Bitsgap vs OKEx: Fees, Coins, Safety Comparison
| Feature | Bitsgap | OKEx |
|---|---|---|
Overall |
2.2 |
4.5 |
1 |
4.4 |
|
3.4 |
5.0 |
|
3.6 |
4.6 |
|
Investment Instruments |
1.7 |
5.0 |
Platforms and Charting Tools |
1.6 |
4.2 |
Deposit and Withdrawal |
1.8 |
4.1 |
Research |
3.0 |
3.9 |
Education |
1.9 |
4.7 |
Support |
1.9 |
4.1 |
Bonuses |
2.5 |
4.2 |
|
Your capital is at risk.
|
Your capital is at risk.
|
Bitsgap vs OKEx: Pros and Cons
Bitsgap is a young Estonian crypto exchanger founded in 2017 by an enthusiastic team of private traders, security experts, and marketers. Their goal was to create a universal platform, the functionality of which will allow a trader to trade not on one, but on several crypto exchanges at the same time. At the moment, every Bitsgap client can exchange cryptocurrencies on 20 world exchanges, thereby adjusting to the market in real-time. Traders who do not want to trade on their own can connect special bots designed for different tasks and trading styles.
The OKEx crypto exchange is a platform for exchanging and trading cryptocurrencies, that offers over 400 trading pairs, including pairs with fiat funds. Bitcoin, Litecoin, Ethereum, Cardano, as well as other cryptocurrencies and tokens are traded on the platform. Funds can be deposited from debit cards (Visa, MC), bank accounts, cryptocurrency, and e-wallets. There are spot and margin trading, futures, perpetual swaps, options, and DEX. Four investment solutions with flexible periods are presented.
| Bitsgap | OKEx | |
|---|---|---|
| Overall Pros | a wide range of assets comprising more than 600 pairs of cryptocurrencies; | Low trading fees |
| the presence of several tariff plans with different subscription rates, the size of which can be reduced by paying for 6 months of use in advance; | 350+ supported coins | |
| no trading commissions for transactions or additional fees for making a deposit and withdrawing funds; | spot and margin trading, futures and other options; | |
| trading using bots is allowed without additional commissions; | Crypto academy | |
| integration with more than 20 major crypto exchanges; | universal cryptocurrency wallet and mining pool; | |
| a 7-day trial version of paid plans is available without verification; | training academy with detailed courses and guides; | |
| availability of a functional trading platform based on TradingView. | low commissions that are additionally reduced with an increase in trading volume. | |
| Overall Cons | you cannot trade with leverage; | Limited access in the US |
| lack of a license from a reliable regulator; | ||
| no online chat and phone support. |
Bitsgap vs OKEx: Safety and Regulation
| Regulated By: | Bitsgap | OKEx |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Regulated in 3 States in the USA |
Bitsgap vs OKEx: Trading Conditions
| Trading Conditions | Bitsgap | OKEx |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
Bitsgap |
OKEx |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
1300+ |
362 |
Trading Accounts |
4 |
1 |
Base Account Currencies |
USD, EUR, cryptocurrencies |
USD, EUR, GBP and 30+ fiat currencies, crypto |
Bitsgap vs OKEx: Fees
Trading Fees
| Fee | Bitsgap | OKEx |
|---|---|---|
Max Maker |
0 |
0.08% |
Max Taker |
0 |
0.1% |
Min Maker |
0 |
0.06% |
Min Taker |
0 |
0.08% |
Debit/Credit Card Purchase Fee |
0 |
0 |
Futures Trading fees
| Fee | Bitsgap | OKEx |
|---|---|---|
Max Maker |
0 |
0.02% |
Max Taker |
0 |
0.05% |
Min Maker |
0 |
0.015% |
Min Taker |
0 |
0.03% |
Non-Trading Fees
| Fee | Bitsgap | OKEx |
|---|---|---|
Account Fee |
Basic $24/mo, Advanced $57/mo, Pro $123/mo. |
No |
Deposit Fee |
No |
|
Bank Transfer Withdrawal Fee |
Not Allowed |
|
Debit/Credit Card Withdrawal Fee |
Only payment system fee |
|
BTC Withdrawal Fee |
0.0005 BTC |
|
Inactivity Fee |
No |
Bitsgap vs OKEx: Trading Assets
| Asset Name | Bitsgap | OKEx |
|---|---|---|
Overall |
1300+ |
362+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
No |
Bitsgap or OKEx: Investment Programs
| Asset Name | Bitsgap | OKEx |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
Yes |
MAM/PAMM |
No |
No |
Other |
Algoritmic Trading |
P2P loans |
Trading Platforms: OKEx or Bitsgap
| Bitsgap | OKEx | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: OKEx or Bitsgap
| Bitsgap | OKEx | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: OKEx or Bitsgap
| Bitsgap | OKEx | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: OKEx or Bitsgap
| Bitsgap | OKEx | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: OKEx or Bitsgap
