OKEx Review 2021

OKEx Review 2021
Davis J.
Robertson A.
January 2021

13

Position
in rating

Trading terminals:

OKEx
13

Position in rating

8.4/10
Overall rating

Trading terminals:

OKEx

Summary of OKEx Trading Company Crypto Exchange

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.

💰 Account currency: OKB
🚀 Minimum deposit: $1
⚖️ Leverage: 1:1
💱 Spread: 0.06%
🔧 Instruments: Cryptocurrencies, fiat currencies
💹 Margin Call / Stop Out: No
Attention!

We work with accounts created exclusively through the Traders Union website.

👍 Advantages of trading with OKEx:

  • exchange and trade of major cryptocurrencies and tokens;
  • more than 400 trading pairs, including pairs with 30 worldwide currencies;
  • spot and margin trading, futures and other options;
  • there are investment programs for passive income;
  • universal cryptocurrency wallet and mining pool;
  • training academy with detailed courses and guides;
  • low commissions that are additionally reduced with an increase in trading volume.

👎 Disadvantages of OKEx:

  • not fully localized;
  • large commissions when working with fiat funds.

Overall

The OKEx crypto exchange provides an extensive list of opportunities for trading the most popular cryptocurrencies and tokens. Each user is provided with their own wallet and mining pool. There are investment programs, a referral program, and additional bonuses. The platform does not provide leverage, but there is a loan system.

Visit OKEx

Geographic Distribution of OKEx Traders

OKEx Latest Comments for 2021

11
0
4

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of OKEx published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I love the fact that OKEx is willing to work with newcomers. They will teach you using guides and sensible courses and help you deal with all the nuances. This personalized approach worked for me 100%. The only drawback that I noticed is the inflated commissions when working with fiat. Although, as far as I understand, many cryptocurrency exchanges have such a policy. These are little things. The main thing is that there are no problems with profit payments.

Most of the cryptocurrency exchanges with which I work made it possible to earn only through active trading. This option did not suit me, since the experience in cryptocurrency trading is minimal and I was simply afraid to reduce my entire budget. The volatility is crazy right now, you need to be as careful as possible. OKEx got me out of the situation and offers everyone an alternative, which is passive earning. There are several investment programs. There is plenty to choose from.

My attitude about OKEx is, let's say, 50/50. I traded here for two years and everything was buzzing. The company is loyal to both professionals and beginners. They are trying to improve their knowledge of digital currencies, the training is sensible. I did not observe any problems with a variety of assets for trading. The terminal is functional and works without technical failures. If there were any difficulties, it was only with the slowdown of the charts. The bugs are short-lived and the support quickly fixes these bugs. But I can't find a common language with the support. Most often, controversial issues are not resolved in my favor.

The fact is that OKEx is worthy of your trust. I have been cooperating with this cryptocurrency exchange for two years and everything is nice. I started here with passive earnings, as I was afraid to take risks and conduct active trading. I chose the Savings program. It provides for direct investment in the site with a yield of 6.55% per year. Next, I studied training materials on this site. All the courses are simply gorgeous. Recently I started trading on OKEx, the commissions are adequate. Compared with other trading platforms, here it is an order of magnitude lower.

It will be difficult to find a worthy alternative to the OKEx platform, even taking into account the huge number of new crypto exchanges. I am not going to change because I am satisfied with the conditions that are offered here. I make money on this platform by actively trading through an affiliate program. Referrals come willingly because the cryptocurrency exchange is well-promoted and popular with the people. They pay both for the verification of a partner and for the fulfillment of individual trading tasks by him. I hope that in the future the exchange will not be humbled. We have big plans for cooperation.

It didn't work out very well for me with active trading on the OKEx platform. I caught a moose several times and lost large sums. I decided to give up such risks. It's good that the crypto exchange offers an alternative way of earning money. There are several investment packages to choose from with interest rates ranging from 6.55% to 15.12% per year. For example, I chose P2P loans. The profitability due to the provision of loans to other users is very small (7.30%), but the scheme is really working and steadily makes a profit.

Do you know what attracted me to OKEx? I compared it to other cryptocurrency exchanges and found that it has a huge selection of assets. You can freely convert fiat and withdraw funds in dollars or euros. However, I will say right away that commission costs will be slightly higher than for cryptocurrency assets.
The trading terminal is functional and convenient. This applies to both browser and mobile versions. Yes, bugs do happen periodically, but this is an exception to the rule. All technical errors at OKEx are resolved quickly. Personally, I have not encountered real difficulties due to short-term bugs.

