OKX review: is it a good crypto exchange? OKEx

To benefit from its features, OKEx first requires you to have a verified user account. Till now, there have been no rumours of having OKX (Previously OKEx) hacked. Moreover, when it comes to security and reliability, OKEx is one of the leading platforms.

CoinEx Review 2024: A Complete Guide to the Exchange

New tokens are constantly being added, so if there is a coin you’re looking for, it’s likely that OKX will already have it. It’s also worth noting that you may not be able to directly buy or sell some of the smaller altcoins directly using fiat currency. You may need to buy USDT, BTC, ETH or OKB, and then exchange it for your desired coin using okex review available trading pairs. OKX offers a buying and selling service that lets users easily buy cryptocurrency using a bank card, Apple and Google pay or bank transfer. There are also some third party payment options supported, like MoonPay, Banxa, Simplex and more. OKX operates its own blockchain network called OKChain for some of its services.

• Trading fees are quite high on Coinbase, starting at 0.5%, while OKEx fees start at 0.1%.
• The exchange has ample liquidity across most trading pairs and handles over $1 billion in trade volume daily.
• The advanced service allows professional traders to engage in sophisticated transactions involving multi-currencies to maximize profits.
• OKX enhances the trading experience by providing various futures trading alternatives, such as conventional futures with set expiration dates and perpetual futures contracts.
• OKX also has an academy that features a variety of short guides and articles that cover the basics of crypto, as well as how to get started on the OKX platform.
• When it comes to perpetual swap contracts, OKX offers up to 100x leverage on the BTC/USD swap and less for the rest.

The Customer Support Is Average

OKX offers six order types enabling traders to enter and exit positions precisely. Additionally, the platform supports multiple take profit/stop loss trigger orders on one position, allowing traders to enter/exit a portion of a trade automatically. When deciding who to https://www.tokenexus.com/mtl/ follow, users can view a Leader’s PnL%, monetary PnL, trading history, asset allocation, win rate, and the current number of copy traders. As such, OKX’s platform makes it easy for customers to find profitable Leaders and offers peace of mind via historical evidence.

OKX Compared and Alternatives

However, being a global platform that tries to cover a lot of bases, the features it offers to Australians are quite limited. The major disadvantage is the lack of AUD support which means that you can’t use it to buy crypto or withdraw AUD from your account. Apart from that, OKX seems to have a poor reputation in terms of its customer support. Simply put, there are better options available to buy crypto using AUD.

• For instance, regular users pay maker fees of 0.140% and taker fees of 0.230%, while top-tier VIP users pay no maker fees and a taker and maker fee each of only 0.030%.
• While the platform boasts low fees and a diverse range of features, it’s not available to investors or traders based in the US.
• OKX Fees on Perpetual Swaps- Perpetual swaps have similar fees to normal Futures.
• In all, OKX is an excellent platform in almost all aspects when we consider trading availability, costs, fees, and the depth of markets they provide.
• OKX is a popular crypto exchange that is often in the top 15 cryptocurrency trading platforms in the world for trading volume.

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