| Bitsgap | OKEx | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
Bitsgap vs OKEx: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Bitsgap | OKEx |
|---|---|---|
Bank Transfer |
No |
No |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
Bitsgap vs OKEx: Research
| Research Type | Bitsgap | OKEx |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
Bitsgap vs OKEx: Education
| Education Type | Bitsgap | OKEx |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
Yes |
OKEx vs Bitsgap: Support
| Support Features | Bitsgap | OKEx |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
No |
No |
Bitsgap vs OKEx: Crypto Bonuses and Promo
| Promo | Bitsgap | OKEx |
|---|---|---|
Crypto Bonus |
Temporary bonus offers |
100 satoshi for Make a demo trade,Subscribe to an Earn product, Trade any amounts of crypto, Refferal welcome bonus up to $100 |
Affiliate Program |
Refer A Friend (RAF) is a program with a reward of $10 for each connected referral who has got a paid package. The partner also receives 30% of the subscription fees of all invited friends who continue to use Bitsgap services. |
Up to $500 |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on OKEx
-
Comment
Signed up for a live account on OKX recently, and the fee structure is a little confusing. There are maker/taker fees, VIP tiers with different rates... my head started spinning. Took me some digging to understand exactly how much I'd be paying for each trade. Maybe they could explain it all a bit simpler, especially for beginners who are new to the whole crypto trading thing.
-
Comment
Been playing around with OKX for a while now, mostly on their demo account. Great for getting the hang of the platform and trying out different trading strategies without risking real money. But the demo seems a bit limited. For example, it doesn't have all the features available on the live account, like margin trading. Wish you could test out everything before jumping in with real cash. Kind of feels like training wheels you gotta eventually take off.
-
Comment
OKX’s platform itself is pretty intuitive, which is nice. I like how you can easily exchange between different cryptocurrencies with zero fees. Plus, the earn rates for locking your crypto for a fixed time are quite attractive. However, one thing that really bugs me is the withdrawal process. It's just too complicated for my liking. And another downside is that my country's fiat currency isn't listed, which makes things a bit inconvenient. Also, I noticed that some coins I wanted to trade weren't showing up in the search results, even though they're listed on Coinmarketcap. It's a bit confusing, to be honest. Overall, OKX has its pros and cons, but it's been okay for my crypto needs.
-
Comment
This is the first cryptocurrency platform I got acquainted with when I started learning about crypto. OKX exchange has been operating for several years and has its popularity among crypto investors. I can't understand why there are so many negative reviews. I've been working with the exchange for almost two years, consistently withdrawing cryptocurrency. Of course, there aren't so many diverse services here, but it's enough for me.
-
Comment
There are a lot of negative reviews about the OKX exchange. Many of the positive reviews are written to deceive users. It's a proven fact that the exchange may not pay out funds. Additionally, OKX may block user accounts for unfounded reasons. Therefore, I believe it's better not to take risks and not to open trading accounts here, let alone transfer money.
Top 5 Reviews on Bitsgap
-
Comment
Bitsgap raises suspicion of being a potential scam. Withdrawal fees, in particular, are surprisingly high, with the exchange imposing charges across all currencies. Exercise extreme caution when dealing with Bitsgap, as their practices may not align with your expectations or financial interests.
-
Comment
Carefully! Bitsgap is probably a scam. Although they write that there are no commissions. But apart from any tariff plans, Bitsgap has commissions. The commission for withdrawal is far from small, the exchange takes a commission for withdrawing money in any currency. I do not advise!
-
Comment
From the very beginning, I did not like Bitsgap very much. There were mixed feelings. Either trading is normal, then suddenly the server will disappear unexpectedly. And now they don't even want to withdraw. I waited a week, and wrote a complaint, so they answer, they say, you know, times are hard. Fine? Looks like another bankrupt is waiting for us soon.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.