2 3 >

Expert Review of OKEx

The OKEx exchange stands out among crypto exchanges for its scale. Few exchanges offer more than 400 trading pairs, including pairs with fiat funds. Fiats can also be freely converted and withdrawn, but the commission on them is higher than on cryptocurrency assets.

Spot and margin trading are available on the platform, and there are futures and other options for active earnings. The functionality of OKEx's own trading terminal is quite good. Statistics are voluminous, but for professional trading, additional sources of information may be required.

Traders Union experts rated the OKEx trading app as one of the most convenient. However, both the mobile and web versions sometimes suffer from bugs. All problems are usually quickly fixed by technical support, so this rarely creates real difficulties.

Another feature is a large selection of investment programs, plus a referral program, regular promotions, and bonuses. The platform is equally beneficial for active traders and investors focused on passive earnings. Traders Union’s experts recommend cooperating with this crypto exchange.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of this Crypto Exchange

8.4

Overall rating

8.1

/10

Execution of orders

8.7

/10

Investment instruments

8.5

/10

Withdrawal speed

8.3

/10

Customer Support work

8

/10

Variety of instruments

8.8

/10

Trading platform

Dynamics of the Popularity of OKEx
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

Investment Programs, Available Markets, and Products of the Crypto Exchange

The OKEx exchange offers several convenient ways to earn money without trading cryptocurrency. The company works with a variety of financial models, including OKEx loans, decentralized finance, and staking to ensure diversity and profitability. Current investment options available in OKEx exchange:

  • Sushiswap USDT-ETH. A recently introduced investment package with a yield of 12.84% per year.

  • Compound. Investing in the company's own decentralized pool, net rate 15.12%.

  • Savings. The simplest program, direct investment in a platform with an annual income of 6.55%.

  • P2P loans. System for granting loans to other users, annual interest rate 7.30%.

The official website of the crypto exchange has detailed explanations for all packages, as well as a daily profit calculation. Each of the available options involves a high income, deposit replenishment, and withdrawal of funds from the investment account at any time.

Important!

If you are a large investor and plan on investments over $10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

OKEx’s affiliate program:

Each verified OKEx user receives an individual referral link. It can be shared with other people. Each user registered on your referral link brings you income according to the following algorithm:

  • When your referral is verified, has held their first auction, and fulfilled some other conditions, you will both receive $5 in BTC to your wallets, and you personally will also receive 10 USDT.

  • If your referral completes individual trading tasks, you will receive $10 in BTC, and the referral will receive $50 in BTC. Thus, OKEx motivates users to register using referral links.

  • As soon as 10 referrals bring you a $5 bonus, you can become a partner of the platform and earn an individually calculated percentage from the commissions of your referrals.

All payments are made before 10:00 GMT, the day after the day on which the appropriate conditions were met. Referral payments are made in BTC or USDT only to the main account.

Rebate and Discount Programs of the Traders Union for OKEx

The OKEx exchange provides profitable commissions, while users have the opportunity to save on commission fees. To do this, you must first register on the Traders Union website, and then on the OKEx crypto exchange website, using the provided partner link. Then go through the verification process and create an account.

Information

The OKEx exchange pays to the Traders Union 30% of the commission for each completed transaction. Customers receive 80% of this amount.

Example: You are a VIP user and have traded 10,000 USD in 30 days. You make the next transaction and for you, as for the maker, the commission will be 0.40%. For a $1,000 transaction, the commission will be $4. The exchange will return 30% of this amount to the Traders Union, or $1.20. The Traders Union will transfer 80% of the received amount to you, or $0.96.

Try it!  Try it!

Trading Conditions for OKEx Users

The OKEx crypto exchange does not impose restrictions on the maximum amount of input, but there are limits on the output. The limits depend on the trading level and the presence or absence of VIP status. With zero trading level and no VIP status, the 24-hour limit is 500 BTC. With the maximum overclocking of the account, you can increase the limit to 2,000 BTC per day. Please note that each coin has its own rules for minimum deposits and withdrawals.

