The user’s USD-wallet in personal account is a simulation wallet. Buying and selling coins in indexes, gains or losses thereon is a virtual simulation. We are not able to conduct any transactions with the currency.
OKEx exchange overview
OKEx is a global cryptocurrency exchange established in 2014 by Star Xu from Hong Kong. OKEX Technology Company Limited was registered in Belize but its operating centre was in Hong Kong. In April 2018, the exchange moved to Malta and changed the legal entity to OKEX Malta Ltd. Additionally, offices in Malaysia and Canada were established. The company operates under the Maltese MFSA licence and follows the KYC and AML rules. The exchange allows deposits both in cryptocurrencies and USD, EUR, JPY, but withdrawals are possible only in cryptocurrencies. In May 2018, the subsidiary project OK Blockchain Foundation issued the utility token OKB Global. In June 2019, the subsidiary OKLink issued the stablecoin USDK. Besides standard trading, margin trading is available (up to 5x leverage), as well as futures contracts and perpetual swap. The platform turns into an ecosystem by adding useful services: OKEx Pool for mining, mobile crypto wallet, OKNodes crypto exchange constructor, Prime Investors program, OKEx Academy educational program, and Project Info cryptocurrency reviewer.
OKEx advantages
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Inside the exchange, there is an exchanger for fast buying BTC, LTC, ETH, XRP, BCH for fiat currencies USD, EUR, JPY.
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Trading pairs with stablecoins USDT, USDK, DAI, native token OKB, coins BTC and ETH.
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The website is localised in 11 languages.
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The largest community — presence in 12 social networks, each of them has individual language versions of channels and profiles (54 in total).
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Deposits in cryptocurrencies and 3 fiat currencies (USD, EUR, JPY).
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Spot trade commissions: 0.06–0.10% for makers, 0.09–0.15% for takers (depending on the number of stored OKB tokens). VIP rates for those who trade volumes exceeding 1000 BTC every month.
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Commissions for trades with futures contracts and perpetual swaps: 0.015–0.020% for makers, 0.030–0.050% for takers (depending on the number of stored OKB tokens). For large traders and institutional clients, there are also separate VIP rates.
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Minimum commissions on the cryptocurrency withdrawal, for example: 0.0005 BTC, 0.01 ETH, 0.001 LTC.
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Two types of bonuses for referrals: your referral and you will get 10 USDT each; after 5 active referrals you will be upgraded — you will get 30% of the commission from the attracted referral, and they will get 10 USDT.
OKEx track record
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November 2017: futures contracts trading became available on the exchange.
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May 2018: launch of the OKEx Prime Investors program for institutional clients.
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June 2018: creation of the cryptocurrency index fund OK06ETT.
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August 2018: launch of CoinAll, an autonomous crypto exchange that operates as a white label and is managed by a community.
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October 2018: received the award “Crypto Exchange of the Year – 2018” in a contest during the Maltese blockchain week.
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November 2018: the Security Response Center is open for bug hunters who can search the ecosystem for vulnerabilities and are rewarded for their reports (0.2–20 ETH).
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November 2018: launch of the information resource with reviews Project Info.
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December 2018: perpetual swap became available on the exchange.
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March 2019: launch of the OK Jumpstart IEO platform.
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June 2019: launch of the OKChain testnet.
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August 2019: launch of the OKEx Pool for mining with staking.
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December 2019: options trading became available on the exchange.