including Australia) Fiat Currencies Supported: 50+ including AUD and USD: Deposit Methods: Credit/debit cards, Apple Pay, crypto transfer: Supported Cryptocurrencies: 355: Interest-earning Wallets: Yes (up to 365% APY) Deposit Fees: Unverified accounts can withdraw up to 10 BTC per day and trade up to $500, while higher levels give you higher withdrawal limits and transaction limits. So far, OKEx has never faced a high-profile successful hack, in spite of the fact that some users reported that their accounts were accessed by attackers, leading to loss of funds. How OKX Compares to Other Cryptocurrency Companies, Securities Investor Protection Corp. (SIPC). These include white papers, government data, original reporting, and interviews with industry experts. Crypto exchange offers users with Bitcoin and Litecoin futures and also high trade volumes. . Accepts fiat currency deposits 2. Albania Wire. First off, OKB holders are eligible to obtain up to 40% off their trading fees, depending on which tier users qualify for. Our conclusion, the OKEx mobile stock trading apps is an all-in-one trading platform for cryptocurrency trading. Read Terms and Conditions for more info. Algeria Wire. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. It is also regarded as the worlds second-largest crypto exchange in terms of high volume. He's written about every type of automated trading tools - from cryptocurrency robots, binary option robots, down to robo advisors. The highest trading fees payable for low volume accounts are a 0.15% maker fee and 0.2% taker fee. If youre looking to manage your cryptocurrency activity with one login, OKX could meet your needs. Lastly, OKB ownership allows users to join the OKExChain ecosystem, an open-source blockchain that allows users to obtain a larger number of tokens as soon as the mainnet is launched. OKExs trading interface comes along with all tools needed to make smart and profitable futures trades. Users will not only learn how to use each of the services that OKEx provides, but also how to conduct technical analysis, how to understand bullish and bearish sentiments, and how to carry out industry analysis. You can learn more about the standards we follow in producing accurate, unbiased content in our, Cryptocurrency Software Wallet Methodology. It has some attributes of traditional currencies and some attributes of traditional payments systems in certain internet communities. OKX is . All burns are conducted transparently, and announced whenever they occur. OKEx exchange gives you the possibility of creating sub-accounts used for crypto trading. He has worked as a cryptocurrency journalist for numerous publications in the crypto space and loves learning about next-gen tech. Accepts PayPal While OKEx is a centralised exchange by definition, it has also launched decentralized trading through swaps. Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review. Overall, the exchanges user interface is very friendly and interactive, particularly when compared to other exchanges such as Binance. While OKEx does not charge any deposit fees, it charges a withdrawal fee of 0.0005 BTC for bitcoin, 0.01 for ETH, and 0.15 for ripple. Their trading platform lets you trade a wide variety of cryptocurrencies, across both spot and derivative markets. Of course, OKB can also be used as a means of payment. Next, you will have to enter a 6 digit code that was sent to your email or mobile phone. Annual percentage yields as high as 12.84% can be seamlessly obtained by taking part in the earn initiative. If you want to see the whole structure of trading fees of the Okex exchange, you can visit this link: The 24/7 service is available for the customers. The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. The list of the countries is North Korea. If youre looking for an easy way to swap currencies, including stablecoins, you can use OKX's conversion form. Okex Payment Methods What is OKEx Exchange? For example, you can deposit Etherem to an Ethereum address. The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States. OKX is a top crypto exchange trusted by millions of users. Either way, the creation of sub accounts is easy, as highlighted in the official guide. Although not every pool is currently being used, there are quite a few people mining BTC, ETH, LTC, and XMR. OKEx offers a wide selection of trading assets, making it possible to get access to spot and derivatives trading. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. Users will first have to activate margin trading by agreeing with the risks. Trading interface is very simple and straightforward. Enjoy hundreds of tokens and trading pairs. 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). We'll cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. Youll get started by registering an account using your personal contact information. Your email address will not be published. Level Two requires uploading a picture of their ID and a selfie through partner Netverify. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website. Of course, any losses that incur on the higher exposure will have to be paid out by traders. Required fields are marked *. