May 21, 2024

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What Should You Know About the OKEx Exchange?


The OKEx exchange is one of the most popular ones. It was launched in 2017 in Hong Kong. It has since grown to become one of the largest exchanges in the world, offering a wide range of digital assets to traders worldwide.

OKEx has gained a reputation for its advanced trading features, high liquidity, and excellent security measures, making it a top choice for both professional and inexperienced traders.

With a user-friendly interface, competitive trading fees, and an extensive range of trading pairs, OKEx has established itself as a prominent player in the cryptocurrency industry.

If you are also interested in using the platform to buy or trade crypto, you should know more details of its features as mentioned below in this brief OKEx exchange review.

OKEx Exchange Supports Various Trading Options

People who are interested in trading crypto may want to know how suitable the exchange is as per their trading requirements.

This platform offers support to various financial products, which makes it a suitable option for a vast number of people, especially those who prefer to have options and want to create a diverse portfolio.

Some options available include the following:

  • Copy Trading
  • DEX trading
  • Futures
  • Loan
  • Margin trading
  • Options
  • Perpetual swap
  • Quick trade
  • Spot trading
  • Trading Bots

OKEx’s Fee Structure

The OKE exchange is known for several factors, one of which is its fee structure. The fee charged by the platform does not include any hidden or additional charges and it depends on whether the trader is a market maker or market taker.

According to this fee system, the fee charged by the exchange is:

  • 10% trading fee for market takers

For futures trading:

  • The market taker fee ranges from 0.03% to 0.05%

The deposit and withdrawal fee, on the other hand, are as follows:

No fee required for deposits

  • Withdrawal fee for BTC: 0.0004 BTC
  • Withdrawal fee for Ethereum: 0.003 ETH
  • Withdrawal fee for Ripple: 0.1 XRP

Withdrawal and Deposit Methods

With the help of this OKEx exchange review, you can also get a good idea about the withdrawal and deposit method of the platform.

OKEx offers a variety of deposit and withdrawal methods for its users to fund their accounts and withdraw their earnings. The exchange supports fiat currency deposits and withdrawals through:

  • Bank Transfers
  • Credit Cards
  • Debit Cards
  • Payment Processors

Additionally, users can deposit and withdraw cryptocurrencies using the same methods, including:

  • Bitcoin
  • Ethereum
  • Litecoin and more

OKEx also offers a unique feature called “Quick Trading,” which enables users to buy and sell cryptocurrencies instantly using a credit or debit card without going through the deposit process. OKEx’s withdrawal process is secure and straightforward, with two-factor authentication and email confirmation required for every withdrawal.

Banking Services

It has been established above that the OKEx exchange is one of the most popular platforms in the industry. This is because of the high-end and impressive features of the exchange that aim to make crypto investing and trading easier for everyone.

Another major benefit and the availability of various options offered to the users is in the form of the banking services. This exchange supports a lot of banking services that include the following:

  • ApplePay
  • Bank transfer
  • Blueshift
  • BPay
  • Credit cards
  • Cryptocurrency transfer
  • Debit cards
  • iDeal
  • KaKao Pay
  • Payid
  • Payoneer
  • PayPal
  • Poli
  • Qiwi
  • SEPA
  • Skrill
  • UPI
  • Western Union

Copy Trading Supported by OKEx

Copy trading is an impressive and unique feature that is not supported by all trading platforms. Some of the platforms that support copy trading do get the attention of a larger audience, especially if all other available features are up to the mark as well.

Copy trading basically allows new traders to choose a professional trader and automatically copy their trades. This enables people who lack trading experience or information to be able to place trades even if they are automatic.

However, one thing to know about copy trading is that as a new trader you will get the same kinds of profits or losses as the trader that you copy.

If you opt for copy trading on OKEx exchange then professional traders who allow copy trading can get up to 10% profit-sharing ratio.

Big Selection of Digital Currencies

In this OKEx review you will also get to know that the platform is widely known for offering one of the biggest collections of cryptocurrencies to its users.

The traders can get exposure of spot and derivatives trading as well. To put it together, there are more than 350 digital tokens on the exchange, along with more than 500 BTC and USDT trading pairs.

This collection also includes the native token of the OKEx exchange called the OKB.

Final Takeaways!

The OKEx exchange is an outstanding platform that offers several impressive features to the users. As a potential user of the platform you should know what it offers and then make an informed decision.