We personally contact support using all available methods and present hypothetical problems that users might face. Our evaluation concentrates on how quickly they respond, the quality of the help okex review provided, and whether we can talk to a real person rather than a bot. This method effectively measures the capability of customer support to assist both active traders and casual investors.
OKX Review: A Complete Derivatives Cryptocurrency Exchange
- BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.
- A buyback and burn program is in place to enhance OKB’s value, utilizing 30% of the spot market trading fees to purchase and burn OKB tokens periodically.
- If you think one currency is likely to do better than another, you can instantaneously convert it to another coin at market rates.
- Very irresponsible customer rep team that ignores every of my complaints.
- The Convert feature is great for beginner traders or any who doesn’t need to access a charting interface to perform technical analysis.
- Security concerns, slow withdrawals, and lost funds have also been reported.
- With over 350+ crypto assets supported ranging from the majors like Bitcoin and Ethereum to smaller cap plays and harder-to-find tokens, OKX has a great selection.
The strict compliance process, though ensuring security, can be cumbersome. Online safety, privacy, and security are critical features of any cryptocurrency exchange. If you’re not a resident of a country that the exchange supports, you can’t make a direct crypto buy with a credit card or bank account. You can transfer cryptocurrencies from another exchange or wallet; it just adds another step.
- As for PC clients, OKX has developed a program available on both Mac & PC clients.
- This focus on wealth management could appeal to users who are more interested in long-term investment strategies.
- If you’re comfortable with online financial products and follow security best practices, you’ll likely have a positive experience with OKX.
- As an ERC-20 token on the Ethereum mainnet, OKB has a capped supply of 300 million units.
- OKX’s mobile app is an excellent tool for managing assets and trading on the go.
Cryptocurrencies offered on OKX
Furthermore, additional features such as withdrawal passwords and anti-phishing codes are also there, enhancing security and making OKX even better and more secure. Competitive fees are vital for frequent traders, boosting net profits, especially in high-frequency and algorithmic trading. The first tier typically represents casual traders, as they don’t usually trade more than $10,000 per month, while the higher tiers often relate to more advanced traders. Using this method, we’re categorizing users not only by their trading style but also by the amount of money they spend on the exchange. To be honest, I did struggle a bit with the stop loss tools, as they didn’t quickly provide access to more advanced features like the trailing stop loss. However, I appreciated how it guides users to set the correct stop loss by forecasting their profit or loss.
My Key Takeaways after Testing OKX Desktop
While much of OKX is transparent, hidden cost details are a red flag that may send you to another exchange with more transparent fee schedules. Although the education section is limited, there are helpful articles on various topics, including API investing and dollar-cost averaging. There is also a blockchain glossary dealing with questions such as ‘What is a private key?
Convert Crypto with Zero Fees
For instance, regular users pay maker fees of 0.140% and taker fees of 0.230%, while top-tier VIP users pay no maker fees and a taker and maker fee each of only 0.030%. However, this complex fee structure could be confusing for some users, despite the competitive trading fees. Placing orders will feel familiar to those with experience using other exchanges that use the standard order-book interface. OKX offers six order types, enabling traders to enter and exit positions precisely. Additionally, the platform supports multiple take profit/stop loss trigger orders on one position, allowing traders to enter/exit a portion of a trade automatically.
Mobile App and Accessibility
OKX Review ( : Pros, Cons, Fees & Features Explained
- The platform is tailored to experienced traders, providing a customizable trading experience with advanced conditional trades and a built-in trading bot.
- Additionally, users can contact a support agent for tailored assistance.
- We will go into security in a little more detail once we zoom in on each exchange individually, but to sum up, both platforms are incredibly secure and take crypto custody and security safely.
- We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services.
- The OKX Web Wallet is a self-custodial software wallet that users can download and store their crypto assets and NFTs with.
- Using its expertise in the spot market, OKX offers its users the opportunity to trade Futures, perpetual swaps and options markets.
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