Till now, there have been no rumours of having OKX (Previously OKEx) hacked. Moreover, when it comes to security and reliability, OKEx is one of the leading platforms. Under this, you will have to upload the document’s images, which you selected in the level 1 verification. After completing this, your withdrawal limit will increase up to 300 BTC. Unfortunately, the Bank of Pakistan has prohibited dealing with cryptocurrency since April of this year.
Investment Products
The advanced version of the app is also impressive; users can switch to it with a prompt within the trading interface. It allows users to easily access the live order book and set limits and market orders with TP/SL. Additionally, the app offers advanced orders like limit orders, trailing stops, and trigger orders with just a tap.
Step 1. Open an account with OKEx
Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels. Cryptocurrency exchanges have some unique security concerns you don’t typically face with traditional banking platforms. However, the best practices for keeping your financial accounts secure are similar.
OKX (Previously OKEx) Mobile Apps
OKX also lets users try their hand at crypto mining by joining a miner pool. From the home page, you can select “Basic Trading,” which allows for spot and simple option trading. OKX’s Jumpstart Mining initiative allows you to farm DeFi tokens while supporting your chosen projects by staking OKB, OKX’s ecosystem token. ⦁ Any cold wallet is no longer used for deposits after the first withdrawal occurs. Traders can browse NFT collections by category or explore the vast OKX NFT Marketplace as they see fit.
Diverse Trading Pairs for a Diverse Portfolio
- Then, create your account by completing the procedure defined via your phone number, email, Telegram, or Google account verification.
- OKX Crypto Exchange stands out for its user-friendly interface, extensive range of supported cryptocurrencies, and robust security measures.
- For example, if you are a regular user engaging in spot trading, you will get charged 0.10% for takers and 0.08% for makers.
- However, there is more to it than this, but OKEx provides some good information on what they are all about to ensure you make an informed decision before jumping into options.
- Cryptocurrency exchanges have some unique security concerns you don’t typically face with traditional banking platforms.
- This range puts it in line with heavyweights like Binance and Bybit, outpacing Coinbase’s over 200 assets, yet falling short of KuCoin and MEXC’s impressive lineup of over 700 assets.
Experienced traders considering switching to OKX will find the trading experience professional, with fast order execution and responsive charts, making OKX a top trading platform. 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.
In comparison to other cryptocurrency exchanges, the OKEx platform is quite advanced, allowing users to trade with different types of orders. Those include market order, limit market order, advanced limit okex review order, stop-limit order, trailing top order, iceberg and Time-weighted average price (twap) orders. OKEx is a digital currency trading platform specifically designed to empower cryptocurrency traders.
- This includes metrics surrounding fees and commissions, tradable cryptocurrencies, features, safety, and more.
- You should be aware that you may lose a significant portion of your portfolio.
- Card purchase, which accepts 96 fiat currencies in exchange for about the same number of cryptocurrencies, is the fastest way to get your own liquidity onto OKX.
- Moreover, the mobile app will give a sense of liberty as you can carry out transactions on the go quickly and efficiently.
- When buying an option, you are paying a premium to the counterparty and some trading fees to OKX derivatives.
- Crypto-to-crypto withdrawals, tested via the Tron network, were exceptionally fast, executing in less than a minute — quicker than usual.
Understanding OKX Fees
Either way, you get all your principal back, so Shark Fin is basically free money. Assets are broken up into several categories, including Meme (DogeCoin, Shiba Inu, FLOKI), GameFi (The Sandbox, Decentraland) and Hong Kong-specific projects. However, the sheer number of features might overwhelm complete beginners. If you’re just starting out, it’s wise to ease into the app and explore its functionalities gradually.
