Whether you’re a seasoned trader or a crypto newbie, navigating the app feels smooth and effortless. But beware, frequent redesigns might occasionally shuffle features around, so be prepared for the occasional learning curve. OKX exchange equips users with a robust suite of tools and features to navigate the crypto markets effectively, from beginners to seasoned traders. Well, if you are interested in NFTs, high APYs, HODLing, GameFi, and crypto trading with low fees, then you can’t really go wrong with this all-in-one platform. For active institutional and retail traders looking for a highly functional yet simplistic trading interface developed by a well-respected global exchange, then it is well worth a spin.

OKX Review 2024: Pros, Cons and How it Compares

Here you can trade more sophisticated things like futures, options, perpetual swaps and trade with margin. We won’t cover what these all mean right now, but if you’re looking for these, OKX has got you covered. As an experienced trader, I thoroughly enjoyed experimenting with various charting options, including trend lines, patterns, and forecasting tools. It’s a one-stop shop for serious algorithmic traders looking for a capable platform. Its API call rates and limits are competitive with other top exchanges, varying by endpoint and account type. OKX provides interest-bearing staking accounts for more than 100 different tokens and projects.

Trade Crypto Spot, Futures, and Options With This Top Exchange

This exchange was born out of OKCoin, with its target on the more advanced cryptocurrency traders. OKX provides a user-friendly interface for cryptocurrency trading. Users can deposit funds, place orders, and engage in spot, futures, and options trading.

OKX (Previously OKEx) Futures and Perpetual Fees

The exchange is not charged, but the fee between longs and shorts. It is called a «Swap» because you are swapping the returns for one asset for another. Given that you are doing this, you will have to pay a funding rate. Well, they are an instrument that you can trade that «derive» their value from the price of some underlying instrument. Customers of OKX sign in to their account and click on “Audits” to view the recent audits done and “Details” to view the audit data.

Listed OKX crypto exchange assets

OKX exchange offers 344 different cryptocurrencies that users can trade on the international cryptocurrency exchange against stablecoins, Bitcoin, and Ethereum for 729 trading pairs. However, with 187 more derivative pairs on the platform, the total number of tradable instruments on OKX is 916, which is impressive and will suit altcoin traders specifically. This OKX review has painted a nuanced picture of this cryptocurrency exchange, highlighting its strengths in low fees, diverse features, and advanced trading options. However, navigating its interface might prove cumbersome for beginners, and its lack of fiat on-ramps in some regions remains a hurdle. OKX is an exchange on which traders can invest in crypto tokens and currency pairs. The platform supports the Web3 wallet, which allows users to manage digital assets across multiple networks.

• The BTC futures trading on OKX surpasses $1.5bn per day in daily trading volume as the exchange caters to institutional and retail traders.
• One of the best trading functionalities on OKX is the crypto conversion tool, which is located within the asset management section.
• Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.
• Registration on the OKX trading platform is not a menace and is completed within a few minutes.
• Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds.
• This is basically a password that will allow you to confirm any withdrawals out of your account.
• OKX’s trading execution is flawless, offering spot and derivatives trading without delays – a stark contrast to my experiences with other platforms plagued by liquidity issues.

OKX, on the other hand, is catching up swiftly and is one of the fastest-growing exchanges in the industry. One common error novice traders make regarding the psychology of risk is perceiving it as an absolute, unchangeable element rather than a relative one. Most treading experts agree that psychology is one of the most important factors of trading, which is why we created this Guide for Mastering Trading Psychology. OKX also lets users set TPSL orders as conditional or OCO (One Cancels the Other).

Expect further expansion into global markets, advanced trading features, and the launch of the X1 mainnet, enabling seamless deployment of decentralized applications. With OKX Ventures actively supporting projects on X1, the platform is poised to play a key role in fostering the next generation of Web3 initiatives. Despite its strict KYC policy, which might irk privacy enthusiasts, the platform caters excellently to both beginners and seasoned traders. The interface, free from lags and glitches, offers a seamless crypto management journey. At the top, you can select the time to expiry and what currency you would like the funds to be margined in.

OKX (Previously OKEx) Wallet

OKX (Previously OKEx) exchange is listed as one of the largest crypto exchanges in the world on CoinMarketCap.com. According to their official website, their daily turnover is around $1.5 billion only from its Bitcoin futures trading product. okex review The OKX Web Wallet is a self-custodial software wallet that users can download and store their crypto assets and NFTs with. OKX affectionately refers to their wallet as the “Portal to Web3” as it is a highly functional and multi-use app.