There are several cryptocurrency exchanges that enable users to buy crypto assets and OKEx is one of these platforms. This is a popular crypto platform that is headquartered in Malta. It was established in 2017 and since then it has made its mark in the crypto industry.
This platform offers some of the most impressive features that make crypto investing easier for interested parties, especially those who lack any prior experience.
There are several in-dept trading features and other aspects of the exchange that make it stand out among other platforms. Therefore, if you want to use the OKEx exchange then you need to know the reasons why it can be a suitable exchange for you to buy digital currencies.
OKEx Offers Impressive Customer Support System
Customer support services offered by an exchange is one of the major attributes you should look for while choosing a platform to buy crypto. As a new crypto investor, it is likely that you will have some questions and concerns regarding the overall process and more. In such a case, you can have a hassle-free and much simpler experience if you opt for a platform that offers good customer support services.
This OKEx review highlights that the platform does offer a prolific customer support system. The customer service agents are experienced and are available around the clock to help the users. They can assist in case of any trading or technical issue and offer extensive support as well. The customer support services offered by the exchange are very easy to access and the agents can be contacted through different mediums.
Security Offered by the Platform
Another important detail this OKEx exchange review talks about is the level of security it offers to the users. Choosing an exchange that prioritizes the security of the users’ funds and accounts is crucial because the crypto space can pose a few security risks. These risks cannot be eliminated completely, however, they can be mitigated by opting for a secure exchange.
OKEx takes the security of the users very seriously and is a registered exchange in Hong Kong and Malta. It is also compliant with Virtual Financial Asset Act (VFAA), which is a regulated authority.
It also implements cutting-edge privacy encryption technology that includes the following security protocols.
- Mobile verification
- Email verification
- Two-factor authentication (2FA)
Fair and Transparent Fee Structure
OKEx platform fees is one of the reasons you can choose to invest in crypto using this exchange. Every crypto exchange, whether it supports crypto investing or trading, will charge a fee that the users have to pay.
The difference in the fee structures of various exchanges arises in the amount and transparency of each platform’s fee structure. There are some exchanges that include hidden and additional charges as well. Therefore, you need to take your time and be sure that the exchange you choose has a low and transparent fee structure, such as OKEx.
The investors using the exchange have to pay a fee depending on whether they are market makers or takers. The market taker fee is based on a tier system for both spot and futures trading.
- For futures trading, market takers have to pay a trading fee ranging from 0.09% to 0.15%.
- For spot trading, market takers have to pay 0.15% trading fee.
- The VIP users can get even better fee, which ranges from 0.030% to 0.080%.
- There is a withdrawal fee of 0.0005 BTC for Bitcoin, 0.15 for Ripple and 0.01 for ETH.
- There is no fee for deposits.
Is OKEx Available in the USA?
One aspect that every potential user needs to know about this exchange is that potential OKEx U.S. customers are not supported by the exchange. Due to strict regulatory laws in the country, OKEx USA is unavailable.
Therefore, potential OKEx United States users should look for other crypto exchanges that are based in their country.
Several Payment Methods Supported
OKEx is like a one-stop-shop for the users because it offers support to one of the biggest collections of payment methods. The supported banking services are listed below and you can choose the one based on your convenience.
- Western Union
- UPI
- Skrill
- SEPA
- Qiwi
- Poli
- PayPal
- Payoneer
- Payid
- KaKao Pay
- iDeal
- Debit card
- Crypto transfer
- Credit card
- BPay
- Blueshift
- Bank transfer
- Apple Pay
Variety of Assets Supported
The OKEx exchange is also known to offer support to a variety of crypto assets. As a user of the exchange, you will have exposure to 30 fiat assets and 6 major digital currencies including:
- Ethereum
- Bitcoin
- OKB
- USD
- Litecoin
- XRP
Final Takeaways!
OKEx can be one of the crypto platforms you opt for to invest in crypto. However, to be sure that it is the right exchange for you, make sure you know the details mentioned above first.