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. As one of the worlds major cryptocurrency exchanges, backed by some major capital, it would be assumed that the cybersecurity architecture in place at OKex is in line with the best standards in the industry. OKEx is a safe cryptocurrency exchange as they use the most advanced encryption technology to secure its platform from hackers. The daily volume of BTC futures trade on the Okex exchange is $1.5B. With support for 36 cryptos, multiple direct integrations with the trading app, and a vault service, the OKEx wallet has attracted tons of users. ALL RIGHTS RESERVED. Those include market order, limit market order, advanced limit order, stop-limit order, trailing top order, iceberg and Time-weighted average price (twap) orders. Widely present: OKEx is available in 200+ countries, with more than 20 million users. The instrument page is very basic and inserting an order is extremely easy. Leah Hutton has recently joined Tokenhell team as a freelance writer. For those unaware, USDT is a digital token that was designed to have a 1:1 exchange rate with the Us dollar. Were providing spot, margin, futures, options, perpetual swaps trading, DeFi, lending, and mining services. OKX (previously OKEx) is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology. There is no danger of scams and hacking activities due to its high-quality security system. View the latest crypto prices, volume, and data, Trade a full range of contracts and margin products, Multiple strategies to help you trade with ease, Instantly trade spot OTC, futures spreads, and options strategies at the price you want, Discover new, high-quality projects around the world, The world's most powerful suite of crypto trading solutions, OTC liquidity network for pro and institutional traders, Seamless and ultra-low latency API connectivity, Improve capital efficiency and lower risk, Access world-class market depth with high commissions, Candlesticks, aggregate trades, order book data and more. None of the information you read on Tokenhell should be regarded as investment advice. If youre in an area that works with OKX, you can create an account that gives you access to trade 343 spot currencies. The digital assets trading platform offers investors and traders to trade with BTC, ETH, LTC and other cryptocurrencies on its platform. At this point in time, holders can purchase technical services, financial services, and utility services. Well cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. According to OKEx, their daily trade volumes are more than $1.5 billion, and the platform has millions of loyal users in over 100 countries. Its a quick and easy way for beginner to expert cryptocurrency enthusiasts to buy, hold, and exchange hundreds of popular cryptocurrencies with competitive trading fees. 1. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). However, residents of the following countries are restricted from trading with OKEx. . Ensure youre using the best security features OKX offers to keep your account and funds as secure as possible. Contact at info@tokenhell.com if you have any questions. Offers DeFi services to stake your currency and borrow using crypto as collateral. OKEx exchange is a cryptocurrency exchange based in Seychelles. With over 300 cryptocurrencies supported, theres not enough room to list them all in our OKX review. Some of the cons, however, include no service to US-based customers and the lack of a demo trading account. It has a wide range of payment options available, including Google. Investing is speculative. Additional measures are taken to make sure that no individual from within the company has free access to user funds, through the usage of multi-signature logins. OKX is a top-20 cryptocurrency exchange worldwide with support for a large number of coins. Further, the trading fees are below the average in the industry and the exchange has never been severely hacked. Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. Secure platform for trading Clickout Media Ltd AA PH, Camilleri Buildings, Oratory Street, Naxxar, NXR 2504 Malta, Company No. OKX (Previously OKEx) Review: Supported Countries and Regions. Consult with a qualified professional before making any financial decisions. Global world-leading companies like Samsung, BlackRock, Morgan Stanley, and Alphabet have invested in blockchain and crypto. In this case, users can choose to add liquidity to a pool, which rewards them a percentage of the transaction fees incurred. [5] Speaking of the OKEx API, access is easily obtained with the REST and WebSocket APIs. Okex exchange accepts users from more than 100 countries all over the world. After creating the account, you will have to complete KYC level 1 verification and then link your mobile number so the system can verify your identity. If you are considering opening an account with OKEx exchange, be sure this read this guide first. For now, unfortunately, Chinese Yuan is the only fiat currency supported. Afghanistan Wire. While its not available to users in the United States, it could be a good choice for others looking to