UPDATE 11 December 2019: We are no longer able to access this platform’s website. The platform has no reported trading volume at the major crypto data sites either. Accordingly, we have marked this exchange as “dead” in our database.
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A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of OEX consists of four parts: general information, fees, deposit methods and security.
OEX is a cryptocurrency exchange based in Hong Kong. Many other exchanges also come from Hong Kong, including (but not limited to), the immensely popular KuCoin, Binance and Bit-Z. KuCoin and Binance are actually two of the biggest cryptocurrency exchanges in the world, so quite a stiff competition for OEX there.
It is a bit difficult to obtain information from OEX on its offering. Presumably, the non-English version of their site is more helpful. With respect to US-investors, we have not been able to ascertain whether they are permitted or not. In any event, US-investors should always check themselves if there are any issues arising from their residency or citizenship.
OEX apparently has users from nearly 50 countries and regions in the world and supports both BTC and TC trading areas. They claim to have a system built from the ground up with performance in mind that delivers ultra-fast responses and order matching times, ensuring that “you never have to wait when submitting orders”.
The trading volume at this exchange is amazing. On the date of last updating this review (18 July 2019), OEX’s 24 hour trading volume was USD 1.1 billion. This amazing amount placed OEX on place no. 18 on the list of the exchanges in the world with the highest 24 hour trading volumes. Accordingly, if you are a trader that requires high trading volume from your next exchange, then this exchange might very well be the right one for you.
OEX Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at OEX:
OEX Trading fees
The exchange offers a flat trading fee of 0.20%. OEX does accordingly not distinguish between takers and makers. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. 0.20% fee is slightly below the industry average. The industry average is arguably around 0.25%.
OEX Withdrawal fees
We have not been able to find the withdrawal fees of this exchange. This is potentially a risk for you as an investor (if the exchange does not inform of the withdrawal fees anywhere, there is a higher risk that they are high). Accordingly, we strongly urge you to make your own analysis of the withdrawal fees at this exchange before depositing any funds there and before concluding that it is the best cryptocurrency exchange site for you.
We have not been able to find any information on the deposit methods here. Accordingly, we cannot say whether they offer wire transfer deposits, credit card deposits or only cryptocurrency deposits.