OKEX BUY/SELL CHIA
OKEx is a global digital asset exchange that offers advanced financial services to traders word wide by using blockchain technology. The exchange provides several token and futures trading pairs to help traders to optimize their crypto trading strategy. OKEx is constantly innovating to meet customers needs and is one of the most popular cryptocurrency trading exchanges in the world.
While we aim to provide you with accurate and the latest information in this OKEx review, we strongly suggest that you visit their site to keep updated with any changes that may occur afterward.
OKEx is a world-leading digital asset exchange that provides advanced financial services. The cryptocurrency exchange is based in Malta, Italy and has served millions of users in over 100 countries worldwide. OKEx has been designed to provide a safe and secure trading platform for users to trade hundreds of coins, token & futures trading pairs. OKEx is one of the largest exchanges in the world and is currently ranked 14th by trading volume.
Is OKEx Safe?
OKEx appears to be a safe cryptocurrency exchange that features several security measures on its platform to protect client information and keep funds safe. According to our research, OKEx has not been involved in an exchange hack or experienced a major security breach or compromise. In 2017, there were reports of millions of Bitcoin that were moved from OKEX which caused panic in the crypto community. However, CEO Jay Hao explained that this was caused due to scheduled maintenance.
OKEx users of the platform have access to several innovative trading features and financial tools. The exchange is considered a leading one-stop cryptocurrency trading platform that includes features such as:
Easy to use interface for beginner and advanced traders
Quick and easy to buy and sell crypto using over 30 local currencies
Supports credit/debit card purchases and bank transfer payments
Accepts fiat currencies like USD, CNY, EUR, ARS, AUD and BGN
Spot trading with high liquidity order-book with low spreads
Perpetual swap and futures markets to trade crypto with leverage up to 100x
Secure OKEx wallet using offline cold storage measures
Mobile app to trade anytime and anywhere
Referral and affiliate program that rewards you for bringing users to the exchange
24/7 customer support team
Registration, Login & Limits
OKEx Exchange registration process is quite simple. All you need to get started is a valid email address. You will be asked to login to your nominated email address and enter in the verification code. There is no need to upload any identification (KYC) documentation unless you intend to withdraw more than 100 BTC in a 24-hour period. OKEx Verification Levels and Limits are as follows:
OKEx allows users to fund an account using digital currencies only. There is no option to transfer fiat currency to the exchange. The two options available on OKEx to fund your new trading account:
Purchase crypto with a credit card on the website through Simplex or Koinal
Transfer crypto from a hardware wallet or other exchange
Once the funds have arrived, users can begin to trade cryptocurrencies on OKEx.
OKEx offers margin trading on it's spot and derivatives products. The exchange also offers fixed and cross margin. The maximum amount of margin that can be traded for each product are:
Spot exchange: Up to 10x margin
Futures: Up to 100x margin
Leverage trading can be a powerful tool for a trader to take advantage of comparatively small price movements in the crypto market. It works by putting down a fraction of the full value of your trade - and the exchange provides the rest of the deposit to facilitate a much larger position size without tying up your capital. It can also have the opposite affect and increase the size of your losses.
Exchange fees need to be assessed before decided to trade on a cryptocurrency trading platform. Low fees are critical when when trading larger position sizes with margin or making multiple trades in a single day (i.e. day traders) which can eat into potential profits.
OKEx fees is based on a maker and taker model that starts at 0.1% and 0.15% for users with less than 500 OKB tokens. The maker/taker fee can be reduced to 0.06% and 0.09% respectively if 2,000 OKB tokens are held within the OKEx wallet.