OKEx review

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Background Information About OKEx

 

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.

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Features of OKEx in Singapore

 

Here are some key features offered by OKEx in Singapore:

  1. Spot trading: This feature allows you to buy or sell cryptocurrencies instantly using the funds you have in hand.
  2. Margin trading: With this feature, you can use your borrowed funds to increase profits.
  3. Perpetual swaps: By using perpetual swaps, users can buy and sell contracts that do not have an expiry date
  4. Futures contracts: This feature allows trading of the cryptocurrency at a predetermined price at a future date, irrespective of the market conditions at the time the contract expires

 

Apart from these key features, OKEx offers an integrated storage wallet, crypto-to-fiat trading pairs, multiple payment methods, referral programs, and much more.

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OKEx

How to get registered on OKEx in Singapore?

 

Opening an account on OKEx is so easy that within a matter of a few minutes, you can be up and running with your account and start trading. Below is the step-by-step process to get started with OKEx in Singapore:

 

Step 1: Before you begin with the registration process, please make sure that you have your email inbox open (the one you are using for registration) in another window to speed up the process. 

Step 2: Visit the official website of OKEx, and click on the “Sign Up” button. You’ll be redirected to the sign-up page, where you have to fill in your email address. Once you enter your email address, the ‘Get Code’ button below the ‘Email’ field will get highlighted and turn into a solid blue color.

Step 3: Click on the “Get Code” button. You’ll receive a six-digit code number to the email address entered earlier. Kindly note that the system will give you only 60 seconds to retrieve the number and for entering the same in the ‘Input Verification Code’ field. You need to make a note of the verification code, or alternatively, you can copy it by highlighting the number.

Step 4: Next, you have to again navigate back to the OKEx ‘Sign Up’ screen and enter the six-digit number in the ‘Input Verification Code’ field. Alternatively, you also have the option of pasting the number in case you have copied it from your email address.

Step 5: Once you have entered the code, you will be asked to create a strong password for your account. You need to provide it in the “Password” field. At this step, you have to enter the same password one more time and confirm the password.

Step 6: On confirmation of both the passwords, the “Sign Up” button on the page will be highlighted in blue, indicating that you can now select it. Now, you have to click on the “Sign Up” button to complete the process. After this, you will now receive a verification email from OKEx.  Now, you need to open your email inbox and click on the “Verify Email” link in the email to verify your email address.

Step 7: Upon your first visit to the platform, you will have the option to choose whether you are a new or are an experienced, digital asset trader. You can select the blue highlighted button that best applies to you.

 

Now, you are ready to get started.

Free quently asked questions

1Is OKEx secure?

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.

2Are there any trading fees on OKEx?

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.

3Is there any daily withdrawal limit on OKEx?

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.