Is OKEX a good exchange?

[beveryu778]

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

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.

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[mich]

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

[inverstorloisa]

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...

[shoreno]

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  .

[mich]

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

[mich]

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/

[terizla]

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

[jessyj48]

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

[mich]

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

[marilynmanson21]

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.

[tukagero]

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.

[Annabelle75]

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...

[pallang]

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.

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.

[Annabelle75]

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.

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.

[Teraboy]

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.

[Annabelle75]

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.

[bct_ail]

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.

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?

[PhilEilhart]

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.

[Annabelle75]

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.

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?

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.

[Annabelle75]

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.

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?

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...