Personally, I do prefer the OKX layout from a simple aesthetics point of view as the team and artists did an incredible job designing an absolutely beautiful layout and design. OKX is definitely the “prettiest” crypto exchange, but these platforms didn’t reach the massive levels of success that they have by offering anything less than near perfection by nearly every metric. Let’s get something out of the way right off the bat and say flat out that neither Binance nor OKX are beginner-friendly platforms. Binance edges out a slight win here as they have a better selection of products with more features available, but much of this will come down to personal user preference and the needs of the trader.
OKX Customer Support
OKX’s Jumpstart Mining initiative allows you to farm DeFi tokens while supporting your chosen projects by staking OKB, OKX’s ecosystem token. No, US customers cannot use OKX due to strict regulations okex review beyond the exchange’s control. Although the OKX platform is available globally except in some countries. The following payment methods are available to traders registered on the OKX exchange.
- This verification process is implemented to guarantee the safety of the exchange platform and to deter fraud and illicit activities.
- Both OKX and Binance have deep liquidity and feature industry-leading matching and trading engines capable of satisfying professional and institutional traders.
- It’s evident that OKEx comes with some really attractive features.
- Market makers can receive rebates if they generate over 100k in BTC trading volume on a 30-day basis, similar to other platforms like ByBit.
OKX Review: How to buy/sell Cryptocurrencies?
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Cryptocurrencies Available on Binance
OKX introduces its presence in the NFT space by starting its decentralized NFT marketplace where traders can not just trade but create NFTs across platforms and diverse blockchains. OKX, like many crypto exchanges, has its advantages and disadvantages. The OKX trading platform is available as either web-based or a desktop trading platform while also being compatible with mobile trading on both Android and iOS devices. For everyone else, our verdict on OKX comes down to whether it’s learned from the false volume incident and the fallout from its CEO’s arrest. Frankly, given the manipulative nature of features like Shark Fin, it doesn’t seem like OKX is putting trader satisfaction ahead of liquidity in 2023.
On CoinMarketCap’s liquidity ranking, OKX ranks 3rd, only behind Binance and Coinbase. The fee levels on OKX are updated daily based on 30-day trading volumes and asset balances, with fees calculated by applying the fee rate to the market price and the filled order amount. This dynamic fee structure could be advantageous for high-volume traders but could also add to the complexity of the platform for less experienced users.
Signing Up for an OKX Account
- Please be aware of the risks involved with any trading done in any financial market.
- They can also view real-time streaming quotes, deposit and withdraw funds, and store crypto coins in built-in digital wallets.
- Yes, the OKX crypto exchange platform is safe and legitimate to use.
- When reviewing exchanges, we cater to all types of traders, from occasional to frequent.
- Feel free to check out Guy’s detailed video about Polkadot Parachain Auctions to find out more.
- For users that are more risk-averse, OKX offers savings products-including stablecoin, Bitcoin, and other coins-in flexible and fixed variety.
One of the most considerable barriers to crypto adoption and DeFi is the complexities and learning curve. So the fact that OKX has built a bridge connecting a user-friendly CeFi interface with the powerhouse of DeFi deserves a standing ovation. You can learn more about the feature-packed OKX Wallet in our OKX Web Wallet Review.
Additional Features
The mobile app’s simple version offers a much better user experience than the desktop version. Thankfully, once you’ve completed the KYC for Banxa, you won’t need to do it again to deposit funds into your OKX account. However, if you’re in the UK like me, you’ll have to wait 24 hours before receiving your funds. Due to this cool-off period, I had to restart the buying process, which was a hassle. Once I got through that, I chose the Google Pay option, which had no gateway fees and only a £0.78 network fee. The exchange has a strict compliance policy, requiring you to provide proof of identity via an identity form.
OKX offers advanced financial services as well as excellent primers for anyone new to crypto. It boasts an impressive list of services that include flexible borrowing and ways to earn interest on staked tokens. OKX provides simple and complex trading tools and, if you’re interested, an on-ramp into proof-of-work crypto mining and DeFi liquidity mining.