Bitcoin Forum

I know that a few years back Chinese exchanges were doing most of the worlds volume but after the crackdown its died down alot.

BUt exchanges like OKEX, huobi are still seeming to do a large amount of volume.

Do you think they are good exchanges?

For example recently a coin that I have been following (Creditcoin) recently listed on OKEX and the volume has increased to almost 10m a day daily

but still many users are wary about trading on a Chinese exchange, and i do not think it has as much power as a global exchange like binance.

Anyways I am curious what everyones opinion is

Believe me, Okex had a very rough start, there way a time where people called Okex a scam exchange because they are slow at solving exchange users problem, like slow withdrawal and deposit issues but as time goes by Okex reshaped into something more better, now the exchange is on the list of top exchanges in crypto world today

Great, so would you say that most of the coins listed on OKEX are prety legitamate compared to other random chinese exchanges?

For example Creditcoin which is only listed on OKEX and Bittrex from my understanding it is very hard to list on those exchanges if its a scam

would you say that is correct?

They can also list scam coins in that exchange. I remember one of scam coins i have listed only in okex ,but they are also one of the trusted exchange  i use .
Open a scam accusation in different exchange is normal here. The review will only depend on you as user's and on your own experience using it.

As for my review i never experience any problem using that exchange even delay in transaction is not problem. you will also recieve a notification on your email every time you widraw or deposit any currency that exchange.

As for this list ranking: https://coinmarketcap.com/rankings/exchanges/liquidity/

They're under the top 10 base on their liquidities.

But compare to Binance, I'll choose Binance than okex and huobi and there's this condition if your coin is just listed on okex, you have no choice but to trade there.

If their trading volumes are really that high then it might be good exchange(haven't used it) and when a platform becomes popular, complaints and bad experiences can't be avoided.

There's no way to avoid those exchanges since these two are the only exchanges that have the trading pairs for your coin. If the reputation is giving them doubts they could trade in small amounts to lower the risk of losing money in case their account gets disabled.


Probably but it's difficult to say since we don't know whats going on behind these listing procedures and it's possible there's negotiations.

Personally, I have traded on OKeX in 2018, never had a problem. Although the reason that I traded with them is because the token that I have received has been listed on them. It was still in the time wherein altcoin is not yet on the downturn or at least the altcoin market is still doing good that time. So I would say that they are A-ok based on my personal experience.

But everyone seems to be at odds, others say it is a scam, and had worst experience with them, while others like me have a smooth sailing. So I would advise to the OP since he had his token there to go and get a feel for OKeX and see how it goes for you.

Apart from okex research or other exchanges, you have to do independent research. Maybe Okex has a different standard for considering coins a scam and they also do different ways of researching.

If you ask for opinions about good exchanges,  maybe first you can measure them by their liquidity, transparency, and service especially how they solve user problems.

Great well I took the plunge and moved some money over from Bittrex to OKEX to try it out and its okay, seems to be alot of bot trading though for some coins, luckily the coin i wanted to buy (creditcoin) there wasnt bot trading but for some other coins it seems to happen alot

is this normal on these exchanges these days?

Sure, Okex is one of the 5 best exchanges in this market. I have used Okex for many years and am completely satisfied with it. In addition, OKex is similar to Binance, they have a lot of IEO and help many investors get profits. If Okex can do their job well, I think they will have a chance to surpass Binance

Yes that is what I thought too I remember okex being related to OKcoin and being one of the top exchanges in the world.

Basically any coin they list should also be a top tier coin as it has gone through their stringent listing process, i mean since they are the top exchange they only list top coins like creditcoin, bitcoin, ethereum, etc

Could you mind to move this thread to the correct board?

I think this the correct board for your concern https://bitcointalk.org/index.php?board=223.0

Also, you can find more some reputable exchange there and if you have any question you can free to ask all of them.

Regarding OKEx exchange, I think this is a good exchange so far. I often to trade in this exchange and I have no problem so far.

Although I don't use Okex as my place to trade, I heard that Okex is good enough for you to be a place to trade. Maybe you can get a new experience to trade in that exchange so you can get more skills to trade because I think that exchange will be different than the other exchange. But still, even that exchange can give you a profit, and you need to analyze before the trade so you can find the coin to buy and sell. I still use binance to trade although I use bittrex too because bittrex is my old exchange. But we cannot compare one exchange to another exchange because I am sure that every exchange will have advantages and disadvantages.

