OKEX vs Bitmex

[btc_angela]

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.

Yes, that is true. But have you ever tried margin trading there?
This comparison refers mostly to margin trading. Taking into account various altcoins and specific of basic exchange Okex is better, but what is your opinion on derivatives?

Haven't try margin trading to be honest, I'm still consider myself as I newbie trader so I don't want to take that big risk. But as far as my experience with OKex, they are all good, trade several altcoins during early 2018 wherein we are still in the tail end of bull market and everything is seamless so my experience is good.

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[atjiat]

In any case, the trader chooses the cryptocurrency trading resource that is the best and most popular, but this is the case with the highest rated cryptocurrencies that are available for trading on almost all trading exchanges.  And in relation to these two resources, I choose the second phase of Bitmex, because I am interested in the Ferrum project, which has the highest trading volume on Bitmex.  It is by these criteria that I make a choice.  If in the near future I will be interested in projects that will list on Okex, then I will choose this exchange as well.  Basically, these two examples do not have negative feedback from users, so there is no need to worry.

[FanEagle]

I use to trade on bitmex before and their service has actually been great but I later switched to Binance because of the great things that I have heard about it, and because they have more trading volume and coupled with the fact that they have very low trading and withdrawal fees, I was actually considering trying okex exchange also because of the hype that I have also heard about them and I was just about trying them out when I heard of the news of how they have delisted all the privacy coin that they have on their platform which there is no point in me using them since I cannot have all the coins that I want to trade on them.

It was because of this that I think they will lose a lot of Customers no matter the other benefit that they have, privacy coins are very important to some of us and I really don’t know why they chose to delist it.

[novaprime]

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.

Yes, that is true. But have you ever tried margin trading there?
This comparison refers mostly to margin trading. Taking into account various altcoins and specific of basic exchange Okex is better, but what is your opinion on derivatives?

Haven't try margin trading to be honest, I'm still consider myself as I newbie trader so I don't want to take that big risk. But as far as my experience with OKex, they are all good, trade several altcoins during early 2018 wherein we are still in the tail end of bull market and everything is seamless so my experience is good.

Margin trading is still a good choice if you have a good knowledge of trading and great support from previous ones. In my spare time I often do this to make more profit as this is the riskiest investment but the profit can be huge if you choose the right buy and sell price. Now almost all major exchanges use this type of trading for all investors and I think in the future all investors will tend to be more involved.

[sunstrachaisawas]

none of the choices LOL. I rather go to kucoin and binance! Just my opinion

[BaseFEX]

If anyone is looking for alternatives, we have compiled a full list for everyone's reference:
https://www.basefex.com/docs/crypto-futures-exchanges-comparison

Good look with your margin trading, be it spot or perpetual contract!

[Freddy11]

I don’t think either of these are bad but you still have to be careful with how you go and do your own research. I think there are so many Crypto Exchanges that we can really be 100% sure of which one we really intent to go with. I am always very careful because I know this is kind of stuff where chances are not to taken due to our own hard earn money on the line. So I always would be careful with how I approach all this.

[clickerz]

I don’t think either of these are bad but you still have to be careful with how you go and do your own research. I think there are so many Crypto Exchanges that we can really be 100% sure of which one we really intent to go with. I am always very careful because I know this is kind of stuff where chances are not to taken due to our own hard earn money on the line. So I always would be careful with how I approach all this.

It is given that we always very cautious  when it comes to exchanges especially if are newbies. I go with popular and legit exchanges rather than not known exchanges. Even legit ones succumb to closing and gone bankrupt how much more those unheard exchanges.

Between OKEX and Bitmex, I used them and are fine. Okex is becoming popular too.

[EastSound]

With the new feature of Binance, i have stopped using both okex and bitmex because Binance provides altcoin and margin trading.

[thisnewcoin]

Both exchanges are good enough but to me, Okex is better than Bitmex. Though Bitmex has more liquidity than oKex and their all listed coins are high valued, that's why with a few coins Bitmex has huge trading volume! OKex seems better for new margin traders, experts will choose Bitmex over Binance and OKex. Binance is new in margin trades, now there will have a competition between Bitmex and Binance.

[Quidat]

Both exchanges are good enough but to me, Okex is better than Bitmex. Though Bitmex has more liquidity than oKex and their all listed coins are high valued, that's why with a few coins Bitmex has huge trading volume! OKex seems better for new margin traders, experts will choose Bitmex over Binance and OKex. Binance is new in margin trades, now there will have a competition between Bitmex and Binance.

Nope, we cant say that Binance wont able to compete with Bitmex on near future yet it do always have the possibilities that it can tied up with Bitmex liquidity or volume.
We know the current standing of Binance in the market and it might able to dragged up its Margin trading together with its current platform.Who knows?
But if i were to choose between both then i would always go wit Bitmex but Okex is also a good choice too depending on users preference or likes.

[th3nolo]

OKEX is great but I don't trust it because I feel it's a small player btw maybe it's just me and I just need to give it a try, I know Bitmex it's not the best platform to trade but it's the leader in this industry of derivates.

there are many guys out there trying to get some of the pie of the business of BTC derivates like bybit, coinflex, binance, btse even bakkt but it's a rough business and not anyone is willing to put money on risk in a new platform that's why my go decision is bitmex even with all the problems they have.

[elewton]

Both exchanges are good enough but to me, Okex is better than Bitmex. Though Bitmex has more liquidity than oKex and their all listed coins are high valued, that's why with a few coins Bitmex has huge trading volume! OKex seems better for new margin traders, experts will choose Bitmex over Binance and OKex. Binance is new in margin trades, now there will have a competition between Bitmex and Binance.

