So I deposited it successfully and it went into my account on the exchange. Again I attempted to withdraw and again the AML pops up blocking me from withdrawing my funds. I contact customer support and they tell me they dont know why that it says Im verified on theyre end. So friday morning I wake up and check my account and it says You’ve been banned. They took my $1600, and I had no money to buy my kids anything for Christmas and by banning me they ruined the job that I had just got because now I cant trade on the site.
Make use of the technical analysis and charting tools on the trading platform to better understand any trends or patterns for a particular asset. When opening a position, advanced order types are available, including regular stop orders, trailing stops, triggers orders and advanced limit orders to ensure you sell the crypto at the right time. Kindly note that all cryptocurrency exchanges are required to comply with the new financial promotions regime created by the U.K. Financial Conduct Authority (“FCA”).Accordingly, OKX will be updating its APP and Website to reflect the required changes. Sorry for the inconvenience made., if you require further assistance, please drop us an email at , as our Support Team will assist you over there. OKX (now rebranded to OKX) is among the leading cryptocurrency exchanges that acts as a broker for users to trade hundreds of crypto tokens and futures trading pairs.
Is OKX A Wallet?
Investors can also manage their accounts from the exchange’s app by depositing or purchasing crypto. OKX uses industry-standard security practices, including cold storage for most customer assets. It also has offers additional features like the ability to set up a withdrawal password and anti-phishing codes.
- OKEx is one of the few crypto exchanges on the market to offer not only a mobile app, but a desktop app as well (rather than only offering a browser version on desktop).
- The maker and taker fees for the futures and perpetual markets start at 0.02% and 0.05%, respectively, similar to other popular margin trading platforms we’ve reviewed such as Bybit and Huobi Futures.
- The competitive edge of OKX is further sharpened by its dynamic fee structure.
- Negative reviews mention poor customer service, lost funds, and slow withdrawals.
The APY ranges from 1% to 36.50%, depending on the deposited asset. Its sister platform, OKCoin, was set up to serve the US market, which OKX is not allowed to do because it is not licensed to do so. However, OKCoin only deals in cryptocurrency trading (buying and selling) and ICO tokens. OKX was founded in 2017 by Star Xu and was first known as the OKeX exchange.
Ratings On Other Platforms
It has a huge focus on safety and security, and has developed its own sophisticated security measures. The list goes on and on, but it’s safe to say it’s the highest safety you’ll find with a crypto exchange, and there’s never https://www.tokenexus.com/ been any issues to date. If you’re trading futures and options (which is buying and selling based on the value of a coin, and not the coin itself), the fees start even lower, at just 0.050% taker fees and 0.020% maker fees.
- OKX has got a great marketplace to buy and sell NFTs – which includes all the big brands such as Bored Ape Yacht Club and CryptoPunks.
- My first time using okx p2p, sincerely very good experience.
- I started a job working for a Crypto Investment company that uses this exchange to trade and the first week went great.
- Regular users are tiered into 5 levels based on their OKB holdings and 30-day trading volume, while VIP users are tiered into 8 levels based on their asset balance and 30-day trading volume.
The exchange allows customers to buy BTC, ETH, XRP, BCH, LTC, EOS, TRX and USDT with local currencies easily. There is a 5% fee per transaction and users can pay using VISA or Mastercard. When it comes to cryptocurrency deposits, OKX will not charge additional fees. OKEx is one of the few crypto exchanges on the market to offer not only a mobile app, but a desktop app as well (rather than only offering a browser version on desktop). While the web browser version is potentially a good option for you if you are not an active trader, you may be more comfortable using the OKEx desktop or mobile app for regular use. OKEx provides a mining pool which is a shared group of cryptocurrency miners who combine their computational resources over a network in order to mine digital assets.
How OKX compares to other exchanges
While rumors have circled the internet of a possible hack, the exchange claims that it has never lost investor funds. The platform’s token security is built on a core private key encryption okex review algorithm and industry-standard cold and hot wallet technology. Essentially, it is a handy aggregation method whereby users can earn passive income by holding crypto on the exchange.
