OKEx Review: Good Or Not?

In this OKEx crypto exchange review, we are talking more about the exchange and some of its top features. Our OKEx review UK will also address trading volume and fees as the things that are essential for users to understand before investing. For those of you who don’t know, OKEx is an exchange that offers more than spot trading and derivatives – you can also explore margin trading, bridges, mining pools, a cloud service, decentralized options (OKExChain), loans, broker options, and so on.

All of this positioned the exchange among the top, which you can see in our full OKEx crypto exchange review below. It is also one of the most versatile exchanges out there that offers an education platform helping traders learn more about trading in general. This makes it one of the best exchanges out there for beginners and advanced traders alike.

If you have typed in “OKEx review UK” in Google and are expecting to learn more about this exchange, you are in the right place. Let’s begin.

OKEx Crypto Exchange Review: Main Features

Also known as OKX, the world-leading exchange has a diverse marketplace full of global crypto players and institutional investors. While the former are mostly trading on the platform, the latter comes to manage crypto assets and further enhance their investment opportunities, hedging risks. With spot and derivatives trading, these users explore the variety of futures, perpetual swaps, and options of major cryptocurrencies. Therefore, versatility is one of the strengths that the exchange has and is worth mentioning in this OKEx review.

The exchange platform is available in two ways: in-browser and desktop software, making it useful for every trader. Since most trading platforms are heavy, downloadable software is a good way to avoid the risk of a browser running into memory and processing difficulties or otherwise freezing.

Another thing worth mentioning in this OKEx review UK is the exchange markets, which are the standard for crypto-to-crypto trading. There is margin trading with a maximum of 20:1 leverage available – the highest of any cryptocurrencies exchanged. However, due to its volatility, it is generally limited. As of lately, OKEx also added algorithmic trading tools. The only downside is that the exchange only allows trading in CNY (Chinese yen) as a fiat currency, which means that it is oriented mainly toward the Chinese marketplace.

Exchange Fees: Are They Big?

The next part of this OKEx review is fees – which are something that users on this exchange take advantage of. Namely, rock bottom trading fees are a strength for OKEx. The exchange breaks currencies down into different pricing tiers – you can see very low fees (even at their upper end). For instance, the highest trading fees payable for low-volume accounts are 0.15% as a maker fee and 0.2% as a taker fee. However, a big downside in this OKEx exchange review is the fact that the exchange does not disclose the hidden fees for deposits and withdrawals.

In terms of security, this OKEx crypto exchange review aims to assure you that you are trading on one of the world’s major cryptocurrency exchanges, so you don’t have to worry. The cybersecurity architecture is laid out well, and there is a GSLB (distributed server clusters and cold storage options) for multi-signature wallets as one of the common security measures.

If you go online searching for an honest OKEx review UK, you will see that this one is a trusted and top crypto exchange that is used by millions. Plenty of people even compare OKEx to Coinbase but choose the former because of its ease of buying, holding, and exchanging hundreds of cryptocurrencies with competitive trading fees.

Customer Support: Is It OK?

When it comes to customer support, you can call them via phone or reach out to them through their email-based ticketing system and several messaging apps and social media channels. Feedback is mixed with complaints online; you can see a real diversity there, with most users complaining about the slow response rates of their customer support. That is why many don’t choose OKEx or even label it as OKEx scam. However, the exchange is regulated and trusted.

Setting up an account on OKEx is easy. The good thing is that you can trade so many cryptocurrencies – from Bitcoin to Ethereum, Terra, TRON, Avalanche, Polygon, Ripple, Terra, OKB, Yearn.finance, Polkadot, Shuba Inu, Solana, and a lot more. The trading experience is simple, which is one of the strengths of this platform and a highlight in this OKEx review UK. So, people looking for simple ways to trade crypto should definitely consider OKEx.

Should You Trade On OKEx?

Simple and intuitive – these are some of the most common words you’ll spot in any OKEx exchange review out there. All of that is good, especially for new users and people who are willing to explore cryptocurrency or buy their first Bitcoin, Ethereum, or another cryptocurrency that they can earn profits on.

Additionally, a huge part of this OKEx review highlights how easy it is to swap currencies (including stablecoins) through the conversion form, which works wonders and is very easy to understand. All in all, opening an account in OKEx is easy, and the customer service is helpful. Even though most of the OKEx reviews online show mixed customer satisfaction, users certainly appreciate the easy online experience, fast transactions, and low fees.

All in all, the OKEx review shows that this one is a well-backed exchange that has global ambitions, which is something users appreciate. Its low trading fees and good learning curve are among the pluses that appeal to all traders.