OKEx is a Seychelles-based cryptocurrency exchange that provides a platform for trading various cryptocurrencies. We are going to give our honest review in this guide to enable you make a good choice in your trading.
OKEx Exchange, gives users access to a variety of digital assets, with over 250 coins and tokens to choose from.
Accessible from both desktop and mobile applications the platform gives users a way to make passive income through their Earn program, and has also launched its own blockchain, OKExChain, giving users access to decentralized finance and providing on-chain asset management and NFTs as well.
With an easy process for registering an account that gives you nearly instant access to crypto trading, and a user-friendly mobile app, OKEx has become one of the world’s top crypto exchanges. If you are looking for a new exchange, or your first, our OKEx review will help determine if it is the right fit for your crypto needs.
OKEx is one of the biggest cryptocurrency exchanges in the world thanks to its huge portfolio of coins, high trading volume and low fees.
The exchange is regarded as one of the best places to trade cryptocurrencies but it’s not necessarily a great on-ramp for new users as it does not natively support fiat currency. On the flip side registering for OKEx is very easy and gives users access to a variety of features like crypto earn and NFTs.
The site is also available on desktop and mobile.
- Huge variety of coins with large amounts of trading volume
- Exceptionally low trading fees
- Headquartered in Malta
- Same diverse selection of coins as regular Coinbase
OKEx Pros & Cons
- Wide variety of coins and tokens, 670 market pairs
- Passive income with Earn
- Easy sign-up with no identity verification required
- Native OKEx blockchain gives users access to Decentralized Finance
- Can only fund with crypto unless you want to use a 3rd party
- Not available to US customers
How to Register for a OKEx Account
It is extremely easy to set up a free account on OKEx, just follow these steps:
- Visit OKEx Homepage
- Click “Sign Up” on top right
- Enter your email or phone number and choose your password. You can also sign up with Telegram or Google account.
- Enter the 6-digit code they send to your email or phone
- You can then deposit funds to begin trading or buy funds through one of their various funding methods noted in the section above.
Signing up via the mobile applications is essentially the same process. It should be noted that while there is no identity verification to deposit and trade your crypto, you may need to have your identity verified to buy it via a credit card or through one of their payment partners.
What You Can Buy on OKEx
You can buy and trade a huge variety of crypto assets and tokens on OKEx exchange, they have over 250 different digital assets including but not limited to:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Chainlink (LINK)
- Ripple (XRP)
- Dogecoin (DOGE)
- Polkadot (DOT)
- Polygon (MATIC)
- Internet Computer (ICP)
- Tether (USDT)
- Filecoin (FIL)
- Cosmos (ATOM)
- Tron (TRX)
For a full list of coins and tokens supported by OKEx please check out this page.
Supported Operating Systems
OKEx is available as a website, a desktop client for both MacOS and Windows, and a mobile application available for both iOS and Android devices. Desktop software can be downloaded from the OKEx website while mobile apps are available in their respective app stores.
OKEx Best Features
OKEx has quite a few standout features, the first being their wide array of crypto coins and tokens available for trade, which means you are unlikely to have to use another exchange in order to find the asset you want.
Another great feature is their Earn program, which allows users to earn passive income in a variety of ways such as staking, yield farming, and lending. This is bolstered by their native OKExChain which gives users access to decentralized finance.
The ease of sign-up cannot overstated, it takes less than 5 minutes to set up your account as long as you are planning to fund it with a crypto deposit.
Is OKEx Safe?
Yes, OKEx is safe. There have been no reports of hacking ever occurring on the platform.
Users can secure their accounts with two-factor authentication (2FA), and even set access for only a specific IP address if they choose to do so. While the company began in China, it long ago moved its headquarters to Malta, and this has allowed them to avoid many of the regulatory issues that China has created for crypto exchanges.
What are OKEx Fees Like?
OKEx fees are very competitive with all of the other top cryptocurrency exchanges, and the fees get lower depending on a couple factors. For regular users, if you hold no OKB and have less than $5 million in trading volume for the last 30 days, then you have the highest fees with 0.08% for maker (putting an order on the books) and 0.1% for taker (filling an existing order). This can become as low as 0.06% maker and 0.08% taker depending on your OKB holdings and trading volume.
For VIP users, fees start at the lowest fees regular users can get, at 0.06% maker and 0.08% taker. They can then get as low as -0.01% maker (meaning you earn fees for trading) and 0.03% taker. VIP status is solely dependent on trading volume, so you do not need to hold OKB to get access to the lower fees, just trade more.
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