OKX Review: A Complete Derivatives Cryptocurrency Exchange

The trading fees for market takers charged by OKEx are a maximum of 0.15% for spot trading, which is below the industry average of around 0.25%. The fees charged on the platform vary based on the investor’s trading volume. For example, if the Bitcoin trader has achieved a spot trading volume greater than 500 BTC, the market taker fee reduces to 0.135%.

Review of the Top Features on OKX

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward https://www.tokenexus.com/ and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

• The OKX exchange fees include no monthly charges for a trading account.
• OKX fees are based on a maker-and-taker model and start at 0.08% and 0.10% for users with less than 500 OKB tokens.
• Another great reason to get the app is that it will notify you when your trades are complete and provide market updates.
• This verification process is implemented to guarantee the safety of the exchange platform and to deter fraud and illicit activities.

OKX Review 2024: Crypto Trading App and Web3 Gateway

While it’s not the biggest cryptocurrency exchange on the block, it does a good job of supporting a large number of currencies and a wide range of services. If you’re looking to manage your cryptocurrency activity with one login, OKX could meet your needs. OKX (Previously OKEx) exchange platform provides a mining pool, which is a shared group of cryptocurrency miners. These miners combine their computational resources over a network to mine digital assets.

Celsius Files Lawsuit Against Tether for 39,542 Bitcoin

The range of coins you can trade is pretty huge, it’s well into the hundreds. And of course all of the major coins, such as Bitcoin and Ethereum. 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!).

Can US Citizens Use OKX?

Despite its selectiveness, the OKX exchange occasionally lags in listing trending assets. For instance, it missed the initial hype of TIA, a setback balanced by promptly adding Jupiter (JUP) to its roster. This approach reflects a focus on sustainability over short-term trends. You can tell that an article is fact checked with the Facts checked by symbol, and you can also see which Cloudwards.net team member personally verified the facts within the article.

OKX Review 2024: Is OKX The Best Crypto Exchange?

After reading all the pros and cons of this OKEx exchange review, it’s clear that OKEx is a truly interesting cryptocurrency exchange platform. 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.

When it comes to the options platform, the layout is similar, although the functionality is quite different. If you want to trade perpetual swaps, it has much of the same UI as the Futures instruments. Then, when it comes to how this is margined from your account, you can either elect to have okex review it margined in crypto (Coin margin) or margined in Tether. If you pop on over to the position tiers guide, you will see that the 100x leverage (or 1% margin) only applies to those positions that are less than 3,000 contracts. As you take on more contracts, your leverage factor will decrease.

• 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 platform also actively supports bot trading with a comprehensive interface, pre-configured trading bots, and educational resources to help you get started.
• Either way, you get all your principal back, so Shark Fin is basically free money.
• OKX has a fantastic selection of pre-made and useable bots ready to put your trading on autopilot and trade around the clock for you.
• We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
• DefiLlama’s data echoes this strength, placing OKX at #2 in asset holdings with a hefty $15.327 billion, trailing only behind Binance.

OKX (Previously OKEx) Review: Algo-Order Options

OKX boasts an impressive market discovery feature, but it is limited due to geographical restrictions in the UK. This limitation makes the discovery and search functionalities less robust compared to platforms like Coinbase. There is no sell option within the main navigation of the OKX interface. While still attempting to withdraw fiat, I found that OKX was highly responsive in sending automated email updates; however, it made no mention of fiat withdrawals being disabled. While the exchange excels in facilitating rapid and efficient crypto-to-crypto transactions, it faces geographical limitations with on-ramping and off-ramping fiat currency. No official OKX documentation specifies its most up-to-date coverage, but an OKX representative told us they support approximately 100 countries and regions worldwide.