Your experience on this site will be improved by allowing cookies. Malta is together with Estonia and Gibraltar one of the few countries in Europe that has clear license requirements for crypto exchanges. This exchange’s withdrawal fees are thus roughly 40% lower than industry average. Facebook Okex fee structure is given below: Trading fee: maker fee varies from 0.02-0.15% while taker fee vary from 0.05-0.2%. These fees are nothing but extraordinary. Further information for margin ratio position and the borrowing amount:. Different exchanges have different trading views. OKEx is also the largest crypto spot & futures exchange in the world. The maker and taker fees start from 0.10% and 0.15% respectively. Apart from being a trading exchange, OKEx also provides cryptocurrency financial services. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. For example, ETH/USDT, ETH/BTC pairs will have fees as specified in the Type I spot fee schedule. Use our Exchange Finder to find out which alternatives you have. +800 Cryptoassets. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. If you require that your exchange is also available as an app or a downloadable client for your desktop, then you have come to the right place. OKEx (Futures) volume in the last 24 hours is reported to be at ₿215,198.49 and open interest of ₿83,722.77. YouTube On the date of last updating this review (23 March 2020, right in the middle of the crisis with COVID-19), the 24 hour trading volume according to Coinmarketcap was roughly the same (USD 2.54 billion), but on this date it only gave OKEx place no. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. 2.User B has 200000 USDT in their BTC/USDT account. This review of OKEx consists of four parts: general info, fees, deposit methods and security. OKEx exchange review 2020: Features, fees, is it a safe exchange? Cryptocurrency withdrawals on OKEx had been suspended for five weeks after one of the exchange’s private key holders could not be reached When Malta issued license requirements for crypto exchanges, a lot of exchanges from other parts of the world actually relocated to Malta. In order to withdraw your money from the exchange, you will need to take several steps: verify your email, set up Google Authenticator, bind your email and set up your funds password. And there is no “this overview is the best”-view. Trading Fees. ” For users whose assets exceeded 10,000 USDT before 4:00 pm UTC on Nov. 23, OKEx will issue a commission rebate card valued between a minimum of 100 USDT and a maximum of 1,000 USDT.” As of now, the OKEx markets have remained unaffected, but with withdrawals opening today, we may witness pricing volatility due to withdrawal requests in bulk. OKEx has a discount system through which you pay lower and lower trading fees the more you trade. This exchange is regularly one of the top 5 exchanges in terms of trading volume, meaning that the cryptocurrency orders executed here are worth a significiant amount of money (rarely below 1 billion USD per day). Withdrawal fees: fees vary OKEx also has a tiered volume-based fee discount structure which is computed from a 30-day trading volume. OKEx security levels are exceptionally high. Interest begins to accrue as soon as tokens are borrowed. The platform will also update its private key management processes and rewards scheme. The fees for futures trading are each decided token by token. OKEx charges fees according to users' trading volumes and offers fee discounts for users of different tiers, including maker and taker fee rates for spot and derivatives trading. For example, BTCUSD and BTCUSDT perpetual swaps are will be charged according to the Type I perpetual swap rate schedules. OKEx said it has been “out of touch” with the concerned private key holder, without disclosing since when and by when it could resume withdrawals. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. However, the following exchanges are also regularly among the crypto exchanges with the best liquidity in the world: We run this project for the benefit of the cryptocommunity on a small budget. Fees are imposed on users on the basis of the trading option they choose. OKEx, one of the world’s largest crypto derivatives exchanges, has resumed operations following an abrupt suspension that happened last month. Therefore, the maximum loan amount is 2000000 USDT. YouTube icon Remarks: The individual limit is calculated separately in different trading pairs. OKEx “claim to fame” so to say is that it is a one-stop-shop. Changelly, ZBX, Coindeal, Bleutrade, Graviex, Coinall, HBTC, BBX, Blockonix and The Rock Trading are today all based in Malta. For example, BTCUSD futures and BTCUSDT futures will follow the Type I futures fee schedule. Cumulative 30-day trading volume and average 24-hour holdings are automatically calculated daily at 00:00 (UTC). Check out the other new rates below: The lunar new… New sites added every week! In the article, we will make an in-depth detailed Okex exchange review along with features, services provided by the Exchange and, Exchange pros, and cons. You'll be recieving a confirmation email shortly. And also, it will only set you back USD 5,173 (calculated on the date of last updating this review, 20 November 2019). User VIP level and fee rates are updated daily at 02:00 (UTC) to correspond with the fee schedule in the table below. