7 Benefits of Using OKEx Exchange Every New User Should Know

OKEx Exchange
7 Benefits of Using OKEx Every New User Should Know

OKEx was established in 2017 in Malta by JayHao. This is one of the leading crypto exchanges in the market that allows users to trade a wide variety of futures trading pairs and crypto tokens. Not only this, but the platform has gathered a vast audience interested in crypto trading with millions in traded volumes on a daily basis.

This platform offers numerous high-end features that are of interest for people looking to trade crypto. One of the factors is that the OKEx exchange has a wide selection of tradeable assets. This makes it easier and possible for the interested parties to opt for derivatives and spot trading.

In short, this exchange is one of the best ones in the market, which can be more evident by taking a look at the benefits it offers to the users as seen below.

OKEx Supports Leverage Trading

Leverage trading is one of the most popular trading strategies in the market and is opted by a vast audience. It is especially popular among people who have some prior experience in trading. However, it is also grabbing the attention of inexperienced traders.

As a new trader, you need to be familiar with the concept and its ups and downs before you begin because leverage trading is a high-risk venture.

Leverage trading basically allows traders to borrow funds from brokers, which helps them open bigger trading positions. The borrowed amount is called leverage. Since the trading positions are bigger, they offer bigger rewards as well as bigger risks, depending on how the trade goes.

OKEx offers one of the highest leverages in the market, which is up to 100x.

Wide Selection of Assets

As mentioned above in OKEx review, the platform supports a multitude of cryptocurrencies. It is an all-inclusive crypto exchange with more than 140 digital tokens available on the platform. It also includes 400 BTC and USDT trading pairs along with OKB, which is the native utility token of the exchange.

The OKB token offers several trading bonuses and benefits to the users of the platform.

User-friendly Interface

Another benefit of the exchange mentioned in this brief OKEx exchange review is its user interface, which is simple, straightforward and easy to navigate. OKEx platform aims to make crypto trading easier and less intimidating for all interested traders, which is why the user interface is interactive and allows users to benefit from the following features on the main screen:

  • A buy/sell panel
  • A trading panel with open orders and history
  • Market order depth
  • Trading view chart
  • Transactions

Excellent Customer Support Services

If you are new to crypto trading then choosing an exchange that prioritizes the satisfaction of customers can make quite the difference. The customer support services offered by OKEx is one of its best features.

The customer support team has extensive support capabilities and is available to assist the customers 24/7. The customer support agents are available to assist the users in resolving any kind of technical or trading problems and are accessible through different mediums.

However, the OKEx US customers should know that these services do not apply to them because the platform does not extend its services to residents of the United States of America.

Low and Fair Fee

Unlike some other platforms in the crypto market, the fee structure of this exchange is not only low but free of hidden charges as well. OKEx fees is charged according to the market maker and taker fee model and is a prominent aspect of the platform.

The traders using OKEx are not required to pay any fee for making deposits, however, a withdrawal fee is required, details of which are mentioned below.

  • Withdrawal fee of 0.0005 BTC for BTC
  • Withdrawal fee of 0.01 for ETH
  • Withdrawal fee of 0.15 for Ripple

Support for Various Banking Services

OKEx stands out among its competitors due to the high-end features it offers to the users. These features aim to make crypto trading easier and hassle-free for the interested parties. One of the ways it offers convenience to the users is by offering support to a multitude of banking services and payment methods.

Thanks the options mentioned below, this exchange is a one-stop-shop fiat on and off ramp.

  • 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

Where is OKEx Available?

It has been established above that OKEx United States is not supported. However, the exchange offers its services to more than 100 countries around the globe.

Apart from OKEx USA, the platform also does not support some other countries including:

  • Iran
  • Bangladesh
  • Cuba
  • North Korea
  • Ecuador and more

Conclusion!

OKEx is one of the top cryptocurrency exchanges in the market and offers some high-end features that facilitate the interested parties in trading crypto. If you are looking to use the platform you should know the details mentioned above.