OKEX is a digital asset exchange owned by OKCoin. OKEx has created an ecosystem that works well for cryptocurrency traders. All textual content on ForexBrokerz.com is copyrighted and protected under intellectual property law. Fees Okex doesn't support banking and only has futures and crypto-crypto spot markets. Start free trial for all Keywords. Read our Privacy Policy. The platform provided by OKCoin is web-based and a bit simplistic, especially when compared to the one provided by the other brand owned by the company. That being said there are a lot of options, when it comes to charting. Investor Star Xu created the cryptocurrency exchange OKCoin in … okex vs okcoin. OKEx is an offshoot from Okcoin. The order book at OKCoin is also very user-friendly. +1 226 798 4487 [email protected] ©2021 OKEX.COM. OKEX offers extremely low trading fees when compared to the competition. An important announcement was emerged by on May 26, 2017: they were halting the trading activity on OKCoin.com on May 30, 2017, and would launch the new futures trading exchange at OKEx.com with their users. However, in the cryptoverse, not demanding a minimum deposit isn’t anything special. There aren’t many user reviews specifically for OKEX, but as the company is part of OKCoin, we can assume they offer the same level of service. Fees at OKCoin are competitive with the current offers by other brokers, going as high as 0.20%. ExForexbtcTrade review - Is exforexbtctrade.com scam or good forex broker? Essentially you can open a wallet for each of the coins and use them to transfer funds. Otherwise there have been no security issues with OKCoin. There are a few altcoins available at OKCoin, but this is definitely not an exchange which list a lot of coins. Welcome to our OKCoin news page. Okex doesn't support banking and only has futures and crypto-crypto spot markets. They also mostly provide CFD trading. OKCoin and OKEx still keep offices in Beijing and Shanghai and allow domestic investors to trade cryptocurrencies through OTC trading. OKCoin is the largest Chinese cryptocurrency exchange, which is mainly oriented towards the domestic market. Trading volumes and liquidity for the major coins are quite high. Trading instruments (cryptocurrencies) We do not present any guarantees for the accuracy and reliability of this information. Additionally, the platform offered by OKEX allows multiple-monitor support. Traders can choose between several styles of charts. OKEX is the name of the more trading oriented solution. Okcoin is for exchanging fiat and crypto (although USD withdrawals and deposits are currently suspended). We are going to switch OKEX versions from v1 to v3, thus the id okex3 will become okex, and the old OKEX v1 implementation will not be maintained anymore as deprecated.. Optimization Opportunities Optimization Opportunities. There is no information on the minimum deposit at OKCoin. Malta is a Cryptocurrency friendly place and is fast becoming the go-to location for Cryptocurrency exchanges. Please choose different brokers. Also for a large chunk of time maintained a spot USD market with a banking relationship. Minimum initial deposit Here is a preview of how a single window in the platform looks: Charting is provided by the OKCoin proprietary system, which is a lot better than many other solutions. Originally there was OKCoin .cn in 2013 and then came along OKcoin .com in 2014 -- .cn was the chinese mainland site and only had CNY spot trading but after the PBOC ban CNY trading was removed. While this brings some assurance, in terms of security, it does not guarantee this will not happen in the future. Our OKCoin review has found that while OKCoin has not been hacked, OKEx was hacked when they were still owned by OKCoin in 2017. The fees at OKEX are probably the lowest in the industry, at the time of writing of this review. Chinese crypto exchange OKCoin created OKEx in 2014 to provide crypto trading services outside of China. This secures the data stored in the network. Hi everyone! Most notably, if you are running on low to middle end hardware and like to open multiple tabs, you have probably already ran into memory issues. That being said, we come to the biggest weakness of the platform – it is only in Chinese (or at least we didn’t find the way to switch to English). The company has a structure similar to Coinbase and GDAX, one of the brands is focused on the needs of basic customers and the other on more serious traders. Trading instruments (cryptocurrencies) That being said, OkCoin used to accept USD deposits, but “issues with intermediary banks” caused the company to cease this activity, much like Bitfinex. The company has a structure similar to Coinbase and GDAX, one of the brands is focused on the needs of basic customers and the other on more serious traders. While this may seem like nothing, when compared to the ratios which some forex brokers offer (like the 1:888, provided by XM), it is high. It also has its own token, OKB. While they are presented as a way for miners to hedge their risk (which was the original idea behind futures contracts), we would not recommend beginners to delve into them as the liquidity may be substantially lower. They are being traded against the USD and CNY. Forex brokers providing Negative balance protection, Bitcoin exchanges accepting bank transfers, Coinbase valuation reaches $90 bln in a private auction before the company goes public. OKEX is directly linked