OKEX vs Bitmex

[sockpuppet1911]

I might try that as well and other alternatives after i have studied them a bit. Due to the recent circumstances, i am too afraid to keep anything on Bitmex right now. And that's too bad because i really loved that place. Hopefully the situation resolves quickly.

Edit: Blockchain Transparency Institute is claiming that OKEX is over 90% wash trading, (not sure if this applies to bitcoin or just other assets). I think i go and find some other platforms to trade on.

[Golstrim]

I might try that as well and other alternatives after i have studied them a bit. Due to the recent circumstances, i am too afraid to keep anything on Bitmex right now. And that's too bad because i really loved that place. Hopefully the situation resolves quickly.

Edit: Blockchain Transparency Institute is claiming that OKEX is over 90% wash trading, (not sure if this applies to bitcoin or just other assets). I think i go and find some other platforms to trade on.

Yes, bitmex was a lovely place for most of traders, but these rumors around CEO, slumped trading volume and CFTC investigations towards BitMEX are dangerous.
I heard about that experience regarding volumes on Okex. On derivatives market everything is better, they also donated 4.5 million to insurance fund. It decreases trader's risks at the moment of liquidation.
So you decide anyway and DYOR

[btc-facebook]

I have never used Bitmex or OKex,
a little suggestion select an exchanger that uses a cold wallet, like KuCoin which provides a cold wallet, because when we deposit our funds it can't be traded, it must be transferred first from the cold wallet to the hot wallet, it's a bit complicated but it's safe for me,
if bitmex or Okex has these features, I think that is a good value to choose from.

[ethereumhunter]

I never used OKex before, and I only use Bitmex. I think it depends on what we feel on each exchange because so far, I don't have any problem for trading in Bitmex. Besides that, I don't have any experience of getting a freeze on the trading, maybe its because your internet connection gets lack or get a problem. Maybe later I will take a look at OKex, and if I can see that exchange is better than Bitmex, maybe I will use it.

[Golstrim]

I never used OKex before, and I only use Bitmex. I think it depends on what we feel on each exchange because so far, I don't have any problem for trading in Bitmex. Besides that, I don't have any experience of getting a freeze on the trading, maybe its because your internet connection gets lack or get a problem. Maybe later I will take a look at OKex, and if I can see that exchange is better than Bitmex, maybe I will use it.

Apparently you never had trading experience on Bitmex in other case you would understand me.
It is not about internet connection, point is that big liquidations overload system and it freezes new orders in order to cover liquidation wave and decrease impact of new opening orders on this movement

[Nellayar]

I will use OKEX than BITMEX not because of popularity or anything else but I guaranteed already in OKEX. I used it olenty times and all I can say that they have a good trading platform. Another thing, I have many friends using OKEX and they are winning the trading prizes as well. I like both of them but I always use OKEX when I am buying alts.

[Lawrenzoo]

Guys, I switched from trading on Bitmex to Okex.
I know that most of you use bitmex as the only crypto exchange for margin trading, but I prefer Okex. To be honest I've been trading futures on Okex even before I got registered on Bitmex.

Advantages:
-there aren't overloads,
-there are more trading pairs,
-smaller fees (on Bitmex fees are incredible, especially on withdrawal and if you have small balance , withdrawal fee is getting major part of your deposit)
-on Okex you can withdraw funds immediately unlike bitmex (once a day)
-UI and number of chart analysis instruments on Okex is more attractive for me
-price tick is smaller on Okex 0.1$ vs 0.5$ for bitcoin. Sometimes I think that price on bitmex isn't moving.
- mobile application. I have access to trading terminal 24/7 with mobile app on Okex
- sms notifications when you margin maintenance is in the risk zone. It prevents liquidation, they take care about your risks.

I NEVER experienced freeze at the moment of fast movement. This is the most important thing. What is more I think that Bitmex is hunting on stop losses of huge whales, so Okex is a diversification for you and the way to avoid being a victim of liquidation wave (spikes are stronger on bitmex)

Disadvantages:
Regarding their product.
They have introduced perpetual swaps recently, product is a bit raw, because there aren't stop losses, but I had a talk with support and they promised to deliver this feature asap. So I think after adding stop losses they can compete with bitmex. Personally I don't care about it, because I use futures due to absence of  funding rate and I don't want to pay extra fee daily for borrowing assets.

If you have any questions about derivatives or Okex features, I am ready to help.

So what do you think?

[mod note: removed referral link spam]

to me, i still prefer bitmex, okex is just trying to use you to create hype for them because they are still quite new to the system, by the time they get use to the syste, they will act like others too.

