Best For

      Beginners
      IEO Participants
      OTC
      Asian Markets
      Professional Traders

OKEx is a eastern market focused centralized cryptocurrency exchange founded in 2017. Several purchase options, including a dedicated WeChat group, make OKEx a popular choice for Asia based customers looking to buy, sell, and trade cryptocurrency.

OKEx Exchange - 2020 Comprehensive Review

Overall Score:

7.5
Trusted
Liquidity:
7.5 of 10
Purchase Options:
8 of 10
Ease of use:
7 of 10
Trust:
7 of 10
Fees:
8 of 10
Support:
8 of 10

OKEx Exchange Overview

Trading Fees Maker: 0.10% / Taker: 0.15%
Exchange Type Centralized
Fiat Trading No
Purchase Options Bank Transfer, Crypto Deposits
Android App Yes
iOS App Yes
Trading Options Spot Trading, Margin Trading, Margin Funding, Futures Trading
Order Types Limit, Market, Trail Order, Trigger Order, Iceberg Order, Advanced Limit Order
Exchange Token OKEx
Token Benefits Trading Fee Discounts, Revenue Share, IEO Access.
Charting Software TradingView
KYC Check Yes
KYC Rules Required For All Accounts
IEO Platform Yes
Education Resources Yes
Convert Micro Balance No
Institutional Accounts Yes
Trading API Yes
Deposit Insurance No
Withdrawal Speed Fast
Customer Service 24/7 Live Chat, Email & Telephone Support (Hong Kong & Canada Only)
Promotions OKex Pool - Stake XTZ, EOS, ATOM, VSYS, CRO, IOST, YOU. OK PiggyBank - Earn Interest on Top Cryptos and Stablecoins by Lending to Margin Traders.

OKEx Mobile App Features

Deposits

Yes

Withdrawals

Yes

Price Alerts

Yes

Margin Trading

Yes

Margin Funding

Yes

Live Chat Support

Yes

OKEx Trading Fees (Maker & Taker)

TierMonthly Volume RequirementMakerTakerMaker
Discount
Taker
Discount
Level 1$1.00 + OKB Balance = 0.000.10%0.15%0.00%0.00%
Level 2$10,000,000.00 + OKB Balance = 0.000.06%0.08%0.00%0.00%

OKEx Withdrawal Fees

AssetWithdrawal FeesMinimum Withdrawal
BitcoinBTC0.00050.0005
EthereumETH0.010.01
XRPXRP0.150.15
TetherUSDT22

OKEx does not charge deposit fees.

Complete list of OKEx withdrawal fees per asset is available here.

OKEx Markets & Volume

Rank

5

Total Assets

145

Total Markets

335

Volume 24h

$2,818,701,994.26

Volume 7d

$15,435,997,905.44

Volume 30d

$43,192,493,260.74

OKEx Top Markets

Crypto AssetsPricePairs24h Volume
BitcoinBTC$17,920.2682$810,610,966.28
EthereumETH$529.3356$237,632,384.05
XRPXRP$0.565$169,044,774.46

OKEx Supported Stablecoins

Stablecoin AssetsPricePairs24h Volume
TetherUSDT$1.0191$1,936,489,164.38
Paxos StandardPAX$1.002$2,612,567.02
TrueUSDTUSD$1.002$1,142,790.70
USD CoinUSDC$1.002$1,076,980.29
Gemini DollarGUSD$1.002$9,152.98

OKEx Coin (OKB) Token

Ticker

OKB

Price

$5.27

Volume

$134,216,404.27

Market Cap

$1,491,419,689.00

Circulating Supply

282,838,290

Total Supply

300,000,000

Rank

19

Blockchains

Ethereum

Trusted Exchanges

OKEx, Bitstamp

Hardware Wallets

Ledger, Trezor

OKEx Coin (OKB) Exchanges

ExchangeRatingPricePairs24hr Volume
OKEx7.5/10$5.4812$94,111,956.34
Bitstamp7/10$0.000$0.00

