How To Use Okex In The Us


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Okex is an exchange service based in Hong Kong, which was launched in 2013. Okex is one of the oldest cryptocurrency trading platforms in the industry and it is one of the top exchanges when it comes to volume. All transactions are done in either USD or HKD, and all currencies are done in either BTC or ETH.. Read more about okex transfer to wallet and let us know what you think.

To conclude this OKEx review, it’s clear that OKEx is one of the more prolific exchanges on the market in terms of liquidity, supported assets, and banking features. However, the platform’s behavior in the past, especially how it treated its own users is noted and it would be prudent to expect better behavior in the future. Online safety, privacy, and security are critical features of any cryptocurrency exchange. If you’re not a resident of a country that the exchange supports, you can’t make a direct crypto buy with a credit card or bank account. You can transfer cryptocurrencies from another exchange or wallet; it just adds another step. Decentralized finance, or DeFi, is one of the fastest growing areas of smart contracts and blockchains.

Standard 100 At A Glance

It would be nice to have a table comparing its fees to those of similar exchanges. OKEx’s Jumpstart Mining initiative allows you to farm DeFi tokens while supporting your chosen projects by staking OKB, OKEx’s ecosystem token. The listings that appear on this page are from companies from which this website and Bankrate may receive compensation, which may impact how, where and in what order products appear. This table does not include all companies or all available products. Neither Bankrate nor this website endorses or recommends any companies or products. While that can be expected to change in the relatively near future, the fact CNY is the only fiat currency supported on the platform means OKex is still very oriented towards the Chinese market. Even better, we have a sophisticated risk-management system on board that has been protecting our traders from early liquidation.

Therefore, the OKEx platform allows users to trade with different types of orders. Orders like stop-limit order, market order, limit market orders, advanced limit order, trailing top order, Time-weighted average price orders, and iceberg are available. For example, if you are a regular user engaging in spot trading, you will get charged 0.10% for takers and 0.08% for makers. However, if you somehow achieve a 30-day trading volume of more than 5,000 BTC and hold more than 1,000 OKB tokens, you only have to pay 0.09% for the taker and 0.07% for the maker.

Deposit And Withdrawal Fees

We write product reviews and comparison articles in the field of cryptocurrency. However, you can complete the KYC to get extra benefits like an increase in 24-hour withdrawal limits. Under OKEx P2P Trade, click on the currency you want from the dropdown menu and select the desired currency. Next, enter the amount and payment mode, and finally, click on the “BUY” option to buy that cryptocurrency. First, click on the “Log in” on the top right corner of the official site of OKEx. They can purchase crypto with suitable and available payment methods on the website.

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It has 17 payment methods like VISA, MasterCard, and others, for purchasing crypto. Both beginner and advanced level traders can trade on this platform. OKCoin is also in the process of applying for MTLs in the remaining states for both token-to-token and fiat-to-token trading. The new features were designed for high-volume traders such as market makers and institutions, aiming for them to substantially reduce their capital requirements.

Platforms Supported

In March 2018, some major cryptocurrency exchanges were said to be charging up to one million dollars to have their tokens listed. In a response to Insider, a PR manager for OKEx denied this saying there is no listing fees for any tokens. The exchange platform has a native wallet feature that’s accessible by downloading the wallet app separately. The wallet supports 36 digital assets and multiple vaults and integrates seamlessly with the main OKEx trading app. The exchange itself lists GSLB, distributed server clusters and cold storage multi-signature wallets among the security measures in place. Moreover, OKex is also one of the biggest trading platforms, which makes it highly reliable.

OKEx offers a big selection of tradeable assets and makes it possible to get exposure to both spot and derivatives trading. In fact, there are over 140 digital tokens on the platform and a whopping 400 BTC and USDT trading pairs. This includes the platform’s native utility token OKB – issued by the Blockchain Foundation – which is used for various trading bonuses and perks on the platform. Founded in 2014 by Star XU, Belize-based OKex is a cryptocurrency and digital assets exchange that splits opinion. The company, whose operations are based out of Hong Kong, has some significant backing.

Mobile Trading Support Review

Crypto exchanges have progressively started launching derivative trading options on their platforms. However, one thing to keep in mind is that trading crypto derivatives comes with a certain amount of risk, just like with any other type of investment. Crypto derivatives and exchange-traded notes are assets backed by different cryptocurrencies.

At this stage, you can select from a variety of deposit methods to fund your account. Per the above image, the platform’s deposit screen allows you to choose a cryptocurrency you’d like to deposit into your account. okex exchange As previously mentioned, OKEx allows users to deposit funds using various assets and crypto coins – bearing in mind that each unique crypto token can only work with a wallet address of the same coin.

More In Crypto Decoded

The easy-to-wear 100 cm scarf in cashmere and silk is an accessory for today’s well-dressed gentleman in search of a generous size and cheerful colors. Coinbase.com or localbitcoins.com are good places to purchase Bitcoin. Find your Bitcoin deposit address on your Okex dashboard and transfer your BTC or ETH to that address.

If you want to buy Bitcoin, you can easily get it in 1 minute with Visa, Mastercard or other payment methods. Diversify your crypto portfolio and build long-term wealth with advanced finance tools for Bitcoin and cryptocurrency borrowing or lending. Banxa’s vision and mission is to build the bridge that provides people in every part of the world access to a fairer and more equitable financial system. We ensure your users return again and again by providing the highest conversion rates and industry-leading UX/UI.

Heavy Industry & Manufacturing

The main screen features a trading view chart, market order depth, trades, a trading panel with open orders and history, transactions, and of course a buy/sell panel. The desktop browser version takes up a lot of computer resources but that’s how it goes with all these browser exchanges. In May 2018, the exchange became the world’s largest cryptocurrency exchange by reported turnover. Tor Constantino is a former journalist and consultant and a current corporate communications executive and business writer. Since 2017, he has also written about cryptocurrencies, blockchain, and crypto’s potential to revolutionize finance. His writing has appeared in outlets including Entrepreneur, Forbes, Fortune, CEOWorld, and Yahoo!. Many or all of the products here are from our partners that pay us a commission.

  • There’s also a “demo trading” feature that allows novices to practice trading with no risk.
  • The Nexo platform is equipped with a top-quality security infrastructure designed to ensure maximum protection of assets at all times.
  • Keeping an overview of the internationally differing requirements is a challenge for many manufacturers in their daily practice.
  • Feedback on support levels is mixed with some complaints online around slow response rates or failure to resolve problems.
  • OKEx also has a unique loyalty program that rewards regular use of its mobile app.
  • While that can be expected to change in the relatively near future, the fact CNY is the only fiat currency supported on the platform means OKex is still very oriented towards the Chinese market.

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. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. All user-asset deposits and withdrawals require layered risk-management mechanisms before being posted to the blockchain for confirmation.

Trade crypto more effectively with a variety of crypto pairs, derivative trading instruments, and order types such as limit order, market order, stop order, or iceberg order. Giving your users local currencies and lower rates so they convert more. Fast integration with the most payment options for higher conversions. To burn the 300 million circulating supply of OKB, OKEx has started a buy-back scheme that occurs after every three months.

okex usa
Author: Sonali Basak


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