What Should You Know Before Using OKEx?

OKEx is one of the most well-known platforms among crypto traders around the world. This platform was founded in 2017 and has a large trader base. This platform also offers hundreds of assets such as futures trading pairs and crypto tokens. This is one of the reasons why a large number of crypto traders are interested in using this exchange.

However, there are other features that are offered to the users as well and as a potential user of the platform, you need to know these details.

Here is what every interested party should know about the OKEx exchange before they start using the platform.

Variety of Options at OKEx

In this brief OKEx review you can learn numerous things about the platform, including the variety of options that are available for you if you choose this exchange for crypto trading.

One of the most common factors that attracts the eye of crypto traders is the variety of trading options available for them. A platform that offers different options is considered to be capable of handling a large audience.

Therefore, if you choose OKEx exchange for trading you can avail any of the following options:

  • DEX (Decentralized Exchange) trading
  • Futures
  • Margin trading
  • Options
  • Perpetual swap
  • Quick trade (One-stop Marketplace)
  • Spot trading

This exchange also offers some additional services that include:

  • Crypto mining pool
  • Crypto-to-Crypto loans
  • Staking

User Interface of the Exchange

OKEx is one of the platforms that offers a user-friendly interface. This is an essential aspect to consider because every crypto platform is not compatible with beginners and experts. Therefore, if the beginners choose a platform without looking at the user interface they can have a complex and time-consuming experience of buying or trading crypto.

The OKEx exchange, however, has a straightforward and easy-to-navigate interface, which is also quite interactive for new and experienced traders alike.

Following are the features available on the main screen of the exchange:

  • Buy/sell panel
  • Market order depth
  • Trades
  • Trading panel with open orders and history
  • Trading view chart
  • Transactions

Fee of the Exchange

OKEx is known for charging a transparent fee, which is lower than its competition in the market. One of the biggest factors that influence the fee charged is whether an investor is a marker maker or taker.

Considering this fee model, here are the details of the OKEx fees you should know:

  • Market takers have to pay 0.15% fee for spot trading
  • VIP users are required to pay a fee that ranges from 0.030% to 0.080%
  • 0.0005 BTC withdrawal fee for Bitcoin
  • 0.01 withdrawal for Ethereum
  • 0.15 withdrawal for Ripple

Banking Services

The OKEx exchange has one of the most diverse variety of payment methods that is yet another factor why numerous crypto traders are attracted towards the platform. Every user looks for ways that are convenient for them, therefore, before you use OKEx here are the payment method options you should know about.

  • ApplePay
  • Bank transfer
  • Blueshift
  • BPay
  • Credit/debit card – Visa, MasterCard
  • Cryptocurrency transfer
  • Gift Cards – iTunes, Google, Amazon
  • iDeal
  • KaKao Pay
  • Payid
  • Payoneer
  • PayPal
  • Poli
  • Qiwi
  • SEPA
  • Skrill
  • UPI
  • Western Union

Security Offered by Users

The security of exchange is one of the most important factors that should not be ignored by potential users. Similarly, if you are looking to use the OKEx exchange review, then you should know that the platform prioritizes the safety of users’ funds and information above all else.

The security of the exchange is based on high-end technologies such as a core private key encryption algorithm. This technology is one of the most advanced that supports the following features:

  • Verification codes sent through email
  • Two-factor authentication
  • Verification codes sent through mobile for security settings and withdrawals

Customer Services Offered to Users

The customer support services offered by OKEx is also quite impressive as the platform offers around-the-clock customer support. The experts are available to assist the users in case of any issues with trading or technical.

The customer agents also have extensive support capabilities. There are numerous ways for the users of the exchange to contact the customer agents and reach out to them in case of any emergency or concern.

Conclusion!

OKEx is one of the top trading platforms in the market and is famous among crypto traders. It offers impressive features to the users that are important for all potential traders to know about. Therefore, if you are new to the crypto space and you want to use this platform, make sure you know the above-mentioned details.

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