buy, stake, and trade a large number of currencies. At Trustpilot, OKX receives an average 3.4-star rating out of five across over nearly 300 reviews, which is a relatively high rating for a cryptocurrency exchange. Cryptocurrency is a digital or virtual currency secured by cryptography and does not exist in physical forms like U.S. [2] OKX is owned by OK Group, which also owns crypto exchange Okcoin. The important digital coins are ETH, BTC, LTC, EOS, ETC, TRX, BCH, XRP, TRUE, ABT, MITH, HSR, BTM, IOST, and AUTO. The exchange offers users to contact the support team via phone, email, submit a ticket form, WhatsApp, and live chat that is available on desktop and the mobile app. Customers will have to use their passport to record a verification video according to preset instructions. OKX also supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. Futures, swaps, and options have their own rate schedules with varying fees. On top of that, the app is extremely easy to use and its user interface works for both beginner and more professional investors. Deposit and Withdrawal Options Gate.io does not have any support for fiat currencies and as such, the only way which you can fund or. Okex exchange accepts users from more than 100 countries all over the world. The token comes along with a deflationary mechanism, designed to reduce the circulating supply, thereby further boosting the tokens value. Any of the exchange cannot be regarded as a trusted exchange until it proves itself. To access all the trading features OKX offers, youll need to complete its KYC (know your customer) requirements. However, OKX doesnt publish its deposit and withdrawal pricing, so both obscure costs to some extent. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Polkadot (DOT) are supported by an underlying technology called blockchain, which acts as a decentralized digital ledger.Every cryptocurrency transaction is recorded in the blockchain and becomes immutable once confirmed and validated. The OKex exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. The exchanges impressive roster of investors includes VenturesLab, co-founded by Tim Draper, a well-known American Venture Capitalist and cryptocurrencies proponent who has made a string of successful early-stage investments in companies such as Hotmail, Tesla, and Baidu. First, it is difficult to find market news and analysis., which means youll have to find a third-party tool that offers instant market updates. However, some assets are made interoperable, thereby living on a number of different blockchains. Leveraged margin trading is also available for futures contracts. Your email address will not be published. Suggestions that security levels of the exchange itself were insufficient were refuted and new guidelines on account and wallet security issued to clients. The advanced platform is useful when margin trading or any other advanced strategy. 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. In his free time, Daniel travels and actively seeks out new thrilling experiences. With OKEx Cloud, users can access OKExs market depth, cutting-edge core technology, flexible token listing, cross-platform development, spot trading, P2P trading, and 24/6 global customer support. Based on everything that has been highlighted so far, OKEx has established itself as an all-inclusive cryptocurrency exchange, providing an array of services suited for digital asset enthusiasts worldwide. [3] [4] It is not currently available to US-based investors. OKEx brokers work by attracting users for their particular product which is based on the liquidity and market depth provided by OKEx. We independently evaluate all recommended products and services. Country/RegionFiatCryptoFunding MethodsMargin Trading. OKEx was founded in 2014 by Star Xu, and is currently led by CEO Jay Hao. When engaging in spot trading, users have access to all relevant tools designed to carry out market analytics and to determine which coins should be purchased or sold. Many users have reported that Binance closed their accounts because they reside in one of their unsupported countries - including users from Serbia, Bosnia, Iran, Myanmar, among other countries. Safety is assured through blockchain immutability and transparency. Join the CryptoTotem Team! As at 2018, the Exchange has over 800 employees and serves customers in over 100 countries. Bitcoin is a reserve asset like gold, and because of its standardization, divisibility, and the ability of conducting online transfers, it has great advantages in many aspects such as payment efficiency, preservation cost, and more. Theres also a phone number listed on the OKX website. Tokens are burnt every three months by having them sent to a non-access burning address. It allows users to buy and sell digital assets in all forms available on the site (spot and derivatives), view real-time streaming quotes, store crypto coins on its built-in digital wallet, deposit and withdraw funds, and subscribe to digital asset news. When you use margin trading, you are essentially borrowing funds from your crypto exchange and therefore, they will charge you interest on any position held