The OKX CEO JayHao had a background in game development and the semiconductor industry before joining the crypto space. In 2018, the exchange expanded operations to Malta, which adopted a crypto-friendly approach. The support is good too, and there’s tonnes of resources to learn from about trading and crypto. It’s been around for a long time in the crypto world and is very much established. You might not be familiar with Dapps, but as you learn more about crypto, they’re what it’s all about – running apps on a blockchain (a crypto network, like Ethereum).

Since capital size matters, most traders are market takers and thus have a certain fee structure similar to OKX competitors. EToro is one of the best trading and investment platforms out there – it’s easy to use, low cost and has a huge range of investment options to choose from. It’s super popular around the world, suited to every type of investor, with a huge community you can get involved with, learn from and copy their trades. In all, OKX is an excellent platform in almost all aspects when we consider trading availability, costs, fees, and the depth of markets they provide. Within these categories, they can certainly rival some of the very best in the industry and often come out on top. This is further demonstrated by the high volumes regularly traded on the exchange.

Opening an OKX Account

After logging into the mobile version of the OKX crypto exchange, customers are presented with a dashboard showing the platform’s top assets and any ongoing promotions. A hamburger menu is in the top left corner, and a navigation bar with links to key features is available at the bottom of the screen, making navigation easy even for those new to OKX. OKX can be intimidating for newer traders because it offers many features tailored to people who frequently trade.

We apologize for any inconvenience you’ve experienced with our customer service and dispute resolution process. We’re committed to investigating matters like this thoroughly and taking appropriate action to ensure the safety and integrity of our platform. Your feedback is valuable to us, and we encourage you to reach out to our support team again with any additional details or concerns you may have. We want to work with you to resolve the issue and improve your experience. Our goal is to foster a trustworthy and secure environment for all users, and we appreciate your patience and feedback in helping us achieve that goal.

How OKX works

Projects are only available on Jumpstart for a brief time, often a few weeks to a couple of months. However, with some posting historical returns of up to 17,000%, Jumpstart provides an intriguing way for OKX customers to invest their OKB tokens. One of the best ways to invest in new cryptocurrencies before listing is through Initial Coin Offerings (ICOs), as they enable users to buy at the earliest possible stage and often for a discount. OKX has released its own project launchpad called OKX Jumpstart, which has raised over $120 billion since launching in December 2020. It is their user who will be using the bank to transfer funds to their OKEx account.

We will also compare the exchange to other top exchanges in the industry. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels. Cryptocurrency exchanges have some unique security concerns you don’t typically face with traditional banking platforms. However, the best practices for keeping your financial accounts secure are similar.

Account Types

If you have any specific ideas or suggestions on how we can improve giveaways and rewards, please feel free to share them with us. Your input is valuable to us as we work towards delivering the best experience for our users. For basic functionalities such as exploring the platform and certain low-volume transactions, users may be able to use OKX without completing full KYC verification.

Traders can either deposit funds by purchasing crypto (using a bank card, Apple Pay, bank transfer, payment provider or P2P trading) or deposit directly from an external wallet or exchange. Beginners that have never invested in crypto before will need to purchase it. Our review found that others may find it cheaper to deposit directly from their own wallet, as OKX does not charge fees for this.

OKX Feature Comparison

To prevent its customers from wasting their money while learning, OKX offers all users a free crypto demo account to place trades at live market prices. This makes it possible to test strategies quickly without spending real money, which makes trading far okex review more accessible to those without experience. As of 2021, 410 employees work to provide OKX services that reach millions of users in over 100 countries. With daily BTC futures trading volume around USD 1.5 billion, users now have a wide array of tools.

• Unfortunately, the Bank of Pakistan has prohibited dealing with cryptocurrency since April of this year.
• More specifically, users can earn interest on their trading portfolio through decentralized finance options such as staking, and maximizing potential profits on an annual basis.
• Its commitment to transparency and innovation has established OKX as a trusted platform within the crypto community, providing users with a seamless and secure trading experience.
• Built by OKCoin, an early Chinese exchange, the Hong Kong company OKX moved to Malta in 2018.
• There is also a blockchain glossary dealing with questions such as ‘What is a private key?

Typically, the coin is used to determine and pay trading fees. However, it also allows users to vote on platform development and governance. Holders can stake the token for rewards and access other platform incentives. https://www.tokenexus.com/ Depending on how many OKB tokens a user holds, OKX may issue discounts of up to 40% on transactions. The OKX wallet gives users complete control over their crypto assets, including access to their private keys.