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okex review

OKX uses industry-standard security practices, including cold storage for most customer assets. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes. OKX (formerly OKEx) is one of the largest crypto exchanges in the world.

Comparison with Other Trading Apps

okex review

Here is an overview of some of the main products you can get when trading on the OKEx platform. As with any asset, the values of digital currencies may fluctuate significantly…. Once you click on the Buy button, you will be transferred to a page where OKEx offers you the best prices provided by a third party.

okex review

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okex review

They are used by millions of customers worldwide and have generally positive reviews and customer experiences. However, as with every centralized exchange, there is always a risk of hack attempts. There are CALL options that give you the right to buy, and then there are PUT options that give you the right to sell some asset. When buying an option, you are paying a premium to the counterparty and some trading fees to OKX derivatives. Cryptocurrency exchanges have some unique security concerns you don’t typically face with traditional banking platforms.

Cryptocurrencies Available on OKX

You can also elect to get your positions margined with either coins (crypto) or Tether (USDT). Derivative instruments are leveraged, which means you can magnify your gains/losses many times over. What you’re really verifying is that the information presented in the Tree is correct. This can be your own assets (to show that they were included in the data encryption) or the assets held by the exchange.

okex review

okex review

Telegram support is also available, but please always be careful utilizing Telegram support groups. There are hundreds of scammers pretending to be customer support, so remember that no support staff will ever ask for passwords, private keys, secret phrases, or ask for you to send them funds. MetaX could be a serious game-changer in leading to crypto mass adoption. One of the most considerable barriers to crypto adoption and DeFi is the complexities and learning curve.

The OKX app is one seriously powerful piece of software that fits in your pocket. This app allows trading on all markets at OKX, including their futures and spot markets and margin trading. In addition, the mobile app gives users the ability to explore their NFTs and GameFi apps (among others). Positive reviews focus on an easy online experience, fast transitions, and low fees. Negative reviews mention poor customer service, lost funds, and slow withdrawals.

How OKX Compares to Other Cryptocurrency Companies

  • Overall, OKEx has created an ecosystem that works well for cryptocurrency traders.
  • Margin trading uses a loan agreement to multiply your effective funds.
  • Perhaps worse than the 2020 arrest incident is a 2018 investigation by crypto trader Sylvain Ribes, which argued that OKX (then OKEx) had faked 93.6% of its total trading volume.
  • OKX (Previously OKEx) is a professional trading platform that is well-backed and has international goals.
  • The app allows you to set stop-loss orders, limit orders, and take-profit orders.

With the rebranding and platform overhaul, we felt it appropriate to do an updated OKX review as this exchange has got some exciting developments underway. OKEx offers 300+ crypto coins, while Coinbase offers around 150+ cryptocurrencies. Trading fees are quite high on Coinbase, starting at 0.5%, while OKEx fees start at 0.1%.

  • OKX offers a buying and selling service that lets users easily buy cryptocurrency using a bank card, Apple and Google pay or bank transfer.
  • OKX offers a curated selection of cryptocurrencies, boasting 320 spot currencies and over 460 trading pairs.
  • Ensure you’re using the best security features OKX offers to keep your account and funds as secure as possible.
  • Placing orders will feel familiar to those with experience using other exchanges that use the standard order-book interface.
  • Using the Options Discovery tool will also draw you out a neat payoff diagram where you can see the profit/loss that will incur for said option.

Step:1 Creating Account

Crypto traders in the US should consider Kraken, Binance US or Coinbase. There is also relatively limited liquidity for the options market, especially out-of-the-money ones. As for PC clients, OKX has developed a program available on both Mac & PC clients. This is just as functional as the web-based trading platform, although it is likely to be a bit faster. Jumpstart gives users a chance to earn tokens from projects before they launch to the public.

Post Author: tiaraotl