overnight. It also has a built-in trading bot to execute orders with specific rules. Crimea, Syria, Ecuador, Bolivia, The USA and its . In short, the trading platform is suitable for safe and secure, Tokenhell produces content exposure for over 5,000. Because of this, it has the potential of becoming a form of "digital gold", and is therefore an asset with the possibility of replacing gold in the internet of value era. These include using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds. Quick borrowing and repayment are assured, but acceptable interest rates are provided as well. There are four methods for depositing funds into the Okex trading account. Other investors include notable Chinese VCs including Ceyuan Ventures, Longling Capital, and the Giant Network Group. In 2018, it expanded crypto operations to Malta as the Maltese government has adopted an overall friendly approach to cryptocurrency trading. OKEx aggregates a series of earning opportunities within its earn product. On OKExs platform, traders do not have to pay deposit fees but are required to pay a withdrawal fee of 0.0005 BTC for bitcoin, 0.01 for ETH, and 0.15 for ripple. Bitcoin is a virtual currency on the internet. Some of its other key selling points include the OKB utility token, the OKExChain, the OKT token, as well as services like Earn, Loan, Jumpstart, Academy, Mining Pool, Cross-Chain Gateway, Wallet, Cloud, Brokerage, and more. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. This drops as low as 0.02% and 0.05% for makers and takers fees respectively. For more experienced traders there arent many cryptocurrency exchanges that offer the kind of professional trading platform with the functionalities and trading formats usual for big, financial exchanges in traditional markets that OKex does. 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. For example, if the Bitcoin trader has achieved a spot trading volume greater than 500 BTC, the market taker fee reduces to 0.135%. Users can trade 300+ crypto coins and tokens on OKEx, with over 30+ fiat currencies supported. 103525, InsideBitcoins uses cookies to improve and customize your user experience, Mobile verification code for security settings and withdrawal, of funds. Thus, the app serves as an all-inclusive interface that allows both asset storage and trading. The rest are seeing little to no activity whatsoever. Funds must then be transferred from spot wallets to margin wallets. View our terms of service for the full details. If you open an OKEx account, complete KYC verification, and trade $100 on your first order, you get up to a sign-up bonus. Terms & Conditions for Ethereum Shanghai upgrade with exclusive airdrop. OKEx exchange deposits and withdrawals are mainly done via digital currencies. Without a cross-chain gateway, USDT operating on the Ethereum blockchain cannot be transferred to the Tron blockchain, for instance. All information is taken from the public sources. The exchange is led by Jay Hao[LinkedIn], who has been serving as its CEO for years. Furthermore, in order to secure investors account from unauthorized access, OKEx supports the following features: OKEx offers 24/7 online support to help users solve any technical and trading issues. The platforms deposit screen will open up, and on this page, you can choose the type of cryptocurrency youd like to deposit to your account. More so, up to 100x leverage is supported for futures trading. OKex is a well-backed exchange with significant global ambitions. It is a digital trading platform which provides spot trading of digital currencies and fiat currencies to customers worldwide. The digital assets trading platform offers investors and traders to trade with BTC, While the exchange supports the trade of 146 cryptocurrencies on the platform. On the other hand, a regular user holding over 2,000 OKB will only pay a 0.06% maker fee and a 0.08% taker fee. VIP users can enjoy much more competitive trading fees of 0.030%-0.080%. These methods are: The exchange offers different types of trading options on the platform. OKEX Features Coins Available Bitcoin Litecoin Ethereum Accepted Countries Australia Cameroon Chad Canada Denmark France Greece Haiti Iceland Libya Mexico Nepal Romania Cape Verde Belize. This means you can offer your computer hash rate that is needed to mine digital assets and in return, you will be able to get an additional income. However, residents of the United States don't have access to the platform's services. There are different types of trading wallets on the Okex exchange platform. No deposit fees The United States itself has included Bitcoin into the traditional financial regulatory system, with Bitcoin companies being required to apply for MTLs (Money Transmitting Licenses). Buy and sell crypto in 192 countries. A recent addition to the exchanges suite of additional functionalities has been the addition of algorithmic trading tools. Overall, the exchanges withdrawal fee is slightly lower than at other exchanges. Neither Bankrate nor this website endorses or recommends any companies or products. 