Click these to open a dialogue box that will connect you with a customer service chat representative. Assuming that your problem is not an emergency, the easiest way to contact customer support is through an email ticket. The staff should get back to you within 1 business day using this process.
Is Binance better than Coinbase?
Coinbase is best for buy and hold investors who want to purchase a currency and hold it for the long term. Binance offers much lower fees per transaction, as well as incentivizing high-volume traders with their fee structure. While they use a maker-taker fee structure, both the maker and taker fees are identical.
OKEx was also granted approval from the Maltese regulators to operate on the island. You can check the exchange’s complete list of supported coins on the exchange’s Markets page. This okex exchange review dives into how OKEx works, the benefits you stand to gain and if there is a better alternative.
Bots may come with trading strategies ready installed, but the user can also customise the bot according to their preferences. All products cryptocurrency and services featured are independently selected by WikiJob. When you make a purchase through links on this page, we may earn a commission.
Why You Should Consider Using A Bitcoin Trading Bot
2% of the exchange’s crypto is held in wallets connected to the Internet. This ensures that most of users’ deposits are kept safe, cryptocurrency is while still allowing enough crypto for withdrawals. OKEx offers users a trading experience while on the go through its mobile app.
The latest crypto crash has prompted renewed questions about the market benchmarks used by exchanges. Comprising of three phases the promotion requires participants to complete specific tasks. The first one is sharing a completing a quiz for a chance to enter the draw to a £7,300 worth of DAO prize pool.
The weights of each of the five exchange’s price contribution to the index are not disclosed. Binance also says it weights each exchange price feed “by their relative volume”, but without providing further details. “For 68 seconds our bitcoin real-time index was calculated with three exchanges,” Chung told New Money Review.
Okex Review And Tutorial 2021
However, you’ll need to provide your name, country of residence and proof of ID before you can make a fiat deposit. You can sell futures, buy puts, or even borrow crypto and sell it. Beginners who want to use cash to buy and hold major cryptos may not be satisfied with OKEx.
Once your account has been verified and you’ve deposited the funds, they will be automatically added to your account. Featuring is MakerDAO, USDC, USDT, TUSD, ETH, BTC, and others. You will also see the crypto market that will pay you for staking your cryptocurrencies. The wallet allows you to control your assets by providing a seed phrase setup and proper backup procedures.
Our review breaks down the sign-up and login process, withdrawal fees, wallet options, mobile apps and more. If you plan on buying, trading or using bitcoin or any cryptocurrency, a wallet is a necessity. In this guide we’ll discuss the types of Bitcoin wallets and why you may choose one over the other. As bitcoin and other cryptocurrencies are digital assets, the way they are used and stored differs from traditional currencies. A crypto wallet should be looked at as a way to access the cryptocurrency you own, as well as a way to send and receive it. Wallets can be on your mobile device, on your desktop, a physical hardware device that you can carry with you or even a piece of paper. Like all crypto wallets, a bitcoin wallet has both a private key and a public bitcoin address.
- The pool of products is constantly growing so head to the OKEx website for the latest token listings.
- finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.
- Holders of OKB get discounts on exchange fees without needing to post a high volume of trades.
- You may wish to view our best crypto brokers for regulated alternatives.
The issue hinges on whether digital assets can be classified as securities, and it has largely been decided on a case-by-case basis. Once you receive the email verification link and click it you’re ready to start trading. Note that you’ll be at verification level 0 however, so you can deposit and trade, but you won’t be able to withdraw.
U.S. users will also probably want to stay away from this exchange. There are currently no negative reviews of the app on either store. OKEx’s C2C lending feature allows users to post one type of coin as collateral and use it to borrow a different coin from other OKEx users. So if you don’t have time to deal with the issue right now, email is a better option. So the fact that OKEx offers both chat and phone support is surprising.
OKEx is a global digital asset exchange that provides access to digital financial services. The platform offers exchange and trading services to cryptocurrencies and crypto-based derivatives, allowing traders to make money and capitalize on their holdings. The founder of major global crypto exchange OKEx has been investigated by authorities for rejecting cryptocurrency withdrawals.
Okex Regulation & Licensing
However, thanks to its exposure to traditional stocks and other financial instruments, eToro provides a better and broader trading experience than OKEx. eToro is another platform that allows traders and investors to make bets and possibly earn returns. However, while OKEx focuses exclusively on cryptocurrencies, eToro has a broader scope. With OKEx, you can start with a minimum deposit of just £7.25, making it easy for you to gain exposure to cryptocurrencies with little capital. And you don’t necessarily need to supply all your details before you can get started. But OKEx will reduce your deposit and withdrawal amounts until you complete your KYC process. The minimum deposit amount on OKEx is 10 USDT (£7.25) or equivalent to other currencies.
The online wallet can be accessed from computers and mobile devices and allows for the straightforward storage and transfer of crypto assets like Bitcoin. OKEx is a popular crypto exchange and a serious contender with the likes of Binance and Coinbase. It offers over 400 trading pairs and a host of spot, margin and other products. The broker has also been among the first to list new crypto tokens like Chia. Traders in Russia welcome OKEx Facts & Figures OKEx is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
Is Okex Safe
In May, CME became the largest exchange for ETH futures as open interest reached $489mn, up 66.2% since April. On the other hand, alternative derivatives exchanges saw an aggregate decrease in ETH futures open interest of 0.7%. Probably not, as OKEx does not offer an Islamic trading account as far as we know. In our review we gave OKEx a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that OKEx is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
There is a similar tiered discount arrangement for BTC and LTC futures traders that are calculated separately from spot market transactions. Those amounts range from below 10,000 BTC to higher than 300,000 BTC equivalent.
The company initially operated out of China, but it moved to Hong Kong in 2017 after the Chinese government instituted a ban on trading Initial Coin Offering tokens. Before clients can withdraw profits, they may need to meet the exchange’s various KYC identity verification levels. This is an increasingly common practice across crypto platforms and is designed to reduce fraud and money laundering. Note, OKEx offers guides that explain how to use and trade on the platform when you register for an account.
And it was the exchanges offering extreme leverage via perpetual swaps that consistently recorded lower prices than the others. On its website, Binance says that when a user’s position is liquidated, ‘a certain percentage’ of the ‘insurance clear fee’ will be collected and contributed to its insurance fund reserves. For coin-margined futures, Binance says its insurance clearance fee is 0.60 percent. All these exchanges specialise in perpetual cryptocurrency swaps, a popular type of derivative. 19 May 2021 marked not only one of the biggest one-day price declines in cryptocurrency, but also one of the largest-ever liquidations of traders’ positions.
Автор: Felipe Erazo