I personally still prefer trading at Okex as this is the safest exchange at the moment and I am free to invest in any coin I like. If you compare these two exchanges, each one will have different comparisons but for me this exchange provides all investors with great liquidity and you can join Margin at any time if you want. I usually think very carefully about investing so Okex is probably exchange that makes me most satisfied at the moment

Maybe many people will suggest me a lot of other exchanges, but if you have joined Okex then you will not want to leave because sometimes they have many campaigns to give USDT to customers and support teams are always enthusiastic in all questions from investors

[kidoseagle0312]

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]

Is everything you said here in this thread your opinion or speculation based on your own experience using bitmex towards your move to Okex, what you said is quite informative, except as Bitmex because I have not tried to use. And besides, I agree that it is better to use okex compared to bitmex. And I think it's nice to analyze the moves on the graph chart of a platform exchange thing I want to learn that well, so I'll keep track of what you do about it.

[DaMut]

I have been using Okex and Bitmex for a year and here is my take about Okex and Bitmex.

- Bitmex is good for them who wanted to play big, it is not convenient for normal users because of its complexity and truth to be told. Their UI is pretty ugly.

- Okex is a good and fast exchange, their withdrawal is processed pretty quick and their customer service is very superb. But despite that good thing, I have one bad experience and have yet to be resolved by them until now. They have a child-exchange called Lxg, 2 months ago I sent a token to that exchange. But for no reason it did not go through to my personal account, not long after that they decided to delist it because their private reason and they claimed they will re-list it again in the future. 2 months have passed and every week I kept sending them a ticket asking about my situation and they kept telling me to wait.

From that, you need to know, even if it is a reputable exchange. Do not trust them 100%, and if you want to make a deposit always separate it into 2 or 3 parts if it is possible. To reduce unnecessary risk.

[BitHodler]

I personally still prefer trading at Okex as this is the safest exchange at the moment and I am free to invest in any coin I like.

Just because you don't seem to experience any problems with OKEx doesn't mean they are equally as good of an exchange to other users. OKEx has been exposed to fake 90% of their total volumes not that long ago.

If I look at their current volumes, which have gone down a bit, but they still seem to wash trade their way into the top 5 exchanges on CMC in terms of volume. No way they're just under Binance's volumes without cheating.

Maybe many people will suggest me a lot of other exchanges, but if you have joined Okex then you will not want to leave because sometimes they have many campaigns to give USDT to customers and support teams are always enthusiastic in all questions from investors

Are you referring to promotions where they "give" people x amount worth of coins? I don't see what's so special about that now pretty much every major altcoin exchange has jumped on the promotion bandwagon to please noobs.

[thisnewcoin]

Both exchanges are good enough but to me, Okex is better than Bitmex. Though Bitmex has more liquidity than oKex and their all listed coins are high valued, that's why with a few coins Bitmex has huge trading volume! OKex seems better for new margin traders, experts will choose Bitmex over Binance and OKex. Binance is new in margin trades, now there will have a competition between Bitmex and Binance.

Nope, we cant say that Binance wont able to compete with Bitmex on near future yet it do always have the possibilities that it can tied up with Bitmex liquidity or volume.
We know the current standing of Binance in the market and it might able to dragged up its Margin trading together with its current platform.Who knows?
But if i were to choose between both then i would always go wit Bitmex but Okex is also a good choice too depending on users preference or likes.

I can't disagree with you. I agree that Binance can compete with the Bitmex, but in margin trading, the majority of people will pick Bitmex over Binance and Okex! Bitmex is not a new exchange, but it got hype recently only because of the margin trading! I am Binancian, but I am not liking their too much sub-features.

[cryptothreads]

Both exchanges are good enough but to me, Okex is better than Bitmex. Though Bitmex has more liquidity than oKex and their all listed coins are high valued, that's why with a few coins Bitmex has huge trading volume! OKex seems better for new margin traders, experts will choose Bitmex over Binance and OKex. Binance is new in margin trades, now there will have a competition between Bitmex and Binance.

Nope, we cant say that Binance wont able to compete with Bitmex on near future yet it do always have the possibilities that it can tied up with Bitmex liquidity or volume.
We know the current standing of Binance in the market and it might able to dragged up its Margin trading together with its current platform.Who knows?
But if i were to choose between both then i would always go wit Bitmex but Okex is also a good choice too depending on users preference or likes.

I can't disagree with you. I agree that Binance can compete with the Bitmex, but in margin trading, the majority of people will pick Bitmex over Binance and Okex! Bitmex is not a new exchange, but it got hype recently only because of the margin trading! I am Binancian, but I am not liking their too much sub-features.

If you are a margin trader, Bitmex is probably the best exchange for you in this market because this is exchange with big trading volumes and each transaction costs more than millions of dollars. Until now, Bitmex still has great confidence from investors because this exchange has never had a problem of withdrawing money and everything is happening very fast, so it always attracts a lot of investors. I personally have used this exchange in the past and made a lot of profit here.

Currently, centralized exchanges such as Okex, Binance, Bitmax, Huobi all imitate Bitmex so Bitmex will be the best exchange in this market.

[lumierre]

I have been using Okex for a long time, and i can say Okex is the best exchange platform after Binance. Deposit, withdrawal it's realy fast and the fee very cheap.

I never used it but I think that it was my mistake. It seems to be a too serious exchange - the other day OKEx announced the creation of a new self-regulatory organization which task will be to develop standards to ensure legal compliance in the industry. The exchange says it is already collaborating with other market participants on the creation of an analog of the World Federation of Exchanges for the cryptocurrency industry.