We understand that this unexpected disruption in your trading activities must have been an inconvenience. To assist you further, please reach out to our support team directly at by providing specific details about your situation. Thank you for considering us as one of the top exchanges, Azaz! We understand the importance of giveaways and rewards for our users, particularly in relation to holding OKX coins. If you have any specific ideas or suggestions on how we can improve giveaways and rewards, please feel free to share them with us. Your input is valuable to us as we work towards delivering the best experience for our users.
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- What you’re really verifying is that the information presented in the Tree is correct.
- OKEx aims to cater both to novice and advanced cryptocurrency traders and investors.
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- Extremely poor customer service, they will reply instantly to this message with a standard auto #Bot reply.
When transferring crypto from a third-party exchange, the speed often depends on the network and blockchain traffic. Around 350 cryptocurrencies and stablecoins, from Bitcoin to Dogecoin, can be converted at any time for free on OKX. The crypto converter is separate from trading and also provides a mechanism for investors to avoid slippage. The only time their security has been compromised was when a private key holder was put under a public security bureau investigation. They withheld their user withdrawals for six weeks during that time, much to the consternation of their users.
Key Takeaways: OKX Crypto Exchange
There is always a risk when investing in crypto that the exchange could be hacked and funds lost. However, the firm has implemented various security measures to mitigate this risk. Traders okex review can either deposit funds by purchasing crypto (using a bank card, Apple Pay, bank transfer, payment provider or P2P trading) or deposit directly from an external wallet or exchange.
First off, there is two-factor authentication that you should set up as soon as you have an account with OkEx. It’s easy to do and it provides much better protection for your funds. There is also support for facial recognition verification, which can be used instead of or in addition to phone number verification. Market orders enable you to buy or sell at the best available price. The market maker does not provide liquidity in this type of trade and is obligated to fulfill it as soon as possible. A stop loss can also be applied on OkEx to all trades executed with this option for risk management purposes.
OKX Review Mobile App & PC Client
We appreciate your understanding and patience in this matter. You can also transfer your funds into OkEx by first sending the currencies to a wallet that is compatible with both exchanges and then transferring them over to OkEx. Conditional orders enable traders to specify trading conditions such as buying/selling only after certain events happen, https://www.tokenexus.com/ such as when Bitcoin reaches a specific price level. 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. It is simple to use and affordable, and its variety of trading options means you have different avenues to make money.
Perhaps worse than the 2020 arrest incident is a 2018 investigation by crypto trader Sylvain Ribes, which argued that OKX (then OKEx) had faked 93.6% of its total trading volume. Ribes measured several trading pairs for “slippage,” the factor by which selling a certain cryptocurrency reduces its price. Before you go on, note that trading crypto is incredibly risky, even at the best of times.
OKEx Review UK 2021 – Features, Fees, Pros & Cons Revealed
This is an effortless way to get involved with slot auctions. OKX is a great place for users to earn a nice little APY on their crypto stacks. Major exchanges such as Binance and KuCoin have launched earn sections on their platforms, and OKX wasn’t going to sit out on this widely popular crypto feature. Quite good actually, OKX fees are among the lowest in the industry, so no need to worry about breaking the bank here.
Registration on the OKX platform is not a menace and is completed within a few minutes. Here is a step-by-step guide to the OKX login process and how to register and begin trading on the OKX trading platform. OKX, like many crypto exchanges, has its advantages and disadvantages. This OKX review even covers how traders can earn a passive income through mining pools—introducing OKX’s Mining Pool.
Security
Here is where you begin to see that OKX is attempting to be a place for finance in general for users and not just an exchange. The deposit and withdrawal fees are some of the lowest in the industry as well. You’ll get started by registering an account using your personal contact information. To access all the trading features OKX offers, you’ll need to complete its KYC (know your customer) requirements. A Level One KYC-verified account requires entering basic information, including a government identification number. Level Two requires uploading a picture of their ID and a selfie through partner Netverify.
OKX Exchange (previously OKEX, more on that later), is a large and massively popular cryptocurrency exchange and one of the OG’s in the crypto space, established all the way back in 2016. With the rebranding and platform overhaul, we felt it appropriate to do an updated OKX review as this exchange has got some exciting developments underway. There is a live chat function, which could be useful for various queries from Jumpstart mining rules to questions about staking pools. Users can also connect with the company on social media, including Facebook and Twitter. More experienced traders may want to build their own investment bot, in addition to copying pre-built ones. Those with at least $100,000 in assets can also engage in block trading to reduce price slippage when making high-volume trades.
The incident damaged user confidence and dropped the price of OKX’s own coin, OKB, by about 11%. The exchange was originally based in Beijing, but when China began to ban crypto trading in 2021, OKX closed its Chinese offices and moved out. Its parent company also owns Okcoin, a smaller exchange based in San Francisco. Our team of experts thoroughly test each service, evaluating it for features, usability, security, value for money and more. Please note that Bitcompare does not offer advisory or brokerage services.