Recommended OKEx Coin (OKB) Wallets

WalletRatingTypePrice
Ledger10/10Hardware$69.99
MetaMask8/10Browser Extension$0.00
Ledger Nano M7/10Mobile Application$96.00
Trezor9/10Hardware$149.99
MyEtherWallet9/10Web$0.00
MyCrypto9/10Web$0.00
TrustWallet9/10Mobile Application$0.00

OKEx Exchange Alternatives

Rating7.5/108/107/10
Trading FeesMaker : 0.10%
Taker : 0.15%
Maker : 0.15%
Taker : 0.25%
Maker : 0.1%
Taker : 0.2%
Fiat TradingYesYesYes
Purchase OptionsBank Transfer, Crypto DepositsBank Transfer, Crypto Deposits, Credit CardsBank Transfer, Crypto Deposits
Trading OptionsSpot Trading, Margin Trading, Margin Funding, Futures TradingSpot Trading, Margin TradingSpot Trading, Margin Trading, Margin Funding
IEO PlatformYesNoYes
Mobile AppsYesYesYes
HeadquartersMalta, EUSan Francisco, California, United StatesTortola, British Virgin Islands
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • Liquidity - OKEx has above average liquidity and trading volume for dozens of crypto assets.
  • Trading Options - Spot trading, margin trading, and futures trading are all available on OKEx.
  • Trading Fees - OKEx has competitive maker and taker fees for both retail and institutional traders.
  • Fiat Deposit Options - Users can deposit fiat currency via bank transfer and WeChat.
  • Customer Support - OKEx users are able to contact live chat customer support 24/7.

Cons

  • Mobile App - OKEx has below average rated mobile apps for Android & IOS. A quick look at the reviews on the app store reveals a large number of unsatisfied users.
  • Lists Low Quality Assets - OKEx has lower listing standards compared to other top cryptocurrency exchanges.
  • Not Available To US Citizens - OKEx does not allow US citizens to register and trade on their platform. Blockfer recommends Kraken & Coinbase Pro for American users.

Frequently Asked Questions

Is OKEX a trustworthy exchange?

Does OKEx have a mobile app?

Does OKEx offer margin trading?

Does OKEx offer futures trading?

Does OKEx accept US customers?

Summary

OKEx is an eastern market focused centralized cryptocurrency exchange that began operations in 2017. Fiat deposit options via WeChat and bank transfers along with a variety of trading options have made OKEx a popular choice for Chinese users.

A recent Bitwise report created for the SEC highlighted the issue of rampant wash trading and volume manipulation in the cryptocurrency exchange markets. OKEx was mentioned in this report as one of the main exchanges suspected in engaging in this behavior. Even with these issues, users have reported a positive experience with the exchange.

Blockfer recommends OKEx for Chinese users looking to purchase and trade crypto assets. For users outside of China, we believe there are better options. Users considering trading on OKEx should be aware that the Chinese government has proven to be quite unpredictable regarding crypto regulatory policies - and there could be regulatory implications for the exchange at any time.

Learn More Best Features

OKEx Official Website

  • Competitive trading fees Maker: 0.10% / Taker: 0.15%.
  • Advance exchange features like margin trading, derivatives markets (options and futures) and margin funding.
  • Best liquidity on BTC/USDT markets.

Legal & Regulation - Facts & Figures

Legal Name OKEX MALTA LTD
Incorporated Country Malta
Headquarters Hong Kong, HK
Year Founded 2017
CEO UNKNOWN
Total Employees 250-500
Regulators Malta Financial Services Authority, Malta Digital Innovation Authority
Links Website, Crunchbase, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The cryptocurrency exchanges found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our exchange reviews and comparisons include: liquidity, purchase options, user experience, trading fees, trading options, listed assets, reputation, mobile experience, and customer support.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

Make Better Decisions With Your Crypto.
How We Earn Revenue
Make Better Decisions With Your Crypto.
How We Earn Revenue