OKX Review 2024 Fees, Trading, Staking & More

okex review

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 enables traders to margin trade with up to 10x leverage on Bitcoin, Ethereum, and EOS trading pairs and 3-5x leverage on the rest of trading pairs. When it comes to perpetual swap contracts, OKX offers up to 100x leverage on the BTC/USD swap and less for the rest.

  • On the platform, users can now purchase OKB and trade them against other digital assets.
  • With this, users can buy and sell digital assets in all forms, irrespective of the time and place.
  • You can hit “Sign Up” and sign up using an email address, phone number, or link to a Google account when you are on the website.
  • Crimea, Syria, Ecuador, Bolivia, The USA and its territories, Hong Kong, Sudan, Malaysia, Kyrgyzstan, Bangladesh, and Cuba.

Worst customer service dont use this app

It’s one of the 15 or so highest-volume cryptocurrency exchanges in the world, with a daily trading volume of around $1 billion. In our OKX review, we’ll explore every angle to help you decide if it’s the right home for your cryptocurrency. OKX offers a crypto margin exchange that can be used to borrow funds (use margin) to short on OKX with up to 5x leverage.

okex review

Uncovering Pros & Cons of OKX App: A Comprehensive Review

okex review

OKEx was created to allows traders from all parts of the world to trade their digital currencies freely. The exchange support up to 11 different languages, which include English, Spanish, Russian and French. Many traders would probably also want to know whether there are deposit and withdrawal limits https://www.tokenexus.com/ when using the OKEx exchange. Limits are primarily for withdrawals, and they depend on the trader’s level. You might still get some small charges from the payment method you are using when you deposit funds. For example, bank transfers can have things like conversion charges or transaction fees.

okex review

Cryptocurrencies Available on OKX

  • Although OKX carefully cultivates its image, it’s been mired in several controversies.
  • Discover its strengths in competitive rates, diverse features, and advanced trading options.
  • Compared to Binance and KuCoin, which settle trading fees at a rate of 0.1%, OKX’s fees are highly competitive.
  • They are used by millions of customers worldwide and have generally positive reviews and customer experiences.
  • Next, copy the wallet address into the digital wallet you own and transfer the cryptocurrencies.

Decentralized exchanges allow traders to be in full control of their money and directly transact with other traders. Compared to other exchanges I’ve used, OKX stands out as the best in terms of technology and customer support. I’ve encountered some challenging situations with OKX, but when I reached out to them, I received the assistance I needed. Even though I wasn’t entirely satisfied with the outcome, they made an effort to be as objective and informative as possible. OKX has a comprehensive support center with a self-service function, which helps you do various things like change your account details without needing to wait for a customer support agent. There is also an extensive FAQ section that answers most questions that you may have about the many OKX services.

  • OKX is a world-leading crypto exchange serving over 20 million users in over 100 countries.
  • The strategies include basic spot grid trading where the bot will buy low at chosen price points, as well as automatically sell at a chosen profit level.
  • The company was originally based in Beijing, but relocated following a ban by Chinese regulators.
  • Next, enter the amount and payment mode, and finally, click on the “BUY” option to buy that cryptocurrency.
  • Although OKX derivatives are available in over 100 countries, some regions do not offer their services.
  • On OKX, once a block has been solved, the rewards will be split up among mining pool members according to how much computing power each contributed.

okex review

How to get started with OKX (Previously OKEx)?

okex review