Okex Exchange Review 2020
Okex cryptocurrency exchange is considered as the most trusted digital assets exchange and the global leader of the blockchain technology. Any of the exchange cannot be regarded as a trusted exchange until it proves itself. The exchange has brilliant records so far in the crypto world and has proved its worth as a secure and advanced platform for trading.
We are going to provide the users an elaborative review of the Okex exchange which will include the details about the exchange and through these details, users will come to know whether this exchange is a trusted trading platform or not.
Following are the main areas of the Okex exchange review 2020 that we will discuss today:
- What is Okex exchange
- Supported Currencies
- Accepted countries
- Payment Methods
- Okex trading options
- Okex fee structure
- Okex trading wallets
- Customer support
- Okex Pros and Cons
- Is Okex safe to use?
Let’s review these points about Okex Exchange
What is Okex Exchange
Okex crypto exchange is the world’s leading cryptocurrency exchange platform for selling, buying and trading digital assets. The exchange was initially started by Star Xu in the year 2014. It is a Malta-based cryptocurrency.
It is also regarded as the world’s second-largest crypto exchange in terms of high volume. The digital assets’ trading platform offers investors and traders to trade with BTC, ETH, LTC and other cryptocurrencies on its platform.
The daily volume of BTC futures trade on the Okex exchange is $1.5B. The crypto exchange is providing its services to users of more than 100 countries. The main mission of the exchange as described on the website is:
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. We strive to achieve something that changes the world and never stop to innovate and improve on our customer experience.
Okex Supported Currencies
The crypto exchange is currently supporting two fiat currencies which are USD and CNY.
While the exchange supports the trade of 146 cryptocurrencies on the platform. The important digital coins are ETH, BTC, LTC, EOS, ETC, TRX, BCH, XRP, TRUE, ABT, MITH, HSR, BTM, IOST, and AUTO.
Okex Accepted Countries
Okex exchange accepts users from more than 100 countries all over the world.
Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta, Indonesia, United Kingdom, Lebanon, Mexico, Libya, Sweden, and others.
Okex Payment Methods
There are four methods for depositing funds into the Okex trading account. These methods are:
- Cryptocurrency transfer
- Bank transfer
- WeChat Pay
Okex Trading Options
The exchange offers different types of trading options on the platform. The main trading options on the platform are:
- Spot trading
- Futures trading
- C2C trading
Okex Fee Structure
Fees are imposed on users on the basis of the trading option they choose. Okex fee structure is given below:
Trading fee: maker fee varies from 0.02-0.15% while taker fee vary from 0.05-0.2%
Deposit fee: fees vary
Withdrawal fees: fees vary
If you want to see the whole structure of trading fees of the Okex exchange, you can visit this link: https://www.okex.com/pages/products/fees.html
Okex Trading wallets
There are different types of trading wallets on the Okex exchange platform. These trading wallets include:
1 : Funding Wallet: Funding wallet allows you to transfer, deposit, and withdraw your funds.
2 : Trading Wallet: This wallet is for different trades. And it involves accounts of C2C, spot and margin trades.
- C2C trading wallet: users who trade with C2C trading option have their accounts on the C2C trading wallet.
- Margin trading wallet: It contains the accounts of users who trade with margin trading option.
3 : Saving Wallet: It allows you to save their funds and earn interest on it. Users can deposit and withdraw funds whenever they want.
Okex Customer Support
If you have any kind of inquiry about the exchange and you face any problems in your accounts or about your transactions then you can get help from the Okex community.
The 24/7 service is available for the customers. For further details, Users can also visit the official email of the exchange: firstname.lastname@example.org
Okex Exchange Pros and Cons
Followings are some of the advantages and disadvantages of the exchange.
Is Okex safe to use?
Users mostly face scams issues on many platforms. Okex exchange is providing with the advanced security options like 2-factor authentication, anti-pushing codes for every email by the Okex exchange and also mobile verification codes for withdrawals. With these security features, scams can not touch the platform. So, users should feel free to think about the exchange.
Okex is a well-developed cryptocurrency exchange with its significant features. The trading platform provides more facilities to professional users as compared to the other exchanges. Low trading fees also attracts users.
Crypto exchange offers users with Bitcoin and Litecoin futures and also high trade volumes. There is no danger of scams and hacking activities due to its high-quality security system.
In short, the trading platform is suitable for safe and secure cryptocurrency trading.