OKEx Exchange Review
- IEO Participants
- 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%|
|Purchase Options||Bank Transfer, Crypto Deposits|
|Trading Options||Spot Trading, Margin Trading, Margin Funding, Futures Trading|
|Order Types||Limit, Market, Trail Order, Trigger Order, Iceberg Order, Advanced Limit Order|
|Token Benefits||Trading Fee Discounts, Revenue Share, IEO Access.|
|KYC Rules||Required For All Accounts|
|Convert Micro Balance|
|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
Live Chat Support
OKEx Trading Fees (Maker & Taker)
|Tier||Monthly Volume Requirement||Maker||Taker||Maker|
|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|
OKEx does not charge deposit fees.
Complete list of OKEx withdrawal fees per asset is available here.
OKEx Markets & Volume
OKEx Top Markets
|Crypto Assets||Price||Pairs||24h Volume|
OKEx Supported Stablecoins
|Stablecoin Assets||Price||Pairs||24h Volume|
OKEx Coin (OKB) Token
OKEx Coin (OKB) Exchanges
Recommended OKEx Coin (OKB) Wallets
|Ledger Nano M||7/10||Mobile Application||$96.00|
OKEx Exchange Alternatives
|Trading Fees||Maker : 0.10%|
Taker : 0.15%
|Maker : 0.15%|
Taker : 0.25%
|Maker : 0.1%|
Taker : 0.2%
|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|
|Headquarters||Malta, EU||San Francisco, California, United States||Tortola, British Virgin Islands|
Pros and Cons
- 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.
- 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?
OKEx has proven that it’s services are legitimate. This being stated, it is no secret that there are allegations of OKEx engaging in internal wash trading and volume manipulation.
Does OKEx have a mobile app?
Does OKEx offer margin trading?
Yes. OKEx offers margin trading with up to 5x leverage on Bitcoin and high volume altcoins.
Does OKEx offer futures trading?
Yes. OKEx offers futures trading with up to 100x leverage on Bitcoin and high volume altcoin contracts.
Does OKEx accept US customers?
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
Legal & Regulation - Facts & Figures
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.