Just found this document about the latest coin they listed (Creditcoin)

https://docsend.com/view/ksj3ysj


Looks like Y combinator investment, youtube co-founders, coinbase, etc

so it does seem like OKEX does only list serious coins with good potentianal

Honestly I am not not using OKEX anymore but what I know about their reputation in the past is not good.
Well, we can't say that it will remain forever, maybe they have already improve now, but I think their volume is not real.

Okex is a good exchange cause i already tried trading my coins there before, but if i will pick between okex and binance i would choose binance cause ive already tested the exchange many times and i had no problem on it.

OKEX seems to be laying a big role in DEFI byb partnering with projects like Creditcoin that were invested in by Coinbase and y combinator

I think they are laying the foundation for a global decentralized financial revolution

big fan

i think that issue was before when they are only getting started and it could be lack of support personnel but now that okex is now well know and big , they can now afford to hire a number of good people to work on the issues going on in the site  .

 its also normal to hear scam accuse even on good exchange like binance but that all can change if the exchange prove that they are worthy by giving appologaizes with incentives and more bonuses in the future  .

You can read about them here: https://www.cointelligence.com/exchanges_list/okex/

Sure, Okex is one of the best exchanges in this market. I have been using this exchange since 2018 and participating in a lot of their IEOs, it also helped me to gain a lot of profits. As I think, OKex can compete with Binance, the leading exchange in this market

Binance has better service support than okex. I have the same opinion as you regarding okex but there was a thing that makes me feel bad with it caused by it has already used the bot. In the credibility and okex can be trusted because i have never encountered any problem when try to deal with okex.

They're not bad but there are definitely better options such as Binance. Just remember to treat an exchange as a method of exchange rather than a bank and you'll be fine.

Yeah but also keep in mind too that top exchanges like OKEX and Binance only list coins with solid fundamentals. For example Creditcoin which was recently listed on OKEX was also invested in by Brian Armstrong, Y Combinator etc, so it makes sense why it was listed (and why its pumping)

Okex is a good exchange...
https://coinmarketcap.com/exchanges/okex/, I don't know if this is accurate, but looking at the large trading volume there, proving the confidence of traders in this exchange is huge.

It's good to see such questions to make yourself clear about an exchange before using it which is a good method to practise rather than getting themself in trouble later.

Regarding your question, I'm using only two accounts till now in these two years one on Binance and Okex. Okex is one of the top exchange without any doubt so far I didn't face a single issue on these two exchanges.

They have done a good marketing so far and they manage to make their community grow so better go to their facebook,twitter group or channels to get the latest updates on what is happening regarding on them as well you  can check there current rankings on the coinmarketcap since they are quietly good so far.

With over $3 billion 24 hours trading volume - https://coinmarketcap.com/exchanges/okex/

it really looks good, but seriously, I don't believe they have this kind of big volume, I think some of them are fake volume.
you can correct me if I'm wrong.

so far I personally have never had a problem with huobi or okex exchanges.
huobi and okex are popular exchange in crypto why should you doubt it?
isn't it a good achievement if altcoin registered there has a high trading volume.

Yes, this is one of the safest and best exchanges. I also believe that this exchange is very underestimated and the OKB token is extremely promising and interesting for investment.

Look at Creditcoin though. Its constantly been mooning and volume is almost at $10m / USD a day, only listed on 2 exchanges too. Imagine what will happen when it lists onto binance

They have a good credibility in crypto space, also I have several times to follow some IEO on this exchange and there is different with binance exchange in my opinion. Also they have a coin namely OKB that has a good price, at least you can make a banchmark if an exchange has a coin and its price is good you can believe as a good exchang and that is a sign the exchange has a lot of user.

Yes it is, okex is one the many exchanges i trusted the most.  I never encounter problems when it comes to trading, depositing and withdrawing my funds.

I made an account on okex exchange in 2019 so far I have good experience on this platform. Good exchange with all the upgraded system taking into part. When I deposited money into this exchange it takes through very well. All big trading pairs this platform has with nice trade volume. Withdrawal is very good if not best timings like other top class exchanges. In overall. I think it is a good exchange to deal with. Everybody can use this exchange without any worried point.

