Best Crypto Exchange | What Is OKX | How To Use OKX Exchange

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Welcome to our Best Crypto Exchange Video!

The OKex exchange platform is available both in-browser and in the form of desktop client software which is downloaded. Because trading platforms are relatively heavy, downloadable software that takes most of the strain means avoiding the risk of a browser running into memory and processing difficulties and potentially freezing. The more professional nature of OKex’s exchange platform also means that it places more demand on hardware than the average cryptocurrency exchange.

The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms. A charting package, developed by parent company and sister exchange OKCoin, is also a major feature and will be appreciated by anyone with trading experience.

Exchange Markets
The OKex exchange offers the standard crypto-to-crypto trading most common for cryptocurrency exchanges as well as fiat to cryptocurrency trading. For now, unfortunately, Chinese Yuan is the only fiat currency supported. The exchange supports well over a hundred cryptocurrencies and tokens with the regular addition of new options.

Margin trading is also provided on the platform and the maximum 20:1 leverage available is the highest of any cryptocurrencies exchanged, or CFDs broker. Due to their price volatility, margin trading is generally limited to 20:1 in cryptocurrencies markets.

OKex also offers futures trading for Bitcoin, Ethereum and EOS with weekly, bi-weekly and monthly contracts available. Leveraged margin trading is also available for futures contracts.

A recent addition to the exchange’s suite of additional functionalities has been the addition of algorithmic trading tools.

Security and Fairness
As one of the world’s major cryptocurrency exchanges, backed by some major capital, it would be assumed that the cybersecurity architecture in place at OKex is in line with the best standards in the industry. The exchange itself lists GSLB, distributed server clusters and cold storage multi-signature wallets among the security measures in place.

Fees
Rock bottom trading fees is a major strength of OKex and the exchange boasts among the lowest in the cryptocurrencies market. Fees are tiered based on average 30-day trading volumes but are low even at their upper end. The highest trading fees payable for low volume accounts are a 0.15% maker fee and 0.2% taker fee. This drops as low as 0.02% and 0.05% for makers and takers fees respectively.

Support
OKex offers customer support through a phone line as well as an email-based ticketing system and several messaging apps and social media channels. Feedback on support levels is mixed with some complaints online around slow response rates or failure to resolve problems. Generally, it would appear that the exchange is quite inflexible in its systems and approach but users who understand this and act accordingly report few problems.

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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Best Crypto Exchange video. Make sure to leave a like on the video if you gained value from it!

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⏰ TimeStamps ⏰

0:00 Introduction
0:30 OKX Exchange Summary
12:11 OKX Exchange Outro

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