$1

Minimum
deposit

1:1

Leverage

24/7

Support

OKEx
💻 Trading platform: OKEx
📊 Accounts: Standard
💰 Account currency: OKB
💵 Replenishment/Withdrawal: Bank cards and accounts, cryptocurrency and e-wallets
🚀 Minimum deposit: $1
⚖️ Leverage: 1:1
💼 PAMM-accounts: No
📈️ Min Order: From 0.01
💱 Spread: 0.06%
🔧 Instruments: Cryptocurrencies, fiat currencies
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Limit order, Market order
⭐ Trading features: More than 400 trading pairs, including pairs with fiat funds, 4 investment programs
🎁 Contests and bonuses: Yes

OKEx Commissions & Fees

Information

The user's commission is determined by their trading level. The total trading level is calculated based on the highest trading level for any of the four accounts – spot, futures, perpetual swaps, and options. The calculation is carried out for the last 30 calendar days, the level is determined by the trading volume. The higher the trading volume – the lower the commission of the taker and maker. For example, at the fifth trading level, when trading more than $5,000 per month and with more than 2,000 OKB on the balance, the maker/taker commission will be 0.060%/0.080%, respectively.

Account type Spread (minimum value) Withdrawal commission
Standard From 0.060% for Class A currencies No

Please note that all currencies on the crypto exchange are divided into four Classes – A, B, C, and Promo. The commission is determined, among other things, by the cryptocurrency Class. Here is a comparison with the nearest competitors:

Broker Average commission Level
OKEx $0.06 Low
ByBit $20 High
Bitfinex $0.1 Medium
OKEx
$0.06
ByBit
$20
Bitfinex
$0.1
Conclusion

The OKEx exchange offers profitable commissions and an extensive list of trading pairs, including cryptocurrencies and fiat currencies. The platform has a convenient trading terminal, well-thought-out investment programs, a lot of tools for successful spot trading, margin trading, trading with perpetual swaps, and options.

Contacts

Official site

The Oldest Reviews of this Crypto Exchange

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of OKEx published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I think OKEx is a really interesting option for both professionals and beginners. I started trading here with minimal experience, so I know what I'm talking about. The functionality of the site is advanced, but at the same time, it is easy to manage. Thanks to the developers for providing an intuitive interface. I didn't have to call support every time and demand help with a solution to emerging issues. OKEx also has a huge number of trading pairs, about 400+. The commissions are adequate, although in the fiat direction it turns out not to be as profitable as we would like.

Each crypto exchange has its own pros and cons. For 10 years I worked in this market, so I already understood this. I'll tell you why I will stop at OKEx. The platform interface is really simple, but this does not affect the range of possibilities in any way. It is important that here you can work not only with cryptocurrencies but also with fiat (euros, dollars, etc.) currencies as well. Commission costs for makers and takers are adequate. For example, at my trading level, usually up to 5,000 dollars per month, there is a commission of 0.1% that is charged as a taker, and even less (0.08%) for a maker.

Everything is simple, intuitive, and functional. Kudos to support for being always ready to lend a shoulder to help. For example, I could not figure out the investment programs in any way. I needed competent advice to compare the offers. The support service helped me figure it out. In 2021, I decided to try to completely abandon active crypto trading and go purely to passive income. Let's see what happens.

The fact that OKEx provides for the division into sub-accounts is just great. Here you can create an account purely for margin trading or, for example, a P2P account. It will not be difficult to deal with trading on this platform and, in general, with the peculiarities of working with cryptocurrencies. The company has taken care of a high-quality knowledge base and there you will find detailed courses and interesting guides. I didn't even have to use third-party services to get the minimum knowledge required to start working on a crypto exchange.

To be honest, I thought that cryptocurrency trading is something extremely complex and incomprehensible. I was afraid to try it. It's good that a friend suggested OKEx. He has been trading on this platform for several years and recommended it to me, as he is 100% sure of the company's honesty. This was important to me.
OKEx's terminal is really convenient. Here is everything you need to analyze the market situation and make informed decisions. Plus, for the few months that I have traded here, I have never noticed any freezes or any bugs in the terminal. Everything is good.

I have been trading cryptocurrency for over three years now and have completely switched to OKEx. This exchange meets my criteria. The company offers a wide variety of assets and fair payment discipline. I also like the exchange fees here. Commissions depend not only on the trading level but also on the asset class. OKEx strives to constantly improve not only the quality of its service but also to expand its listings. New digital coins automatically fall into the “Promo” category, where there are more interesting conditions for traders.

OKEx has everything you need and it provides traders with a comfortable and successful trading experience. I see that it has great potential. It is very convenient that limit, stop, iceberg, and market orders are available here. The site has not only spot trading, but also margin trading, working with futures, and investment programs to generate passive income. This significantly expands the opportunities for earning.

Author of this Review

OKEx broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the OKEx rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about OKEx you need to go to the broker's profile.

How to leave a review about OKEx on the Traders Union website?

To leave a review about OKEx, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about OKEx on a non-Traders Union client?

Anyone can leave feedback about OKEx on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with OKEx through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.

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