OKX Exchange Review
OKX Exchange Review is a good choice for experienced traders, but beginner-friendly tools like copy trading and well-funded demo accounts make it valuable for those learning to trade. It offers a more advanced trading platform than Coinbase, and it has a large number of tradable cryptos. It also offers lower trading fees for BTC and ETH trading pairs and for accounts that hold OKB. The site does require ID and KYC verification to reach higher limits or access certain features, but that’s standard for most centralized cryptocurrency exchanges.
The user-friendly platform supports market and limit orders, as well as a variety of order types. Its trading charts provide in-depth information about current prices and recent trends. It also has a number of technical indicators and a customizable layout. OKX also supports a range of professional tools for more advanced strategies, including margin trading and built-in trading bots.
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Users can also take advantage of a wide variety of trading pairs, including some fiat-backed assets and futures contracts. The site has a robust mobile app and desktop app that is easy to navigate. Its security is top-notch, with 2FA on both the website and app, as well as an option to verify user identity by submitting government ID documents.
The fees on OKX are competitive, with makers paying 0.08% and takers charged 0.1% — lower than the industry average. The site does not charge a monthly fee and it provides transparency about its trading fees. However, the exchange doesn’t disclose a clear fee schedule for deposits and withdrawals, which may turn off some prospective users.