OKX allows users to take advantage of creating additional revenue streams via its “Earn” suite of products and services. The exchange features DeFi-oriented features, like token staking and providing liquidity to lending pools. For users that are more risk-averse, OKX offers savings products-including stablecoin, Bitcoin, and other coins-in flexible and fixed variety.
Place Your First Trade
An OCO order enables the trader to specify two positions simultaneously. The idea is to place an order if the market moves in the trader’s direction favourably and to cut losses otherwise. The Convert feature is great for beginner traders or any who doesn’t need to access a charting interface okex review to perform technical analysis. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services.
OKX Review: Supported Cryptocurrencies
Crimea, Syria, Ecuador, Bolivia, The USA and its territories, Hong Kong, Sudan, Malaysia, Kyrgyzstan, Bangladesh, and Cuba. The trading fees for Spot, Futures, and Perpetual Swaps are different. The OKX (Previously OKEx) trading fees also differ whether the user is a regular or a VIP.
Staking your crypto on OKX
- On CoinMarketCap’s liquidity ranking, OKX ranks 3rd, only behind Binance and Coinbase.
- OKX Crypto Exchange stands out for its user-friendly interface, extensive range of supported cryptocurrencies, and robust security measures.
- OKX have gotten involved in the Polkadot ecosystem and community and have provided a way for its users to get involved in slot auctions.
- Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more.
- Till now, there have been no rumours of having OKX (Previously OKEx) hacked.
- Crypto can be purchased in over 90 fiat currencies, including GBP, EUR and USD.
- But the key thing to note is that you have a limited downside risk and an unlimited upside potential when you buy an option.
This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. To reach level two, you’ll have to provide ID, a photograph, proof of address and the initial dollar value you plan to invest. It’s hard to give up so much information, but nobody ever said crypto was anonymous to begin with. Sapphire Fox is a seasoned expert in online backup and cloud storage with nearly four years at Cloudwards, combining her extensive engineering background with editorial skills. Her work is informed by a lifelong passion for technology, evidenced in her keen evaluation and recommendation skills. However, it has been critiqued for its opaque review process and complex fee system.
Creating and Verifying an OKX Account
- Like most cryptocurrency exchanges, OKX utilizes an order-book-based interface with centralized charting, enabling serious traders to quickly view a pair’s market depth.
- You’ll find that there are 264,000 reviews, and most of them are positive.
- Binance was one of the first exchanges to announce its NFT marketplace in 2021, and it was an instant success.
- Users can obtain loans for up to 70% of the collateral’s value, which is marginally better than Nexo’s Loan to Value (LTV) of 50%.
- The largest criticism against DeFi is often the complex and unfamiliar nature of DeFi protocols and the hurdles that come along with self-custodial wallets.
I have had a few times where they delist a token on their platform. They do not send you any email or communication so if you dont log-in for a couple months the tokens are delisted AND they can become unwithdrawable. Customer service say you need to keep track of delisted projects on their site manually and they do not send any updates. We write product reviews and comparison articles in the field of cryptocurrency. Under OKX (Previously OKEx) P2P Trade, click on the currency you want from the dropdown menu and select the desired currency. Next, enter the amount and payment mode, and finally, click on the “BUY” option to buy that cryptocurrency.
OKX (Previously OKEx) Review: Algo-Order Options
