MetaX, also referred to as simply the OKX Wallet is a smart wallet that supports multichain features with over 15 different blockchain networks and over 1000 DeFi protocols. If you struggle with any of these order types, you can always check out the OKX derivative docs. Okay, that sums up the trading features of OKX; let’s look at what else the platform has to offer.

On top of that, OKEx offers a crypto mining pool, Crypto-to-Crypto loans, and staking. We really liked OKX because they have a pretty strong community around it with numerous telegram & Facebook groups. This is an excellent way to bounce some trading ideas off fellow local traders. Of course, there is no need for you to reach out if you can find the required information in their support centre.

This exchange is scam they restricted…

If you already have crypto and want to deposit, you will have to generate an address. This can be done in your “Assets” okex review section of your account admin. Then, you will select the applicable token, which will generate a deposit address.

OKX is an innovative cryptocurrency exchange that makes it easy to buy, sell, or trade cryptocurrencies but is currently not available to U.S. residents. Instead, U.S. residents can access its sister exchange, OKCoin, but this exchange platform doesn’t offer as many coins or features. Like other exchanges, OKEx has a VIP program to reward users who frequently trade with them.

Mobile Trading

OKX charges margin interest rates whenever tokens are borrowed. To know full fee details of the OKX cryptocurrency exchange, click here. The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. The more professional nature of OKex’s exchange platform also means that it places more demand on hardware than the average cryptocurrency exchange. Yes, OKEx offers the OK Vault multi-currency wallet that allows users to store mainstream and ERC20 tokens.

• The fund is replenished with the initial margin that liquidated traders have at the outset of their trade.
• Nothing on the Website is, or shall be deemed to constitute, financial, investment or other advice or a recommendation by us in respect of any product or service referred to on the Website.
• Although OKX offers great features and is quite reputable, the exchange faces regulatory challenges.
• That’s why I would like to take a look at trading fees very closely in this OKEx exchange review.
• You can transfer cryptocurrencies from another exchange or wallet; it just adds another step.

The 100x leverage means the traders can multiply their investment up to 100 times. OKEx allows for futures trading for their primary coins like Bitcoins, EOS, and Ethereum. The platform provides highly flexible contracts with weekly, bi-weekly, and monthly options. The OKEx exchange boasts highly robust futures contracts that prevent traders from buying and settling coins. Futures are always welcomed by professional crypto traders as they offer even more opportunities for making a profit. OKEx is a crypto exchange platform that has been in operation for quite some time now.

OKX Mobile App

Furthermore, it does an excellent job of educating novice traders through its crypto academy. This is useful for beginners to familiarise themselves with the platform without risking their own funds. More experienced clients may wish to use the demo account to practice a new investing strategy. OKX offers many of the same features as other large competitors.

But after China banned cryptocurrencies, the company moved its headquarters to the Seychelles and now has offices all over the world. OKX implements multiple security measures to protect user data and funds, including withdrawal passwords, two-factor authentication (2FA) using Google Authenticator and anti-phishing codes. The company also stores a portion of funds in cold wallet https://www.tokenexus.com/ storage to increase its protection from malicious attacks and hacks. Semi-offline wallet storage is used in addition to this to combine convenience with security. Users can register for a new OKX account through the mobile app or the webpage using the ‘Sign Up’ button. The initial registration process is very fast with only an email/phone number and password required to join.

OKEx also has a support center with a rich collection of content that should answer most of your queries and eliminate the need to contact support. This support center includes detailed FAQs and a beginners guide that explains everything you need to know when starting on OKEx. Getting started at OKEX is relatively straightforward, and you should have your account ready and the deposit made in just a few minutes. We strive to achieve something that changes the world and never stop to innovate and improve on our customer experience. OKX does not use an ordinary Transmission Control Protocol/Internet Protocol (TCP/IP), which is the typical method that allows digital computers to communicate over long distances.