to OKCoin, so you can make a CNY transfer to the latter and trade on the more sophisticated exchange. I still don't get it. OKEx, founded in 2017, is a digital asset exchange or cryptocurrency exchange headquartered in Malta and has an office in Hong Kong. Luckily for the more aggressive traders there is no difference for market “makers” and “takers”. We are used to forex brokers, disclosing their entry barriers. This is a lot better than the average of around 0.20-0.25%, offered by most other exchanges. The addition of Etherem Classic and Bitcoin Cash will be appreciated by some users. You can however access crypto markets and trade using one of our trusted partner exchanges, OKCoin which offers trading at some of the lowest fees in the industry. The order book and tape are located on the right and while the numbers may appear to be rather small there probably is an option to increase the font. Minimum initial deposit While it is a bit hard to compare spreads and commissions based on size, you can check out this post to get a better picture. FCA scam warning! Leverage Optimizing for buyer keywords. The non-Chinese user reviews on the company aren’t that many, but are generally positive, which can’t be said for all cryptio-exchanges. Money transfers in CNY are accepted at OKCoin. Our products and services are always tailored to your needs and suggestions. The company, security of funds OKEX is the more trading-focused version of OKCoin. With greater volumes, the rate declines, which is also a procedure applied by multiple exchanges. That being the case, only three coins are available for trading. This is rather odd, especially given the fact they accept deposits in Yuan. OKCoin is one of the biggest Bitcoin exchanges, at the time of writing of this review. The company behind both of them is based in China and focuses primarily on the domestic market. An OKEx exchange review shows that they serve areas worldwide via no less than 420 markets. The situation with the two is similar to how GDAXis owned by Coinbase– one brand is targeting retail consumers, while the other one is dedicated towards serious traders. OKCoin had to shut down its domestic service when China cracked down on cryptocurrency activity within the country. EN-n Review: Beware of en-n.com! The situation with the two is similar to how GDAX is owned by Coinbase – one brand is targeting retail consumers, while the other one is dedicated towards serious traders. The company has a structure similar to Coinbase and GDAX, one of the brands is focused on the needs of basic customers and the other on more serious traders. Xtb-groups.io Review: Beware of xtb-groups.io Review! Additionally OKCoin stopped accepting US clients, probably because of pressure to comply with US regulators. OKEx is one of the leading exchanges by trading volume for several cryptos – as per what is claimed by the company. That being the case, only three coins are available for trading. 54 Organic Competition. More recently OKCoin .com/international was rebranded as OKex and included other token trading, USDT markets, and more futures markets. In essence OKCoin is the company which takes fiat currency deposits (only in Yuan), while the other website is the more trader-oriented exchange. Here is a preview: The charting is very nice, with some technical indicators being pre-loaded, to stimulate more active trading. A broker cannot be compared to itself. That said, their security standards are much in line with the rest of the industry. Here is a summary of the pros and cons: OKEX is a digital asset exchange, under the umbrella of OKCoin. OKEX is one of the few crypto-exghanges which offers a stand-alone desktop platform. With that in mind, they may be planning on applying rules on all crypto-transactions, which may affect OKCoin. The forex brokers who offer bitcoin trading on the other hand include all of their costs in the spread. The addition of futures contracts may be nice for miners willing to hedge their “crops”, although we would not recommend trading in them unless you are very experienced. Learn the latest news about Bitcoin, mainstream cryptocurrencies and cryptocurrency categories. There is a 0.03% fee for opening a new position and nothing is charged for the closing transaction. They also manage to keep strong liquidity in the CNY/BTC pair. While we are on the topic of regulation, we must mention the rather obvious (for some, at least). 1. The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. The company’s other brand OKEX offers an even more sophisticated solution. While OKCoin accepts real money transfers, they can only be done in Chinese Yuan (CYN). For instance FXCM only requires a $50 deposit, for the opening of a new trading account. This should not affect you if you are using the Unified CCXT API but it may affect you if you are dependent on Implicit API methods.In the latter case we highly encourage you to migrate as soon as possible. Continue on OKEx if you reside outside of your current country and can provide a valid government issued ID. Those who were frustrated with the way USD bank transfers support ended are the least happy customers. With a click of a button you can duplicate the entire layout multiple times and move it to another monitor. Pure Cryptonic Review - is purecryptonic.com scam or good forex broker? The available assets at OKEX are BTC, ETH and LTC. OKEx Overview. There are simple ones, the solution provided