OKEx Exchange: A Comprehensive Guide for Traders
If you’re a cryptocurrency trader looking for a reliable exchange, then you might want to consider OKEx. Founded in 2017, OKEx has grown to become one of the largest exchanges in the world in terms of trading volume. In this article, we’ll take a closer look at OKEx Exchange and what it has to offer.
History and Background
OKEx was founded in 2017 by Star Xu, a renowned Chinese entrepreneur. It started as a subsidiary of OKCoin, a Bitcoin exchange that was launched in 2013. However, due to regulatory issues in China, OKEx relocated its headquarters to Malta, a crypto-friendly country.
Features of OKEx Exchange
OKEx offers a wide range of features to traders, including spot trading, derivatives trading, and margin trading. It supports more than 100 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Additionally, OKEx has a user-friendly interface, which makes it easy for beginners to use.
Security is a top priority for OKEx. To safeguard its users’ funds, OKEx implements sophisticated security measures, including two-factor authentication (2FA), cold storage, and multi-signature technology. Furthermore, OKEx has a bug bounty program that rewards users who discover security vulnerabilities.
Trading Fees on OKEx Exchange
OKEx charges low trading fees compared to other exchanges. Its maker fee is 0.1%, and its taker fee is 0.15%. Additionally, OKEx offers a fee discount for users who hold OKB, its native cryptocurrency.
OKB is the native token of OKEx, which is used to pay trading fees on the exchange. It also provides users with various benefits, such as fee discounts, voting rights, and access to exclusive events. OKB has a market capitalization of over $10 billion, making it one of the top cryptocurrencies in the market.
OKEx Academy is a platform that provides educational resources for traders, such as trading strategies, market analysis, and tutorials. It aims to help traders improve their trading skills and stay up-to-date with the latest developments in the market.
OKEx Mobile App
Users can engage in trading while on the move through OKEx’s mobile application.The app is available for both iOS and Android devices and offers all the features of the desktop version, including spot trading, margin trading, and derivatives trading.
Customer Support on OKEx Exchange
OKEx offers 24/7 customer support to its users. Users can access OKEx’s support team through live chat, email, or phone.Additionally, OKEx has a comprehensive FAQ section that provides answers to common questions.
OKEx Regulations and Licenses
OKEx is a regulated exchange and has obtained licenses from various regulatory authorities, such as the Malta Financial Services Authority (MFSA) and the Korean Financial Services Commission (FSC). It ensures that the exchange complies with the regulatory requirements of the countries in which it operates.
In conclusion, OKEx Exchange is a reliable and user-friendly exchange that offers a wide range of features to traders. It has a strong focus on security and offers low trading fees compared to other exchanges. Additionally, its native token, OKB, provides users with various benefits. Whether you’re a beginner or an experienced trader, OKEx is worth considering as your next exchange.