Are you looking for more passive earning options with cryptocurrencies? A centralized exchange with low fees and a wide variety of popular tokens that supports more fiat currency? An exchange that has never been hacked and is easy to use? We have an answer, Okx, previously called Okex Exchange is one of the most preferable exchanges in the world.
OKX is a Seychelles-registered cryptocurrency exchange Founded in 2017 By Star Xu. Initially, it was known by the name Okex, but in Jan 2022, it rebranded itself as Okx. It offers spot, margin, futures, options trading, lending, and mining services. The current CEO of the company is Jay Hao.
Okx was first registered in Beijing, China. Then, it moved to its present headquarters in Seychelles as China banned cryptocurrency. Okx has its own native coin OKC Token. Now, Okx currently serves more than millions of customers from more than 180 countries.
With Okx you can now
Though Okx offers more than 100 cryptocurrencies for its users, some of the popular cryptocurrencies on its platform are
Let us create a new account on Okx
Let us learn how to buy cryptocurrency on Okx. Identity verification is a mandatory step before buying cryptocurrency in Okx.
Let us learn to sell crypto on Okx
Let us learn how to deposit cryptocurrency on the Okx exchange
Let us learn how to withdraw assets from okx
Okx exchange uses a maker/taker fee model for charging trading fees from its users. Market makers are charged less than market takers. In addition to that, Okx also gives many discounts to users holding more OKB tokens and with high-volume trading.
For regular users, the maker/ taker fee is 0.080% & 0.100% respectively.
For VIP user maker/ taker fee is 0.060% & 0.080% respectively.
There is a considerable decrease in trading fees as your 30-day trading volume and digital assets increase
Regular users are categorized based on the trade volume and OKB holding. VIP-level users are categorized based on the assets they hold and 30-day trading volume
| Tier | Total OKB holding | Assets (USD) | or | 30-day trading volume (USD) | Maker fee | Taker fee | 24h withdrawal limit (BTC) |
| Lv1 | < 500 | < 100,000 | / | < 10,000,000 | 0.08% | 0.10% | 500 |
| Lv2 | ≥ 500 | < 100,000 | / | < 10,000,000 | 0.08% | 0.10% | 500 |
| Lv3 | ≥ 1,000 | < 100,000 | / | < 10,000,000 | 0.07% | 0.09% | 500 |
| Lv4 | ≥ 1,500 | < 100,000 | / | < 10,000,000 | 0.07% | 0.09% | 500 |
| Lv5 | ≥ 2,000 | < 100,000 | / | < 10,000,000 | 0.06% | 0.08% | 500 |
| Tier | Assets (USD) | or | 30-day trading volume (USD) | Maker fee | Taker fee | 24h withdrawal limit(BTC) |
| VIP 1 | ≥ 100,000 | / | ≥ 10,000,000 | 0.06% | 0.08% | 600 |
| VIP 2 | ≥ 500,000 | / | ≥ 20,000,000 | 0.05% | 0.07% | 800 |
| VIP 3 | ≥ 2,000,000 | / | ≥ 50,000,000 | 0.03% | 0.06% | 1,000 |
| VIP 4 | ≥ 5,000,000 | / | ≥ 100,000,000 | 0.02% | 0.05% | 1,200 |
| VIP 5 | ≥ 10,000,000 | / | ≥ 200,000,000 | 0.00% | 0.04% | 1,500 |
| VIP 6 | — | / | ≥ 500,000,000 | 0.00% | 0.03% | 1,800 |
| VIP 7 | — | / | ≥ 1,000,000,000 | -0.01% | 0.03% | 2,000 |
| VIP 8 | — | / | ≥ 10,000,000,000 | -0.01% | 0.02% | 2,000 |
Since FTX’s fall, it has become a necessity to showcase proof of reserve of cryptocurrency exchanges. With this in mind, Okx exchange is one of the leading pioneers in the industry to showcase proof of reserve to its customers to gain trust and credibility
With the Okx referral program, you unlock a mystery box that contains gifts worth $10,000.
Steps to follow
If you are an influencer with a large number of followers you can benefit from the affiliate program. Apply for the affiliate program and get 50% of your invitee’s trading fees as your commission on the Okx exchange.
You can promote affiliate links on videos, blogs, social media, and website ads. This is a lifetime offer and has no time limit.
You can also earn with other co-inviters where you can earn up to 30% of invitees’ trading fees
Okx exchange has a dedicated help section that contains topics for troubleshooting problems and FAQs. If you are still not happy with the help section, you can chat with the Chatbot where you have to specifically type your query. Again it will give you related article links from the blog section. We are not truly happy with the customer support as there is no phone support or email for immediate issues.
30 Mar 2023 – OKX will release approximately $157 million in frozen assets related to FTX and Alameda Research to debtors in response to a motion filed in the FTX bankruptcy proceedings.
30 Mar 2023 – OKX has launched Alchemy Pay’s fiat-crypto on-ramp solution on its platform, allowing users in over 180 countries to access OKX for crypto purchases via local fiat currencies.
23 Nov 2022 – OKX exchange released ‘Proof of Reserve’ on its website to maintain transparency of the firm
Okx exchange, previously known as Okx, is an innovative cryptocurrency agency that is friendly for both beginners and experienced traders. It offers some of the best passive earning programs like staking, fixed-income scheme, dual investments, and referral/ affiliate bonus.
As it uses a lightning network, the trade orders are smoothly executed without any delay. The trading fees are reasonable and if you are a high-volume trader or OKB holder you will get additional trading discounts.
Okx exchange offers mystery boxes to new users which can contain prizes with $10,000 or cryptos in equivalent. The learning section is a plus point for beginners to start their crypto journey.
The verification process usually finishes in one day but, if there is more queue it can take up to 3-4 days. Okx has never been hacked and has got world-class safety features to protect customer funds. The exchange recently published Proof-of-reserve which shows that user assets are backed to real assets in a 1:1 ratio. Okx is one of the few companies to publish proof of reserve post-FTX crash.
The only problem is that it is not available in the United States, Canada, United Kingdom, Iran, Syria, Bangladesh, and 10 other countries.
Okx exchange is definitely a good exchange for you if you are a beginner or intermediate trader.
Okx is currently not available in the U.S.
It has a simple platform that works well both for beginners and intermediate traders. The app is simple and easy on the eyes. There is a helpful article for beginners in the help section of the website.
A user can deposit and start trading without KYC verification. However, recommend you do KYC verification to use the full feature and benefits from Okx.
Okx uses the Lightning network to deposit and withdraw BTC. A lightning network is a decentralized payment protocol that allows instant, off-chain transactions on a blockchain, such as Bitcoin
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