Rekt but at what price?

Reliable crypto exchanges usually have a mobile app that you can use on the go. An app can come in handy if you need to make quick transactions or check the pricing without having to use a desktop device.

• Unlike stock exchanges that have limited trading hours, crypto exchanges are active and available 24 hours per day, 7 days a week.
• Working together, they check for abnormal behaviors in transaction amount or frequency and delay or refuse any transactions deemed suspicious, thereby quickly preventing large withdrawals from malicious actors.
• For those on the other side of the liquidation trades, this meant buying bitcoin at extremely favourable prices.
• The new token is designed to help users access unique rewards and save on fees.
• Instead, each seller requests their own exchange prices, which is why you will see different pricing on different platforms.
• 67% of retail investor accounts lose money when trading CFDs with this provider.

It is simple to use and affordable, and its variety of trading options means you have different avenues to make money. Like stock trading apps, OKEx does its best to simplify the crypto trading process for you. It has a clear and intuitive interface, complete with charting tools and different order types. You can contact them via phone, email, and different social media platforms.

I’m quite satisfied with OKEx.

To open a perpetual swap, traders also have to leave an initial stake at the exchange on which they place their bets. This margin can be paid either in cryptocurrency or fiat currency. Although the OKEx team’s official announcement states that an individual in possession of the exchange’s private keys of the cold wallet is currently cooperating with a public security bureau in investigations. In short, this means that the person arrested is so important to the company that withdrawals could not happen without him around. Jay Hao, the CEO and co-founder of OKEx, stated that the issue was over a personal matter. However, its inability to provide quality features like professional customer service, extensive market listing among others, has made many of its existing clients commence searching for suitable alternatives.

This can be very useful, especially if you are starting in trading. EToro also has several impressive features, including and especially the Copy Trading feature that lets you directly duplicate exact trades from some of the most popular traders on the platform. For newbies looking to get the hang of day trading, this feature is beyond essential.

Does OKEx have a Mobile App?

KuCoin offers nearly all the same features as Binance and thus is a great alternative. The platform does not provide sophisticated tools for professional traders. Spot trading for supported coins with limit and https://www.tokenexus.com/ market order types. OKEx doesn’t ask for identity verification for basic transactions. However, you will need to complete the exchange’s KYC processes if you want to make transactions exceeding 200 BTC daily.

• This is a viable Bittrex alternative, especially for traders looking for a more complete experience.
• The weights of each of the five exchange’s price contribution to the index are not disclosed.
• The assets themselves are lent to margin traders for their trading activities.
• Note that there is a timeline for you to make the transfer if you select a particular seller you want to buy from.
• You will need to trade them with popular coin-based markets like Bitcoin and Ether.
• This could be due to the current backlogs of application the FCA has to sift through.

We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks. Originally, it was an overseas platform for Chinese traders to invest in digital assets and foreign currency, but it has since become popular with people all over the world. The company claims to be “the most advanced trading platform, with an excellent range of cyber and fiat currencies, including Bitcoin, Ethereum, USD, EUR, GBP and CNY. OkEx has been growing rapidly since its inception, and at the time of writing, ranks as the fifth largest crypto-exchange by volume on the internet. With over 1 million monthly visits from the United States alone, many traders rate OkEx highly because of its high liquidity and low fees.

Volume

The OKEx crypt exchange conducted withdrawal tests in anticipation of the full recovery of operations. Managing Stakes with Edge CLI Two weeks ago we told you about the integrated staking system that we’ve been working on over the past month or so, since the initial version of Console was released. Today we’re happy to release the first version of stake management, which you can access via the latest version of Edge CLI. Console v1.2 released Today we release Console version 1.2, which among other things includes a new list view for the Devices page, so those of you who have a large number of devices can more easily see their status. Step 6 – Lets’ connect and get you involved in the community where you can attend regular trainings for hyperfine and crypto currency. Kraken has relatively strong listing standards and does not easily support new and unproven projects. Traders enjoy fee discounts when using the exchange’s native token, FTT.

• EToro is another platform that allows traders and investors to make bets and possibly earn returns.
• U.S customers are referred to the FTX.us platform, which focuses on the customers from that region.
• Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate.
• There have been reports of hacking issues and account passwords being bypassed.
• Conditional orders enable traders to specify trading conditions such as buying/selling only after certain events happen, such as when Bitcoin reaches a specific price level.

This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. While the crypto market, in general, is advancing, several smaller decentralized finance projects have been exploited over the last few days, with most of the attacks using so-called flash loans. The rules also permit an exchange’s price to be removed from the index calculation if it deviates from the mid-price of other feeds by more than a certain amount. He declined to say which exchanges had been taken out of the indices’ calculations. The difference between the mark price and the actual liquidation price appears to reflect a mandatory payment to Binance’s insurance fund. Instead, traders either pay or receive a funding rate on open swap positions, with longs paying shorts when the funding rate is positive.

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OKEx offers spot trading for over 150 different digital assets across 450 trading pairs. Markets are formed for trading pairs primarily with dollar-based stablecoins, Bitcoin, Ether, and the exchange’s OKB token. Launched in 2014, Bittrex is one of the most widely used cryptocurrency exchanges, consisting of global.bittrex.com and . Although both platforms are good, investors and traders might begin to seek out some Bittrex alternatives, perhaps because they want a particular feature not available on either platform. Since Binance caters to the needs of professional traders, Bitfinex is another great alternative to Binance. Despite starting as a peer-to-peer exchange, Bitfinex has grown into one of the world’s largest spot and derivatives cryptocurrency exchanges by trading volume.

Founded in 2014 and incorporated in Belize, OKX is operated by OKX Technology Company Limited. The platform announced in April 2018 that it was planning on opening an office on the cryptocurrency-friendly island nation of Malta, offering its services to millions of users in over 100 countries. If you are new to trading cryptocurrency, it is important to look for a beginner-friendly site to get started.

How Do Exchanges Work?

To guarantee the safety of users’ assets, which remains OKEx’s number-one priority at all times. Over the years, the exchange has gained unrivaled experience in safely operating digital wallets, assets and transactions with no major security incidents. There are no withdrawal limits, which means you can withdraw at any time without being limited by a set amount like other exchanges might be. This is great for high-volume traders who need to make multiple withdrawals in a day or even an hour. OKX offers its crypto trading services to users in more than 100 countries around the world, including the UK. However, if you’re unsure whether you’ll be able to access OKX from your country of residence, contact the platform’s support team for more information.

This allows you to start trading crypto-to-crypto, but if you want to make a fiat deposit or withdraw any funds from your account, you’ll need to provide additional personal details. Trade more than 290 cryptocurrencies on one of the world’s largest digital asset exchanges. You should avoid letting your coins sit in the exchange for an extended period because, you do not have full ownership over those assets. Therefore, make sure to transfer them to a wallet under your control right after the transaction. The platform then acts as a matchmaking service by connecting you to the seller who is most compatible with your requirements.

Supported Coins

The function of these platforms is to ensure that transactions are performed in a fair and orderly manner. Clients can also speculate on the digital currency markets using quarterly futures, perpetual swaps and options. For traders interested in these alternative okex review products, the exchange collates useful data in an easy-to-digest format, with the latest prices, recent volumes, plus open interest information. Before investing in foreign exchange, carefully consider your level of experience and risk appetite.

From Another Exchange like Binance

Another cryptocurrency exchange that can be considered a close substitute for Bittrex is OKEx. Founded in 2017, OKEx is a cryptocurrency trading platform that has its operations available across 100 countries. Like Bittrex, OKEx has its subsidiary Okcoin exchange, which focuses on US-based clients.

Author: Frances Yue