I used Okex Exchange for a long time and I don't encounter any issue on that exchange what I really like about in this exchange is it has three authentications when you're making a withdrawal. One is on email code that they will send to you Two is your trading password Three is Google authenticator (Available in Android, IOS and Chrome Extensions) so you need to put this three codes to make a withdrawal, and that is safety🤗

Im not sure about that dude consider okex is in the same tier as binance, i would say okex is equal with binance in terms of features, liquidity, and many more. As long as the exchange site is very reputable and there is no need to feel worried about that.

In terms of visibility and popularity binance will continue to be ahead then okex and also as people do not face any issues with binance and its easy to use features with really good trading fee, No kyc required if you are a small time investors or trader and can withdraw 2 btc at a time etc features make it a good exchange for people to trade crypto. It also has a good referral scheme too.

It's was my best exchange but not now because long time i leave for facing some problems.

Especially, i enjoy binance exchange always because there have strong and good rules. Fast transactions with withdraw and deposit so I'm looking binance exchange always.

The main rule is, of course, never leave coins on an exchange as long as necessary. I've never used Okex, but I haven't heard anything bad about it either. As long as you don't need KYC, but only email and 2FA, registration is a low risk. And if only one exchange has listed your coin, then you have to go through it. What else could you do?

it looks like you didn't even use okex before. There was no a lot of differences between both and im still using okex right now and the WD process is much faster compared with binance.
The UI is very light compared with binance. it's better to write an honest review about okex exchange site.

I think the exchange is no different, which distinguishes only the services and features they provide, and both of them also have advantages and disadvantages, but I have not used okex exchange more to binance for transactions and trading.

Didn't CZ work for OKEX before Binance?

I agree OKEX caters more towards Chinese residents.  They do seem to have good volume on CMC, but I have never used them.

CZ didn't. As far as i know, if binance exist before okex has already launched. CZ was also building binance from done binance ico in the past.

Okex is having a very good reputation too. Both are the major exchange sites that lead the market right now.

I think OKEX is one of the best exchanges today

okex is one of the best exchanges too, and many people still use okex exchanges, I often use okex but now have started switching to binance, okex is only used when there are coins that are only listed there

I tried using okex and i don't have any issue with it.I tried trading some of my coins there. However there are some news or report that OKEX is a scam, but still i trust this exchange and it works perfectly for me.

Okex is one of the great exchanger.
Youre lucky if the bounty coin are registered on okex it has possibilities that will have a continuous circulation.
But all exchangers are prone in hacking thats why you cant all trust them. But for now okex doesnt have a huge issue so you can stick with it

I have been using the Okex exchange since 2018 and till now I am still happy with it. This is one of the leading exchanges in this market and it is competing with Binance and Huobi.

in my opinion binace is better than OKEX because binace is the best exchange company besides houbi, although the OKEX and binance systems are almost the same there is no difference but that I return to you to choose it

No doubt that binance is far superior than OKEX as there are many traders who are using this exchange compared to
OKEX, People who are dealing with short term trading mostly use binance.
Though there are also nice Feedback in terms of users who are enjoying using this exchange those who manage to
secure funds without any issue dealing around the exchange.
It's always a good to take things slowly, if you plan to use the service better to use small fund and try if you'll fit
yourself to manage working around.
Own experienced makes you well to decide if the exchange is working according to your needs.

yes that's all depends on the user of this exchange itself, although from some people rate Okex is not good but there are also many who say OKEX is very guaranteed and also reliable, now on that depends on yourself whether you want to find valid information or just trust other people's talk that is not necessarily clear, when there is enough evidence to make sure you only need to include a link for that evidence so you can trust

It should not be forgotten that 65% of Global Bitcoin Hashrate Concentrated in China, so it is not possible to keep China away even if you want to. They have had to struggle a lot to get to the position that Binance is in now.
Another thing is that the Chinese exchangers will gradually get better in view of the fact that World Economic China has created a unique position.

