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ScandiCrypto » Crypto Exchanges » OKEx Review

OKEx Review

OKEx logo
4/5
Go to OKEx
OKEx
Name: OKEx
Website: www.okex.com
Established: 2014
Headquarters: Seychelles
Fiat to Crypto: Yes
Crypto to Crypto: Yes
Cryptocurrencies: 250+
Margin Trading: Yes

About OKEx

OKEx is a global cryptocurrency exchange that provides advanced financial services to traders. The exchange is one of the most popular cryptocurrency exchanges in the world. OKEx offers several crypto and futures trading pairs to help traders optimize crypto trading strategies. The OKEx exchange itself is available in browser form and as a desktop client available for download.

Trading on OKEx

As for the OKEx crypto exchange platform, it is designed to resemble the high quality of a traditional trading platform for financial markets. The professional nature of OKEx means that it makes more demands on hardware than the average cryptocurrency exchange. The trading platform is full of downloadable software, which is the most used and is intended to avoid the risk that the browser runs out of memory, processing difficulties and freezes.

OKExOKEx✔️ 250+ cryptocurrencies
✔️ Payment by card
✔️ Margin trading
5 stars rating
Go to OKEx

OKEx Mobile App

For mobile traders the iOS and Android applications can be downloaded from the respective app stores. With the same features as their desktop version, users create advanced trades, lend, stake and mine cryptocurrencies. Customer reviews of the app are generally positive, highlighting reliability and a straightforward accession process.

Supported Cryptocurrencies

The OKEx exchange offers more than 250 different cryptocurrencies for trading on the website in USD, BTC, ETH, DAI and OKB pairs (OKEx native token). Supported cryptocurrencies include following:

  • Bitcoin
  • Ethereum
  • Polkadot
  • Cardano
  • Solana
  • Avalanche

In other words, you will find a good selection of different cryptocurrencies. Whether you are looking for the bigger projects or if you are looking for smaller projects, there is something for everyone at the OKEx cryptocurrency exchange.

Trading Fees on OKEx

The OKX fees are based on a makers / takers model and start at 0.1- 0.15% for users with less than 500 OKB tokens on their account. Maker / taker fees can be reduced to 0.06 – 0.09% for up to 2,000 OkB tokens in an OKEx wallet. High net worth individuals with large trading volumes over a period of 30 days can use discounts to receive additional trading fee discounts. Compared to Binance and KuCoin, which charge around 0.20%, the OKEx fees are very reasonable.

Payment Methods

Customers can choose from a number of payment options when making a deposit, including the following methods:

  • Bank transfer
  • VISA
  • MasterCard
  • Google Pay
  • PayPal

Users can purchase crypto with credit cards or transfer tokens to hardware wallet addresses on alternative exchanges. In other words, you can purchase crypto using FIAT-currency but you can not deposit FIAT-currencies to your OKEx account. A crypto transfer can only take a few minutes but, depending on transaction time of respective crypto this can vary slightly.

OKEx Customer Support

OKEx offers customer support via a phone line, an email ticketing system, multiple messaging apps and social media channels. Feedback about their support has been mixed, with complaints about slow response rates and failure to resolve problems. However, when we tried to contact OKEx customer support we felt that their response time was reasonable with replies within 24 hours.

Our Verdict

For experienced traders, there are not many cryptocurrency exchanges that offer the type of professional trading platform functionality as OKEx does. The trading platform OKEx offers can be compared with large financial exchanges on traditional markets. The low trading fees are a great attraction for experienced traders. OKEx is a fully supported exchange with significant global ambitions.

Pros and Cons

✔️ Pros❌ Cons
250+ cryptocurrenciesLimitations for withdrawals
Payment by card
Margin trading
OKExOKEx✔️ 250+ cryptocurrencies
✔️ Payment by card
✔️ Margin trading
5 stars rating
Go to OKEx

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