Traders on both platforms can reduce their trading fees further by simply holding, or using the platform’s native token to pay for trading fees. Aside from these platforms feeling a bit cluttered due to the sheer number of products and features, both platforms can be considered user-friendly (ish) after some time. The layouts and designs are so similar that neither platform takes a win as they are essentially on par.
VIP status can be achieved with a lower threshold of only 1,000 BTC. The original exchange was a spot crypto trading exchange that has expanded rapidly since its launch. The BTC futures trading on OKX surpasses $1.5bn per day in daily trading volume as the exchange caters to institutional and retail traders. OKX has a strong customer support function, with live chat, support tickets, email, and Telegram channels available for users to reach out. The exchange also provides a wealth of resources, including an academy, community groups, and a glossary, to help educate users about crypto trading.
OKX Review: Supported Cryptocurrencies
As long as you have the crypto assets in your OKX wallet, then staking them can be completed in a matter of minutes. If you don’t, then the staking panel allows you to purchase them beforehand. To help investors place a trade at a predefined volume and price, different market orders and the ability to use Algo orders are vital for active daily users. Therefore, the OKX (Previously OKEx) platform allows users to trade with different types of orders.
At the simplest level, you can buy crypto and withdraw it as fiat with a sleek, smooth interface. To buy more complex assets, you’ll have to wade through some deeper thickets, but none that should seriously trip up an intermediate trader. OKX currently has about 350 different cryptocurrencies available for purchase, ranging from well-known usual suspects like Bitcoin and Etherum to sub-dollar tokens for fans of particular football clubs. It’s not nearly as many as KuCoin, but about 100 more options than you’ll get on close competitor Crypto.com (see our Crypto.com review for details). Samuel Chapman, a writer and editor at Cloudwards, possesses over four years of experience specializing in online security, privacy and cryptocurrency.
OKX Review Mobile App & PC Client
OKX is definitely the “prettiest” crypto exchange, but these platforms didn’t reach the massive levels of success that they have by offering anything less than near perfection by nearly every metric. Binance edges out a slight win here as they have a better selection of products with more features available, but much of this will come down to personal user preference and the needs of the trader. Their fees are competitive compared to other Australian exchange sites, and they offer leverage trading. The TradingView charts take centre stage and where traders have access to all the analytical tools and indicators they need.
- If you set up your order to buy and the market rises above this limit then it will not be executed until the same amount of shares have been sold first.
- Structured Products- These are innovative financial instruments that earn interest from the derivatives market.
- Cloudwards.net may earn a small commission from some purchases made through our site.
- OKX also offers a wide range of alternative products, including margin trading, futures trading, perpetual swap contracts and trade options.
- Customer support at OKX aims to go the extra mile to ensure a positive experience for its users.
- I hope this article helped you in your search to find the perfect exchange for you.
The wallet supports 36 digital assets and multiple vaults and integrates seamlessly with the main OKX trading app. OKX offers advanced financial services as well as excellent primers for anyone new to crypto. It boasts an impressive list of services that include flexible borrowing and ways to earn interest on staked tokens. OKX provides simple and complex trading tools and, if you’re interested, an on-ramp into proof-of-work crypto mining and DeFi liquidity mining.
OKX NFT Marketplace
The security features on the OkEx platform are some of the most robust on the market. First off, there is two-factor authentication that you should set up as soon as you have an account with OkEx. It’s easy to do and it provides much better protection for your funds. There is also support for facial recognition verification, which can be used instead of or in addition to phone number verification. OkEx has a 24-hour withdrawal policy for all cryptocurrencies, tokens and fiat. This feature makes it easy to withdraw funds from OkEx at any time because there is no waiting period needed before your action is executed.
Once you select a trader to copy, you can access their Profit and Loss performance, their number of trades, and the number of followers. However, the advantage over other copy trading platforms is that you can see a breakdown of the crypto assets that are preferred by the trader which gives valuable insight. The number of trading markets is equally impressive at 777 (at the time of writing) considering https://www.tokenexus.com/okex-exchange-review/ that only Binance, Huobi Global, and KuCoin have more markets in the top 15 crypto exchanges in the world. Moreover, OKX (Previously OKEx) is also one of the biggest trading platforms, which makes it highly reliable. This platform’s trading services and digital assets comply with the Virtual Financial Asset Act (“VFAA”) and are regulated under the authority of the Malta Financial Services Authority.
Timeframe
Before putting any money into a cryptocurrency exchange, make sure you have a safety net and an exit plan. Although it’s possible to create an OKX account without completing Know-Your-Customer (KYC) verification, users wishing to deposit funds or trade on the platform need to. However, we’ve previously reviewed the best options for users wanting to trade on a no-KYC exchange.