Do you refer to OKEX? I'm not sure, but OKEX isn't a Chinese exchanger. According to their website, it is located in Kuala Lumpur Malaysia

Im wondering about the fact, that the Telephone Number is from Canada   :o

Sir I believe it was before in china they just transfer in Malta Canada because of the problem in their country in crypto

Yes, you are right. According to marketswiki (which I haven't heard before) they was on of the early Chinese exchanges ans called OKCoin, before they changed to OKEx. Didn't know that.

http://crypto.marketswiki.com/index.php?title=OKEx

OKEX is one of the most reputable exchange currently out there right now, the issue that I'm having with them is the low trading volume of most of coins being traded there and bot manipulation in which almost all exchanges are doing, apart from that they are good exchange to me, and to those comparing binance and OKEX, there is a huge difference in both exchanges, binance is miles ahead of okex

Peer-to-Peer Bitcoin Marketplace Integrates With Major Exchange OKEx

“The partnership between OKex and Paxful will open up new opportunities for users on both sides and signals that the crypto industry is uniting more and more when possible in order to use each other’s strengths to provide more options for their users."

https://cointelegraph.com/news/peer-to-peer-bitcoin-marketplace-integrates-with-major-exchange-okex

this is great news for the users of the exchange Okex exchange keeps moving forward that is why it's one of the best exchange

I agree I think Okex is also a good exchange place, a few days ago I saw my friend make an exchange on this exchange and he didn't have any problems, and I think it's also easy to understand, although I haven't checked myself but my friend is very trusted this Okex and advised me to use it too,

So far this exchange is still held an IEO namely jumpstart event. If we compare with binance exchange has leaved an IEO event or they named it as binance launchpad, I guess OKEx has taken it the way.

They still consistent to make some new coin/project have a possibility to be used by most people in this world. At least this is an alternative way for the developer to get their project is successfuly being launched.

The ROI that has already made by jump start even is not so good as binance. Some old jump start projects have already traded below the initial price too.

The consistently of developers can't be seen through when it was getting launched on okex jump start.

I think in everyone's opinion Binance would be better than OKEX because actually Binance is far better than OKEX is many ways. Binance has a higher volume and one of the greater numbers of traders who have spent most of the time on trade. As well due to their superior service, they have been gaining a greater number of users as per the time.

OKEx Announced The Listing of Compound DeFi Protocol's COMP Token

COMP is the native token of Compound — a DeFi protocol that allows its users to earn interest on deposits or lend cryptocurrencies. Lending and borrowing on Compound are managed through a decentralized peer-to-peer blockchain-based protocol.

https://cointelegraph.com/news/okex-announced-the-listing-of-compound-defi-protocols-comp-token

In my openion OKEX is a very Secured and a Good Exchange. I think it is in the best 10 Crypto Exchanges..
BUT Okex is not good like Binance exchange...

yes it is falls on the top 10 category for the best among the best crypto exchange  .   these top 10 exchanges have thier own advantage and disadvantage  , which also differ to the user  .

if you like binance , you will find that okex isnt really that good compare to it but to some that primarily use okex ,they can also say negative things to binance   .  for me both are good  and i love using them both   . i cant give bad feedback to them for now  .

OKEx Now Features Latin American Fiat Gateway with Latamex

OKEx partners with major LATAM digital settlement network to unlock crypto purchases with three local currencies.

https://cointelegraph.com/news/okex-now-features-latin-american-fiat-gateway-with-latamex

OKEx Token (OKB) Could See $5.50 Soon After Strong Rebound

OKEx’s exchange token, OKB (OKB) has followed the general trend in the crypto markets during the past few days. Bitcoin (BTC) took a small dip below $9k but quickly rebounded, and OKB mirrored this performance with a successful test of its local channel bottom. Overall the token remains stable, and may yet build a base for higher upward moves.

https://www.cryptoglobe.com/latest/2020/07/okex-token-okb-could-see-5-50-soon-after-strong-rebound/

Like their name OKEX. Always OK  :D
Since i use this OKEX, i don't get any problem and everything is good in that transaction.
So, i recommend this exchange.

