We will explain the reviews, reputation, safety, fees, deposits and withdrawals of cryptocurrency services provided by overseas cryptocurrency exchange OKX. OKX was established in China in 2014, but has since relocated. It is an exchange with an extremely high trading volume and is considered one of the major cryptocurrency exchanges in the world, so we highly recommend that you register and trade.
About OKX safety and basic information
OKX is a global cryptocurrency exchange founded in China in 2014. When you think of China, you only get a dirty and suspicious impression, but don’t worry. Now headquartered in the Seychelles, it has become one of the top virtual currency exchanges in the world. Previously known as OKEx, the company changed its name to OKX in 2017 when it underwent a major brand reform. There are many crypto assets available and recommended for purchase. You can place orders while looking at the price, just like in FX.
| Operating company | Okex Fintech LLC. |
| Establishment | 2014 |
| Headquarters | seychelles |
| maximum leverage | 125 |
| Virtual currencies handled | 600～ |
| transaction fees | Maker：～0.08％ Taker：～0.1％ |
| URL | OKX |
Implement security measures
OKX official website has security measures in place. The wallet is managed as a cold wallet, and cash exchange and remittance are safe. There is also a two-step verification setting, which increases security by logging in using a verification code. Furthermore, it is also possible to set a fund password. Since a password is required when depositing and withdrawing funds, it is possible to further improve security. By using KYC, important payments, history, and hacking will not be leaked.
Approved by the Financial Services Agency
OKCoinJapan, a different company from the same group, has been approved by the Financial Services Agency of Japan and operates under regulations. Japan’s laws and regulations regarding virtual currencies are said to be among the strictest in the world, so they can be highly evaluated in terms of reliability and safety. Some overseas exchanges such as Bybit and Binance have received warnings from the Financial Services Agency as unregistered operators, so OKX has very sound management.
Zero cut is adopted
OKX uses zero cut. Since there is a zero cut, there is no margin call and the user does not have the risk of incurring debt. In addition to that, there is also a loss cut, so users can select and make very safe trades while using the market. The tools are well-equipped and the contents are recommended not only for those with experience but also for beginners. Essentially risk-free for customers.
No fraud
After investigating, there are no scams with products or coins. Although the country is overseas, the system has been thoroughly verified and it is a highly recommended exchange. It is licensed and has a number in the United Arab Emirates. It also supports languages such as France, the Netherlands, Italy, Spain, Germany, and Thailand, making it a fully-fledged global company. Trading is possible in a transparent format.
OKX features, advantages and disadvantages
Next, we will explain the features, advantages, and disadvantages of OKX. Virtual currency has high liquidity and there is a possibility of risk and loss, but it has a wide range of functions and is recommended for everyone. There is also a service exclusively for Japan called okcoin, so it is quite complete. It is an exchange similar to Binance and Bybit. Since it is a promising exchange, we have high expectations for its future development. This is a world-class group. You can invest in any pair you like.
Wide variety of currencies available
There are many types of currencies and brands that are handled in the market. Items sold and handled include major alts such as BTC (Bitcoin), LTC (Litecoin), USDT (Tether), XRP (Ripple), ETH (Ethereum), XLM (Stellar Lumens), and FTM (Phantom). Even coins are covered. OKX currently allows trading of over 600 types of virtual currencies. New items are increasing every month. IEOs are also frequent, and IEOs are regularly conducted on a platform called “OK JumpStart.” Globally valuable items can be traded online.
Extremely large trading volume
In terms of 24-hour trading volume, OKX’s main activity is spot trading, which ranks among the top in the world. It is also said to be one of the top in derivatives trading, and its selling point is its large trading volume. This means that there are a large number of registered users. P2P, where users trade directly with each other for business, is also popular. Bitcoin is the number one traded currency. Major currencies such as Bitcoin are also stable.
Leverage trading possible
OKX has a maximum leverage of 150x. Unlike spot trading, futures margin trading uses the principle of leverage, so it is possible to make a lot of money with a small amount of capital and margin. It is also possible to make profits with virtual currency by placing a large amount of money in the fluctuating chart and market. It is for people who want to trade without restrictions. You can work while holding several large positions. Transactions can be made immediately even with a minimum balance. It has higher leverage than traditional exchanges and allows you to trade on the target.
There are many types of transactions
OKX not only supports spot trading, but also supports gamefi, defi, NFT, swap trading, system trading, funding, options trading, leverage trading, staking, saving, and even mining. Masu. Since it supports a variety of currencies, it is recommended for those who want to steadily increase their assets and have many options. There is plenty of content available for those who want to get started. There is no rate delay at all. With staking, you can earn money conveniently and accurately because you can use the annual interest rate.
