Is OKX the PERFECT Exchange in 2024? OKX Review tells All

It’s a platform where you don’t need to know anything about crypto to get started (unlike some others). You’ll be walked through everything (if you choose to be), and you can be buying your first crypto coins within minutes. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. We’ve gathered together a host of information about the platform’s features, fees, pros and cons to help you decide.

• If you plan to acquire a coin for a certain price at a certain time, you can make a dual investment and guarantee that you’ll get extra USDT if you have to pay more than market rate.
• To access all the trading features OKX offers, you’ll need to complete its KYC (know your customer) requirements.
• OKB plays a role in listing votings, where holders can use their tokens to vote for their preferred new listings on the exchange.
• The OKEx wallet makes it easy for cryptocurrency owners to store, send, receive, and manage their digital assets.
• You’ll also have opportunities to earn cryptocurrency and withdraw or send it to an outside wallet.
• Of course, be wary of the fees that the blockchain network charges you.

Futures are basically an agreement to purchase or sell units of a digital asset at a specific price and a particular time. OKEx offers futures contracts based on assets like Bitcoin, Ether, and XRP. The exchange also offers Perpetual Swap Contracts, which differ from the traditional futures contracts in that they don’t have any expiry date. If you’d prefer a slightly more reliable source of income, OKX offers several options for putting your cryptocurrency to work making money passively. You can put your tokens into high-yield savings accounts that OKX uses to loan out money, just like a normal bank. The only part of this that’s actually a user interface is the purchasing menu at the bottom.

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The advanced platform makes it pretty good for the experienced traders too. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation.

But if the platform’s mission is to ‘eliminate financial barriers’ and ‘evolve the global economy’ then its design is simple, neat, and gets the job done. The design is not the most aesthetic but it does not need to be. Most information you’ll likely need to know is listed in a robust help center with details about using, updating, and maintaining your account.

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For most users of the exchange, this fee is 0.08%, one of the lowest in the industry. Along with this, OKX has different fees for spot, futures, perpetual swap, and options trading. As an exchange, I was satisfied, until I needed to ask for customer support. After some period of frequent use, suddenly, https://www.tokenexus.com/ the exchange didn’t allow me to make any trade. I tried to contact customer support, but no agent was available. Still, I am not sure what was the reason, probably because I am UK resident, but I would expect the platform to inform me about this and not present a very unclear message.

If you’re comfortable with online financial products and follow security best practices, you’ll likely have a positive experience with OKX. OKX breaks currencies down into different pricing tiers that vary based on trade volume and account holdings. High-volume traders and those with a large holding in the OKB currency may qualify for discounts. Futures, swaps, and options have their own rate schedules with varying fees.

OKX Features

OKEx and Binance are top cryptocurrency platforms that offer some of the most competitive trading fees in the crypto space. Thank you for considering us as one of the top exchanges, Azaz! We understand the importance of giveaways and rewards for our users, particularly in relation to holding OKX coins. If you have any specific ideas or suggestions on how we can improve giveaways and rewards, please feel free to share them with us. Your input is valuable to us as we work towards delivering the best experience for our users. OKex offers customer support through a phone line as well as an email-based ticketing system and several messaging apps and social media channels.

• At OKX, this can be up to 100x, depending on the trading pair.
• Of course, all transactions out of OKEx’ wallets entail the payment of blockchain transaction fees, which are non-dependent on the exchange.
• Withdrawal fees (gas fees) are usually charged, although these are paid to miners rather than the exchange.
• While OKX started off as a robust trading platform, it has drawn crypto users from various backgrounds and interests and is growing in popularity.

To start trading at OKEx, select the respective trading option from the main menu. Once redirected to the trading page, you can choose your base asset. To benefit from its features, OKEx first requires you to have a verified user account. Traders can also access the OKEx Academy to read guides and analyses from industry experts and increase their knowledge of crypto markets. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets.

The OKX exchange platform hosts some of the most innovative features that make it one of the top cryptocurrency exchanges in the world. Yes, OKX is an established crypto exchange and follows industry best practices in keeping customer funds safe. They are used by millions of customers worldwide and have generally positive reviews and customer experiences.

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. The following payment okex review methods are available to traders registered on the OKX exchange. Registration on the OKX platform is not a menace and is completed within a few minutes.