OKEX Review Accepted Countries, Payment Methods, Coins & User Reviews
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OKX Withdrawal Fees
- If you’d prefer a slightly more reliable source of income, OKX offers several options for putting your cryptocurrency to work making money passively.
- OKX (Previously OKEx) is a global trading platform that is available to over 100 countries across the globe.
- However, since many people still know and refer to it as OKEx, for the sake of continuity, I’ll be calling it that in this article, as well.
- First, click on the “Log in” on the top right corner of the official site of OKX.
- Even in an industry where trading fees are typically low across the board, OKX has some of the best value with its tiered system.
- We may receive compensation when you click on links to products we review.
This allows you to hone in on the ideal option for your trading conditions. When it comes to asset coverage, you can trade up to 12 different assets. These include all of those that you can trade with the futures above and the addition of NEO, LINK, and DASH. As is the case with the futures instruments, you have 100x max leverage, and you can choose to margin your position either with coins or with Tether.
My Key Takeaways after testing the OKX Mobile App
Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed.
OKX Exchange Fees
While OKX has a simple trading form suitable for novices, it’s recognized as more suited to seasoned traders, given its advanced features. This might make the platform okex review less attractive to beginners in a significant portion of the crypto market. OKX Fees on Options- Normal users’ trading options have similar fees to perpetual swaps.
Cryptocurrencies Available on OKX
We decided to test it to find out whether you can manage your account from the mobile app and what are the supported features. The trading fee structure at OKEx is based on whether an investor is a market maker or a market taker. But due to the size of securities needed to facilitate the volume required to become a market maker, the majority of crypto investors are market takers. If you are considering opening an account with OKEx exchange, be sure this read this guide first. We’ll cover everything you need to know including the exchange fees, features, range of assets, the safety of funds, and more.
Deposit and Withdrawal Options
Though OKX supports trading with both fiat and digital currencies, it allows only cryptocurrencies to deposit funds into a trader’s account; no OKX fiat deposit is allowed on the platform. Traders can purchase cryptocurrencies on the OKX website with a credit or debit card or transfer cryptocurrencies from https://www.tokenexus.com/ other exchanges or any best crypto wallet (or hardware wallet). OKX is one of the world’s top crypto spots and derivatives exchanges, and therefore, the trading fee structure is slightly different from other crypto exchanges. OKX’s trading fee structure depends on whether a trader is a maker or a taker.
- This fee also varies or reduces based on the OKB tokens the users hold.
- While the web browser version is potentially a good option for you if you are not an active trader, you may be more comfortable using the OKEx desktop or mobile app for regular use.
- Furthermore, OKX supports 94 fiat currencies, including USD, GBP, EUR, and AUD, meaning the platform is highly accessible and great for new investors starting to build a portfolio.
- Its low trading fees and diverse financial products, such as futures and options trading, are appealing to those looking for more sophisticated trading tools.
Does anyone know the process to remove Euro from my trading account?
I found OKX’s search functionality disappointing due to geographical restrictions. With only 40 cryptocurrencies available to UK users, the search tool is limited to those cryptos. In contrast, exchanges like Coinbase provide a superior search tool that allows users to discover unlisted cryptocurrencies that serve as educational resources for the larger crypto market. Additionally, OKX offers advanced charting capabilities, allowing users to access 13 of the best crypto indicators, including RSI, MA, and MACD. However, during our testing, we found it challenging to use the provided drawing tools accurately, as the buttons to pivot our lines were often unresponsive. The benefit of using OKX to attain a crypto loan is that funds held on the exchange can be used as collateral, making it highly convenient for traders with existing holdings on the platform.