The BTC futures trading on OKX surpasses $1.5bn per day in daily trading volume as the exchange caters to institutional and retail traders. Once logged in, you can view account balance and access features for spot, futures, options, and other trading needs. You’ll also have opportunities to earn cryptocurrency and withdraw or send it to an outside wallet. OKX was founded in 2017 and its services are offered by its various Seychelles-incorporated and Bahamas-registered corporations. According to CoinMarketCap, OKX is the 18th largest cryptocurrency exchange in the world by volume.
How OKX Compares to Other Cryptocurrency Companies
Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. OKX is not currently available in the U.S., but its sister platform, OKCoin, is. OKX has a complex fee structure and is a complicated platform best for experienced traders.
Signing Up for an OKX Account
However, the network fee originates from the blockchain load and is hence not an OKEx withdrawal fee. The professional-looking interface, real-time crypto price indicators, and various dashboard data analysis and comparison tools ensure an even better trader experience. OKEx is a crypto exchange platform that has been in operation for quite some time now.
OKEX Exchange Rebrand to OKX
Futures, swaps, and options have their own rate schedules with varying fees. OKX is a global cryptocurrency company offering a crypto exchange and a suite of additional services. With offices in Hong Kong, Singapore, the UAE, and okex review the Bahamas, OKX’s cryptocurrency exchange is widely available to users worldwide but notably not available in the United States. The company does offer Web3 services to U.S. residents from its Silicon Valley location, however.
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Opening an account is easy for anyone outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX. This OKEx review clearly shows it is a trusted platform with millions of users from across the world. Also, it has been around for quite some time, and if it were a scam, it would have been exposed a long time ago. OKEx will not charge traders any deposit or withdrawal fees regardless of their tier level. But for withdrawals, this does not exempt you from certain charges such as the network fee.
- ⦁ Any cold wallet is no longer used for deposits after the first withdrawal occurs.
- While it’s exchange services are not available to users in the United States, it could be a good choice for others looking to buy, stake, and trade a large number of currencies.
- They are also known to cater very well to Asian-based traders with support for currencies like the Chinese Yuan that may be difficult to find elsewhere.
- Within each group, there are further tiers that define the commissions and fees.
- Members of a trader’s entourage can automatically execute the same trades they do, while the lead trader gets 10% of the profits.
- OKX has created its own cryptocurrency, OKB, which utilizes the ERC-20 architecture and boasts a fixed supply of 300 million tokens, of which around 20% are circulating.
- Before making financial investment decisions, do consult your financial advisor.