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Is Okex Fly a scam? Or is Okex Fly legit?’

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okex review

The company is known for providing a safe and secure environment for digital asset trading. The company behind both of them is based in China and focuses primarily on the domestic market. OKEX offers extremely low trading fees when compared to the competition. That being the case, only three coins are available for trading. The addition of futures contracts may be nice for miners willing to hedge their “crops”, although we would not recommend trading in them unless you are very experienced.

Is OKEx safe?

OKX is in the top five listed cryptocurrency exchanges, with a good reputation for enhanced security and user experience. The platform is suitable for all levels of crypto traders and enthusiasts wishing to trade, exchange, buy, sell and hold digital assets.

The professional and expert interfaces offer more advanced features, such as trading charts or order management tools like stop losses. Additionally, the interface is fully customizable with no default shortcuts to minimise distractions when you are busy doing something else. OKX offers nine different live accounts depending on your needs.

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Dear Amin Bouguila,Thank you so much for your kind and positive feedback! We truly appreciate you taking the time to share your thoughts about our product. Your words have brightened our day and inspired us to keep delivering the best we can.We are thrilled to hear that you enjoyed OKX Wallet. Please feel free to reach out to us if you have any further feedback or if there’s anything else we can do to enhance your experience.Once again, thank you for being a valued part of our community.

We’re thrilled to hear that you find our newest version’s UI/UX to be really good. We’re constantly working to simplify the interface while still providing all the necessary features. We’re glad to hear that you’re enjoying the trading experience on OKX. Very responsive and supportive customer service, I have had successful investing and I appreciate their help. We would like to inform you that KYC is a fundamental requirement mandated by global regulators for both exchanges and their customers.

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One of OKEx’s many benefits is that the platform supports different coins and currencies – whether for payments, transactions, or trading activities. The company initially operated out of China, but it moved to Hong Kong in 2017 after the Chinese government instituted a ban on trading Initial Coin Offering (ICO) tokens. Cryptocurrencies are speculative and investing in them involves significant risks – they’re highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. This content shouldn’t be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks.

okex review

The OKX exchange offers one of the safest platforms on the market, securing clients’ crypto in both hot and cold wallets. Margin trading gives you access to margin, perpetual swaps, futures and options, while the trading bot allows you to deploy trading strategies designed to work in both bull and bear markets. OKEX is one of the few crypto-exghanges which offers a stand-alone desktop platform. While you may be used to browser-based trading, there are a few advantages to having a separate piece of software. Most notably, if you are running on low to middle end hardware and like to open multiple tabs, you have probably already ran into memory issues.

OKEx Tools & Features

Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers okex review that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services.

okex review

We appreciate your support and look forward to continuing to provide you with a great experience on our platform. Verification is also an essential one for everyone.But sometimes this OKX ask for reverification after two or three months.What for? OKCoin is part of the OKX ecosystem and offers a simpler exchange platform for buying https://www.tokenexus.com/sell-bitcoin/ and selling cryptocurrencies, which is also available to people living in the US. As an OKX user, you can receive a 40% discount on all trading fees. To enjoy this benefit, you need to provide your personal name and email address. Additionally, you’ll need to add SMS authentication or a 2-factor authentication to your account.

OKEx uses a buy-back scheme to slowly burn the 300 million circulating supply of OKB tokens every 3 months. This is done to drive up the token price by reducing the quantity of the tokens available publicly. You can check the exchange’s complete list of supported coins on the exchange’s Markets page. If you are unsure you should get independent advice before you apply for any product or commit to any plan. Whilst crypto trading isn’t regulated in the UK, the Financial Conduct Authority (FCA) maintains a register of crypto firms that have passed its AML and counter-terrorism checks.

  • As the derivatives market is restricted for UK retail traders, most investors will focus on the spot market.
  • Investors can look at historical funding rates to get an indication of the amount.
  • While OKCoin focuses on purely buying and selling digital assets and ICO tokens, OKEx provides a more sophisticated offering for advanced traders.
  • The platform, which describes itself as ‘an innovative cryptocurrency exchange with advanced financial services’ offers hundreds of tokens and trading pairs to choose from.
  • OKEx also offers an earning platform where users can earn interest on their crypto portfolio.

I got all they stole back through.ALDWYCHSECURITIESwhich i eventually received what was due to me. their well-organized strategy for reclaiming me out. Additionally, the crypto exchange will support high-quality projects with great potential through the OKEx Blockdream Ventures fund. The Crypto Adviser is a UK-based Bitcoin consultant and cryptocurrency blog with clients around the globe. Once you familiarise yourself with the trading options available, OTX is breeze to navigate and should be accessible to even novice users. This differs to buying tokens in offerings in that it’s effectively liquidity mining as you get your staked assets back at the end of each campaign.

OKEX Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker in this OKEX Review. OKEx doesn’t ask for identity verification for basic transactions. However, you will need to complete the exchange’s KYC processes if you want to make transactions exceeding 200 BTC daily. So if you are looking for the best online broker to invest in crypto, you can trust eToro to give you the access you need. 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.

Signing up is a piece of cake and is a lot slicker than other platforms I’ve used. Business Money’s proven marketing platform, specialist reports and accomplished consultants are industry leaders. Sign up to our Newsletter for exclusive offers and announcements. While this brings some assurance, in terms of security, it does not guarantee this will not happen in the future.

Offers & advice direct to your inbox

You get a wallet address for every token you’re looking to deposit, and you can make your deposits directly whenever you want. If you palace an order into the order book, you’re a “maker” and will pay a lower fee. The reverse is the case for “takers,” who take the trades of others.

Is OKX banned in the US?

OKX Restricted and Banned Countries

OKX has restricted lots of regions like the USA, Canada, Singapore and more. According to section 2.2 of OKX's terms of service, the following countries are prohibited from using OKX: USA (including all USA territories) Canada.

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