This exchange site also has an extensive FAQ section that handles the most common issues. There have been several complaints of a slow response rate, especially on email, but you can also contact them faster on their live chat feature. If you decide to purchase digital currencies using your credit or debit card, then be prepared for the 1.99% fee.
I hope this article helped you in your search to find the perfect exchange for you. Honestly, both of these exchanges are operating at the highest levels, and most users would be pleased with either choice. Along with Kraken and KuCoin, OKX is one of the nicest platforms to participate in these auctions, where the platform handles the complexities regarding things like token lockups, fees, release dates, etc. The Earn section includes low-risk and simple products like staking and savings, to more advanced, riskier, and higher-return products like Dual investment. OKX also provides an easy-to-use Convert feature for traders who are looking for the most hassle-free way to trade with one click.
Features and tools
The company follows standard security procedures, like 2FA and many more that can be found in the section below. They have a respectable rating when it comes to security as measured by CryptoCompare. But if the platform’s mission is to ‘eliminate financial barriers’ and ‘evolve the global economy’ https://www.tokenexus.com/okex-exchange-review/ then its design is simple, neat, and gets the job done. OKX was initially registered in Hong Kong, China, but shifted its base of operations to Seychelles in order to adhere to international regulations. However, in 2023, it applied for the Virtual Asset Trading License to operate in Hong Kong.
It is worth mentioning that OKX, formerly OKeX, is branched out of OkCoin, which is owned by the China-based OK Group, founded by Mingxing Star Xu. Also, once you have the right crypto — the one you can convert to fiat — OKX’s crypto converter calculator lets you calculate the precise fiat rates before you off-ramp. You can locate a variety of projects, invest in them using OKB tokens, and start riding the web3 bandwagon.
OKX X1
It offers extensive features and implements standard security measures to secure users’ funds. While the most basic ones include spot and futures trading, you can even access the staking features to generate wealth using the already-held cryptocurrencies. Additionally, it also lists promising web3 projects for you to invest in early.
