OKEx Review UK 2021 Features, Fees, Pros & Cons Revealed

Z OKEx Review UK 2021 Features, Fees, Pros & Cons Revealed

Before, you can use urdubit to withdraw funds as per OKEx website. Unfortunately, the Bank of Pakistan has prohibited dealing with cryptocurrency since April of this year. If you have any problems with your account or have a query about a transaction, OKX offers a handy online support center with answers to a wide range of frequently asked questions. 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. We’ve gathered together a host of information about the platform’s features, fees, pros and cons to help you decide. Unfortunately, OKX is not available to US residents and the exchange has a reputation for offering little in the way of customer service.

2Q== OKEx Review UK 2021 Features, Fees, Pros & Cons Revealed

In comparison to other cryptocurrency exchanges, the OKEx platform is quite advanced, allowing users to trade with different types of orders. Those include market order, limit market order, advanced limit order, stop-limit order, trailing top order, iceberg and Time-weighted average price (twap) orders. OKEx offers a wide selection of trading assets, making it possible to get access to spot and derivatives trading.

OKEX Exchange Rebrand to 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 minimum amount required to open an account and start trading is 10 USDT or any other cryptocurrencies with an equivalent amount. Once your account has been verified and you have completed the deposit process, the funds will be automatically added to your trading account. 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.

You’ll also have opportunities to earn cryptocurrency and withdraw or send it to an outside wallet. We tested the mobile app for various functions, including purchases and transactions. With support for bank transfers, Mastercard, and VISA, you can top your account up and purchase https://www.tokenexus.com/ digital assets in little to no time. OKEx offers the OKEx Wallet – a multi-currency digital wallet that allows you to store assets and ERC20 tokens. It is available on both the desktop platform and the mobile app. Lending allows users to deposit their assets and earn interest.

How to Start Using OKEx

A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately. The option to demo trade makes OKX a great place for beginners to learn the craft of trading and the platform is highly functional and really easy to use. Before you withdraw, you will have to set up a funds transfer. This is basically a password that will allow you to confirm any withdrawals out of your account. Also, remember to be mindful of your withdrawal limits which are dependent on your tier and KYC verification level.

This is done to drive up the token price by reducing the quantity of the tokens available publicly. You can check the exchange’s complete list of supported coins on the exchange’s Markets page. From the home page, you can select “Basic Trading,” which allows for spot and simple option trading. At the moment, OKEx accepts BTC, ETH & OKB as collateral to take out loans in USDT.


For active institutional and retail traders looking for a highly functional yet simplistic trading interface developed by a well-respected global exchange, then it is well worth a spin. This area includes okex review savings and staking for low-risk earn options. It looks like OKX is keen to explore all the avenues that crypto has to offer and are looking to become a one-stop-shop for crypto fans of every kind.

  • There are hundreds of tokens and trading pairs available and the list of cryptocurrencies constantly changes as system updates bring new listings.
  • OKB plays a role in listing votings, where holders can use their tokens to vote for their preferred new listings on the exchange.
  • These cryptocurrency instruments are traded with an agreement between two parties to exchange the asset on a predetermined date.
  • Along with the classic DEX swap option, the protocol has a liquidity pool and farming options.
  • Great experience and very helpful too from their support sometimes, just need to patiently wait long time btw got some error with their withdrawals anyway it’s good now.

The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States. OKX may be a good choice for global cryptocurrency traders looking to buy and sell with low exchange fees. In spot crypto trading, they offer more than 150 coins that when combined with the various currency pairing made available total more than 450. This is a number that is increasing all the time with new coins and tokens coming on board at a steady rate thanks to the support of the trading platform. They also provide their own OKB native coin that you can utilize for a number of exchange-related benefits. OKEx offers spot trading for over 150 different digital assets across 450 trading pairs.

OKEx Fees

It’s worth noting that some of the coins have minimum staking requirements, such as Ethereum, which won’t allow you to stake less than 0.02 ETH. According to OKEx, they have designed a water-tight system that ensures the utmost security of your digital coins. By combining cold storage, private key generation, and backups – user assets are safeguarded. In addition, there is also two-factor authentication on offer, which serves as an extra layer of security for your funds. The platform has undoubtedly managed to curate an extensive set of tools and resources that cater to most of the requirements of a cryptocurrency investor. However, the most crucial concern for any trader is the safety of their assets.

  • Here’s a look at how it compares to another popular exchange, Coinbase.
  • In 2020, customers’ funds at OKEx were frozen and people were prevented from withdrawing their equity for nearly a week after Chinese police launched an investigation linked to the company.
  • However, there are also good points, like its friendly spot trading interface and wealth of resources for beginners.
  • With all of this, OKEx can hold its own against any other top exchange available.

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