OKEx is a digital currency exchange and trading platform with margin trading that is owned by OKCoin, a subsidiary of the prominent Chinese cryptocurrency exchange. Star Xu, a Chinese entrepreneur, launched the exchange in 2014. OKEx is located in Hong Kong and was founded by Chinese entrepreneur Star Xu. The platform has provided users with easy-to-use tools for trading both digital and fiat currencies for the past 6 years. OKEx, a leading cryptocurrency exchange in China, is marketed as the “most reliable digital asset exchange.”
OKEx was founded in 2014 under tight supervision from OKCoin, and in 2017, it separated from the exchange because it became an independent service. This well-known Hong Kong cryptocurrency exchange serves millions of customers from over 100 nations around the world.
OKEx is a digital asset exchange that aims to revolutionize the world of derivatives trading. According to OKEx, blockchain technology and cryptocurrencies built on its basis will form the foundation of a new worldwide digital economy. In their opinion, state control or other limitations should not stand in the way of economic interactions between people. OKEx's goal is to develop new technologies and introduce new items that will change the world.
The platform is suited for both novice and experienced traders who trade in margin. The fact that this site has a wide range of features is proof of this. 500+ currency pairs are available to those who trade with crypto assets like Bitcoin, Tether, Ethereum, OKB (OKEx exchange's own token), and others.
On the other hand, Binance is one of the world's most liquid cryptocurrency exchanges, with a trading volume that rivals some of the world's top stock exchanges. It has stricter KYC requirements than its competitors and offers more security for traders' funds. The organization had established itself as an industry leader in terms of product quality, innovation, and integration.
The service supports both desktop and mobile versions of applications. You may use the OKEx Mac and Windows version, as well as a mobile application for Android and iOS devices, to guarantee stability and speed. Users can also get started right away using the browser.Features
The OKEx cryptocurrency exchange is one of the most popular and functional tools available for dealing with digital currencies today. The system delivers a comprehensive collection of coins, including uncommon ones, intriguing possibilities (leverage, hedging, etc.), rapid withdrawals, and excellent security.
The drawbacks of the platform are its lack of an affiliate program, high costs when dealing in fiat currency, and the inability to trade and withdraw funds until verification is completed. Users have also expressed their dissatisfaction with OKEx's website becoming sluggish or freezing on occasion.
Under the maker-taker fee schedule on OKEx, volume is factored in. Every day, OKEx calculates your trading volume and adjusts your fees accordingly. To qualify for a tier, you must only fulfill the minimal trading volume requirements of either Futures or Spot.
For example, suppose your Spot Trading volume in the previous 30 days was zero BTC (VIP3) and 60000 BTC (VIP4) in Futures trading, you would be a VIP4 user and could take advantage of the tier's reduced fees for both Futures and Spot Trading.
The Total OKB holding is the total amount of OKB in your main and sub-accounts, spot account, and C2C account. To learn more about OKEx fees, go to this page.
OKEx charges a 50% trading fee. OKEx collects transaction fees for 50%. All trading pair fees are -0.1% maker fee and 0.1% taker fee, which is applied to all trading pairs.
The site offers access to an API that allows you to acquire information on market changes, examine sales depth, manage requests and frozen amounts volumes, check current orders, and purchase and sell currencies quickly and simply. You must click the "Apply API" button to interact with the API, so that apiKey is accessible, which is the access key given to clients by the exchange. To learn more about OKEx's API, go here.
If you have doubts about the security measures taken by an exchange, don't use it. To begin with, you should verify that you can trust this platform with your money. OKEx is a popular cryptocurrency trading platform, isn't it? Is it secure?
The security of customers' funds and personal information is a major concern for OKEx's developers. One indication of this is that despite being relatively young (founded in 2014, as previously stated), OKEx has never been hacked.
OKEx's anti-phishing protection system utilizes an anti-phishing code that is embedded in each user's inbox. The mails without this code are not from OKEx, so you may quickly identify if you're dealing with imposters.
Users have a wide range of security precautions available to them to guarantee the safety of money and data. 2-factor authentication is one of the finest features (no surprise, 2fa is one of the most prevalent security features on cryptocurrency platforms). When 2fa is activated, no one can access your account or withdraw funds without entering a one-time password generated only on the user's smartphone.
Users can also enable email or text verification, which means anyone who requests money from you will be required to provide a code emailed to them or as an SMS message.Enabling an additional password that is requested when trading activities are conducted on your account is another option. If you enable a particular function, you may be alerted to the activity on your account. OKEx also provides you with more options on how often to request your passwords. On top of that, you may specify the frequency of password requests linked with your account's activity. All these procedures combined make OKEx accounts highly secure from hacks, and the entire platform is completely safe from hackers as well.
The most notable features of Kyber Network are its high liquidity and the fact that it does not charge fees for both deposits and withdrawals. The platform is highly liquid, allowing for quick trading. Because KNC's transactions have low fees and low transaction times, traders can execute them quickly across the network.