OKEX (OKX) exchange good?

[Oshosondy]

I think I do not need to search more about this, OKX has been an exchange I have been seeing online for long time ago with good reputation, I have not used the exchange before, I believe some people on this forum is using or have used OKX before. The exchange supports spot, margin and future trading, their trading volume on coinmarketcap is good enough that will make high liquidity possible.

Please, what are the disvatages of using OKX that you know, how about their trading fee for spot and future, hope it is not to much? Or which exchange can you recommend that is good. I have tried FTX, but I later have to delete it as their app is sluggish on my phone. But if OKX is a trustworthy exchange site, I will prefer the exchange if having a good trading fee.

[1714113889]

1714113889

[1714113889]

1714113889

[OmegaStarScream]

I've been using the platform for a few months now, and I can say that it's probably the best exchanges I've used so far:

- It's the only CEX that supports LN deposits and withdrawals
- The platform has one of the lowest withdrawals fees for BTC (on-chain) and even other assets: https://withdrawalfees.com/coins/bitcoin
- KYC is not required (up to 10 BTC per day).

You can see their SPOT/futures fees here: https://www.okx.com/fees.html

I can't really comment on the support and how responsive they are since I never had any serious problems that required contacting them.

[hugeblack]

I moved to them when Binance asked for KYC, OKX is fast and they have good trading/withdrawals fees, they support many coins with different platforms.

So far my experience with them has been successful, but I started noticing something strange, which is that the limit of my withdrawal has decreased from 10 bitcoin to one bitcoin, which is exactly what happened with binance, where restrictions were imposed on my withdrawal limits before it was officially announced.

anyway, 1 bitcoin/pay is good for non-kyc exchange.

[Bitcoin_Arena]

I have used the exchange dozens of times.

I haven't faced any problem trading, and the spot fees are pretty much within the normal crypto exchange rates. I don't know about derivatives fees since I use another platform for that.

The beauty about them is the high withdrawal limits. I have my account verified with basic information/Level 1 (Nationality, ID type, ID number
Legal first, middle, and last name) and can do about anything from 200 BTC daily withdrawal limits, futures trading to P2P trading with $500 single order limit.

The problems I have faced with the app are in signing in.

1. The app is case-sensitive, even when it comes to initials of the email address
2. The app is sluggish in bringing up the verification page (it can even take 30 seconds)

[Oshosondy]

@ OmegaStarScream, hugeblack, Bitcoin_Arena

Thank you all for your answers, I noticed it supported lightning network too, this will be a good benefit for lighting network users for payment. But I noticed it is not supporting Bech32 address yet, I saw only nested segwit, it will be good if the exchange support Bech32 segwit address too, but this is not any problem for me right now.

anyway, 1 bitcoin/pay is good for non-kyc exchange.

This amount is still okay for me, I just want to use it for few amount as I do not want my coins to stay on one exchange, that is the reason. I am looking for an exchange that support spot and future and OKX is good to go as you people recommended it.

1. The app is case-sensitive, even when it comes to initials of the email address
2. The app is sluggish in bringing up the verification page (it can even take 30 seconds)

I am even also case sensitive with emails as passwords, I know some sites can be case insensitive but I myself is someone that is case sensitive, it will not be a problem for me at all. I have not verified my account, but if there will be any need, that is not a problem if other services that I will be accessing frequently are perfect and I have seen them perfect.

[stomachgrowls]

I moved to them when Binance asked for KYC, OKX is fast and they have good trading/withdrawals fees, they support many coins with different platforms.

Have done the same thing too on the time that Binance had imposed up some KYC then i do try to find some alternative which doesnt require KYc but still have that considerable withdrawal limits

which i had found into this exchange.Cant really deny that i've been ignoring this platform since im a BInance user but well things do really changed up.
In real experience then i couldnt see any complaints because all of the things i do need is already here plus having that good user interface and overall good user experience.

[The Cryptovator]

- KYC is not required (up to 10 BTC per day).

Can't depend on that. Binance also offered withdrawal without KYC, but later they changed the rules. KYC doesn't the main fact when you are using a centralized exchange. It's because you are forced to comply with that once they will disable withdrawal for KYC.

