okex review

If you want to increase your trading limits and unlock other features you’ll need to complete a further sign-up stage with photo verification. Signing up is a piece of cake and is a lot slicker than other platforms I’ve used.

  • While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.
  • Such activities may result in criminal liability relating to illegal fundraising, illegal issuance of securities, and illegal sale of tokens and notes.
  • Circular No. 237 also enumerates certain types of virtual currencies, including Bitcoin, Ether and Tether.
  • As well as spot trading of cryptocurrencies, it also allows fiat-to-crypto transactions and margin trading.
  • No new mining projects are allowed to be introduced into any industrial parks led by the local government.
  • There is a way to get the mid-level package for free – through your broker.

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Crypto Trading

Founded in 2017, OKX is a popular cryptocurrency exchange that leverages blockchain technology to offer clients an extensive portfolio of trading products. Hundreds of tokens are offered to clients in more than 200 countries.

okex review

The platform is fully cloud-based, meaning that your bots will run 24/7, has a blazing-fast backtesting tool and allows live trading as well as paper trading on the most popular exchanges connected via API. Trading bots, like Cryptohopper, are used to test and deploy advanced trading strategies that will only work if thoroughly tested “in the wild.” And even then, the risk of losing money persists as market conditions change. The bot will buy or sell crypto based on the trading strategies you have set. As long as you have funds in your exchange account, the bot will keep working until you turn it off. The rules as provided in the Key Prohibition Rules are general in nature. Aiming to deter criminal offences involving virtual currencies, the Supreme People’s Court and the Supreme People’s Procuratorate have jointed the 10 administrative departments that promulgated Circular No. 237.

Which cryptocurrencies can I buy/sell?

OKR and KPI will be ordered periodically, and work efficiency needs to be very high. I am very fortunate to be able to join such a humane and warm company. Keep hiring smart people who want to work and can work independently. Since there is not https://www.tokenexus.com/ a lot of structure, this company is not suited to everybody. Currently, American traders can’t trade on OKEx because it doesn’t have a license to operate in the country. The exchange also maintains offices in Hong Kong, Malta, and Belize.

okex review

To deposit, click on the “Assets” tab on the top right corner and select “deposit.” Then, choose the fiat you want to make your deposit with and the payment network and proceed. When you are done with the currency, you will need to select the account you want the funds to head to. This can be done in either of two ways; you can download the OKEx app and create an account, or if you are more comfortable with a desktop, head down to their official website. Click on the “sign up” icon on the top right corner to get started. OKEx also gives the offer of signing up with just your mobile phone. The trading platform is also quick, providing access to real-time rates and allowing you to place orders in a split second.

OKEx Tools & Features

Either the company is in on it, or they have incredibly poor cybersec protocols in place. I have been working with crypto since 2013 and I have never seen such a disgusting support in my life.

The company also helps traders, miners, and institutional investors optimize their investment strategies. According to the Bitcoin Risk Circular, the general public was free to trade Bitcoins on the internet at their own risk. OKX is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees. Founded in 2017, OKX is one of the world’s leading cryptocurrency spot and derivatives exchanges. OKX innovatively adopted blockchain technology to reshape the financial ecosystem by offering some of the most diverse and sophisticated products, solutions, and trading tools on the market. Trusted by more than 20 million users in over 180 regions globally, OKX strives to provide an engaging platform that empowers every individual to explore the world of crypto.


With no limits on the cryptocurrencies you can trade, Zignaly offers a high level of freedom. This is another cloud-based trading okex review bot and a relatively new entrant to the market. ForexVPS is a company that provides servers specifically for trading.

  • An exchange connection is called a hopper, and you can create as many hoppers as you like.
  • Cryptocurrencies are speculative and investing in them involves significant risks – they’re highly volatile, vulnerable to hacking and sensitive to secondary activity.
  • While human traders can only study one cryptocurrency market at a time, bots can scan and analyse several simultaneously, spotting opportunities that a trader might otherwise miss.
  • There are many different options available, so it is important to choose a trading bot that suits your trading style.
  • Traders can set up bots from templates or from scratch, powering them up with advanced tools such as stop loss or trailing take profit.
  • It is further required that the service providers should report suspicious transactions and cooperate with PBoC’s AML investigations.
  • Markets are formed for trading pairs primarily with dollar-based stablecoins, Bitcoin, Ether, and the exchange’s OKB token.

The best trading bot is one that suits your individual preferences and trading style. Although bots may come pre-set with trading strategies, most perform best when reconfigured to the user’s specifications. So the user will need to have an understanding of how the market works and the technical aspects of trading with a bot. Speed is of the essence in the fast-moving world of cryptocurrency. It can take time for a human to carry out a trade, and all the while the trade may be losing its value.