[jeraldskie11]

Okex is best exchange for now according to the coinmarketcap. I'm surprised why many people use Okex because earlier I consider Binance will be the best but if we really look at the total market of Okex it was the highest, so we can't deny that this is best of the best exchanges.

[RobertMondragon]

I never used OKex before, and I only use Bitmex. I think it depends on what we feel on each exchange because so far, I don't have any problem for trading in Bitmex. Besides that, I don't have any experience of getting a freeze on the trading, maybe its because your internet connection gets lack or get a problem. Maybe later I will take a look at OKex, and if I can see that exchange is better than Bitmex, maybe I will use it.

Apparently you never had trading experience on Bitmex in other case you would understand me.
It is not about internet connection, point is that big liquidations overload system and it freezes new orders in order to cover liquidation wave and decrease impact of new opening orders on this movement

If overload is really your concern, a smaller exchange whose trading turnover haven't overwhelmed its server yet would be worth considering. Such as Deribit and BaseFEX. But then you will face other issues for example Deribit's frequent downtimes & BaseFEX's much smaller liquidity.

There isn't a perfect exchange. Just what you are looking for.

[Exidous]

Okex is best exchange for now according to the coinmarketcap. I'm surprised why many people use Okex because earlier I consider Binance will be the best but if we really look at the total market of Okex it was the highest, so we can't deny that this is best of the best exchanges.

Okex has never had a security problem and this exchange always has great stability when trading. I personally like to invest in Okex because of the low cost and huge liquidity, so many big projects are concentrated here and it makes many investors earn big profits. Compared to other exchanges, I think Okex deserves to be in the No. 1 position because this exchange has never disappointed any investor.

[Vishnu.Reang]

Okex is best exchange for now according to the coinmarketcap. I'm surprised why many people use Okex because earlier I consider Binance will be the best but if we really look at the total market of Okex it was the highest, so we can't deny that this is best of the best exchanges.

Okex has never had a security problem and this exchange always has great stability when trading. I personally like to invest in Okex because of the low cost and huge liquidity, so many big projects are concentrated here and it makes many investors earn big profits. Compared to other exchanges, I think Okex deserves to be in the No. 1 position because this exchange has never disappointed any investor.

The fact that no one has hacked the exchange before is not a guarantee for protection from future robberies. We used to think the same about Cryptopia also, and everyone knows what happened to that exchange. Another exchange that never got hacked was BTC-e. But in the end the feds got them. With such high wash volume, I am sure the feds will get interested with OKEX sooner or later.

[RealMalatesta]

For over overloading, I really don’t like using that to compare exchanges because you cannot compare the time okex was established to when bitmex was established, and look at their user database, bitmex own is much more larger, and with time, okex the way its gaining recognition now will also be over overloaded and face the same issue also, you know that people like to use trust worthy exchanges, and okex is also one of the best exchanges that I have seen so far which they almost have the same similar features that binance has, and also their decentralized exchange platform has really be a great one with high volume. Both of the exchanges are still doing very great and I would not advise bitmex users to leave for okex, but any new user can consider okex.

[Kemarit]

Okex is best exchange for now according to the coinmarketcap. I'm surprised why many people use Okex because earlier I consider Binance will be the best but if we really look at the total market of Okex it was the highest, so we can't deny that this is best of the best exchanges.

Okex has never had a security problem and this exchange always has great stability when trading. I personally like to invest in Okex because of the low cost and huge liquidity, so many big projects are concentrated here and it makes many investors earn big profits. Compared to other exchanges, I think Okex deserves to be in the No. 1 position because this exchange has never disappointed any investor.

First I don't think that any exchanges is safe for any breach or hacks, perhaps hackers are not putting their attention on Okex not because they have good security, but rather hackers are targeting exchanges like Binance which because of the huge money they can get. Second, why are they still no 2? Because other exchanges offer better services, again like Binance that's why is hasn't get the recognition as the best platform right now. There are even reports that Huobi is also doing good, but I haven't heard the community talk about it. It's all about Binance at this point.

[BitHodler]

First I don't think that any exchanges is safe for any breach or hacks, perhaps hackers are not putting their attention on Okex not because they have good security, but rather hackers are targeting exchanges like Binance which because of the huge money they can get.

Hackers target all exchanges, not just the largest ones. OKEx holds over 100k BTC on behalf of its users and a large percentage of the circulating Ethereum supply. This is more than enough incentive for hackers to attack it.

At this point I find it hard to believe that an exchange (doesn't matter which one) hasn't been hacked at least once. Just because we don't read about it doesn't mean it doesn't happen.

