OKEx is one of the top crypto exchanges in the market that every crypto trader and investor should know about. It is based in Malta and was established in 2017 by JayHao. The CEO of the exchange has a background in game development and the same technologies and efforts have been channeled into creating this exchange too.
This exchange not only offers high-end and in-depth trading features but some of the best crypto banking services as well. There is a multitude of cryptocurrency exchanges in the world and some of them essentially offer similar services. However, some platforms stand out among others based on some distinctive features and tools that are offered to the users.
The OKEx exchange also stands out among its competition, based on the high-end features it offers, some of which are mentioned below.
Knowing about these features can make it easier and hassle-free for you to determine if this exchange is suitable for you or not.
Table of Contents
OKEx Supports Leverage Trading
Experienced traders often look for crypto exchanges that also support leverage trading. This is a highly popular trading strategy that allows traders to open bigger trading positions by borrowing funds from the brokers.
The borrowed amount is called leverage and the leverage ratio a platform offers varies from one exchange to another. Trading with leverage is an exciting venture as it increases the opportunities to get big profits. However, the profits are never guaranteed and are accompanied by the possibility of facing huge financial losses as well. This is why, it is crucial for all leverage traders to be fully familiar with the concept first and then step into it. This OKEx review, specifies that the platform does support leverage trading and also offers one of the highest leverages, which is up to 100x.
Variety of Assets Supported
OKEx grabs the attention of a vast audience, thanks to the fact that it supports a vast variety of assets. This trading platform supports a wide selection of tradeable assets. This enables the traders to get access to derivatives and spot trading.
This OKEx exchange review highlights the fact that this platform supports more than 140 digital tokens and 400 Bitcoin and USDT trading pairs. This collection of assets also includes OKB, the native token of the OKEx blockchain.
Multitude of Banking Services
As mentioned above in this brief OKEx review, this platform does not only offer high-end trading services but supports various banking services as well. The availability of several banking services makes it a one-stop-shop for the users.
The various types of payment methods supported by the platform include:
- Apple Pay
- Bank transfer
- Blueshift
- BPay
- Credit/debit card – Visa, MasterCard
- Cryptocurrency transfer
- iDeal
- KaKao Pay
- Payid
- Payoneer
- PayPal
- Poli
- Qiwi
- SEPA
- Skrill
- UPI
- Western Union
Customer Support Offered
The customer support offered by an exchange is one of the top attributes of a platform and should be analyzed by all interested parties before it is chosen. If a platform offers high-end customer support services then buying or trading crypto can be easier and less stressful for you.
The customer support services offered by OKEx are available around the clock. It also offers extensive support capabilities that make the overall experience of using the platform even more convenient. The customer support agents are also easy to access and are available to assist the users in case of any query or concern.
Safety of the Platform
The safety offered by the exchange is also one of the most crucial aspects that needs to be considered by every user before they opt for a platform. The level of safety offered is one of the factors that can positively influence the type of experience you have while using the platform.
As a new trader or investor you need to know that the crypto space poses some safety risks that can be minimized if you opt for a secure exchange. Therefore, if you want to use the OKEx exchange you should know the level of safety it offers.
It makes use of some of the best security systems some of which are:
- Email verification codes
- Two-factor authentication (2FA)
- Mobile verification codes
Is OKEx Available in the USA?
OKEx USA is not available for use as the platform does not extend its services to the States due to regulatory strictness in the country. Along with OKEx United States, there are several other countries including Hong Kong, Cuba, Malaysia and Bolivia where the exchange is not available for use.
Therefore, OKEx US customers need to look for a different crypto exchange that suits your needs and is available in your country or region.
Key Takeaways!
OKEx is one of the top platforms that is known to offer some of the best features to the users. As a potential user of the exchange, you should know the features it offers some of which are mentioned above.
