OKEx is an innovative virtual currency exchange platform that provides advanced financial services to digital asset traders by leveraging blockchain technology. Headquartered in Seychelles, OKEx was founded by Star XU in 2017. Today, it is one of the largest cryptocurrency exchanges worldwide with a large userbase in Singapore. OKEx’s aim is to build the next generation financial ecosystem by eliminating financial barriers with its innovative strategies to make cryptocurrency trading and investing available for everyone. Jay Hao is the current CEO of OKEx. As the CEO of OKEx, Hao aims to serve as a key driving force within the company by inspiring the workforce, ensuring product quality, and moving forward new innovations to gain industry breakthroughs.
Yes, OKEx is a safe and secure platform and doesn’t have any history of significant hacks. By using private key generation, backups, and cold storage, the platform has designed a system that ensures top-of-the-line security to ensure that all of your digital assets are highly protected.
OKEx adopts a maker-taker fee based on average 30-day trading volumes but is low even at their upper end. The maker and taker fees on the OKEx platform start from 0.10% and 0.15%, respectively.
Yes, OKEx does enforce daily withdrawal limits based on the identity verification level of its users. For daily withdrawal limits, verification of identity is not necessary if the users make a daily withdrawal of less than 10 BTC. However, level one users can withdraw a maximum of 200 BTC per day, and for both level two and three users, the daily withdrawal limit is 500 BTC.