If it only concerns like a few hundred or maybe few thousand coins, an exchange as OKEx can just continue working as if nothing happened because there won't be a situation where people simultaneously withdraw all their coins.

[Ninnet]

Guys, I switched from trading on Bitmex to Okex.
I know that most of you use bitmex as the only crypto exchange for margin trading, but I prefer Okex. To be honest I've been trading futures on Okex even before I got registered on Bitmex.

Advantages:
-there aren't overloads,
-there are more trading pairs,
-smaller fees (on Bitmex fees are incredible, especially on withdrawal and if you have small balance , withdrawal fee is getting major part of your deposit)
-on Okex you can withdraw funds immediately unlike bitmex (once a day)
-UI and number of chart analysis instruments on Okex is more attractive for me
-price tick is smaller on Okex 0.1$ vs 0.5$ for bitcoin. Sometimes I think that price on bitmex isn't moving.
- mobile application. I have access to trading terminal 24/7 with mobile app on Okex
- sms notifications when you margin maintenance is in the risk zone. It prevents liquidation, they take care about your risks.

I NEVER experienced freeze at the moment of fast movement. This is the most important thing. What is more I think that Bitmex is hunting on stop losses of huge whales, so Okex is a diversification for you and the way to avoid being a victim of liquidation wave (spikes are stronger on bitmex)

Disadvantages:
Regarding their product.
They have introduced perpetual swaps recently, product is a bit raw, because there aren't stop losses, but I had a talk with support and they promised to deliver this feature asap. So I think after adding stop losses they can compete with bitmex. Personally I don't care about it, because I use futures due to absence of  funding rate and I don't want to pay extra fee daily for borrowing assets.

If you have any questions about derivatives or Okex features, I am ready to help.

So what do you think?

[mod note: removed referral link spam]

I would not so categorically make a choice in favor of a particular exchanger. There are no universal solutions and for each situation you need to choose the most profitable exchange at the moment. I prefer to use bitmex and okex. It all depends on my goals at the moment. If you still want to choose one of them, then I recommend reading reviews about them: https://revain.org/exchanges/bitmex and https://revain.org/exchanges/okex

[cryptic4000]

Okex is more than everything when compared to bitmex, I have used Okex for trading or buying and selling and Okex supports never losing anything from Okex.

Each exchange has its own function and we can not compare because it is not really detailed. If you really like altcoin investment and want to trade cheaply then Okex may be the perfect choice for you but if you just want to join margin with great liquidity, Bitmex is the number one choice because this is exchange can help you to Margin the easiest way without many problems. I personally prefer to use both for trading as these are the only two exchanges that make me feel most satisfied

[dark08]

Okex is more than everything when compared to bitmex, I have used Okex for trading or buying and selling and Okex supports never losing anything from Okex.

Each exchange has its own function and we can not compare because it is not really detailed. If you really like altcoin investment and want to trade cheaply then Okex may be the perfect choice for you but if you just want to join margin with great liquidity, Bitmex is the number one choice because this is exchange can help you to Margin the easiest way without many problems. I personally prefer to use both for trading as these are the only two exchanges that make me feel most satisfied

I agree to you dude! Every trader have their own choices which exchange site is the best for them most margin trader like bitmex because of its leverage but like what you said theirs a trader like Okex, as a margin trader I prefered bitmex but like other exchange site bitmex have a issue like system overload.

[binhvo1505]

I am used to trading at Bitmex and I don't really like exchanges that do not have stoploss feature. You know, our market is very volatile and the market may drop more than 15% in one night.
If I trade without a stoploss, I really can't sleep. For me, Okex is good but Bitmex will be safer. I encourage you to use Bitmex and constantly urge Okex's team to implement the stoploss function as soon as possible.

[nreal]

I am also using OKex, it is a more versatile platform than Bitmex. You can trade Altcoin, Margin, Futures, Perpetual Swaps, OTC. What I especially like about OKex is that it has an extremely flexible savings system, You can deposit and withdraw savings whenever and interest will be added to your account from the second day.

[MrPiggles]

I have experience on both exchanges and frankly speaking Okex is more attractive for me. Bitmex is easier to understand for newbies, but if you want to use wide range of instruments, fixing in USDT and in different alts, then Okex is better. Needless to say you can open sub accounts to manage your clients, to withdraw funds quickly and other advantages

Okex supports a lot of altcoins and this is an exchange that can help me to make the easiest profit because Okex has a mobile app for investors and I can easily trade anywhere. In fact, I like trading at this exchange because everything here is very good and I do not have any problems when withdrawing money here. There may be other exchanges that work like Okex but this is one of the best liquidity exchanges in this market.