okex exchange

Compensation may impact the order in which offers appear on page, but our editorial opinions and ratings are not influenced by compensation. You can also enjoy our value-added services at OKEx, including Wallet, which keeps your assets secure; OKEx Pool, for you to stake your crypto for gains; and our one-stop crypto-learning platform, OKEx Academy. Finally, the transaction limit when placing a fiat-to-crypto trade varies depending on the level of account verification you have completed. After submitting your name, country of residence and ID number, you’ll be able to access a single transaction limit of RMB800 . This limit can be raised as high as RMB1,000,000 per transaction by submitting additional information.

okex exchange

A recent addition to the exchange’s suite of additional functionalities has been the addition of algorithmic trading tools. On October 16, 2020 OKEx temporarily suspended withdrawals following its founders alleged arrest. On November 19, 2020 OKEx announced that withdrawals would reopen and will resume on or before November 27. Even better, we have a sophisticated risk-management system on board that has been protecting our traders from early liquidation.

Cryptocurrency

OKEx is a global trading platform that is available to over 100 countries across the globe. Crimea, Syria, Ecuador, Bolivia, The USA and its territories, Hong Kong, Sudan, Malaysia, Kyrgyzstan, Bangladesh, and Cuba. You can sign up for an account with OKEx simply by providing your email address and creating a password. This allows you to start trading crypto-to-crypto, but if you want to make a fiat deposit or withdraw any funds from your account, you’ll need to provide additional personal details.

OKEx’s previously issued OKB coin, an ERC-20 based token, would become the native token for the new blockchain. OKEx also said that it would develop a decentralized exchange on OKChain called OKDEx.

Are The U S Traders Allowed To Use Okex?

A list of top markets on OKEx exchange based on the highest 24h trading volume, with their current price. The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. Because trading platforms are relatively heavy, downloadable software that takes most of the strain means avoiding the risk of a browser running into memory and processing difficulties and potentially freezing. The more professional nature of OKex’s exchange platform also means that it places more demand on hardware than the average cryptocurrency exchange. We provide a wide range of benchmark crypto derivatives, including futures, perpetual swap, and options, all with margin options of USDT or other cryptocurrencies. OKEx Quick Trade is the simplest way to buy cryptocurrencies on the OKEx platform.

To ensure you have the most up to date information, you should verify relevant information with the product or service provider and understand the information they provide. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. If you have any problems with your account or have a query about a transaction, OKEx offers a handy online support centre 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 maximum amount you can withdraw from your OKEx account in each 24-hour period varies according to your trading volume, as outlined in the table below.

Coinbase Listing On Nasdaq Sets Benchmark For Other Crypto Exchanges

OKEx’s trading fee structure is dependent on whether a trader is a market maker or a market taker. However, the majority of crypto traders are market takers rather than market makers because of the huge number okex exchange of securities needed to validate a trader as a market maker. However, in the case of fiat-to-crypto trading, users need to click on the “Quick Trade” option that allows them to buy cryptocurrencies with fiat.

OKEx launches bot feature to assists with trading strategy – Livemint

OKEx launches bot feature to assists with trading strategy.

Posted: Thu, 11 Nov 2021 08:00:00 GMT [source]

This OKEx review will tell you everything about OKEx, an international digital asset and cryptocurrency exchange platform, which allows users to trade on hundreds of tokens. It is an innovative exchange that was founded in 2014 by Star XU. This exchange was born out of OKCoin, with its target on the more advanced cryptocurrency traders. OKEx was born out of its sister company OKCoin which is a simpler crypto exchange USA that mainly targeted professional crypto traders.

Trade More Than 100 Cryptocurrencies On One Of The Worlds Largest Digital Asset Exchanges

They also offer advanced trading tools to professional investors that make algorithm trading possible. The OKex exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. For now, unfortunately, Chinese Yuan is the only fiat currency supported. The exchange supports well over a hundred cryptocurrencies and tokens with the regular addition of new options. Whether you are just a one-time investor or an active daily trader, it doesn’t matter.

Is Kraken better than Binance?

Both exchanges have options both for less experienced traders and advanced traders, but Kraken is better for US customers. Binance is better for lower fees and advanced trading.

You can also view crypto prices in the spot, futures and options markets and adjust your trading strategies at any time. The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms.

Okex Trading Volume

Traders either purchase cryptocurrencies on the website with a credit card or can transfer cryptocurrencies from other exchanges or any hardware wallet. Once their accounts are funded, they can directly start trading on the OKEx platform. OKEx issued a press release on December 9, 2019, stating that it would launch put and call options trading later that month on December 27. The release indicated that OKEx’s offer of put option trading would be unique among cryptocurrency trading platforms. On December 26, the online cryptocurrency news service CoinTelegraph reported that OKEx had said initially only a selected subset of its customers would be able to trade options at first.

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. On April 11, 2018 the company announced its expansion to Malta, given the country’s efforts to provide a sound regulatory framework for blockchain businesses and digital asset exchanges. The exchange offers crypto-to-crypto and fiat-to-crypto trading, providing a seamless fiat on-ramp from 30 major currencies, as well as iOS and Android apps so you can trade on the go. No, OKEx does not offer its services to U.S. citizens due to their strict internal regulations outside the exchange’s control. Therefore, investors will need to find a licensed trading platform in the USA to invest in cryptocurrency. Users are allowed to transfer a specific type of cryptocurrency to the wallet deposit address only that they receive on the selected cryptocurrency.

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. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site.

The exchange strives to achieve something that changes the world and never stops to innovate and improve our customer experience. ● With our unique semi-offline multi-signature technology and our hot and cold wallets, we’ve taken an all-encompassing view of security to ensure the safety of your assets. You can confidently deposit and withdraw funds securely, quickly and easily.

How Long Does A Deposit Take Okex?

OKEx is an innovative cryptocurrency exchange with advanced financial services built on blockchain technology to provide trading, investment, and learning resources. Our diverse product offerings and ecosystem provide advanced financial services to millions of users in over 200 countries. In addition, we strive to provide a safe and secure cryptocurrency trading environment using GSLB, distributed server clusters and many more advanced technologies. OKEx exchange is listed as one of the largest crypto exchanges in the world on CoinMarketCap.com. According to their official website, their daily turnover is around $1.5 billion only from its Bitcoin futures trading product. Though OKEx supports trading with both fiat currencies and cryptocurrencies, it allows only cryptocurrencies to deposit funds into a trader’s account; there is no OKEx fiat deposit allowed on the platform.

Does OKEx work in Canada?

You can buy cryptocurrency on OKEx with a variety of supported local currencies including CAD or by depositing crypto into your account and trading it for cryptocurrency. Why should I buy cryptocurrency on OKEx?

Author: Helen Partz

Leave a Reply

Your email address will not be published.