The order book at OKCoin is also very user-friendly. We are used to forex brokers, disclosing their entry barriers. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. OKEX offers extremely low trading fees when compared to the competition. This can explain the relatively low popularity of this exchange in the west. The company behind both projects is based in China. OKEX hasn’t been the target of major hacks yet. If you want to buy Bitcoin, you can easily get it in 1 minute with Visa, Mastercard or other payment methods. Seems like Futures are only on OkEX but OkEx also have a spot market ? 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. CySEC scam warning! 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. Traders can choose between several styles of charts. That being said there are a lot of options, when it comes to charting. OKCoin is based in China and also has a second brand. 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. Their focus was on becoming a systematic global fiat-blockchain commodity trading platform oblation spot and margin trading. OKCoin is based in China and also has a second brand. 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. To ensure that the users are safe from fraudsters and hackers, the site makes use of a 128-bit encryption. Useful Money transfers in CNY are accepted at OKCoin. 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. This is simply the company’s focus, which also carries on to the trading instruments offered (more on them later in the review). OKEx is a safe cryptocurrency exchange that features several security measures on its platform to protect client information. The forex brokers who offer bitcoin trading on the other hand include all of their costs in the spread. While OKCoin accepts real money transfers, they can only be done in Chinese Yuan (CYN). That being the case, only three coins are available for trading. Here is a summary of OKEX: Forex trading carries a high level of risk and may not be suitable for all investors. OKEX is a digital asset exchange, under the umbrella of OKCoin. Margin trading is not available at OKCoin, while it is at the company’s other brand OKEX. Continue on OKEx if you reside outside of your current country and can provide a valid government issued ID. 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. Scores: Binance – 5, Huobi – 2.5, OKEX … Here you’ll find some of our featured OKCoin Crypto Exchange content pieces as well as all our latest OKCoin creator posts. A broker cannot be compared to itself. Additionally, the platform offered by OKEX allows multiple-monitor support. okex vs okcoin. ExForexbtcTrade review - Is exforexbtctrade.com scam or good forex broker? Investor Star Xu created the cryptocurrency exchange OKCoin in … 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”. OKCoin .com was the international website based in HK and was home of OKC futures shortly after the creation of the site. OKEx has created an ecosystem that works well for cryptocurrency traders. 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. OKEXis the name of the more trading oriented solution. 54 Organic Competition. 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. OKEX is the name of the more trading oriented solution. OKCoin is the simpler exchange and focuses on pure buying and selling of … There is no information on the minimum deposit at OKCoin. On the other hand, the forex brokers, who provide Bitcoin trading include their costs only in the spread. This exchange allows operations with cryptocurrency and digital tokens. OKCoin had to shut down its domestic service when China cracked down on cryptocurrency activity within the country. 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. Wobit Review - is wobit.io scam or good crypto broker? In essence OKCoin is the company which takes fiat currency deposits (only in Yuan), while the other website is the more trader-oriented exchange. While you may be used to browser-based trading, there are a few advantages to having a separate piece of software. The firm is officially registered in the Central American nation of Belize, but operates out of Hong Kong. Luckily for the more aggressive traders there is no difference for market “makers” and “takers”. Trading at OKCoin is only done against the Chineese Yuan (CNY), while the other brand owned by the company provides more products. 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. Xtb-groups.io Review: Beware of xtb-groups.io Review! With greater volumes, the rate declines, which is also a procedure applied by multiple exchanges. 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. Please choose different brokers. The exchange was founded by Chinese entrepreneur Star … 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. Read our Privacy Policy. That being said, OkCoi… FCA scam warning! Leverage Forexbrokerz website uses cookies. Okcoin is for exchanging fiat and crypto (although USD withdrawals and deposits are currently suspended). Fees at OKCoin are competitive with the current offers by other brokers, going as high as 0.20%. Hi everyone! Trading instruments (cryptocurrencies) The available assets at OKEX are BTC, ETH and LTC. StocksFinancials review - Is stocksfin.com scam or good forex broker? Growing traffic for these popular keywords may be easier than trying to rank for brand new keywords. Minimum initial deposit Pure Cryptonic Review - is purecryptonic.com scam or good forex broker? 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. OKEx Overview. Fees 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. 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. The options currently available are: BTC, LTC, ETH, ETC and BCC. Fxmarkets.live review - Is Fxmarkets.live scam or good forex broker? OKEx has operated as a separate entity from OKCoin since 2017 and has moved its headquarters to Malta. This happened after OKCoin introduced a ban on trading in futures. 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. CySEC scam warning! While this brings some assurance, in terms of security, it does not guarantee this will not happen in the future. 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. At OKEx, they have over 600 employees, which shows just how big a business OKEx is. Below we explore more about how OKEx got started. We adopt global server load balancing, distributed clusters, other technologies for your protection. The maximum leverage at OKEX is 1:20. This is rather odd, especially given the fact they accept deposits in Yuan. Where 20 million users across 200 countries and regions trade over $100 billion of cryptos every year. The company, security of funds OKEX is the more trading-focused version of OKCoin. Besides operating bitcoin exchanges, OKCoin has a mobile consumer payment and lending application. The addition of Etherem Classic and Bitcoin Cash will be appreciated by some users. Leverage at crypto-exchanges is usually lower than the one provided for forex trading, where brokers often allow 1:500 or even higher ratios. 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. OKCoin is the largest Chinese cryptocurrency exchange, which is mainly oriented towards the domestic market. That being the case, only three coins are available for trading. Okex doesn't support banking and only has futures and crypto-crypto spot markets. 