OKX Exchange: Buy Bitcoin & other cryptocurrencies

One of the initial steps of making your first investment in the crypto market space is to pick an exchange that aligns with your trading needs. While some traders may look for an exchange with low trading fees, while others may look for an exchange that is highly secure. But, what if you find all these much-needed features in a one-single platform?

Well, there is this exchange which is known as OKEx exchange that is counted among the Top 20 renowned crypto exchanges in the world. Yes, that's true and you'll be glad to know that the platform is already being used by a lot of people for buying and selling a variety of crypto assets.

Are you also planning to use this exchange for the same purpose? Well, if that is the case, you might be interested to know more about it. So, today, right here in this post, I will be sharing all the crucial aspects of this platform that you must know before starting to use it.

What is OKEx exchange?

Just like other crypto exchanges that have made their prominence in the cryptocurrency trading market, OKEx exchange is also one such exchange that allows you to trade crypto assets without facing any kind of hassle. It simply is just not an exchange but also an exchange that works on the international level and comes with very low trading fees. In addition to that, there are several other reasons that would help you have clarity in your mind and take your decision in favor of this crypto exchange. So, without wasting any more time, let's take a look at those features.

Why opt for OKEx exchange? Should you use it?

Well, every online platform has its own pros and cons, the same is the case with Okx exchange. However, there are some definite reasons, why one would want to use this platform for trading crypto assets:

Now that you have got ample details on what this exchange is and what services it offers, it is time for you to decide whether you wish to use this exchange or not. If you have made up your mind, you can go ahead with applying the steps explained below to create a new account at OKEx exchange.

Easy-to-follow steps to sign up on the OKEx exchange

Account registration on OKEx is as easy as a breeze and would only take a few minutes to complete. Here is what you can do to create an account for yourself:

Are you not able to sign into your account on the OKEx exchange? Well, in that case, I would suggest you take a look at the steps that I have explained below to show you how you can access your account.

Signing into an OKEx exchange account

Logging into an account that you have created on the OKEx exchange takes only a few minutes. All you need to do is apply the steps that are listed below:

Note: You may also use the option to sign in using your "Telegram" or "Google" account.

Is OKEx exchange safe?

After taking into consideration the reviews and feedback of the users, it would not be wrong to say that OKEx is a crypto exchange that uses top-notch or industry-level security measures to safeguard users' accounts from getting hacked.

Along with an exchange, it also comes along with a cold storage facility where users can securely store their purchased crypto assets.

Conclusion

If you are looking for an easy-to-use and efficient crypto exchange, then you'll definitely end up choosing OKEx exchange for this purpose. The first thing that you are supposed to do for utilizing this exchange to its full potential is to set up an account on it. And, we have already provided you with enough instructions on the same.

FAQ

How much is OKEx exchange withdrawal limit?

The withdrawal limit on Okex exchange depends completely on the type of account you are using. There are different withdrawal limits for verified and non-verified Okex exchange users. To check the withdrawal limit, you can sign into your account and go to the "Account" > "Withdraw" section. The per transaction limit for BTC is 100 and its daily transactional limit is 500 BTC. Similarly, there could be different limits for different crypto tokens. To know more about the withdrawal limits, you can navigate to the official Okex website.

How much can I withdraw from OKEx without KYC?

If you have not completed the KYC process on the Okex exchange, it means that you are an unverified account holder. This means you will have unrestricted withdrawal limits on the Okex exchange. Currently, level one user may withdraw a maximum of 200 BTC in a single day. To increase this limit, we suggest you become a Level Two member on the Okex exchange by verifying your identity. For this, you will need to provide your Photo ID to the exchange. And the same withdrawal limit on OKx would then be 500 BTC.

How much is OKEx transfer fee?

The OKEx exchange works on the Market Maker and Taker fee model. If you are interested to know the transfer fee which is followed by Okex, then you need to understand the fact that it charges a fee of 0.1% for Market Makers. On the other hand, this fee is 0.15% for Market Takers. By following this fee model, the exchange has made a competitive position in the crypto trading marketplace. If you wish to know more about this fee, then you may navigate to the official website of the exchange and visit the "Fee" section available there.

Is OKEx a wallet or exchange?

Those who have been using or know a little about OKex would definitely know that it does offer both wallets as well as exchange services to its users. To use the wallet services, it is not necessary to have an account on their exchange. And the same goes for accessing the exchange services. These services can be utilized separately as well as together. To use the wallet, you can download its web extension or mobile app. And to use the exchange services, you can simply create an account on their official website.

Is OKEx cheaper than Binance?

For finding out the apt answer to this query, you probably need to understand the fee structure that both exchanges follow. First of all, you need to keep in mind, that both these exchanges work on the Maker and Taker fee model. So, we can easily compare the two by referring to the maker and taker fees charged by these platforms. The Maker fee charged by both exchanges is 0.02% which gives us no point of comparison. On the other hand, the maker fee on Okex is 0.05% while the same is 0.04% on Binance. This simply means Binance is cheaper than Okex.