by trading view, as well as a proprietary solution. All information on ForexBrokerz.com is only published for general information purposes. Wobit Review - is wobit.io scam or good crypto broker? OKCoin was founded in 2013 by Chinese businessman Start Xu.The exchange complies with the laws of the People’s Republic of China and has two main branches: one for serving local customers based in the capital, Beijing, and a second for international users whose headquarters are in Hong Kong. OKEX is a digital asset exchange, under the umbrella of OKCoin. OKEX is a digital asset exchange owned by OKCoin. The options currently available are: BTC, LTC, ETH, ETC and BCC. Initially, the two exchanges shared some of the same leadership but they are now distinct entities run by separate stakeholders. Best Brands Group Review: Beware of bbgroupfx.com! OKEx has operated as a separate entity from OKCoin since 2017 and has moved its headquarters to Malta. Fxstocktradex review - Is fxstocktradex.com scam or good forex broker? Trading at OKCoin is only done against the Chineese Yuan (CNY), while the other brand owned by the company provides more products. OKEx is a safe cryptocurrency exchange that features several security measures on its platform to protect client information. Here you’ll find some of our featured OKCoin Crypto Exchange content pieces as well as all our latest OKCoin creator posts. OKEX: Its website only lists CNY as the fiat option, although its sister exchange OKCoin serves “all the countries in the world” except for 10 countries. Growing traffic for these popular keywords may be easier than trying to rank for brand new keywords. That being said, OkCoi… Here is a summary of OKEX: Forex trading carries a high level of risk and may not be suitable for all investors. While OKCoin accepts real money transfers, they can only be done in Chinese Yuan (CYN). OKEx, which works as a separate entity from OK Group and OKCoin, is headquartered in Hong Kong while being officially based in Malta, and its CEO is Jay Hao. New comments cannot be posted and votes cannot be cast, More posts from the BitcoinMarkets community, Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits, Press J to jump to the feed. Additionally cryptocurrencty transfers in BTC, ETH and LTC are accepted. OKEX is a cryptocurrency exchange launched in 2017 by Chinese bitcoin mogul OKCoin. OKCoin is based in China and also has a second brand. Where 20 million users across 200 countries and regions trade over $100 billion of cryptos every year. OKEx Review This is simply the company’s focus, which also carries on to the trading instruments offered (more on them later in the review). That being said, cryptocurrencies are a lot more volatile, so margin trading is a lot riskier, in general. OKEx is currently considered one of the largest and most popular crypto-to-crypto and fiat-to-crypto exchanges in the world, serving more than 20 … OKCoin is the simpler exchange and focuses on pure buying and selling of … OKEx exchange is a Chinese crypto exchange, which separated from the well-known OKCoin platform. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. This is also combined with the concerns about Chinese regulatory actions in the cryptocurrency space, as the country recently banned ICOs. All bitcoins are stored in an offline account, which adds another layer of protection to the digital coins as well.To make sure that the transactions are valid, OKCoin waits for at least one confirmation before proceeding with the deposit. CySEC scam warning! Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Leverage at crypto-exchanges is usually lower than the one provided for forex trading, where brokers often allow 1:500 or even higher ratios. OKEx’s OKCoin Crypto Exchange Starts Fiat-Crypto Trading Services in Argentina Countries around the world are finding ways to open their economies to cryptocurrency, and Argentina is one of the latest on the list. No information on the minimum initial deposit is available at OKEX. Having to run a trading platform alongside them doesn’t help in that regard. This can explain the relatively low popularity of this exchange in the west. The company behind both projects is based in China. Dogecoin is available on ATMs across the U.S. Coinbase aims to top $100 bln in valuation after going public, Bitcoin holds on levels above $52 000, backed by Tesla, Mastercard and BlackRock, Robinhood denies holding 2 bln USD in Dogecoins, "Dogecoin CEO" Elon Musk to develop ElonCoin “if necessary”. SuperGlobalFxFinance review - Is superglobalfxfinance.com scam or good forex broker? To ensure that the users are safe from fraudsters and hackers, the site makes use of a 128-bit encryption. StocksFinancials review - Is stocksfin.com scam or good forex broker? In summation, OKCoin China/International are in charge of taking fiat currency (CNY, USD and EUR) deposits while the OKEx website is crypto trading-oriented and offers hundreds of … OKEx is a Cryptocurrency exchange registered in Malta and founded in 2017. While you may be used to browser-based trading, there are a few advantages to having a separate piece of software. This happened after OKCoin introduced a ban on trading in futures. Seems like Futures are only on OkEX but OkEx also have a spot market ? Here is a preview: One can clearly distinguish between the bids and asks. On the other hand, the forex brokers, who provide Bitcoin trading include their costs only in the spread. Another important difference between the two is that in OKex we cannot deposit with fiat currencies and in Okcoin … We are used to forex brokers providing a minimum level, which is usually around the $100 mark (as is the case with easyMarkets, for instance). Okcoin is for exchanging fiat and crypto (although USD withdrawals and deposits are currently suspended). The company targets retail customers, while also providing another brand OKEX, for the more sophisticated traders. Below we explore more about how OKEx got started. