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 OKEx consists of four parts: general information, fees, deposit methods and security.
OKEx is a cryptocurrency exchange that was previously based in Hong Kong. To our understanding though, it has now relocated its main offices to Malaysia. In our Cryptocurrency Exchange List, we only have two other exchanges headquartered in Malaysia: Xbit Asia and Belfrics.
US-investors may not trade on this exchange. So if you are a US-investor and want to trade at OKEx, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.
This exchange is regularly one of the top 5 exchanges in terms of trading volume, meaning that the cryptocurrency orders executed here are worth a significiant amount of money (rarely below 1 billion USD per day). This exchange thus offers extreme liquidity which is very advantageous for all investors trading here. On the date of last updating this review, 18 July 2019, this trading platform even had the highest 24 hour trading volume in the world: USD 2.47 billion.
If you require that your exchange is also available as an application or a downloadable client for your desktop, then you have come to the right place. This exchange is available for download at both the App Store and Google Play. It is also available as a download client for both Mac and Windows.
OKEx 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 OKEx:
OKEx Trading fees
The trading fees for takers charged by this exchange are 0.15%. This fee is slightly below the industry average. The industry average is arguably around 0.25%, but we are currently seeing a lot of exchanges lowering the trading fees. The industry averages are therefore slowly moving towards 0.15% and 0.10%.
OKEx also offers a discount for the makers in the trades, setting the fee for them at 0.10%.
OKEx Withdrawal fees
This trading platform charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. This exchange’s withdrawal fees are thus roughly 40% lower than industry average.
All in all, the fees at OKEx are competitive.
Here, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.
OKEx’s security score is D, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
Liquidity is something very important for all exchanges, cryptocurrency exchanges but also regular stock market exchanges. The above exchange does indeed have great liquidity. However, the following cryptocurrency exchanges are also regularly among the cryptocurrency exchanges with the absolutely best liquidity in the world: