Access the spot market on OKX from the ‘Trade’ tab at the top bar. Please note that fiat channels for buying cryptocurrencies are only supported in some places, so you must check if they are in your country. Select the most comfortable option and follow the corresponding payment gateways to complete your order. We’ve gathered together a host of information about the platform’s features, fees, pros and cons to help you decide.
Cryptocurrencies Available on Binance
This is further demonstrated by the high volumes regularly traded on the exchange. The highest possible trading fees you will encounter are 0.15% as a maker fee, and 0.2% as a taker fee. This ranks very well even among the most competitive fee offerings in the sector and can drop to as little as 0.02% as a taker fee with okex review negative fees of -0.01% for makers at their highest tier. Even in an industry where trading fees are typically low across the board, OKX has some of the best value with its tiered system. These tiers are based on your trading volume over the previous 30 days but even at their highest point come in very strongly.
OKX Deposit Options
The first step to using any centralized exchange like OKX is creating an account using credentials like email or phone number. Once registered, crypto exchanges also demand users comply with their KYC (Know Your Customer) standards. Customers of OKX have a lot of options when it comes to customer support. Anyone can easily submit a request through a ticket-based system but you can also contact OKX live through a chat.
OKX vs. Binance:
However, I see that OKX makes the bulk of its fees through its advanced trading interface. My testing confirms that OKX is one of the best crypto exchanges on the market for competitive fees. However, OKX provides competitive trading fees and good opportunities for high-yield staking, and its friendliness to beginners is a positive touch.
- OKX boasts an impressive market discovery feature, but it is limited due to geographical restrictions in the UK.
- However, OKX now requires its customers to complete Know-Your-Customer (KYC) verification before depositing or withdrawing any funds.
- There are over 500 trading pairs available across the spot, margin, and derivatives markets accessible in over 180 countries.
- Because the Cloudwards.net team is committed to delivering accurate content, we implemented an additional fact-checking step to our editorial process.
- This dynamic fee structure could be advantageous for high-volume traders but could also add to the complexity of the platform for less experienced users.
- However, options are only available on BTC and ETH, meaning that users looking to speculate on altcoins will need to use a platform like Bybit, which offers SOL-based options.