Original token OKB
OKX has its own token, OKB. If you own OKB with a high market capitalization, there are benefits such as being able to receive discounts on various transaction fees and being advantageous in IEO. The upper limit of the number of issued coins is fixed at 1 billion, and users need to make their own decisions and secure them as quickly as possible. OKX has released a dedicated smartphone app, so you can trade on your own computer or smartphone. Information about our company is distributed in advance and it is possible to participate in multiple events.
24/7 online support
OKX support is available online 24 hours a day, 365 days a year. We support not only email but also live chat. Chat has been introduced, and inquiries can be made through the official website and also in the help center, so there is a high possibility that you will be able to research and resolve them on your own. You can find a variety of content on the page, including how to use it, network transaction processing, smartphone apps (android/iOS), and details about the products we handle. You can also download your transaction history and consult about tax measures and troubles. Therefore, if you have a chance, please ask me if there is anything you don’t understand.
Fees are relatively low
Fees are relatively low. Maker: ~0.08%, Taker: ~0.1%, which is cheaper compared to other exchanges. There are no deposit fees. However, please be aware that some coins may incur fees for withdrawals. In addition, there are also bonuses and campaigns that allow you to earn rewards. Transactions can be made using the global blockchain. The address supports both virtual currency remittances from QR codes, and deposits and withdrawals using credit cards.
What do the actual reviews look like?
What do the actual reviews look like? We have compiled information for your reference based on posts from TradersUnion, a major review site. It is characterized by a large number of users from Africa and the Middle East, such as Egypt, Saudi Arabia, India, and Nigeria. The company also has SNS (Twitter) accounts, and the media provides news, explanations, and summaries. Check out the announcements regarding minor physical handling, launch pools, etc. You can predict the future and trade more and more.
Source : TradersUnion
OKX’s platform itself is pretty intuitive, which is nice. I like how you can easily exchange between different cryptocurrencies with zero fees. Plus, the earn rates for locking your crypto for a fixed time are quite attractive. However, one thing that really bugs me is the withdrawal process. It’s just too complicated for my liking. And another downside is that my country’s fiat currency isn’t listed, which makes things a bit inconvenient. Also, I noticed that some coins I wanted to trade weren’t showing up in the search results, even though they’re listed on Coinmarketcap. It’s a bit confusing, to be honest. Overall, OKX has its pros and cons, but it’s been okay for my crypto needs.
Source : TradersUnion
Been playing around with OKX for a while now, mostly on their demo account. Great for getting the hang of the platform and trying out different trading strategies without risking real money. But the demo seems a bit limited. For example, it doesn’t have all the features available on the live account, like margin trading. Wish you could test out everything before jumping in with real cash. Kind of feels like training wheels you gotta eventually take off.
Source : TradersUnion
This is the first cryptocurrency platform I got acquainted with when I started learning about crypto. OKX exchange has been operating for several years and has its popularity among crypto investors. I can’t understand why there are so many negative reviews. I’ve been working with the exchange for almost two years, consistently withdrawing cryptocurrency. Of course, there aren’t so many diverse services here, but it’s enough for me.
Source : TradersUnion
There are a lot of negative reviews about the OKX exchange. Many of the positive reviews are written to deceive users. It’s a proven fact that the exchange may not pay out funds. Additionally, OKX may block user accounts for unfounded reasons. Therefore, I believe it’s better not to take risks and not to open trading accounts here, let alone transfer money.
Source : TradersUnion
If a controversial situation arises on OKX, the issue is not resolved in favor of a trader. When there was a failure on the platform, my trade was closed with a huge minus. When comparing with other cryptocurrency platforms, I did not find the same quotes at a certain point of time that were on OKX. However, the exchange administration decided to leave everything as it is. As if they have their own quotes. After that, the desire to trade here disappeared.
Source : TradersUnion
This OKX exchange comes up with various excuses to avoid processing clients’ withdrawals. I submitted a withdrawal request for 1225 USDT. Normally, withdrawals take a couple of hours on regular cryptocurrency exchanges. Unfortunately, OKX withdrawals come with issues. They forced me to undergo a new verification process, which lasted for two weeks. Then, they deducted a commission of 125 USDT and transferred the funds to my bank card at a rate that further cost me money. In the end, instead of making a profit, I incurred significant losses.
Source : TradersUnion
You can open an account for free
You can open an account from home for free. You can access the official website from the link below and apply using the form. Setup takes just a few minutes. Please have your email address or phone number ready as you will need them. Once you have registered your account, you can trade using your browser or app. Investments can be made easily from the screen. Depending on the security level, you may be required to submit identification documents such as a passport or driver’s license.
Users residing in Japan cannot register on OKX. In that case, you can open an account at OK Coin Japan, an exchange specializing in Japan, so please open one using the button below. This is a good deal and the procedure is easy. We provide the latest services and you can trade in Japan while looking at the data and make profits. We also have a complete set of guides for Japanese people to get started. It is an environment that you can operate and use immediately if you are interested.
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