You can use the web to find reviews about Okex exchange, I doubt you will find any bad review about Okex exchange, yes the exchange is that good and clean, it's on par with popular exchanges like binance and huobi and many IEO projects became successful on the exchange platform

OKEx Launches Indian P2P Trading Platform Despite Legal Uncertainty

The announcement comes hot on the heels of reports that the Indian government is planning to pass a law making cryptocurrency trading illegal in the country.

https://cointelegraph.com/news/okex-launches-indian-p2p-trading-platform-despite-legal-uncertainty

Yes, OKEx is a good exchange, it's one of top exchange in the world since a long time, i have been using this exchange since a year ago and i have never experiencing any kind of problem of deposit, withdrawal, or even trading. I do much of Futures trading on that exchange, and i also hold some of my crypto assets right there. But if compared to Binance, Binance is definitely better than OKEx in my opinion.

Okex is also one of the exchanges that i like the most together with binance. Havent experience any difficulties or problem when j trade on okex, so i assure you that oken is a good exchange.

OKEX IS A TOTAL SHAM SITE!

I sent origin, zero use Ethereum (from mining "rewards") and Bitcoin into the exchange. Mining rewards, by definition, aren't "laundered" as they've never been used and their origin is on the blockchain for all to see. The physical location of the mining center is available, and all credit card receipts show my partners and I purchased them via a route that has passed AML/KYC verification.

Now my account is locked and they want my passport and driver's license. They already have my home address, name and home phone number.

OKEx, unlike Binance, is an unregulated exchange that will let you transfer in crypto, but then lock your account and -- in clear violation of the UK's GDPR rules -- hold your funds until they can gather everything the need to assume your identity. They have no need for AML/KYC information for amounts under 5,000 Euro by Maltese law, or generally 10,000 in the EU.

And these are not the type of people you want to trust with your personal information -- they seem dead-set on gathering as much of it as they can:

The founder has been arrested for fraud and internal scams, aka "Exit Scams"
https://cointelegraph.com/news/breaking-founder-of-crypto-exchange-okex-allegedly-detained-on-crypto-fraud-charges-in-china
https://asiatimes.com/2018/09/arrest-of-okex-exchange-owner-star-xu-not-crypto-related/

DO NOT TRUST OKEX!

In trying to resolve my lock-out, I've received about 50 moronic messages interspersed with so-called "supervisors" who claim to have the authority to unlock my account, but never do, just shunting me back down the line. There's absolutely no way to call them directly or email someone in charge directly. Since they have my home address and home phone number (I have small children, and I don't appreciate 7am calls from blocked numbers!) and no one answers the call-back number. It beeps thrice and disconnects.

I've asked the MFSA -- Maltese Financial Services Authority -- to intervene, but OKEx isn't registered so there's little they can do.

The next step is a civil suit against Star Xu, however if you read the second link, people he's already defrauded had to track him down by following his personal trainer. Xu called the police on them and it was him who was arrested... Hard to sue someone you can't serve. Conversely, they can easily just come to my house since they have my home address. Regardless, hopefully the civil court will choose to serve the companies counsel of record, if they even have one.

As a long-time miner and crypto user since 2012, shame on me for not doing more research...

I agree that okex is one of the good and trusted when it comes to exchange, for me okex is on top 2 exchange next to binance  in my opinion.

Trusted by whom? Certainly not the people they've scammed into (wrongly and needlessly) giving them their passport, driver's license and home address... ...nor by those that get locked out with zero way to speak to someone competent.

The measure of an "exchange" isn't really pointy-clicky ordering, it's how honorably they behave as custodians of peoples' money. In that, OKEx fails. Utterly.

It's the same as when OKcoin was still operating in the past. I remember when okcoin could not even paid bitcoin jesus regarding the domain usage.

In my experience with the current okcoin exchange aka okex site if it's full with the bots.

Wasn't falsifying internal transaction volume one of the charges Star Xu was arrested (again) for in China?

Regardless, I initiated a complaint with the MFSA. Hopefully if they are actually applying for VFA registration, they won't be able to until all complaints are cleared.

Next step is a lawsuit.

What a bunch of criminals. They keep saying "do this, do that and we'll unlock your account" then it's always back to the spam mail:


    Dear valued customer,

    Thank you for your reply. We understood your urgency on this issue but
    we need the information from you for the account security and
    verification purpose. Please send us the information below in order to
    proceed with the next steps:

    1.Full name (including middle names, please be consistent with your
    document)

    2.Date of birth,

    3.Nationality,

    4.Type of the identity document

    5.Identity document number,

    6.The photo of your identity document.

