OKX offers a wide variety of trading and earning products
OKX offers very low fees, but it's not available to U.S. investors
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Introduction
A cryptocurrency startup called OKX provides a range of extra services in addition to a bitcoin exchange. Users can access the Seychelles-based exchange from all around the world, although it is noticeably unavailable in the United States. For international cryptocurrency traders wishing to purchase and sell with minimal exchange costs, OKX can be a viable option.
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You may quickly purchase cryptocurrency with an OKX account using a card, bank account, or mobile wallet. It occasionally provides very high yields when using the staking or storing features. It supports a lot of different currencies and offers a wide range of services, despite not being the biggest cryptocurrency exchange around. OKX could be able to satisfy your needs if you want to manage all of your bitcoin activity with a single login.
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Company Overview
OKX was established in 2017 and continues to have offices all around the world in addition to its Seychelles headquarters. OKX is the 18th-largest cryptocurrency exchange in the world by volume, according to CoinMarketCap.
In more than 100 countries, the website claims to have over 20 million subscribers. Due to regulatory and compliance issues, they do not accept users from the United States.
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You can open an account that provides you access to trade 343 spot currencies if your region is one that OKX supports.
Additionally, OKX offers advanced goods including mining pools and its own blockchain, known as OKExChain, as well as margin borrowing, generating cryptocurrency through staking and savings, cryptocurrency-backed loans, and other ways to do so. OKX could serve as your principal location for bitcoin-related activity or as an exchange you use in addition to a third-party cryptocurrency wallet.
Cryptocurrencies Available on OKX
We couldn't list every supported cryptocurrency in our OKX review because there are over 300 of them. The overall number of currencies on the exchange is 343.
The top ten currencies traded on OKX by volume are listed below:
Bitcoin \sOKB \sTerra \sEthereum \sTRON \sAvalanche
APENFT \sSolana \sPolygon \sJUST \sXRP \sYearn.finance
Dogecoin Shiba Inu Polkadot
A vast variety of the most widely used currencies are supported by OKX. There's a strong possibility you'll find the coin you're looking for at OKX.
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Trading Experience
Like many sizable cryptocurrency exchanges, OKX provides both an active trading platform for intermediate to experienced traders and a straightforward trading form that is ideal for newcomers.
Simple and clear basic forms are provided for purchasing and converting cryptocurrencies. This is advantageous for those who want to purchase their first Bitcoin, Ethereum, or any supported cryptocurrency but are new to the market.
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Fees
By dividing currencies into various pricing tiers, OKX takes account holdings and trade volume into account. The maximum fee for spot trades is 0.10%. Discounts may be available to high volume traders and individuals with sizable holdings in the OKB currency. Options, swaps, and futures all have unique rate schedules with different fees.
The fact that OKX withholds information about withdrawal and deposit fees is a significant drawback. Even while OKX is largely clear, hidden costs are a warning sign that you should consider using another exchange with open charge schedules.
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Opening an OKX Account
Anyone living outside of the US can easily open an account. You will find a familiar experience at OKX if you have ever opened a brokerage account for the stock market or another cryptocurrency exchange.
Creating an account using your personal contact information is the first step. You must comply with OKX's KYC (know your customer) criteria in order to access all of the trading features it provides. A government identity number must be entered in order to complete a Level One KYC-verified account. Level Two requires using partner Netverify to upload an image of their ID and a selfie. You must consent to a disclaimer in order to go to Level 3.
Unverified accounts can trade up to $500 and withdraw up to 10 BTC every day, whilst higher levels allow you bigger withdrawal limits.
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