One of the crypto exchanges in the market is the OKEx exchange. This platform is Malta-based and was established in 2017. It has a large trader base and is a broker where the crypto traders can trade crypto tokens and hundreds of futures trading pairs.
It was developed by a game developer and now offers more than 140 digital assets to the users. It allows the traders to be exposed to a great range of crypto assets that can be traded. It also offers spot trading and derivatives.
It has its own utility token called the OKB and offers several other advantages to the users.
Therefore, if you are interested in using OKEx then here are a few reasons that can help you make the right decision.
OKEx Fee Structure
Every crypto exchange has a fee structure, however, the fee charged by an exchange varies from one platform to another. There are numerous exchanges in the market and these platforms are different from each other. Not every exchange offers a transparent fee structure, which is why it is the most important thing to look for before you choose an exchange.
If you are interested in using the OKEx you should know the fee that it charges to the users. Once you know the details of the OKEx fees you can determine whether this is a suitable exchange for you or not.
The overall fee of the exchange is lower than its competitors, however, it heavily depends on whether you are a market maker or taker.
- Tier system of the market taker trading fee is at a limit of 0.15%.
- Market takers fee for futures trading is from 0.09% to 0.15%.
- Fee for VIP users is 0.030%-0.080%.
- 0.0005 BTC withdrawal fee for Bitcoin
- 0.15 withdrawal fee for Ripple
- 0.01 withdrawal fee for Ethereum
- No deposit fee for traders
Mobile Support by the Exchange
The OKEx exchange is well-known for several reasons. One of the factors that contributes to its popularity is that it makes it easy for people to trade the digital assets they want.
People who are not experienced enough can feel intimidated by the market interface and can even find it difficult to keep a track of the market if they have a demanding schedule. Therefore, one of the important factors you can know through this OKEx exchange review is that it offers a mobile-friendly application to the users.
It is available on both Android and iOS and has a user-friendly interface. This OKEx mobile application can help you keep a track of the markets, manage your trades along with your capital, in one place.
OKEx United States Services
The exchange is available in several countries. However, it does not offer its services to people in the USA. This is one of the most important things to know and consider if you are interested in using the exchange.
The OKEx U.S. customers should know that the platform has blocked any traders from the USA due to regulation problems regarding the platform. This makes it slightly complicated for you if you are living in the USA.
However, despite the fact that OKEx U.S.A. services are closed off for US residents, many people still take risks to access the platform.
User Interface of the Exchange
The user experience of OKEx is one of the most important things you should know about, especially if you are interested in using the platform. This exchange is a well-known platform, thanks to its user-friendly interface, among several other things.
This is one of the leading factors you should consider before using this exchange because not every platform is designed for beginners and experts alike. Unable to find a suitable exchange with a simple interface can be intimidating and challenging for the first-timers.
However, you don’t have to worry about this if you choose this exchange. This is because according to this brief OKEx review you can find out that the platform is user-friendly and has an interface which is easy to navigate.
Deposit and Withdrawal Methods
Another highlighting factor about OKEx is that it offers an easy way for the users to make deposits and withdrawals. Here is the method to make deposits or withdrawals on the exchange.
· Create account
· Verify it
· Use feature ‘one-stop marketplace
· Select deposit method
· Add funds to your account
If you are interested in crypto trading then OKEx is an exchange you should know about. If you have some relevant information of this exchange, it can be easy for you to make an informed decision regarding your funds. Therefore, if you are looking to use this exchange then you should first know the details that are mentioned above.