    7. The account you want to unlink:

    8. Are you agree to freeze the account for 72 hours before removal?

    Once we receive the information, we will definitely help you to remove
    the google authenticator and you can log in to the account. Hope to
    hear from you, thank you.

    Best Regards
    Ashley |Customer Service Representative

    Support@okex.com | +1 2267984487


Has anyone tried calling their support line? For me it just beeps thrice and hangs up. Frustrating.

This is a really shitty situation. Is this your first time using this exchange?
I wanted to know more about KYC and Withdrawal Limits at Okex but I only have find that there a 3 level accounts. But I didn't find any information what kind of data they asked for the different accounts....?
source: https://www.okex.com/support/hc/en-us/articles/360014344392-KYC-and-Withdrawal-Limits

So is it possible that you have exceeded the limit?

But regardless, at least they could send everything back to you. Would you really go for a lawsuit?

Subordinates exchanging is another work that puts OKEx among one of the foremost utilized exchanging stages within the advertise. Besides, the trade is domestic to over 448 exchanging sets in spot exchanging, 9 tokens for prospects, 23 tokens for interminable swaps, 3 tokens for alternatives exchanging.- with extra coins being included on a visit basis. Finally, with a incredible track record of security, despite being one of the biggest trades within the world, OKEx comes out as a dependable stage for dealers of all sorts.

So it turns out they regulated by the laws of the UK and Wales:

https://www.okex.com/support/hc/en-us/articles/360021813691-Terms-of-Service

13. GOVERNING LAW

The Terms, your use of the Services, any claim, counterclaim or dispute of any kind or nature whatsoever arising out of the Terms, directly or indirectly, shall be governed by, and construed in accordance with the laws of England and Wales without regard to the principles of conflicts of laws thereof.

As an unlicensed exchange they are not vetted or certified to collect government-issued IDs from EU residents.

Violating the GDPR, like I've read they've consistently done by locking accounts after deposit, comes with serious penalties. Specifically meant to be punitive enough to encourage not breaking them again. I'll reach out to their new CEO Jay Hao (who went to Georgia Tech and, fortunately, speaks English) but I have serious doubts that they type of person who takes over a company that so aggressively and flagrantly breaks the law has the moral compass to effect change. Hopefully I'm wrong and he's an upstanding kind of person.

They seem hugely focused on scamming ID documents -- all by random, anonymous people using a singular VoIP phone that they don't answer and/or the group "support@okex.com" email.

Were they, for instance, a registered bank where you could talk to a human, record their name and employment position and their financial license came with guarantees if they steal from you or sell your identity, I'd happily verify if only to get rid of them and their -- to date -- 56 inane, moronic emails and the hassle of dealing with them.

Regardless, I deeply regret ever sending even 3/4 of a bitcoin in mined Eth/BTC there to test it out.

Apologies @bct_ail, I didn't answer your questions.

Yes, I will litigate, and ask for punitive damages and for GDPR regulators to step in and fine them. Post Cryptopia, BTC-E etc etc it also registers my deposit/claim for the inevitable hack I'd think is coming as they certainly don't appear to me to have a competent team behind them.

I haven't exceeded any limits as I haven't withdrawn anything as I can't even log in. I've also tried the WeChat auth a frustrating dozen or so times and it always returns "server error". Regardless, Maltese law seems to be 5000GBP/day and EU law is 10K Euro if you register your name and address.

Not comfortable with them having even phone/address information.

I would *NEVER* send these people your passport for a higher verification. As I mentioned, as I read the GDPR, they're not authorized to collect and store it in the first place.

I'm going to stick with Binance/bitfinex. At least you can speak to a functioning, intelligent human...

This is a centralize exchange and dealing with a centralize exchange all the above mentioned documents and info are mostly required, it is inevitable if you must trade with a centralize exchange you have to undergo kyc process,  maybe you should consider providing this requirements to get your account back or whatever it is you want from them or you can as well forget about the account if there is no reasonable sum in it,  choice is yours.

