Okex - Review exchanges - General information and peculiarities of buying cryptocurrency

Okex - Review exchanges - General information and peculiarities of buying cryptocurrency

Chinese cryptocurrency market Okex belongs to one of the most influential players in the industry - OKCoin. It speaks about the prospects of the platform, despite the age of the project (running exchange was only in may 2017).okcoin

History of creation Okex started with the ban of futures trading in the digital currency to the parent exchange OKCoin. The company therefore decided to create a subsidiary in a jurisdiction where this option would be available to users legally. That is why the platform Okex was registered in the offshore zone (in Belize). All correspondence is sent to the address in China.

Technical characteristics of the exchange

Interface of the platform is only available in two languages: native Chinese and English (Russian version is not available). However, many traders note that the English texts contain a huge number of errors that can talk about focus the exchange on the domestic market. Okex not in a hurry to move into the category of international services. But it allowed her to become one of the leaders in the daily turnover cryptocurrency — about 19 000 BTC per day.okex

Now traders are encouraged more than 270 financial instruments to trade, and more than 90 cryptocurrency pairs. The top ten most popular altcoins includes the most common types of cryptocurrency: bitcoin, the Ethereum, EOS, bitcoin, cash, litecoin, ethereum classic and others.

A feature of the platform is the ability to trade futures on digital currency tool trading on margin. However, the futures Okex differs from all known trading instrument (e.g., futures on the CME); it allows to earn on falling rates of cryptocurrencies and provides hashing risks.

The platform has a desktop solution running on a PC running the operating systems Windows and Mac, however, apps available in Chinese only.

Advantages and disadvantages of the platform

Market Okex has its pros and cons, this is due to the peculiarity of its work and focus on the Chinese market.

Dignities

  • Large selection cryptocurrency pairs for trading;
  • A large number of pairs to USDT;
  • The ability to trade futures;
  • The ability to use margin trading;
  • Huge daily turnover, which only increases the liquidity of the exchange and provides good earnings to traders;
  • Simplified the verification process.

Disadvantages

  • The lack of Russian interface, that prevent traders who do not speak English or Chinese;
  • The lack of charts TraidingView;
  • Maker and order Taker when trading futures have the same amount of Commission;
  • There is no possibility to refill the account of Fiat money (there is no such opportunity for withdrawal);
  • Obvious orientation to the Chinese market;
  • FAQ sections don't even have the English version;
  • No affiliate program.

How to buy cryptocurrency nand exchange Okex

For the acquisition of the necessary digital currency (refill) go to the tab "Accounts". Displays the entire list of available digital currencies, each of which can be found the link "Deposit". Clicking on it displays a window with the ID of the wallet to which you want to send bitcoin to obtain the necessary number of selected Aldona.

As a conclusion, it should be noted that the exchange Okex – a pretty good platform given the number of some of the features that favorably distinguishes it from similar services, however, the ground under vnutrikitayskoy the market complicates the process of its development and makes it impossible to trade, if you know only Russian language.

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