You can find the margin interest rate fees below: There are different types of market orders to help investors place a trade at predefined price and volume, and the ability to use Algo orders is specially vital for active day traders. OKEx: Excellent Crypto Exchange with Low Fees. There is a 0.03% fee for opening a new position and nothing is charged for the closing transaction. The announcement does not reveal the name of the keyholder and talks nothing about the nature of the investigation. OKEX is a digital asset exchange, under the umbrella of OKCoin. As one would imagine, investors and traders aren’t too impressed by this development. You can even purchase crypto instantly through the exchange using fiat currency. 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. What Is OKEx Crptocurrency. Yes. Some OKEx features and products mentioned within this OKEx review may not be available to traders from certain countries because of legal restrictions. Securities.io is committed to rigorous editorial standards. OKEx provides traders with a centralized exchange platform for trading cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Tether, Bitcoin Cash, Litecoin, OKB, and more. OKEx offers crypto trading services to more than 100 countries around the world. Trading Fees. Ratings and Reviews See All. read What is okex? Traders can use our free service but make their own decisions when choosing an online trading broker suited to their individual needs. The Exchange’s customer support team is available 24/7 via email and a range of social handles: Telegram, Twitter, Facebook, Weibo, and others. Exchange. OKEX Derivatives Review: Complete Exchange Overview OKEX is a large cryptocurrency exchange established in 2016. OKEx review. OKEx Giveaway Campaign Featuring Crypto Adventure. It is a digital trading platform which provides spot trading of digital currencies and fiat currencies to customers worldwide. 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 fees at OKEX are probably the lowest in the industry, at the time of writing of this review. OKEx offers a volume-based maker-taker fee schedule. As it is the case with other exchanges, OKEx has a mobile app available on the App Store and Google Play Store for convenient trading on the go. Overall, the exchange’s withdrawal fee is slightly lower than at other exchanges. OKEx is one of the world's leading cryptocurrency exchanges, offering users a robust trading platform with several unique features, such as unified accounts, cross-chain gateways and trading-centric decentralized applications on OKExChain. In comparison to other cryptocurrency exchanges, the OKEx platform is quite advanced, allowing users to trade with different types of orders. I am constantly analysing and scrutinising the up and coming trading apps so if you are seeking advice or if you would like me to write a robot review in particular don't hesitate to get in touch – I’m happy to help! All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company. ... Jumpstart, Academy, Mining Pool, Cross-Chain Gateway, Wallet, Cloud, Brokerage, and more. A cryptocurrency and trading writer and editor, I specialise in algorithmic trading. Last updated: Mar 11, 2021 Withdrawal fee: 0.00. One of the few popular exchanges that trade derivative instruments, with leverage available up to 100x in certain cases. A range of trading tools & educational resources, CNY: Bank Transfer, WeChat Pay, and AliPay. Wallet Reviews; Guides; About us; Contact Us; Press Release. Its exchange ranks 7th on the list of top 50 crypto exchanges by liquidity on CoinMarketCap. They do not accept US traders. The largest wallets on OKEx … However, residents of the following countries are restricted from trading with OKEx. So in this OKEx exchange review these are the current fees that we have seen for the OKEx crypto exchange. In summary, OKEx is one of the best exchanges in terms of liquidity, the supported assets, and features. Further, the trading fees are below the average in the industry and the exchange has never been severely hacked. According to the official announcement, one of the private key holders is in the public security bureau custody. The OKEx P2P platform supports various payment options for different currencies: Clients can open a trading account by filling out and submitting the account opening form, which is found at the top right corner of the Exchange’s website. If you want to buy Bitcoin, you can easily get it in 1 minute with Visa, Mastercard or other payment methods. This is a lot better than the average of around 0.20-0.25%, offered by most other exchanges. Tweet Pin LinkedIn Email. For those unaware, USDT is a digital token that was designed to have a 1:1 exchange rate with the Us dollar. No. Even if trading is not your forte, the platform has solutions letting you earn interest on your digital assets. OKEx recently announced the wallet amalgamation of primary blockchain domain supplier Unstoppable Domains. They might change over time so please always check the latest fees at their website. This review serves the purpose of covering and evaluating everything there is to know about the OKEx digital assets exchange. 