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OKEx Crptocurrency Exchange Review

7.2

CURRENCY VERITY

7.5/10

REPUTATION

7.0/10

CUSTOMER FEEDBACK

6.0/10

CUSTOMER SUPPORT

7.5/10

DESIGN

8.0/10

Pros

  • Trusted Cryptocurrency Exchange
  • Secure Wallet Technology
  • Worldwide Customer Base

Cons

  • No Live Support

What Is OKEx Crptocurrency

OKEx Crptocurrency is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.

OKEx provides hundreds of token & futures trading pairs to help traders to optimize their strategy. We are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100 countries. The BTC futures trade has nearly $1.5B of volume daily, and is widely recognized as the gold standard for the industry.

ExchangeDetails
Exchange NameOKEx
Exchange TypeCryptocurrency
Coins133
 Trading Pairs341
 Websitehttps://www.okex.com
Support24/7
 Social SupportTwitter
 Alexa Rank2009
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

OKEx Crptocurrency Exchange Hosting Details

  • Datacenter: AWS EC2 (ap-east-1)
  • Server IP: 18.163.244.202
  • Location: Hong Kong
  • City: Hong Kong
  • Domain Who Is: Click Here
  • Nameservers: ns-764.awsdns-31.net, ns-1412.awsdns-48.org, ns-36.awsdns-04.com, ns-1625.awsdns-11.co.uk
  • Reverse DNS of the IP: ec2-18-163-244-202.ap-east-1.compute.amazonaws.com

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

Trading Fees

A guide to market making with master and sub accounts

The master account’s tier is determined according to the total 30 day trading volume of all master and sub accounts. Fee rates of your master account will be applied to your sub-account at 18:00 (CEST, UTC+2) on the same day after creation.

OKEx distinguishes normal and VIP users according to trading volume. Normal users are divided into different tiers by their OKB holdings while VIP users by trading volume. Users‘ transaction fee on next day is determined by their tiers.

When calculating the fee tier, a user is entitled to the discount of the highest tier among the spot, futures, perpetual swap and options markets. For example, in the last 30 days, the user achieved spot trading volume of 5,000 BTC (VIP2), futures 30,000 BTC (VIP3) and options 1,000 BTC (VIP1). Then his fee tier would be VIP3 and he can enjoy the privileges of VIP3 across the spot, futures, perpetual swap, and options markets.

  • Spot Trading
  • Futures Trading
  • Perpetual Swap Trading
  • Options Trading

Normal User

Tier
Lv1
Lv2
Lv3
Lv4
Lv5
Total OKB holding30-day Trading Volume (BTC)Maker FeeTaker Fee24hr Withdrawal Limit (BTC)
< 500< 1,0000.100%0.150%500
≥ 500< 1,0000.090%0.135%500
≥ 1,000< 1,0000.080%0.120%500
≥ 1,500< 1,0000.070%0.105%500
≥ 2,000< 1,0000.060%0.090%500

VIP User

Tier
VIP1
VIP2
VIP3
VIP4
VIP5
VIP6
VIP7
30-day Trading Volume (BTC)Maker FeeTaker Fee24hr Withdrawal Limit (BTC)
≥ 1,0000.060%0.080%600
≥ 5,0000.040%0.075%800
≥ 10,0000.020%0.070%1,000
≥ 20,0000.000%0.060%1,200
≥ 50,000-0.002%0.050%1,500
≥ 100,000-0.005%0.040%1,800
≥ 150,000-0.010%0.030%2,000

Total OKB holdingThe Total OKB holding is the total amount of OKB held in your main and sub-accounts, spot account, margin account and C2C account.30-day Trading VolumeOur system will record the transactions according to the prices (in quote currencies) at that time. Then every 24 hours at 00:00 UTC+8, it will calculate the total trading volume in BTC equivalent.

Example: If you have traded OMG/BTC, XUC/BTC, BTC/USDT, LTC/ETH and BCH/USDT, our system will record the transactions in BTC, ETH, USDT according to the prices at that time. Then at 00:00 UTC+8, it will calculate the total trading volume of BTC, ETH and USDT in BTC equivalent.

Transaction fee charges: For spot market trading pairs, we will charge the transaction fee from the asset you buy. For example, when a user trades a BTC/USDT pairs, the transaction fee will be charged in BTC when buying BTC, USDT will be charged when buying USDT.