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website. So what is OkCoin for then ? OKEx is a platform for the exchange and trading of digital assets and futures with the support of margin trading, as well as a subsidiary of the popular Chinese cryptocurrency exchange OKCoin. Forexbrokerz website uses cookies. The maximum leverage at OKEX is 1:20. For a full comparison of the two types of services read this post. Besides operating bitcoin exchanges, OKCoin has a mobile consumer payment and lending application. The main reason for that is that cryptocurrencies tend to be a lot more volatile than the traditional forex pairs, which rarely experience daily moves of more than 1-2%. Margin trading is not available at OKCoin, while it is at the company’s other brand OKEX. Overall this is a solid platform. Scores: Binance – 5, Huobi – 2.5, OKEX … The exchange was founded by Chinese entrepreneur Star … OKCoin has not been involved in major hacking scandals so far. ForexBrokerz.com does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations. OKEX offers extremely low trading fees when compared to the competition. OKCoin was rebranded OKex but they still have separate website and markets isn't it ? Leverage Supports futures for BTC and LTC with leverage of from 0.01 to 100. OKEx is a popular–if controversial–cryptocurrency exchange with a major emphasis on derivative products like futures trading. View Entire Discussion (3 Comments) More posts from the BitcoinMarkets community The most unique things about OKEX are the stand-alone desktop platform (which we will get to later) and the availability of Bitcoin and Litecoin futures contracts. OKEx is the world’s largest cryptocurrency, spot & derivatives and bitcoin exchange. That being said, BTC and LTC futures contracts are also available on this exchange. Useful OKEx was founded in 2017 with headquarters in Malta and the Republic of Seychelles.OKEx expanded to Malta due to the island’s favourable regulatory and tax environment in regards to crypto business. They focus mainly on the Chinese market and more specifically on retail customers. While China is not strictly against Bitcoin and cryptrocurrencies altogether, the country recently banned ICOs. The company behind both of them is based in China and focuses primarily on the domestic market. Following the news, and due to its big user base in China, large bitcoin outflows from OKEx went to its competitors. The tape is also conveniently located to right. OKEX is the more trading-focused version of OKCoin. 13 Avg. This exchange allows operations with cryptocurrency and digital tokens. Fxmarkets.live review - Is Fxmarkets.live scam or good forex broker? OKEX is the name of the more trading oriented solution. Fees OKCoin .com was the international website based in HK and was home of OKC futures shortly after the creation of the site. If you want to buy Bitcoin, you can easily get it in 1 minute with Visa, Mastercard or other payment methods. OKCoin is based in China and also has a second brand. By continuing to browse the site you are agreeing to our use of cookies. The firm is officially registered in the Central American nation of Belize, but operates out of Hong Kong. OKCoin is a fiat/crypto exchange that supports legacy bank accounts and financial payment tools. OKEx provides a safe, reliable, and stable environment for crypto trading via web and mobile apps. Traffic to Competitors . Their focus was on becoming a systematic global fiat-blockchain commodity trading platform oblation spot and margin trading. The site has real-time account monitoring to display an up-to-date status of all transactions. Has another brand for sophisticated traders (OKEX). Both KuCoin and OKEx are following Binance’s lead by prioritizing usage of their native tokens and also developing their own DEXs in the meantime. The combined trading volume that these markets bring, places OKEx within the top 10 cryptocurrency exchanges by volume. This is simply the company’s focus, which also carries on to the trading instruments offered (more on them later in the review). Other than that crypto-currency transfers in BTC LTC ETH ETC and BCC are also accepted. Okex would become the international subsidiary for cryptocurrency trading of OKCoin, a house more focused on the regular sale and purchase of them and more focused on the Asian market. Press question mark to learn the rest of the keyboard shortcuts. At OKEx, they have over 600 employees, which shows just how big a business OKEx is. OKEx is the world's leading cryptocurrency trading platform, secured with bank-level SSL encryption and cold storage technology. OKEX hasn’t been the target of major hacks yet. OKEXis the name of the more trading oriented solution. CySEC scam warning! OKCoin is based in China and also has a second brand. We adopt global server load balancing, distributed clusters, other technologies for your protection.