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. The majority of exchanges in our Exchange List actually receive an F in this test, so relatively speaking, a D is perfectly fine. ... No withdrawal or deposit fees ; … OKEx Margin Trading Rules, The available borrowing amount is determined by the minimum value of the borrowing amount calculated by the Margin Account's balance, the borrowing amount of the Main Account, and the borrowing amount of the margin ratio position. Users who have made deposits, held tokens or traded during the withdrawal suspension time period will receive 20% of OKEx’s total income from futures and perpetual swap transaction fees … So if you are a US-investor and want to trade at OKEx, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. OKEx does not charge any deposit fee for its customers. As reported by CoinDesk on Wednesday, OKEx had been preparing its platform functionality ahead of the reopening by testing its withdrawal system, as 0.02 BTC was moved out from an OKEx … This trading platform charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. OKEx’s CEO has addressed concerns regarding the exchange’s recent suspension of withdrawals. US-investors may not trade on this exchange. Rules for Margin Interest Rate Discounts and Margin Asset Borrowing Amount: The available borrowing amount is determined by the minimum value of the borrowing amount calculated by the Margin Account's balance, the borrowing amount of the Main Account, and the borrowing amount of the margin ratio position. All coin-margined perpetual swap and USDT-margined perpetual swap with this type of currency as underlying currency will follow its corresponding currency fee schedules. Rules for Margin Interest Rate Discounts and Margin Asset Borrowing Amount: They normally also have buy and sell-boxes. Deposit and Withdrawal Fees. The withdrawal fees are also quite low compared to other crypto exchanges. Instagram. By Steve Muchoki November 26th, 2020 Altcoin News, Bitcoin News, Cryptocurrency news, News OKEx Resumes Withdrawal Services After 5 Weeks of … Accordingly, the maker fee is lower than the taker fee. There are coins and 807 trading pairs on the exchange. Instagram The issue in question is that one of the exchange’s private key holders is “currently cooperating with a public security bureau in investigations where required.” As per reports the person in question is Xu Mingxing, the founder of OKEx and […] The engine analyzes deposit, trading and withdrawal fees. OKEx exchange is one of the best cryptocurrency exchange site in the market with the highest daily trading volume worldwide. On OKEx’s platform, traders do not have to pay deposit fees but are required to pay a withdrawal fee of 0.0005 BTC for bitcoin, 0.01 for ETH, and 0.15 for ripple. If you withdraw 250 BTC, 25 BTC worth of OMG and 15 BTC worth of XUC, you will have 10 BTC remaining for your limit. The industry averages are therefore slowly moving towards 0.15% and 0.10%. Finally, regarding deposit fees , OKEx is a no-fiat exchange and does not charge anything for funding the account with cryptos as well. ETH: 0x1FB681385C894eAa5395ee55D22E2212EE2E1c19, Email OKEx CEO Jay Hao uses Glassnode data and announces on Twitter that OKEx currently has 202,732.64098193 and says there have been no on-chain outflows since October 16th. Hedge or profit from long or short positions, Easy to trade all instrument in one account. When reached for comments, an OKEx spokesperson told The Block that the withdrawal issues are “temporary” and that the exchange cannot disclose “the nature of an ongoing investigation.” However, traders must pay a withdrawal fee depending on the token. The most active trading pair on OKEx (Futures) exchange is BTC/USD. OKEx (Futures) is a centralized cryptocurrency exchange. For example, at the time of performing this analysis, BTC's withdrawal fees in OKEx are 0.0005, which is almost the cheapest withdrawal fee you will find for Bitcoin. If you wanted to also withdraw 20 BTC worth of