Just like you rightly stated, many exchanges died down a lot with OKEx and Huobi still standing, this goes to show that both exchanges or rather OKEx to be specific have unique features which keeps bringing its users together. For an exchange to grow amidst the high number of exchanges today, the team must continue bringing about new products and services which will keep users engaged while making them to enjoy their trading activities. So therefore, I believe OKEx is one of such good exchanges which keeps following closely behind Binance. Lastly, whether Chinese or not, what matters is the ability of the exchange to prove itself worthy and exceptional among others, this is what will contribute to its growth.

I greatly appreciate the okex exchange that is even better than the binance exchange

I've heard some good feedback like as yours experience. Read few articles on OKEX, they offer decent service. Actually every single exchange poses some unique thing that's why users love to use it.

It is a good trading platform with high volume, but I rely on Binance, Houbi compare to Okex.

On September 7, an online broadcast took place in which the management of the OKEx exchange took part, discussed some important points, as well as the state of the ether network https://www.youtube.com/watch?v=7hqnVXgn8Lg

Okex is one of the best crypto exchange with good marketxap volume as per coinmarketcap.com which landed on rank 32 according to marketcap volume with 1.9 B $.

This is if you want to get a good exchange look for those exchange with volume for usually traders are in those kind of exchange and also usera will stick to a good exchange like binance.

Okex has been reviewed one of the best crypto exchange but if you will like to know more about it instead of reading the members review and their expectations you can instead try it foryourself or make your own research before engaging to a certain like this stuff.

Okex has big problems. They stop all withdrawls because one custodian who are one of the holders of its private keys a currently under investigation.

https://cointelegraph.com/news/btc-and-okb-plunge-after-okex-suspends-withdrawals

https://www.okex.com/support/hc/en-us/articles/360051090391
https://twitter.com/OKEx/status/1316967394909294593


Maybe it has something to do with this:
https://cointelegraph.com/news/33-money-laundering-crypto-crims-targeted-worldwide-in-3-separate-cases

I don't think it matters where an exchange is based so far you can access it, register and carry out the necessary activities that took you there, also so far there is a good volume and so on, then there is no issue.
OKEx is a very good exchange and in my own opinion, probably the second top exchange after Binance, owing to the volume, customer service, users and user-friendly interface of the exchange.
However, the current suspension of withdrawals on the platform might raise questions and if not tackled as fast as possible will create panic. Just imagine you have a trade to make and your funds are on OKEx alone, it means that, you have to wait till all activities are back but if the funds is in your private wallet, you can easily send to another exchange and continue from there; this is certainly one of the good reasons not to keep assets on exchanges.
So finally, assuming OKEx isn't facing this current issue, the exchange is termed one of the best in the crypto space.

OKEX is an excellent top most derivatives trading platform for their advanced technology and large trading volume. I've been using OKEX for trading for quite a while. So, I think think anyone can make a visit as it's always a fun place to trade with well balanced market profile. OKEX is a professional crypto trading platform at my end.

Did you see this post ?


Also, the impact was give a big move for almost crypto currency price. Bitcoin has plunged again before its price was trying to recover and back to the uptrend market. But now, by this information the market seem like will back to the bearish again. Each exchange will certainly have a problem, I'm OKEx's user as well, I've been using this exchange for at least seven months and indeed I have no problem during the time. But after this issue, seem like I'll decide to pull my capital and use another exchange until the problem has been resolved and get a good reputation again.

The post you qouted said if Okex has stopped all withdrawal atm, so how can you withdraw/move your money to other exchange? The problem is resolved when Okex user be able to deposit and withdraw their money again, so once you able to do that, there is no problem on Okex too

The problem is there's no ETA about when okex will be opening its withdrawal service. A lot of people from the big communities in the TG group have said that there's a chance for the one of okex custody has been getting hacked or the same case as kucoin.

More and more exchange sites problem appeared. Dex is the only solution but dex will not let us withdraw our money through use the fiat form. That looks so bad

I have some observations to add to the OKEx mystery.

In the past my Chinese friend was quite able to jump through the KYC hoops and validate his OKEx account.  https://www.okex.com has been blocked in the Mainland for a long time, but https://www.okex.me was usable as an alternative.  My friend was able to download the Android app for his smartphone and said app has worked just fine.  He could easily trade between crypto and fiat using the OKEx Android app in conjunction with whatever other payment apps he had on his phones.  Up until a few days ago all of this was working just fine, despite the withdrawal default.