Rebate Rules of Negative Trading Fees For a spot market order, a trading fee rebate is settled in the digital asset the taker pays for the transaction fee. For example, in the BTC/USDT spot market, if a user places a BTC sell order, the buy taker will pay the transaction fee in BTC, and the sell maker will receive a fee rebate in BTC. If a user places a BTC buy order, the sell taker will pay the transaction fee in USDT, and the buy maker will receive a fee rebate in USDT

Create Order

Maker orders are “passive” limit orders posted on the order book prior to the trade. Example: If the current market price is 1000USD and you created a 999USD maker order, the order will not be filled. Instead it will be posted on the order book, allowing others to take the order. Once the order is filled, maker will pay the maker fee and taker will pay the taker fee. The final transaction fee will not exceed 12.5% ​​of the option premium.

24h Withdrawal Limit 24hr withdrawal limit:

The limit of withdrawing all your crypto in the account for the day in BTC equivalent. You may contact our customer service manager if you wish to increase the limit.Example: A Lv1 user has a withdrawal limit of 300 BTC equivalent, after withdrawing 250 BTC, 25 BTC worth of OMG and 15 BTC worth of XUC, the user will have a withdrawal limit balance of 10 BTC. Thus, withdrawing 20 BTC worth of XRP must wait until the next day, or he will have to contact customer service to request for increasing the limit.The 24hr withdrawal limit differs based on the user’s KYC (Level 1 ≤200 BTC, Level 2 ≤500 BTC).

Maximum Loan Amount

The available borrowing amount is determined by the minimum value of the borrowing amount calculated by the Margin Account’s balance, the borrowing amount of the Main Account, and the borrowing amount of the margin ratio position. Further information for margin ratio position and the borrowing amount: Margin borrowing Position Tiers

For example:

1.User A has 600000 USDT in his BTC/USDT account. 4X of his balance is 2400000 USDT. Therefore, the maximum loan amount is 2000000 USDT.

2.User B has 200000 USDT in her BTC/USDT account. 4X of her balance is 800000 UDST. Therefore, the maximum loan amount is 800000 USDT.

Remarks: The individual limit is calculated separately in different trading pairs. Even if you have borrowed 2000000 USDT in the BTC/USDT trading pair, you can still borrow another 500000 USDT in the XRP/USDT trading pair. To minimize your risk, we also consider other factors when calculating your maximum loan amount. The final amount should be the value stated in the margin trading page.

Mission

OKEx believes the blockchain technology will eliminate barriers to transactions, increase the efficiency of transactions across society, and eventually have a significant impact on the global economy. They strive to achieve something that changes the world and never stop to innovate and improve on the customer experience.

Technology

Security is always the priority. OKEx provides a safe, reliable and stable environment for digital assets trading via the web interface and mobile app by adopting GSLB, distributed server clusters and many more advanced technologies. We also invent and develop products according to customers’ needs and suggestions to offer the best trading experience available in the industry.

The Most Trusted Cryptocurrency Exchange

Secure Wallet

Technology Cold and hot wallet technology developed by the world’s top security team. A spotless track record of secure transactions.

Full Range of Products

Supports spot and derivatives trading, onchain wallets, mining pools. Discover all the cryptocurrency options available.

Worldwide Customer Base

Full range of cryptocurrency services for users from over 130 countries around the world.

One-Stop Cryptocurrency Platform

Buy Crypto

Convert over 30 local currencies into Bitcoin, Ethereum, USDT or other cryptos in minutes via Visa, Mastercard, and other convenient payment methods. We offer certified merchants for your transactions and a comparison view of different service providers so that you can trade cryptos instantly and at a low price.

Trade

Trade crypto more effectively with a variety of crypto pairs, derivative trading instruments, and order types such as limit order, market order, stop order, or iceberg order.

Tools

Diversify your crypto portfolio and build long-term wealth with advanced tools for crypto mining, wallet management, and crypto holdings.

Academy

Sharpen your OKEx trading skills and learn expert tips through quick video walkthroughs. Go from a novice to crypto expert in minutes with quick tutorials on how to buy your first crypto or trade options.

OKEx – Bitcoin/Crypto Trading Platform

OKEx is a Global Leader of Blockchain Technology. We offer the most reliable platform for fiat, token & futures trading. We have 20 million users online globally and we are one of the best exchanges with high trading volume.

OKEx App is an all-in-one trading platform for digital assets. You can trade, get real-time streaming quotes, manage your account and more – all from the palm of your hand.The OKEx App is designed from the ground up to provide you with the most safe, professional, transparent and comprehensive digital asset experience on mobile.

Download OKEx – Bitcoin/Crypto Trading Platform


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