OKX fees are based on a maker-and-taker model and start at 0.08% and 0.10% for users with less than 500 OKB tokens. However, the maker and taker fees on OKX can be reduced to as low as 0.06% okex review and 0.08% for those holding over 2,000 OKB tokens within the OKX wallet. Compared to Binance and KuCoin, which settle trading fees at a rate of 0.1%, OKX’s fees are highly competitive.
- In addition, there are a vast amount of resources and touchpoints that you can utilize at the main exchange.
- This is unfortunate, as OKX is one of few exchanges that offer such a wide selection of tokens and crypto mining options.
- Apart from these charges, there are tiered fee structures for Perpetual Swaps and Options.
- OKX also enables peer-to-peer lending services with flexible terms.
- Unfortunately, OKX is not available to US residents and the exchange has a reputation for offering little in the way of customer service.
- When you invite a contact to OKX, both you and your friend will receive a Mystery Box.
In simple terms, the system allows OKEx to function as a marketplace where investors can either take or give loans. Before engaging in a futures trade, you will have to set your margin parameters. Each option comes with its own set of risk management systems and formulas.
OKX review at a glance: Our overall rating
OKX also offers a wallet, which you can use to buy and sell NFTs – on any NFT marketplace, not just the OKX marketplace. And you can interact with decentralised apps (Dapps) across the whole of the crypto world (sometimes called web3). Things trading volume, a chart of price movements and the current bids. To ensure that customer funds are safe, OKX holds 95% of its assets in AES-encrypted cold storage spread across 10,000 wallets, with only operationally necessary funds held in online storage. However, OKX also utilizes a partially offline multi-signature mechanism to add extra security to its hot wallet and prevent unauthorized transactions.
The platform has undoubtedly managed to curate an extensive set of tools and resources that cater to most of the requirements of a cryptocurrency investor. However, the most crucial concern for any trader https://www.tokenexus.com/ is the safety of their assets. Such trades can be leveraged, allowing users to magnify profits (or losses). OKEx currently offers leverage of up to 100x, depending on the type of financial instrument.
OKX Review on Banking services
The company believes that security should always come first and, therefore, provides users with a safe and reliable environment for cryptocurrency trading. Also, OKEx wants to ensure that the platform is easy to use, even for those who aren’t experienced in crypto trading yet. OKEx is a popular crypto brokerage and trading platform that provides some great features for anyone looking to acquire and / or trade crypto. This OKEx exchange review will answer all of your questions about the company and the platform itself, helping you to decide whether or not it’s suitable for you.