More and more cryptocurrency exchanges appear in the world, and each of them has its special features. In our article, you will find a detailed description of the OKEx (okx com) cryptocurrency exchange and its main advantages and disadvantages.
Features of okx com cryptocurrency exchange
OKX com is a subsidiary of the well-known trading platform OKex. The exchange was created in 2014 with the purpose of futures trading since this specific section on OKex was not available. However, now okx com has grown considering its daily turnover, which is equal to such well-known platforms as Binance, Huobi, HitBTC, and KuCoin.
Users state that the platform, the registered office of which is situated in Hong Kong, is known for a large number of trading pairs, convenient functionality, and a high level of security. The exchange is quite popular not only among experienced traders but also among beginners.
Benefits and drawbacks of OKX
This Hong Kong exchange has long drawn ahead of its predecessor, OKX, and aside from the futures, the exchange can boast lots of advantages that attract customers to the platform. Among them are:
- A great number of trading pairs.
- The exchange’s website has been translated into 11 languages, and there’s no risk in assuming that it is aimed at international development.
- You can access the exchange’s website not only through a browser but also through the mobile application for Android and iOS.
- The exchange’s reputation is impeccable. Over the years, it has never been hacked, due to the high-security level.
- Participants’ accounts are protected by two-factor authentication, SMS verification, email notification, and an additional password.
- Users can trade Bitcoin and Ethereum futures.
- Low transaction fees from 0.15 to 0.2%.
- The opportunity to choose margin trading (X20).
- Responsive technical support, which response to customer requests as fast as possible.
- The minimum withdrawal amount is 0.01 BTC; 0.1 LTC; 0.01 ETH.
- There is an API for developers.
The main drawback of the platform is mandatory three-stage verification. Users are required not only to provide information about themselves but also to provide copies of documents, which not all traders are ready to do.
Registration on OKEx
- Select the language version convenient for you on the homepage of the exchange by clicking the corresponding button in the top right corner.
- After that, click the “register” button to create an account.
- When the registration form pops up, specify your email address or phone number. If you register by mail, enter your address and click “Get a code”. After that, you will receive a secret code that you will need to enter in the appropriate field. Next, set a password, accept the agreement, and click “Sign up”.
- When you entered all the data, you will be forwarded to your cabinet, where you can find a video with instructions for new traders. By clicking on your email address, you can set security settings and pass verification.
- Use the “Account” tab to deposit money on the exchange (“Deposit”) and withdraw profits to your wallets (“Withdrawal”).
When it comes to daily turnovers, this Hong Kong cryptocurrency exchange is considered to be one of the best exchanges, which has successfully drawn ahead of more eminent platforms. All this indicates that the exchange has considerable advantages, which make it interesting for traders from all over the world. The project developers pay attention to customer opportunities and security measures and try to make the trading environment as friendly as possible for the participants. That is the main reason why they have translated the website to several languages.
There are lots of reviews on OKEx platform, and, ironically, they are all different. However, all users note the safety measures taken by the developers and great opportunities for trading. Besides, the support service of the exchange always responds quickly and tries to help customers to resolve all arising issues.