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Author Topic: Is this OKEx Site is it safe?  (Read 179 times)
RayminerXX (OP)
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October 28, 2019, 07:59:08 AM
 #1

I am rather familiar with crypto trading and trade once so every often, but recently I found this new website called OKEx and some of my fellow trading friends are using it. Is it safe to trade in it? I worry whether my friends are safe when they trade.
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October 28, 2019, 08:05:45 AM
 #2

The exchange is reputable and has been around for a few years now, no reason to mistrust them.

If you're not comfortable providing your documents to them, consider using Binance or Kucoin.

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October 28, 2019, 08:21:24 AM
 #3

The exchange is reputable and has been around for a few years now, no reason to mistrust them.

If you're not comfortable providing your documents to them, consider using Binance or Kucoin.

Both Binance and Kucoin still require documents for KYC verification when the user starts going above the 2BTC limit they placed. @OP, about your question, Okex is a trusted exchange. It's a subsidiary of okcoin - one of the top (if not the biggest) fiat to crypto exchange in China. So you should be good to go. Just make sure you're visiting the correct website when transacting or trading.

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October 28, 2019, 08:25:39 AM
 #4

I am rather familiar with crypto trading and trade once so every often, but recently I found this new website called OKEx and some of my fellow trading friends are using it. Is it safe to trade in it? I worry whether my friends are safe when they trade.


Some of my friends have been using Okex since last year and there was no problem that they encountered. Withdrawals and deposit are okay and also trading in that site is also good. But even if Okex is okay we must still be cautious since even big exchanges are being attacked by hackers and so it is best not to keep your coins inside the site but store it well on your wallet instead.

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October 28, 2019, 08:29:22 AM
 #5

I am rather familiar with crypto trading and trade once so every often, but recently I found this new website called OKEx and some of my fellow trading friends are using it. Is it safe to trade in it? I worry whether my friends are safe when they trade.

Okex has been in the cryptospace for quite sometime and i think it's a good platform to trade on unless you have had an issue which makes you doubt it. Also, becareful you don't visit any clone sites of the original Okex website (https://www.okex.com/lang/en-US/)or else you will get phished and hackers would have access to your account. However i suggest you move this topic to The Marketplace board (https://bitcointalk.org/index.php?board=5.0) as this topic is suitable over there.

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October 28, 2019, 08:33:25 AM
 #6

very safe friend
I have been using okex for 5 months. Okex's reputation is also very good in the eyes of investors and traders alike with binance which has many users, okex also has a large volume so it is suitable for trading there.
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October 28, 2019, 08:37:56 AM
 #7

It's legit... I would put it in the category of Binance, kucoin, Huobi... Used it for the past 2 years with no problem so far. The only challenge is wash trading which i suspect they also do(noticed it when i placed buy or sell orders sometimes for certain tokens) but still that shouldn't affect your funds or trading that much.

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October 28, 2019, 09:04:21 AM
 #8

I am rather familiar with crypto trading and trade once so every often, but recently I found this new website called OKEx and some of my fellow trading friends are using it. Is it safe to trade in it? I worry whether my friends are safe when they trade.


Absolutely its safe to use OKex and I consider it as one of the top exchange in cryptosphere! So far, I haven't  encountered any issues yet along with this excellent platform and in fact they have another exchange as a sister company - Coinall, both of which are vibrant in  trading activity and often has excellent trading volumes.

For further reference, you can check out their standing at Coinmarketcap.
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October 28, 2019, 09:22:43 AM
 #9

okex site in my opinion is very safe for novice traders who want to jump into the world of trading in addition to a very attractive UI also the registration process is not difficult also the minimum withdrawal and very small withdrawal fees are very suitable for novice traders and there are many coin lists that are quite well-known
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October 28, 2019, 09:24:51 AM
 #10

Okex is a very good exchange and it is safe and trusted trading site. I never encounter any problem since i used this exchange.

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October 28, 2019, 09:47:40 AM
 #11

The exchange is reputable and has been around for a few years now, no reason to mistrust them.

If you're not comfortable providing your documents to them, consider using Binance or Kucoin.

Both Binance and Kucoin still require documents for KYC verification when the user starts going above the 2BTC limit they placed.

Well I guess OP won't withdraw over 2 btc per day hence that could save him for giving any documents.

Personally, OKex is doing good by far. Though there are rumors that they're faking their volume and that's not surprising to know. So just be keen on volume and never leave huge fund on your account.

