It has a huge focus on safety and security, and has developed its own sophisticated security measures. The list goes on and on, but it’s safe to say it’s the highest safety you’ll find with a crypto exchange, and there’s never been any issues to date. OKX is a well-designed exchange that offers features designed to appeal to all crypto enthusiasts. The platform offers excellent charting capabilities, which include multi-screen support and advanced drawing tools.
According to OKX, its semi-offline servers cannot be compromised — even if physically attacked. That’s because a user’s private key is stored in the server’s temporary memory file, not a permanent hard drive. If you’re ready to get started, get a free mystery box worth up to $10,000¹. On Apple, there’s thousands of reviews and it’s got a score of 4.8 out of 5 (14,600 reviews).
There is always a risk when investing in crypto that the exchange could be hacked and funds lost. However, the firm has implemented various security measures to mitigate this risk. OKX has expanded beyond being just a crypto derivatives trading platform and is now exploring various avenues in the crypto space.
- Through such a thorough testing process, we aim to provide readers with a clear and informative perspective on OKX, enabling them to make informed decisions about their cryptocurrency trading activities.
- While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process.
- Since the breach, Binance has substantially increased its security protocols and there have been no issues since.
- You likely won’t recover any funds if you accidentally send funds to the wrong wallet address.
- Advanced verification lets users deposit as much as they want and withdraw $10 million daily, but requires a photo ID, selfie, proof of address, and funding information.
- To buy more complex assets, you’ll have to wade through some deeper thickets, but none that should seriously trip up an intermediate trader.
For those of you who like to code trading algorithms or use trading bots, you will be happy to know that OKX has a pretty robust API with a number of endpoints. MetaX, also referred to as simply the OKX Wallet is a smart wallet that supports multichain features with over 15 different blockchain networks and over 1000 DeFi protocols. Perhaps the most user-friendly https://www.tokenexus.com/ manner is to use the options Discovery tool. This allows you to hone in on the ideal option for your trading conditions. If you want to trade perpetual swaps, it has much of the same UI as the Futures instruments. Once you are done setting up your futures trading account, you can begin trading once you have moved funds over from your trading account.
Is OKX A Good & Safe Exchange?
As with other exchanges, the OKX exchange fee structure on the platform depends on whether an investor is a market maker or a market taker. Since capital size matters, most traders are market takers and thus have a certain fee structure similar to OKX competitors. Their free academy is one of the best places to learn more about crypto and crypto exchanges, it’s got fantastic information, clearly explained and even walkthroughs on how to do everything on their platform. 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.
Users can trade 300+ crypto coins and tokens on OKEx, with over 30+ fiat currencies supported. Binance also offers substantial security features which the user can deploy on their accounts for added safety, and has published its proof-of-reserves, showing that user assets are adequately collateralised. Automated crypto bots have become valuable tools for experienced traders.
OKX Exchange Review: Registration
OKX did not want to compromise the funds of their users and was communicating with their users during this time. From overall general feedback, it seems that the customer support does an adequate job according to reviews from users, with most users generally giving OKX favorable experiences. Because of the simplicity of the design, seeing these tabs okex review do not feel overwhelming. Since the ‘More’ tab does not pressure the user, new users can go onto the site without feeling like any of these extra features are required. Experienced traders will notice they have plenty of options to utilize to their advantage. The trading graphs are where you can see higher detail when it comes to aesthetics.