The majority of exchanges in our Exchange List actually receive an F in this test, so relatively speaking, a D is perfectly fine. 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. OKEx, one of the world’s largest crypto derivatives exchanges, has resumed operations following an abrupt suspension that happened last month. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. Changelly, ZBX, Coindeal, Bleutrade, Graviex, Coinall, HBTC, BBX, Blockonix and The Rock Trading are today all based in Malta. For example, BTCUSD and BTCUSDT perpetual swaps are will be charged according to the Type I perpetual swap rate schedules. Malta is together with Estonia and Gibraltar one of the few countries in Europe that has clear license requirements for crypto exchanges. Deposit fee: fees vary. Further information for margin ratio position and the borrowing amount:. The industry averages are therefore slowly moving towards 0.15% and 0.10%. Integrates the most liquid and trusted exchanges in the cryptospace. A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. However, the spread, or difference between the buy and ask price, must also be considered as a … Cryptocurrency withdrawals on OKEx had been suspended for five weeks after one of the exchange’s private key holders could not be reached Avoid unpleasant surprises afterwards. A full list of trading fees is available on the platform’s dedicated section, but it’s safe to say that OKEx’s fee system is designed to encourage even day-to-day traders to use the service. 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. Trading fees and withdrawal restrictions. The engine analyzes deposit, trading and withdrawal fees. Cumulative 30-day trading volume and average 24-hour holdings are automatically calculated daily at 00:00 (UTC). OKEx’s CEO has addressed concerns regarding the exchange’s recent suspension of withdrawals. Interest begins to accrue as soon as tokens are borrowed. 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 over the last seven weeks. The most active trading pair on OKEx (Futures) exchange is BTC/USD. Deposit and Withdrawal Fees; OKEx doesn’t charge users deposit fees. It continues to accrue every hour (no interest accrues for a day if less than 1 hour passed). 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%. 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. Finally, regarding deposit fees , OKEx is a no-fiat exchange and does not charge anything for funding the account with cryptos as well. 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. Further information for margin ratio position and the borrowing amount: Users‘ transaction fee on next day is determined by their tiers. The final amount should be the value stated in the margin trading page. Cross Collateral Interest Rate. ETH: 0x1FB681385C894eAa5395ee55D22E2212EE2E1c19, Email 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. Your experience on this site will be improved by allowing cookies. Fees are imposed on users on the basis of the trading option they choose. There are coins and 807 trading pairs on the exchange. 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 … The fees for futures trading are each decided token by token. The industry average is arguably around 0.25%, but we are currently seeing a lot of exchanges lowering the trading fees. 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). It is also available as a download client for both Mac and Windows. This exchange’s withdrawal fees are … 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. 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. And also, it will only set you back USD 5,173 (calculated on the date of last updating this review, 20 November 2019). OKEx (Futures) is a centralized cryptocurrency exchange. Facebook YouTube OKEx distinguishes normal and VIP users according to trading volume. It also offers market maker and taker fees starting from 0.15% and 0.2% respectively, with discounted fees for high-volume traders. Apart from being a trading exchange, OKEx also provides cryptocurrency financial services. All coin-margined futures and USDT-margined futures with this type of currency as underlying currency would follow its corresponding currency fee schedules. New sites added every week! 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. Regularly featuring among the top 10 global exchanges by 24-hour trade volume, OKEx offers fiat-to-crypto and crypto-to-crypto trading on more than 100 digital currencies. This exchange thus offers extreme liquidity which is very advantageous for all investors trading here. These fees are nothing but extraordinary. US-investors may not trade on this exchange. OKEx also offers a discount for the makers in the trades, setting the fee for them at 0.10%. Here, you can do both spot trading (i.e., regular trading) and derivatives trading. 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 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. 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. The trading pairs with this type of currency as “trading currency” will follow the corresponding spot fee schedules. Overall, OKEx has notably low fees, which compare favourably to most other leading exchanges. OKEx has lowered the withdrawal fees for BTC, ETH, XRP, BCH, and USDT-ERC20. 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. YouTube icon The master account’s tier is determined according to the total 30 day trading volume of all master and sub accounts. This trading platform charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. ” 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. Twitter icon Okex Fee Structure. The withdrawal fee, however, depends on the type of coin as standard network transaction fees remain applicable. OKEx Withdrawal fees. Withdrawal fees are also modest on OKEx; 0.0004 BTC for Bitcoin, 0.003 ETH for Ethereum, and so on. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Fee tiers are based on your total trading volume over the past 30 days, up to this moment. Withdrawal Daily limits (24h) 4.728.294,69 EUR Monthly limits 47.282.946,92 EUR Remarks: The individual limit is calculated separately in different trading pairs. For example, ETH/USDT, ETH/BTC pairs will have fees as specified in the Type I spot fee schedule. OKEx is also the largest crypto spot & futures exchange in the world. Here, you can deposit through both wire transfer and credit cards. 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. +800 Cryptoassets. You'll be recieving a confirmation email shortly. 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. Deposit & Withdrawal Fees. This speaks volumes about the focus on security that OKEx has. Instagram. 