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October 28, 2019, 09:54:08 AM
 #12

I am rather familiar with crypto trading and trade once so every often, but recently I found this new website called OKEx and some of my fellow trading friends are using it. Is it safe to trade in it? I worry whether my friends are safe when they trade.

They say that its great but if you really wanted to make sure that everything was fine then you should do your own research, i've looked for some details about it and they said that it was already verified as a reliable exchange so I think you won't have any issue on using it.

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October 28, 2019, 10:03:33 AM
 #13

Okex exchange is no problem in my opinion, I have had several transactions and trading there are no obstacles I've ever experienced, so I think your friend is good to trade on the Okex exchange because Okex is a large exchange, I think you also don't need to worry if trade there.

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October 28, 2019, 10:07:27 AM
 #14

I am rather familiar with crypto trading and trade once so every often, but recently I found this new website called OKEx and some of my fellow trading friends are using it. Is it safe to trade in it? I worry whether my friends are safe when they trade.

I also happen to have some friends who are using the OKEx platform to do crypto trading and I have not heard any kind of complaint so this must be working good for all of them. With some research I made on OKEx, I can say that this is one of the most legitimate and reliable cryptocurrency exchange. Now based in Malta, this must be serving customers all over the world. In 2018, OKEx is one of the top ten cryptocurrency exchanges in terms of volume of transactions and am sure that in 2019 its rank has already improved a lot because of its ongoing expansion plans.
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October 28, 2019, 10:17:32 AM
 #15

I am rather familiar with crypto trading and trade once so every often, but recently I found this new website called OKEx and some of my fellow trading friends are using it. Is it safe to trade in it? I worry whether my friends are safe when they trade.

I think it is safe exchange. Yes it is new, but I have see the transparency of this exchange, and I think couple of months ago they are having a conference I dont know if it is in Honkong or Singapore, I have some friends who are an ambassador of it, I think if something happens we can directly ask them since there is a regional ambassador everywhere.

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October 31, 2019, 08:53:40 AM
 #16

I am rather familiar with crypto trading and trade once so every often, but recently I found this new website called OKEx and some of my fellow trading friends are using it. Is it safe to trade in it? I worry whether my friends are safe when they trade.

Base on my experience yes its safe. I dont have any problem using it even in the trasnaction widrawal and deposits its normal . The only thing annoy me is the security when you login you need to enter mobile code that sometimes takes time before you recieve.
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October 31, 2019, 11:55:02 AM
 #17

I am rather familiar with crypto trading and trade once so every often, but recently I found this new website called OKEx and some of my fellow trading friends are using it. Is it safe to trade in it? I worry whether my friends are safe when they trade.


Well from my experience, it is pretty safe and I particularly love their UI/UX. Why dont you try it out yourself? okex.com
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October 31, 2019, 01:09:13 PM
 #18

I am rather familiar with crypto trading and trade once so every often, but recently I found this new website called OKEx and some of my fellow trading friends are using it. Is it safe to trade in it? I worry whether my friends are safe when they trade.

I think it is safe exchange. Yes it is new, but I have see the transparency of this exchange, and I think couple of months ago they are having a conference I dont know if it is in Honkong or Singapore, I have some friends who are an ambassador of it, I think if something happens we can directly ask them since there is a regional ambassador everywhere.

Okex is not a new exchange, in fact it is one of the most reputable exchange in the crypto industry. I've made a few trades on their platform way back 2018 and never had any issue so therefore I could say that the exchange is safe, if OP is not convince then he/she can do some research about Okex via google.

You can find information like this one:

In May 2018, the exchange became the world’s largest cryptocurrency exchange by reported turnover.

You may also check their domain through ipinfo.info

Domain Name: okex.com

Top Level Domain: COM (Commercial TLD)

Domain Name: OKEX.COM
Registry Domain ID: 1727521020_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.registrar.amazon.com
Registrar URL: http://registrar.amazon.com
Updated Date: 2019-10-29T04:23:08Z
Creation Date: 2012-06-15T18:41:04Z
Registry Expiry Date: 2024-06-15T18:41:04Z
Registrar: Amazon Registrar, Inc.

 
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November 04, 2019, 12:20:25 AM
 #19

I have been trading in the OKEx exchange for years now and I have had no issues so far, it's a reputable exchange and I would recommend it for anyone because I haven't heard anyone complaining about any issues and from personal experience, I know that deposits are processed fast, withdrawals are processed faster and the trading experience is what's to be expected from an exchange of that calibre.

OKEx Exchange is definitely in my top 3 list but bear in mind that it's a centralised exchange and you don't have full control of your funds so don't be carried away and leave your funds there for a long period of time.

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