OKEx exchange: A reliable companion for your crypto trade

 

OKEx exchange is an international cryptocurrency exchange rendering its services at a relatively low cost. The Seychelles-based exchange serves crypto investors all over the globe except the U.S. It can be a good choice for investors looking to buy, sell or carry out the trade with the crypto assets. The exchange was introduced years back in 2017 and holds up about 300+ cryptocurrencies.

Due to some regulatory and compliance concerns, the exchange doesn’t offer its services to the U.S. In addition to allowing users to deal in cryptocurrencies, the platform also offers margin trading, staking, cryptocurrency-backed loans, mining pools, and its own blockchain called “OKExChain”.

Key takeaways of the exchange at a glance

·         The OKEx exchange is listed among the top 20 cryptocurrency exchanges worldwide

·         The exchange holds up on a large number of cryptocurrency coins

·         Offers Defi services to let the users stake and borrow using crypto as collateral

·         The platform offers high-yield staking options

·         Users can enjoy earning discounts on trades, a home of OKB token

After having a look at the specifications of this exchange, the next important aspect that the investors have to analyze is the positive and the dark side of this exchange. These aspects play a vital role in determining the functionality and the way the exchange caters to its investors or traders.

So, to get a rough idea about the plus and the minus points of the exchange, we will have a look at the pros and cons of the exchange.

Positive aspects of the exchange

·         Charges low trading fees that range up to 0.10% or less than it for most traders

·         On certain staking options, users can yield more than 100% annual rate of interest

·         Users can enjoy simple crypto trade with the use of debit or credit card, bank account transfer, and other supported options

Negative aspects of the exchange

·         Do not offer services in the U.S.

·         Some cryptocurrencies are traded with low liquidity level

·         Reviews by the previous investors do not give a positive response

Overall the platform renders simple and hassle-free trade that is favorable for all levels of investors be it novice, intermediate, or expert investors.

What are the crypto coins and tokens supported by this exchange?

There are over 300 cryptocurrencies supported by the exchange and to cover them all in this read is quite an uphill task. So, we are hereby listing some of the most popular cryptocurrencies based on the volume of their trade on this platform. They are as follows:

·         Bitcoin

·         OKB

·         Ethereum

·         Avalanche

·         Solana

·         Polygon

·         JUST

·         XRP

·         Dogecoin

·         Polkadot

If you are looking for any currency other than the one listed above then you can navigate to the official page of the OKEx exchange and can do a comprehensive study of the same.

How to commence working with OKEx exchange?

If you have gone through the working of other cryptocurrency exchanges then it would seem much simple to you. To embark on trade with this platform is similar to the other cryptocurrency exchanges. The very first step is to get yourself enrolled with the platform in order to get yourself recognized in this trading journey.

It includes KYC (know your customer) verification of the investor, comprising the investor’s basic information followed by uploading the photo of the trader. Thirdly, the user has to give his consent to the exchange’s disclaimer.

The information that you have registered with the platform will be considered to the best of your knowledge and on the basis of this, the individual is allowed to trade and invest in these digital assets. Users can easily manage their trading account through its mobile application by simply completing the OKEx exchange login process, offering investors to earn cryptocurrency and achieve financial goals.

Winding it up!!

OKEx exchange is suitable for all investors including novice ones also. The platform has also designed a team to provide assistance to users in need. The investors can get guidance from the specialized team via the help page and chat. In addition to this, users can also connect with this team over the call by simply dialing the number listed on the official page of the exchange.