You likely won’t recover any funds if you accidentally send funds to the wrong wallet address. The basic forms to buy and convert cryptocurrency are simple and intuitive. This is good for people new to cryptocurrency looking to buy their first Bitcoin, Ethereum, or any other supported currency.
- The reason for this is OKX’s commitment to certifications, and compliance with regulations and insurers.
- The trading interface is easy to access via the top navigation bar, which provides quick links to virtual features, ensuring that OKX users can quickly get to grips with the platform’s layout.
- OKX’s Jumpstart Mining initiative allows you to farm DeFi tokens while supporting your chosen projects by staking OKB, OKX’s ecosystem token.
- However, if you want to withdraw fairly large sums of crypto, you’ll have to verify your identity – this is to comply with anti-money laundering laws across the world.
- Most of your OKX account needs will be self-service—plan to handle your trading and account updates yourself.
- BitMEX, for instance, also has a ton of liquidity and advanced order types, however, it lacks variety and doesn’t even offer spot trading.
- If you want a large platform with unique and promising financial tools to use once you become more experienced in crypto, OKX is a great exchange to have in your cryptocurrency toolbox.
On the OKEx academy, you’ll find lots of tutorials on a wide variety of topics suited for beginners and experienced investors. Users can easily swap between spot, margin, perpetual, copy, futures, options, and demo trading by clicking on the central ‘Trade’ button, https://www.tokenexus.com/ making it painless to access several markets. OKX offers propriety charting tools and those provided by TradingView, adding to its customizability. Additionally, customers can access drawing tools and 70+ technical indicators for performing analysis.
How to Trade on OKEx
As such, the OKX NFT Marketplace is ideal for serious investors looking to acquire several collections on different chains, like ERC-based CryptoPunks, and BEP-based Lucky Birds. OKX’s various derivatives trading products make it easy for traders to select one best suited to their strategy. However, due to the lackluster number of tradable assets, it will take more work to find promising opportunities when trading on OKX versus a platform like Binance.
- From a user perspective, the company also abides by all required KYC and AML regulations as well as requiring 2-factor authentication to access the exchange.
- It’s been around for a long time in the crypto world and is very much established.
- An added feature that may also appeal to many traders is the ability to lend or stake your coins and earn interest, or to borrow coins from other traders for set interest rates over time.
- In the wide world of cryptocurrency exchanges, OKX stands out thanks to a wide variety of features like spot and trading, perpetual swap contracts, futures, options, and even DEX trading.
- The company is now one of the largest crypto exchanges in the world, though, as a result of more robust cryptocurrency regulations, UK retail customers are unable to access derivative-related services.
However, it would be nice to see the company offer withdrawal and IP address whitelisting, as this could help prevent phishing attacks. OKX enables users to effortlessly trade crypto with zero okex review fees and no spreads using its conversion feature. The platform supports over 100 assets for conversion, which is substantially more than exchanges like KuCoin, which offers around 50.
