OKEx Exchange Review
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
OKEx Exchange Overview
| Trading Fees | Maker: 0.10% / Taker: 0.15% |
|---|---|
| Exchange Type | Centralized |
| Fiat Trading |  |
| Purchase Options | Bank Transfer, Crypto Deposits |
| Android App |  |
| iOS App | |
| 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 | |
| KYC Rules | Required For All Accounts |
| IEO Platform | |
| Education Resources | |
| Convert Micro Balance |
|
| Institutional Accounts | |
| Trading API | |
| Deposit Insurance | |
| 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
|
Withdrawals
|
Price Alerts
|
Margin Trading
|
Margin Funding
|
Live Chat Support
|
OKEx Trading Fees (Maker & Taker)
| Tier | Monthly Volume Requirement | Maker | Taker | Maker Discount | Taker Discount |
|---|---|---|---|---|---|
| Level 1 | $1.00 + OKB Balance = 0.00 | 0.10% | 0.15% | 0.00% | 0.00% |
| Level 2 | $10,000,000.00 + OKB Balance = 0.00 | 0.06% | 0.08% | 0.00% | 0.00% |
OKEx Withdrawal Fees
| Asset | Withdrawal Fees | Minimum Withdrawal |
|---|---|---|
| BitcoinBTC | 0.0005 | 0.0005 |
| EthereumETH | 0.01 | 0.01 |
| XRPXRP | 0.15 | 0.15 |
| TetherUSDT | 2 | 2 |
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 Assets | Price | Pairs | 24h Volume |
|---|---|---|---|
| BitcoinBTC | $47,526.41 | 84 | $1,908,453,382.04 |
| EthereumETH | $1,503.18 | 60 | $431,804,401.02 |
| XRPXRP | $0.44 | 5 | $48,767,289.63 |
OKEx Supported Stablecoins
| Stablecoin Assets | Price | Pairs | 24h Volume |
|---|---|---|---|
| TetherUSDT | $1.00 | 96 | $4,230,660,145.72 |
| USD CoinUSDC | $1.00 | 2 | $2,362,996.19 |
| TrueUSDTUSD | $1.00 | 2 | $1,817,751.60 |
| Paxos StandardPAX | $1.00 | 2 | $1,317,363.56 |
| Gemini DollarGUSD | $1.05 | 2 | $44,223.35 |
OKEx Coin (OKB) Token
Ticker OKB |
Price $18.26 |
Volume $462,421,294.07 |
Market Cap $5,166,025,457.00 |
Circulating Supply 282,838,290 |
Total Supply 300,000,000 |
Rank 15 |
Blockchains Ethereum |
Trusted Exchanges OKEx, Bitstamp |
Hardware Wallets Ledger, Trezor |
OKEx Coin (OKB) Exchanges
| Exchange | Rating | Price | Pairs | 24hr Volume |
|---|---|---|---|---|
| OKEx | 7.5/10 | $18.19 | 12 | $428,591,270.56 |
| Bitstamp | 7/10 | $0.00 | 0 | $0.00 |
Recommended OKEx Coin (OKB) Wallets
| Wallet | Rating | Type | Price |
|---|---|---|---|
| Ledger | 10/10 | Hardware | $69.99 |
| MetaMask | 8/10 | Browser Extension | $0.00 |
| Ledger Nano M | 7/10 | Mobile Application | $96.00 |
| Trezor | 9/10 | Hardware | $149.99 |
| MyEtherWallet | 9/10 | Web | $0.00 |
| MyCrypto | 9/10 | Web | $0.00 |
| TrustWallet | 9/10 | Mobile Application | $0.00 |
OKEx Exchange Alternatives
 |  |  | |
|---|---|---|---|
| Rating | 7.5/10 | 8/10 | 7/10 |
| Trading Fees | Maker : 0.10% Taker : 0.15% | Maker : 0.15% Taker : 0.25% | Maker : 0.1% Taker : 0.2% |
| Fiat Trading | | | |
| Purchase Options | Bank Transfer, Crypto Deposits | Bank Transfer, Crypto Deposits, Credit Cards | Bank Transfer, Crypto Deposits |
| Trading Options | Spot Trading, Margin Trading, Margin Funding, Futures Trading | Spot Trading, Margin Trading | Spot Trading, Margin Trading, Margin Funding |
| IEO Platform | | | |
| Mobile Apps | | | |
| Headquarters | Malta, EU | San Francisco, California, United States | Tortola, British Virgin Islands |
| Learn More | Review | Review | Review |
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 |
|---|---|
|
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 |
About The Author
Delton has been writing about blockchain finance & technology, decentralized applications, and crypto assets since 2017. His work has been published and featured by several independent news publications and blockchain projects.
More Exchange Reviews
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.