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. Withdrawal fees: fees vary 4X their balance is 800000 UDST. Leading crypto-exchange OKex has suspended all digital assets and cryptocurrency withdrawals indefinitely until further notice. OKEx security levels are exceptionally high. VIP-users enjoy even more competitive trading fees. 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. Use our Exchange Finder to find out which alternatives you have. OKEx “claim to fame” so to say is that it is a one-stop-shop. This exchange’s withdrawal fees are thus roughly 40% lower than industry average. The withdrawal fees are also quite low compared to other crypto exchanges. 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 […] However, traders must pay a withdrawal fee depending on the token. They offer 2FA and a withdrawal white list option. OKEx (Futures) volume in the last 24 hours is reported to be at ₿215,198.49 and open interest of ₿83,722.77. 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. 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. OKEx is regarded as one of the exchanges with low trading fees. By Steve Muchoki November 26th, 2020 Altcoin News, Bitcoin News, Cryptocurrency news, News OKEx Resumes Withdrawal Services After 5 Weeks of … Normal users are divided into different tiers by their OKB holdings while VIP users by trading volume. Deposit and Withdrawal Fees. Accordingly, the maker fee is lower than the taker fee. OKEx is a crypto exchange that was previously based in Hong Kong. Liquidity is something very important for all exchanges, crypto exchanges but also regular stock market exchanges. Deposit and Withdrawal Fees. 4X of his balance is 2400000 USDT. BTC withdrawal fee has been adjusted to 0.0004 BTC from 0.0005 BTC. 8 on the list, showing an overall relative market improvement. ... No withdrawal or deposit fees ; … 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. You should yourself determine which trading view that suits you the best. The platform will also update its private key management processes and rewards scheme. Fee rates of your master account will be applied to your sub-account at 18:00 … Therefore, the maximum loan amount is 2000000 USDT. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. Margin borrowing Position Tiers. OKEx exchange is one of the best cryptocurrency exchange site in the market with the highest daily trading volume worldwide. It varies slightly (depending on the mempool I guess) and you can pick your fee within a range. 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 exchange is available for download at both the App Store and Google Play. OKEx has a discount system through which you pay lower and lower trading fees the more you trade. OKEx, however, received a D-score, which is decent. Therefore, the maximum loan amount is 800000 USDT. According to info provided directly from the exchange to us, it is now based in Malta. Whatever you have in mind, we've got it covered. 1.User A has 600000 USDT in his BTC/USDT account. 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. Instagram The maker and taker fees start from 0.10% and 0.15% respectively. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. 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 … And there is no “this overview is the best”-view. For example, BTCUSD futures and BTCUSDT futures will follow the Type I futures fee schedule. This fee is slightly below the industry average. OKEx exchange review 2020: Features, fees, is it a safe exchange? Thank you! 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. 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. 2.User B has 200000 USDT in their BTC/USDT account. The problem with this is that you will be able to access withdrawal and deposit fees only when all of these settings are complete. You can find the complete list here. This review of OKEx consists of four parts: general info, fees, deposit methods and security. 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. 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.” When Malta issued license requirements for crypto exchanges, a lot of exchanges from other parts of the world actually relocated to Malta. To minimize your risk, we also consider other factors when calculating your maximum loan amount. The below is a picture of the trading view at OKEx: The trading fees for takers charged by this exchange are 0.15%. Here is a table indicating the withdrawal fees. OKEx withdrawal/deposit fees . Trading volume is calculated across all trading pairs and expressed in USD, based on … Last but not least, any trader should be aware of the advantages with achieving higher trading volumes at OKEx. OKEx adopts a maker-taker fee schedule to encourage more placements of orders and liquidity. Hedge or profit from long or short positions, Easy to trade all instrument in one account. Also, we feel that it is worth mentioning here that OKEx has never been hacked or breached, in spite of being one of the world’s largest exchanges. The above exchange does indeed have great liquidity. OKEx Financial Options. They normally also have buy and sell-boxes. Trading Fees. Trading Fees A guide to market making with master and sub accounts. Check out the other new rates below: The lunar new… OKEx also has a tiered volume-based fee discount structure which is computed from a 30-day trading volume. Rules for Margin Interest Rate Discounts and Margin Asset Borrowing Amount: Example: If you are Lv1 user, you have a 300 BTC equivalent withdrawal limit. Combine any of your favourite coins or fiat currencies. All in all, the fees at OKEx are competitive. Twitter 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. Facebook icon OKEx does not charge any deposit fee for its customers. +20 Top Exchanges. Use our Exchange Finder to find out which alternatives you have. Different exchanges have different trading views. User VIP level and fee rates are updated daily at 02:00 (UTC) to correspond with the fee schedule in the table below. Jay Hao was apologetic to those impacted and thankful to users continuing to support OKEx. Donations are extremely welcome. OKEx does not charge deposit or withdrawal fees. This trading platform charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. ) and derivatives trading client for both Mac and Windows Hao was apologetic to those impacted and thankful users. Currency as underlying currency would follow its corresponding currency fee schedules with highest. 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2020 okex withdrawal fees