You will receive a code on the email id you entered while signing up. After confirmation of the code, your registration process will end. Follow these steps to get started with the OKX (Previously OKEx) platform. First, click on the ‘sign-up button on the top right corner of the official website of OKX (Previously OKEx). Fill in all the details including, a valid Email-Id with a strong password. OKX is one of the best exchanges for anyone looking for a reputable, highly secure, and regulated exchange.

Binance vs. OKX Review 2024: Battle of the Best Crypto Exchanges!

Although customers have complained about the support system and there have been rumors about possible hacks, it seems that the exchange is prospering despite any concerns. Although OKX definitely has a lot of competitors at the top, the exchange does have a lot of unique features and simply offers enough variety of products to compete with basically anyone. It is also among the top exchanges when it comes to liquidity and has more than enough trading pairs on all products. BitMEX, for instance, also has a ton of liquidity and advanced order types, however, it lacks variety and doesn’t even offer spot trading.

OKX crypto exchange review

Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started Hedge With Crypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. While the platform boasts low fees and a diverse range of features, it’s not available to investors or traders based in the US.

OKX Review in 2024: A Crypto Powerhouse

Many users have reviewed OKX as the best crypto trading app, thanks to its hot and cold storage implementation based on advanced encryption technology. This secures the platform from hackers and is widely trusted by traders due to its security features, customer service, and positive reviews over the years. OKX, previously known as OKEX, is a Seychelles-based cryptocurrency exchange founded in 2017 that has been serving millions of users in over 100 countries.

• The absolute simplest way to trade crypto on OKX is by converting one currency into another for no charge.
• I found OKX’s search functionality disappointing due to geographical restrictions.
• If a user places an immediate order at the current market price, they’re a taker and must pay more to compensate for the liquidity they’re removing.
• The open order book for supported currencies on the OKX exchange and flexible market charts are also designed for this audience.
• OKX provides an extensive array of crypto trading pairs, allowing users to explore diverse exchange rates between cryptocurrencies.
• OKX offers a crypto margin exchange where customers can borrow funds (use margin) to short on OKX with up to 5x leverage.

When it comes to perpetual swap contracts, OKX offers up to 100x leverage on the BTC/USD swap and less for the rest. There are five user levels based on OKX-token holdings and 30-day trading volume. As the user’s level increases, they get to access more discounts and enhance cost-saving.

Is OKX the best exchange for you?

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. If you’re looking for an easy way to swap currencies, including stablecoins, you can use OKX’s conversion form. This works the same as a simple market trade on the active trading platform but with an easier-to-understand form and interface.

The Comprehensive Conclusion on OKX

• Due to its high limits and live data, OKX is ideal for beginners looking to improve their skills and experienced traders aiming to build a winning strategy.
• OKX mandates this procedure to uphold the security of user accounts and assets.
• Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms.
• To burn the 300 million circulating supply of OKB, OKX (Previously OKEx) has started a buy-back scheme that occurs after every three months.
• These provide multiple lists of cryptos based on turnover, market cap, changes in price and a list of new entries into the market.

OKX have launched their token sale platform, which they call Jumpstart. This platform helps new projects launch and grow their communities. Users okex review can participate in campaigns by staking their OKB tokens and receiving the tokens from new projects based on the user’s staked amounts.

Money taken by OKX