OKEx is a well-known cryptocurrency exchange that offers some of the best features to the users. It has now achieved a lot of recognition and growth and has grabbed the attention of a large customer-base. One of the topmost features of the platform is that it offers hundreds of futures trading pairs and cryptocurrencies, which also contributes to the increase in its user-base.
There are several others features you should know about the OKEx exchange, especially if you want to use it for buying or trading crypto. The more details you know about the platform, the easier it will be for you to determine whether it matches your criteria and suits your needs or not.
Therefore, as a potential user you should know the advantages of using the exchange mentioned here.
OKEx Charges a Low Fee
The fee charged by the exchange is one of the factors that makes it stand out among its competition as it is known to be fair, transparent and lower than most. The fee structure of any exchange is an essential aspect to consider, especially for people who are new to the crypto space.
This is because there are crypto exchanges that do not offer a fair fee structure and often include hidden and additional charges that put the security of the platform in question.
However, the OKEx fees is lower than most platforms as mentioned above and is dependent on whether the investor is a market maker or a taker. Following are the details of the fee charged by the platform that follow a ‘tier’ system.
- 0005 BTC withdrawal fee for Bitcoin
- 01 withdrawal fee for Ethereum
- 030% to -0.080% trading fee for VIP users
- 15 withdrawal fee for Ripple
- 15% spot trading fee
- For futures contract, taker fees ranges from 09% to 0.15%
- No fee for deposits
Excellent Customer Support
OKEx is one of the platforms that is known to offer an impressive customer support system. This is a leading and deciding factor for many, especially for people who are new to the crypto space. As a beginner, it is understandable that you may come across some challenges and obstacles, which can complicate the overall experience of buying or trading crypto.
This is why, this brief OKEx exchange review focuses on the customer support services offered by the platform.
They are easily reachable for the users through different mediums and the users can also avail a “live chat” to immediately get a response. There is a section as well that focuses on all frequently asked questions.
The customer support offered by the exchange is available around the clock and can help the users in solving any issue regarding trading or technicalities.
Trading with Leverage
Leverage trading is a highly popular form of trading that is supported by numerous exchanges in the present time. However, people who are new to crypto trading should not choose just any exchange for trading with leverage, especially if they lack the relevant information.
Leverage trading refers to a form of trading where you can borrow funds from your broker and place bigger trades without investing a big amount from your own pocket. This can enable you to get huge profits or huge financial losses, depending on how much you know about leverage trading, which exchange you choose and a few other factors.
However, if you want to use OKEx, then you need to know that it supports leverage trading and if you are familiar with the concept you can use this exchange. This platform also offers one of the highest leverages in the market, which is up to 100x.
Wide Range of Assets Available
As mentioned above in this brief OKEx review, this platform offers a wide range of assets that the traders can trade. The variety of digital currencies available on a platform can really help it stand out among other crypto exchanges in the market. As a potential user of the OKEx exchange, you can get the benefit of choosing from a multitude of assets, which are not available on every crypto platform.
PayPal is one of the largest financial technology companies in the market and has a wide customer base. The platforms that support PayPal as a method of payment draws in the attention of a vast audience.
Therefore, if you want to use OKEx and are a user of PayPal as well then this can be an added benefit for you.
OKEx is among the top crypto exchanges in the market and offers impressive features to the investors and traders. Knowing the features and benefits mentioned above can help you get a good idea about the relevancy and suitability of this exchange for you.