OKX is a well-rounded cryptocurrency exchange offering most products available in the market right now. It is available in most countries worldwide (with the exception of a few countries like the United States) and offers its customers the ability to buy crypto through credit cards. Although customers have complained about the support system and there have been rumors about possible hacks, it seems that the exchange https://www.tokenexus.com/ is prospering despite any concerns. OKX allows users to take advantage of creating additional revenue streams via its “Earn” suite of products and services. The exchange features DeFi-oriented features, like token staking and providing liquidity to lending pools. For users that are more risk-averse, OKX offers savings products-including stablecoin, Bitcoin, and other coins-in flexible and fixed variety.
Special Features
This ensures that users have substantial flexibility when deploying their investment strategies. The OKX app supports buying crypto with a card directly from your mobile. All you need to do is click the “buy” button which is accessible on multiple screens, select the crypto to buy and enter your card details to complete the purchase. It’s important to minimise the risk of fraud on a cryptocurrency exchange.
OKX Review Mobile App & PC Client
- Like most crypto exchanges, it instead takes a small percentage of every trade on the platform.
- OKX also has an academy that features a variety of short guides and articles that cover the basics of crypto, as well as how to get started on the OKX platform.
- Although OKX definitely has a lot of competitors at the top, the exchange does have a lot of unique features and simply offers enough variety of products to compete with basically anyone.
- The OKEx exchange boasts highly robust futures contracts that prevent traders from buying and settling coins.
The hack did not impact the security of user funds on the centralized exchange. Despite its selectiveness, the OKX exchange occasionally lags in listing trending assets. For instance, it missed the initial hype of TIA, a setback balanced by promptly adding Jupiter (JUP) to its roster. This approach reflects a focus on sustainability over short-term trends.
OKX (Previously OKEx) Review: Customer Support
You can also select “Margin Trading.” This will allow you to use leverage to try to amplify returns when trading in futures, advanced options, and perpetual swaps. The advanced service allows professional traders to engage in sophisticated transactions involving multi-currencies to maximize profits. OKX offers advanced financial services as well as excellent primers for anyone new to crypto. It boasts an impressive list of services that include flexible borrowing and ways to earn interest on staked tokens. OKX provides simple and complex trading tools and, if you’re interested, an on-ramp into proof-of-work crypto mining and DeFi liquidity mining.
- 74% of retail investor accounts lose money when trading CFDs with this provider….
- Some users report slow response times, though I cannot say I found the support times too terrible.
- The OKEx platform recently introduced the C2C loan arrangement, where users can borrow through customer-to-customer financing.
- Although the company still maintains its Hong Kong office, it has its headquarters in Malta, given the friendlier regulations regarding crypto trading.
- These include the likes of the United States, sanctioned countries, and a list of other regions.
- Overall, the OKX App is a reliable, highly functional, and secure cryptocurrency trading platform with a range of advanced trading features and crypto products.
- While your money is locked up for a chance at a 10% return, you can make a guaranteed 10% or more through savings and staking.