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). Whilst most of our data has been verified directly from these brokers, it can occasionally vary. OKEx is a digital asset trading platform with tools and options designed to suit both beginner and experienced traders. First, it is difficult to find market news and analysis., which means you’ll have to find a third-party tool that offers instant market updates. The Exchange offers clients a single live trading account to trade the available multiple cryptocurrencies using the provided trading platform. We’ll cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more. Besides the general security features, the network has additional security protocols, such as mobile verification codes and email anti-phishing codes, to avoid swindles and cyber-attacks. Despite that all of what I've written is absolutely correct and to the point, the exchange has reported my review to Trustpilot and I had to provide proof of my experience with the platform. It is a digital trading platform which provides spot trading of digital currencies and fiat currencies to customers worldwide. OKEx is a crypto exchange that provides its traders with spot trading services on multiple cryptocurrencies for trading online via a centralized trading platform. August 24, 2020 . Attracted to Malta’s lax regulation regarding cryptocurrencies, OKEx reestablished themselves with a headquarters in Malta, in 2018. It is imperative to ensure that you check and understand all of the latest information before you open an OKEx broker account for online trading. That said, their security standards are much in line with the rest of the industry. OKEX Derivatives Review: Complete Exchange Overview OKEX is a large cryptocurrency exchange established in 2016. This category only includes cookies that ensures basic functionalities and security features of the website. OKEx is a cryptocurrency exchange that is operated by Aux Cayes FinTech Company Limited, a Seychelles registered company. Remember, all trading carries risk. This exchange is legal and has been registered in Belize. 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. offline wallets distributed across a number of locations. For example, if the Bitcoin trader has achieved a spot trading volume greater than 500 BTC, the market taker fee reduces to 0.135%. OKEx, founded in 2017, is a digital asset exchange or cryptocurrency exchange headquartered in Malta and has an office in Hong Kong. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Further, the charts are not intuitive to derive insights and can be difficult to use. The combined trading volume that these markets bring, places OKEx within the top 10 cryptocurrency exchanges by volume. Want to get started with OKEx? Last updated: Mar 11, 2021 Withdrawal fee: 0.00. As previously mentioned, OKEx allows users to deposit funds through a wide range of crypto coins but keep in mind that you will be able to transfer a specific type of token to the wallet deposit address you receive on the selected token only. If you are considering opening an account with OKEx exchange, be sure this read this guide first. Securities.io is committed to rigorous editorial standards. 7.4K Ratings. Once your account has been verified and you have completed the deposit process, the funds will be automatically added to your trading account. Once your OKEx account has been verified, navigate to the Assets button and click on the Deposit. Copyright ©2021 - TradingBrokers.com. They offer a competitive environment for trading digital assets via a web platform and mobile app. There is no regulatory information on the Exchange’s website at the moment. While a bitcoin exchange gives users a platform where they can independently place orders in the cryptocurrency market, a Bitcoin trading robot is an automated software that enters and exit trades based on predefined parameters. The risk of loss in trading or holding VFAs can be substantial. This website does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. OKEx Review Summary OKEx is a crypto exchange & trading platform that allows you to buy and sell crypto as well as a wide variety of cryptocurrencies to trade, across various spot and derivatives markets. Moreover, users can activate two-factor authentication to add another layer of security to their accounts. Using their expertise in the spot market, OKEX offers their users the opportunity to trade Futures, perpetual swaps and options markets. OKEx is the world’s largest cryptocurrency, spot & derivatives and bitcoin exchange. Reviewed By Anthony Gallagher | Published 10 mins ago on February 22, 2021. We may be compensated through third party advertisers. OKEx Wallet is a multi-currency storage integrated into the OKEx App, allowing you to store all your digital assets at one place. Otherwise there have been no security issues with OKCoin. This process includes uploading your passport and recording a verification video according to the instructions provided by OKEx. One outstanding and unique feature of OKEx is its integrated storage wallet known as OKEx Wallet.