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. +1 226 798 4487 [email protected] ©2021 OKEX.COM. Okex doesn't support banking and only has futures and crypto-crypto spot markets. Overall this is a solid platform. Best Brands Group Review: Beware of bbgroupfx.com! Chinese crypto exchange OKCoin created OKEx in 2014 to provide crypto trading services outside of China. 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. View Entire Discussion (3 Comments) More posts from the BitcoinMarkets community You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. SuperGlobalFxFinance review - Is superglobalfxfinance.com scam or good forex broker? 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. OKEx is a Cryptocurrency exchange registered in Malta and founded in 2017. 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. The company behind both of them is based in China and focuses primarily on the domestic market. OKEX is directly linked to OKCoin, so you can make a CNY transfer to the latter and trade on the more sophisticated exchange. The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. No information on the minimum initial deposit is available at OKEX. We do not present any guarantees for the accuracy and reliability of this information. OKEx is the world’s largest cryptocurrency, spot & derivatives and bitcoin exchange. Minimum initial deposit Supports futures for BTC and LTC with leverage of from 0.01 to 100. With a click of a button you can duplicate the entire layout multiple times and move it to another monitor. 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. This is also combined with the concerns about Chinese regulatory actions in the cryptocurrency space, as the country recently banned ICOs. Other than that crypto-currency transfers in BTC LTC ETH ETC and BCC are also accepted. With that in mind, they may be planning on applying rules on all crypto-transactions, which may affect OKCoin. Additionally cryptocurrencty transfers in BTC, ETH and LTC are accepted. An OKEx exchange review shows that they serve areas worldwide via no less than 420 markets. Essentially you can open a wallet for each of the coins and use them to transfer funds. They are being traded against the USD and CNY. OKEX is the more trading-focused version of OKCoin. 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 … OKEx is a popular–if controversial–cryptocurrency exchange with a major emphasis on derivative products like futures trading. That being said, OkCoin used to accept USD deposits, but “issues with intermediary banks” caused the company to cease this activity, much like Bitfinex. OKEx exchange is a Chinese crypto exchange, which separated from the well-known OKCoin platform. 1. OKEX is a digital asset exchange owned by OKCoin. Otherwise there have been no security issues with OKCoin. Here is a preview: One can clearly distinguish between the bids and asks. Start free trial for all Keywords. They also manage to keep strong liquidity in the CNY/BTC pair. That being said, cryptocurrencies are a lot more volatile, so margin trading is a lot riskier, in general. OKCoin has not been involved in major hacking scandals so far. OKCoin is based in China and also has a second brand. Additionally OKCoin stopped accepting US clients, probably because of pressure to comply with US regulators. Welcome to our OKCoin news page. Trading instruments (cryptocurrencies) 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 … OKCoin is a fiat/crypto exchange that supports legacy bank accounts and financial payment tools. OKEx, founded in 2017, is a digital asset exchange or cryptocurrency exchange headquartered in Malta and has an office in Hong Kong. The tape is also conveniently located to right. For a full comparison of the two types of services read this post. 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. Also for a large chunk of time maintained a spot USD market with a banking relationship. 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 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. 13 Avg. Okcoin is for exchanging fiat and crypto (although USD withdrawals and deposits are currently suspended). Fees OKCoin was rebranded OKex but they still have separate website and markets isn't it ? OKEX is a digital asset exchange owned by OKCoin. While OKCoin accepts real money transfers, they can only be done in Chinese Yuan (CYN). Here is a summary of the pros and cons: OKEX is a digital asset exchange, under the umbrella of OKCoin. The site has real-time account monitoring to display an up-to-date status of all transactions. OKEX is the name of the more trading oriented solution. Following the news, and due to its big user base in China, large bitcoin outflows from OKEx went to its competitors. Having to run a trading platform alongside them doesn’t help in that regard. OKEX is a cryptocurrency exchange launched in 2017 by Chinese bitcoin mogul OKCoin. Those who were frustrated with the way USD bank transfers support ended are the least happy customers. This is a lot better than the average of around 0.20-0.25%, offered by most other exchanges. It also has its own token, OKB. While we are on the topic of regulation, we must mention the rather obvious (for some, at least). OKCoin and OKEx still keep offices in Beijing and Shanghai and allow domestic investors to trade cryptocurrencies through OTC trading. I still don't get it. This secures the data stored in the network. The combined trading volume that these markets bring, places OKEx within the top 10 cryptocurrency exchanges by volume. Trading volumes and liquidity for the major coins are quite high. 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. There is a 0.03% fee for opening a new position and nothing is charged for the closing transaction. There are simple ones, the solution provided by trading view, as well as a proprietary solution. Leverage Learn the latest news about Bitcoin, mainstream cryptocurrencies and cryptocurrency categories. All textual content on ForexBrokerz.com is copyrighted and protected under intellectual property law. The company’s other brand OKEX offers an even more sophisticated solution. Another important difference between the two is that in OKex we cannot deposit with fiat currencies and in Okcoin … The company targets retail customers, while also providing another brand OKEX, for the more sophisticated traders. Traffic to Competitors . OKEx is the world's leading cryptocurrency trading platform, secured with bank-level SSL encryption and cold storage technology. However, in the cryptoverse, not demanding a minimum deposit isn’t anything special. So what is OkCoin for then ? 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. OKEx is one of the leading exchanges by trading volume for several cryptos – as per what is claimed by the company. 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.. All information on ForexBrokerz.com is only published for general information purposes. They also mostly provide CFD trading. Press question mark to learn the rest of the keyboard shortcuts. OKEX is one of the few crypto-exghanges which offers a stand-alone desktop platform. 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.