OKEx review

OKEx review
OKEx review

OKEx review

OKEx exchange is a Chinese crypto exchange, which separated from the well-known OKCoin platform. This happened after OKCoin introduced a ban on trading in futures. This exchange allows operations with cryptocurrency and digital tokens. Supports futures for BTC and LTC with leverage of from 0.01 to 100.

The head office of OKEx is located at Unit 21, Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong. The OKEx phone number is +852 5808 5768. Let`s answer the question «Is OKEx legit?». This exchange is legal and has been registered in Belize. The official site okex.com was registered in 2012. OKEx is available in 11 languages.

Let’s go to the next part of this OKEx review.

Okex fees

OKEx fees are calculated depending on the daily volume of the user’s trading. Fees also varying depending on the type of trading (Spot Trading, Futures Trading, Perpetual Swap Trading, and Options Trading), and the status of the user (normal or VIP).:

Okex fees

 

And right away we’ll talk about OKEx limits, the size of the deposit doesn’t have a minimum value.

Is OKEx safe?

To begin with, you absolutely shouldn’t worry about OKEx fraud, because the platform is a subsidiary of the well-known OKCoin. Also, it is completely legal and registered.

When a user creates his account, he is automatically offered to secure his assets with various defense mechanisms. The main protection mechanics are cold storage and a unique protocol of protection developed by the exchange. More information about “is OKEx safe?” you can find on the link “Security”. You can ensure that your fund will be safe on OKEx by visiting the wallet security page –  https://www.okex.com/wallet-security.

Is OKEx safe

 

OKEx exchange

Now let’s look how to use OKEx. To register, you click on the “SignUp” panel and fill in the required fields.

OKEx exchange

 

Basically, the process of creating an account is the same as on many other sites. You can sign up either with an email or phone number. Verification is present here, too. You will need to provide the following information:

  • Passport data;
  • Last name and first name;
  • Nationality.

If you have any questions regarding using the exchange, you can visit the Support center page – https://www.okex.com/support-center.html. There you will see a search string. Just type in the needed request and press enter. The page also contains answers to the most frequently asked questions.

How to use OKEx

 

OKEx

 

We want to note that OKEx support is easily accessible and works quickly and efficiently. Also, you can install a desktop program on your computer for Windows or Mac OS. There is an opportunity to visit the site from a mobile device. No cases of OKEx down have been registered.

Now let’s sum up this OKEx review 2020 and note all the pros and cons.

There is no OKEx scam on the platform, but if for some reason you can’t use this exchange, we offer you the OKEx alternative:

  • Binance;
  • Huobi;
  • Bitfinex;
  • Bittrex.
PROS
  • The user account is well protected;
  • Presence of a desktop program;
  • Margin trading up to x20;
  • Ability to visit the site via a mobile device.
CONS
  • Few available coins;
  • Some users report problems with withdrawal of funds;
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