Choosing the best cryptocurrency exchange is always a confusing decision for people who wish to earn money with crypto. If you are also one of them who are looking for a fully optimized cryptocurrency exchange platform to start earning a decent profit from the crypto industry then this review article can help you for sure.
As we are going to review an industry-level crypto exchange OKEx, that’s providing trustworthy services for a long time now. We have collected the pros and cons along with the excellent services offered by the platform. To help you choose whether it can fulfill your requirements or not.
OKEx Features that you will Love
Founded in 2014 OKEx is among the largest cryptocurrency platforms in the world at the moment. The idea for the platform is derived from a popular platform OKcoin as a successful brand. Targeting advanced and serious cryptocurrency investing and trading individuals, OKEx crypto trading services are growing very quickly.
OKEx exchange platform
Despite the fact that it’s not yet available for U.S. residents. Providing its sophisticated services that resemble traditional exchange platforms, OKEx hearty welcomes everyone to join the cryptocurrency industry as a beginner. While offering advanced financial services with the latest technology and features.
Cryptocurrency traders and investors use OKEx from everywhere in the world. With millions of users worldwide, it has a tremendous turnover of $1.5 billion on a daily basis. Not to mention that OKEx had to move to Hongkong after the ban on cryptocurrencies in China. As it was situated in china during the initial phase. Now let’s go through what OKEx has to offer if you decide to choose it.
No KYC needed
Unlike other cryptocurrency platforms available in the market, OKEx is one of the platforms that doesn’t require a KYC (Know Your Customer) verification from its users. In simple words, you can start trading cryptocurrencies without providing additional identification proof to the platform.
Crypto mining service
One of the hot topics in the Crypto industry currently. Cryptocurrency mining is taking a whole new level of attention at the moment. As digital asset prices are on a spike, a lot of people are looking for a solution to start mining and start earning crypto for free.
If you are also one of them, don’t worry as OKEx provides an inbuilt mining pool feature to its users. Allowing you to join the mining pool and help the crypto industry verify the transactions in return for free cryptocurrency as compensation.
Standard fee structure
The fee structure is one of the essential elements that you should pay attention to when choosing a crypto trading service. As it can highly affect your ability to carry out the crypto trades on a regular basis. Whereas, OKEx claims to charge the lowest fee as a minimum of 0.15% for the maker and 0.20% for the taker. Though you can make them go lower to 0.03% with the right amount of trading volume.
Promos and Discounts
Cryptocurrency exchange platforms often use promotional methods and discounts to attract more users. Similarly, OKEx offers a reward option to anyone who joins the platform, where you can get up to $22 as a reward for free. Additionally, there is a $15 reward for each friend you invite for using the platform. You will also get many promos and discounts during the trading and deposit process.
- Supports fiat currency deposits
- No extra fee for depositing funds
- Provides high APY’s when joining the staking system
- Cross-platform compatible (Android, iOS, Web-based, etc)
- Offers you an advanced interface with professional trading options
- You can use the wallet service from OKEx to store your assets
- Utilizes a set of distributed server clusters with multi-signature wallets stored in cold storage.
- You may have to face issues during withdrawal
- U.S. citizens are not allowed to use the platform
- There are many countries where the service is not available yet
OKEx is a fully functional crypto trading platform with almost everything you need. Whether you are planning to learn how to step into the crypto industry or are a regular trader, Choosing OKEx won’t disappoint you for sure.
Without a single case of hacking or breaching in the system, you can trust the platform with your funds without worrying. If you found any useful information then do share this article and don’t forget to mention any queries or suggestions you have in the comment section below.