Established by JayHao in Malta in 2017, the OKEx exchange is a leading platform that enables users to trade a diverse range of futures trading pairs and crypto tokens. With millions in traded volumes on a daily basis, the platform has amassed a vast audience interested in crypto trading.
What makes this platform particularly attractive to those interested in trading crypto are its numerous high-end features, including a wide selection of tradeable assets that make derivatives and spot trading easier and more accessible.
In summary, when examining the benefits offered to users through this OKEx exchange review, it is clear that OKEx is one of the best exchanges on the market.
User Interface of the OKEx Exchange
Straightforwardness and ease of navigation are some of the key features of the user interface provided by OKEx, as highlighted in this brief review. The exchange seeks to make crypto trading less intimidating and more accessible to all interested traders, and its interactive user interface plays a critical role in achieving this goal.
On the main screen, users can take advantage of a range of features, such as:
- Buy/sell panel
- Market order depth
- Trading panel displaying open orders and history
- Trading view chart
Trading Fee and More
One prominent aspect of the OKEx exchange is its fee structure, which is not only low but also free of hidden charges, setting it apart from other platforms in the crypto market. The exchange operates on a market maker and taker fee model, and its fees are an important consideration for traders.
While no fee is charged for making deposits, a withdrawal fee is required, the details of which are outlined below.
- 0005 BTC withdrawal fee for Bitcoin
- 15 withdrawal fee for Ripple
- 01 withdrawal fee for Ethereum
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OKEx is a User-friendly Exchange
All cryptocurrency traders and investors must select a platform with an intuitive user interface. Buying, selling, and trading cryptocurrency is already a challenging and stressful endeavour; using a platform that is difficult to use will just make things more difficult.
The user interface of an exchange can therefore help you as a new crypto enthusiast decide which exchange is best for you to utilise.
Some exchanges have a sophisticated interface because they were created expressly for specialists. Nonetheless, this OKEx review emphasises how the exchange offers a straightforward, user-friendly layout that makes it a good choice for all types of users.
One of the Highest Leverages
Leverage trading has become increasingly popular among traders in the market, attracting a vast audience with varying levels of experience. Although it is a strategy that is commonly used by experienced traders, it is also gaining the attention of those who are new to trading.
However, it is essential for new traders to understand the concept and its potential risks before engaging in leverage trading since it is considered a high-risk venture. Essentially, leverage trading involves borrowing funds from brokers to open bigger trading positions, and the borrowed amount is referred to as leverage.
The larger trading positions can offer significant rewards, but the risks are also higher, depending on how the trade plays out. This OKEx exchange review highlights that the platform stands out in the market by offering one of the highest leverages, which can be as high as 100x.
Around-the-clock Customer Support
When it comes to choosing a crypto exchange, selecting one that prioritizes customer satisfaction can be a game-changer, particularly if you are new to trading. One of the standout features of the OKEx exchange is its customer support services.
The customer support team is available 24/7 and has extensive support capabilities, with agents ready to assist users in resolving any technical or trading problems via different communication channels.
It is important to note, however, that these services are not available to residents of the United States of America using OKEx, as the platform does not extend its services to them.
Banking Services Supported by the Exchange
One of the key factors that sets OKEx apart from its competitors is its array of high-end features that aim to make crypto trading easier and more convenient for users. One way it achieves this is by offering support for a broad range of banking services and payment methods.
With the following options available, OKEx serves as a one-stop-shop for fiat on and off-ramp services.
- Western Union
- KaKao Pay
- Debit card
- Crypto transfer
- Credit card
- Bank transfer
- Apple Pay
Multitude of Digital Currencies Available
With over 140 digital tokens available on the platform, as mentioned in the OKEx review above, this exchange is all-inclusive and supports a wide range of cryptocurrencies.
In addition to 400 BTC and USDT trading pairs, the platform also offers OKB, the exchange’s native utility token. By using OKB, users can access several trading bonuses and benefits that are exclusive to the platform.
The OKEx exchange is one of the platforms that makes crypto trading easier and less stressful for the traders. This is because it is a user-friendly platform and extends support to a variety of banking services cryptocurrencies and a lot more. If you are familiar with the benefits mentioned above then deciding whether it is a suitable exchange for you or not will become easier.