XRP you must either wait a day or contact customer service and request a limit increase. Last but not least, any trader should be aware of the advantages with achieving higher trading volumes at OKEx. The withdrawal fee, however, depends on the type of coin as standard network transaction fees remain applicable. Trading volume is calculated across all trading pairs and expressed in USD, based on … OKEx does not charge deposit or withdrawal fees. Liquidity is something very important for all exchanges, crypto exchanges but also regular stock market exchanges. Normal users are divided into different tiers by their OKB holdings while VIP users by trading volume. Here, you can deposit through both wire transfer and credit cards. Deposit fee: fees vary. However, the spread, or difference between the buy and ask price, must also be considered as a … 8 on the list, showing an overall relative market improvement. For instance, if you are a regular user doing spot trading, the standard trading fees are 0.15% for takers and 0.10% for makers, as mentioned above. OKEx is a crypto exchange that was previously based in Hong Kong. Here, you can do both spot trading (i.e., regular trading) and derivatives trading. Trading Fees A guide to market making with master and sub accounts. It varies slightly (depending on the mempool I guess) and you can pick your fee within a range. Combine any of your favourite coins or fiat currencies. But, if you manage to achieve a 30 day trading volume of more than 1,000 BTC and you also hold more than 2,000 OKB tokens (the exchange’s native token), then you only have to pay 0.09% as a taker and 0.06% as a maker. Deposit and Withdrawal Fees; OKEx doesn’t charge users deposit fees. It is also available as a download client for both Mac and Windows. According to info provided directly from the exchange to us, it is now based in Malta. This exchange’s withdrawal fees are … Deposit & Withdrawal Fees. OKEx Financial Options. Donations are extremely welcome. We run all exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/), and a lot of the exchanges receive F as scores. This trading platform charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This speaks volumes about the focus on security that OKEx has. BTC withdrawal fee has been adjusted to 0.0004 BTC from 0.0005 BTC. Avoid unpleasant surprises afterwards. 4X of his balance is 2400000 USDT. Further information for margin ratio position and the borrowing amount: This fee is slightly below the industry average. 1.User A has 600000 USDT in his BTC/USDT account. OKEx withdrawal/deposit fees . OKEx is regarded as one of the exchanges with low trading fees. Integrates the most liquid and trusted exchanges in the cryptospace. You should yourself determine which trading view that suits you the best. Here is a table indicating the withdrawal fees. This can be helpful especially for newer crypto investors and also makes this platform a so called “entry-level exchange”, through which new crypto investors can take their first steps into the ever so exciting crypo world. OKEx adopts a maker-taker fee schedule to encourage more placements of orders and liquidity. Withdrawal Daily limits (24h) 4.728.294,69 EUR Monthly limits 47.282.946,92 EUR Even if you have borrowed 2000000 USDT in the BTC/USDT trading pair, you can still borrow another 500000 USDT in the XRP/USDT trading pair. To minimize your risk, we also consider other factors when calculating your maximum loan amount. However, a typical minimum withdrawal fee on OKEX is around 0.004 BTC, which is ridiculously expensive (currently around $60) and is the reason I will probably never use OKEX again. Leading crypto-exchange OKex has suspended all digital assets and cryptocurrency withdrawals indefinitely until further notice. 4X their balance is 800000 UDST. Twitter icon On the date of first writing this review, 18 July 2019, this trading platform even had the highest 24 hour trading volume in the world: USD 2.47 billion. +20 Top Exchanges. Therefore, the maximum loan amount is 800000 USDT. VIP-users enjoy even more competitive trading fees. All coin-margined futures and USDT-margined futures with this type of currency as underlying currency would follow its corresponding currency fee schedules. This exchange thus offers extreme liquidity which is very advantageous for all investors trading here. The final amount should be the value stated in the margin trading page. They offer 2FA and a withdrawal white list option. It continues to accrue every hour (no interest accrues for a day if less than 1 hour passed). Facebook icon Cross Collateral Interest Rate. 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2020 okex withdrawal fees