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. We provide the latest trading services for hundreds of diverse crypto assets. Those looking to integrate the OKEx API within their own trading products and services can learn more on the API page. They dont take users from the United States due to regulatory and compliance concerns. If you agree to our use of cookies, please continue to use our website. OKex is listed on CoinMarketCap.com as one of the largest international cryptocurrencies exchanges in the world and it claims daily turnover of $1.5 billion only from its Bitcoin futures trading product. With OKX, you can join one of the leading crypto exchanges by trading volume. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. Below is a list of the countries not supported by OKEx: Hong Kong Cuba North Korea Iran Crimea Sudan Malaysia Syria the USA and its territories Bangladesh Ecuador Bolivia Kyrgyzstan How to. The main mission of the exchange as described on the website is: OKEx believes the blockchain technology will eliminate barriers to transactions, increase the efficiency of transactions across society, and eventually have a significant impact on the global economy. If you need extra help, OKX offers a help page and chat support. This works the same as a simple market trade on the active trading platform, but with an easier-to-understand form and interface. OKExs loan product allows traders to quickly obtain crypto-backed loans from the platforms other users. OKEx exchange comes along with a simple, but advanced trading view. Cryptocurrency transactions are generally one-way and cant be reversed, so always double-check transaction details before proceeding. Founded in 2014 by Star XU, Belize-based OKex is a cryptocurrency and digital assets exchange that splits opinion. OKEx was founded in 2017 with headquarters in Malta and the Republic of Seychelles. Trying adjusting the filter to see some results. The crypto exchange has been providing advanced financial services to traders globally using their blockchain technology and currently caters to over a million users in 100 countries. Trading cryptocurrencies allows you to enter the world of decentralized finance and participate in a frontier technology rapidly gaining popularity. The platform enables retail and institutional investors to purchase digital assets using local currencies, with a mission to make crypto easy for everyone, including first-time buyers. Now, cryptocurrencies can be purchased via Visa, MasterCard, Apple Pay, and others. Throughout the years of operation, OKEx has managed to raise capital from leading venture capitals and investment companies including VenturesLab, Ceyuan Ventures, Longling Capital, Qianhe Capital Management, eLong Inc. etc. Bitcoin is a virtual good and is similar in many ways to more traditional investments. 3 : Saving Wallet: It allows you to save their funds and earn interest on it. Kyrgyzstan; Puerto Rico ; Sudan; Syria ; US Virgin Islands; Bangladesh ; Bolivia; Crimea ; Cuba ; Ecuador; Guam ; USA; For USA users Coinbase, CEX.IO, and Binance are the best available cryptocurrency trading platform . The main trading options on the platform are: Fees are imposed on users on the basis of the trading option they choose. OKX is not able to serve customers in the United States. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. However, these countries also have other options than OKX (Previously OKEx). Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. If you are still keen to open a Bitcoin account with OKEx, follow our simple step-by-step guide below: The first step involves signing up on the platform and creating an account. Low trading fees of 0.10% or less for most trades, Easy to buy cryptocurrency using a card, bank account, or digital wallet, Not available to users in the United States. To access the OKEx Cloud, users will have to fill an application form and conduct an audit with a dedicated project manager. Jumpstart represents OKExs token sale platform, which innovative crypto and blockchain-based startups can leverage in order to easily sell their tokens to the public. High-volume traders and those with a large holding in the OKB currency may qualify for discounts. On the negative side, the exchange lacks essential features for crypto investors. Given the absence of trading-centric blockchains, OKEx has decided to further tap into the total blockchain addressable market by creating the open-source OKExChain. - The new or existing OKX customers to stake a minimum of 0.01 ETH between April 7 2023 and May 6 2023 will receive BETH at 1:1 ratio through OKX exclusive airdrops and earn daily on-chain rewards on . If you find any discrepancies or false information about projects, infringement of copyrights or scam, please write us. coinzilla_display.push(c_display_preferences); 2017-2023. Okex cryptocurrency exchange is considered as the most trusted digital assets exchange and the global leader of the blockchain technology. The exchange has brilliant records so far in the crypto world and has proved its worth as a secure and advanced platform for trading. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only.
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