Starting near the end of October, 2020, the "sell" feature to "sell" crypto in exchange for fiat stopped working.  Said feature would simply display "no records", both in the Android app and their ordinary web app.  So now he is not only unable to withdraw coins, he's not even able to "sell" the coins to the next bag-holder.

Starting near the start of November 2020, https://www.okex.me went dark.  Not visible from the Mainland and probably not visible anywhere else.

Also starting at that same time was a disturbing glitch in the matrix.  The web app displays the total approximate valuation of the spot trading account, but the detail view breaking this down by coin shows "no records."  The Android app still shows these details as well as the API.

I'm tempted to think that there's a crackdown on Chinese crypto users, but perhaps my limited observations cannot generalize so far.  I'd like to hear if anybody else is able to trade coin for RMB using any other market.

You are correct, there is still no any sign when they will enable the withdraw function too until now. On twitter, they only said if their customer's money are safe and no need to worry anything. People can't wait little longer since bitcoin price has skyrocket to above $15.6k atm, how long they need to wait again?

I used Okex before I didn't like it because I find that there are a lot of shitcoins. The use is not easy and the costs are expensive !.

I really think this could take years to get resolved because Chinese authorities already is in control with the funds. Im just glad i stopped using this exchange yrs ago since it isnt very easy to trade because of those security features.

My answer is yes, OKEX is definitely a good exchange in the entire world. As all we know, the OKEX website is no longer in China. Before China banned exchanges, OKEX is the biggest exchange in China, better than Huobi and newbie Binance.Certainly, it wasn't called OKEX before, it was called OKCoin.

Is the definitely okex good exchange. Certainly binance and kucoin another best exchange with top in my list. binance and kucoin. If a project want to add there token in those top exchange then need a lot of dollars as a exchange fee. So it is correct to say that there is no amount of shitcoin, death, scam projects in all these top exchanges.

A good exchange? A good exchange doesn't stop all withdrawls all of a sudden and leave their customers in fog.
Did you even read the news of the last weeks? If yes, I don't understand your posts.

For the past few years i have been in the industry, i have been making use of OKex as i know is a very good exchange and has much trading volume (Liquidity) so any coin or token got listed their will be luck to get to the pick verse so that is much gain for earlier investors.

Okex has already resumed withdrawals. Withdrawl was possible at 2020-11-26 at 08:00 UTC. And already the next mined bitcoin block included 2,822 BTC from Okex Exchange.  :o And the end of this day a total amount of 24,631 bitcoins was moved from the exchange.
It seems many user doesn't trust them anymore.

Source: https://www.coindesk.com/okex-sees-biggest-bitcoin-outflow-for-6-months-soon-after-resuming-withdrawals

I had a long-running error with the UK android app -- it had stopped working entirely, so I couldn't log in.

Hundreds of messages to support only returned mostly canned text -- making me think many of their support "people" are poorly coded AI bots -- and infuriating circular answers. Dozens of requests to escalate to someone in authority only returned canned answers. I eventually wrote directly to upper management, to my surprise they responded and my account was quickly reset and I was able to use the web interface to withdraw.

Of course this resolved the day before the multisig drama, so I waited that out patiently.

There do seem to be ongoing problems,
1) fake volume being one of them (which seems a common ploy https://cryptobriefing.com/hitbtc-insolvent-scams-users-cybercrime/ and OKEx has addressed it)
2) it does appear they're using coded-by-non-English-speakers AI bots positioned as "real" tech people for English-language support. Alternatively, they're rapidly on-boarding tech personnel with specific instructions to respond quickly, if not intelligently, to placate people frustrated with wait times.
3) Their founder has, at the least, put his name on other projects of questionable ethics and "ponzi-like" structure. Could just be a quest for rapid growth and other peoples' fraud ensnaring him.

But in the end the current management seem up-front and they do seem to be trying to run a legitimate, secure exchange. On thing that lends to this conclusion: Their CEO is an American citizen. Penalties for crypto/cyber fraud there are severe, and America projects it law enforcement authority worldwide, I just can't see an educated, intelligent person taking this high-profile job if he couldn't ensure it was legit.