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There are no withdrawal limits, which means you can withdraw at any time without being limited by a set amount like other exchanges might be. This is great for high-volume traders who need to make multiple withdrawals in a day or even an hour. OkEx is a cryptocurrency exchange that was founded in China 2017. It https://www.tokenexus.com/okex-exchange-review/ currently has over $425 million worth of Bitcoin being traded on its platform every day, making it one of the largest crypto exchanges in the world by volume. OKX’s crypto offering is split into the spot, margin and derivatives markets (although note that derivatives are not available for UK retail traders).

• Another security feature is that all withdrawals require confirmation from the user.
• There are also various tools for security, including a Web 3.0 wallet, which is compatible with all decentralized assets.
• However, while OKEx focuses exclusively on cryptocurrencies, eToro has a broader scope.
• The exchange will automatically provide details about sellers who fit your requirements so you can choose whether or not to close the transaction.

Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely won’t recover any funds if you accidentally send funds to the wrong wallet address. What I want okx to improve is to have a better price to be updated as fast as it can be possible but as far as I know, okx offers better service than others.

How can you Deposit Funds in 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. However, due to some inconsistencies, unclear information, and past customer experiences, it’s a good idea to proceed with caution. Ensure you’re using the best security features OKEx offers to keep your account and funds as secure as possible. If you’re comfortable with online financial products and follow security best practices, you’ll likely have a positive experience with OKEx.

Although we appreciate your concerns, we want to assure you that our platform is safe and reliable. If you are still experiencing difficulties with sending your crypto or completing the verification https://www.tokenexus.com/ process, please contact our support team for assistance. As with any digital service, there is always going to be a certain level of risk that leads to serious cybersecurity threats.

Deposits

Most of your OKEx account needs will be self-service—plan to handle your trading and account updates yourself. If you need extra help, OKEx offers a help page, email-based support, and chat support. Unverified accounts can withdraw up to 10 BTC per day and trade up to $500, while higher levels give you higher withdrawal limits and transaction limits. One big downside of OKEx is that it doesn’t disclose fees for deposits and withdrawals. While much of OKEx is transparent, hidden cost details are a red flag that may send you to another exchange with transparent fee schedules.

It’s even worse that they baited users onto their platform, changed the terms without notifying clients, and now they are holding our funds hostage. This is straight up a bait and switch which is 100% fraudulent and illegal. Even though you can let your coins sit in the exchange for as long as you’d like, this is not a very good idea. The main reason behind this is that you don’t actually have the coins in your custody before you withdraw them. Decentralized exchanges, on the other hand, operate without a central authority.

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The order book and tape are located on the right and while the numbers may appear to be rather small there probably is an option to increase the font. That being said, we come to the biggest weakness of the platform – it is only in Chinese (or at least we didn’t find the way to switch to English). If you chose to go through the email path as we did, you will have to head down to your mail and click on the “verify” button for your account to be verified by OKEx. You might also need to provide other personal details like your name, address, driver’s license, official passport, and any other documentation they may ask of you.

First of all, the funds of the traders are not kept on the platform. They are held with the crypto exchanges that the traders use, such as Binance. Secondly, the trading bots of NapBots are not capable of making withdrawals.

It also allows a place for people who don’t know where or how to buy Bitcoin to speculate on the price but never own the asset themselves. Buying Bitcoin from our platform, you will be purchasing the asset itself. Maker fees will be at 0.2% when DCXfutures launches, but the service is initially open to select customers on an invitation basis.

OKEx uses industry-standard security practices, including cold storage for most customer assets. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes. OKX’s trading bot is available in seven different modes, enabling you to find the most suitable strategy for your specific situation.

I like the data security for OKX, as I consider it one of the best I the work. Although not all OKX trading bot are free, they are safe to use. With some of the platforms, you can set up a free trial, which is good for beginners.

This works the same as a simple market trade on the active trading platform, but with an easier-to-understand form and interface. Trading instruments (cryptocurrencies)
The available assets at OKEX are BTC, ETH and LTC. That being said, BTC and LTC futures contracts are also available on this exchange.