By the way, is Okex rebranded as OKX? The domain seems to redirect to okx.com. So yes, though I didn't use it but didn't hear any bad things as well. So I can't say exactly about their behavior.

[Xxmodded]

OKEX is good and friendly exchange well with the other exchange market but right now minimum you need pas first level identity where you need to submit your document ID without have to upload, just filled your ID number can provide ID Card number or you can use SIM or your Passport number. For withdrawing and deposit service is running well and looks faster with OKEX exchange market but I have out from this exchange about three months ago, ever use this exchange and have good service I think and recommended exchange for trading spot but still not trying with Future trading on OKEX.

[OmegaStarScream]

-snip-
anyway, 1 bitcoin/pay is good for non-kyc exchange.

That's pretty strange. I looked everywhere but couldn't find anything about them lowering limits. Have you tried reaching out to the support to find out why?

Can't depend on that. Binance also offered withdrawal without KYC, but later they changed the rules. KYC doesn't the main fact when you are using a centralized exchange. It's because you are forced to comply with that once they will disable withdrawal for KYC.

Honestly, KYC doesn't sound like something we can avoid forever, especially with more countries legalizing bitcoin and cryptocurrencies (India, Ukraine, Russia, etc.). It's probably only a matter of time until all CEXes enforce KYC, which is fine as long as they don't pull a "bittrex" and they just lock everyone's funds without a heads-up to their users.

By the way, is Okex rebranded as OKX? The domain seems to redirect to okx.com. So yes, though I didn't use it but didn't hear any bad things as well. So I can't say exactly about their behavior.

Yes, they actually rebranded three weeks ago: https://twitter.com/okx/status/1483348309339164674

[savetheFORUM]

OKEX is good and friendly exchange well with the other exchange market but right now minimum you need pas first level identity where you need to submit your document ID without have to upload, just filled your ID number can provide ID Card number or you can use SIM or your Passport number. For withdrawing and deposit service is running well and looks faster with OKEX exchange market but I have out from this exchange about three months ago, ever use this exchange and have good service I think and recommended exchange for trading spot but still not trying with Future trading on OKEX.

Ah so before they do not ask for KYC but now they are now requiring it? So, they got stricter but their KYC is easier compare to the level 1 KYC of other exchanges because they require a picture proof and they wont process it if they feel that the picture is a little blurry. I have a problems with that because my phones camera doesn't have a good quality but how will they know that it was your id if you will only put a number?

Anyone can randomly enter a number or copy someone's id number on the net. I know OKEX before as one of the famous exchanges but I haven't heard of them lately maybe because I didn't recognized their new name.

[OmegaStarScream]

Ah so before they do not ask for KYC but now they are now requiring it? So, they got stricter but their KYC is easier compare to the level 1 KYC of other exchanges because they require a picture proof and they wont process it if they feel that the picture is a little blurry. I have a problems with that because my phones camera doesn't have a good quality but how will they know that it was your id if you will only put a number?

Obviously, there's no way for them to confirm the ID number on its own but if it doesn't match the picture, then your account won't get verified. The same applies if your picture is blurry as you're saying.

[Bitcoin_Arena]

By the way, is Okex rebranded as OKX? The domain seems to redirect to okx.com. So yes, though I didn't use it but didn't hear any bad things as well. So I can't say exactly about their behavior.

I noticed it too when I accessed the site and APP a few days ago.

If you are quite keen, you will realize they changed their logo too, including the APP icon.

Ah so before they do not ask for KYC but now they are now requiring it? So, they got stricter but their KYC is easier compare to the level 1 KYC of other exchanges because they require a picture proof and they wont process it if they feel that the picture is a little blurry. I have a problems with that because my phones camera doesn't have a good quality but how will they know that it was your id if you will only put a number?

Anyone can randomly enter a number or copy someone's id number on the net. I know OKEX before as one of the famous exchanges but I haven't heard of them lately maybe because I didn't recognized their new name.

If I recall well, Binance, localbitcoins or bittrex also used to be like that. Issues come up when they make their verification more strict. That when you get trapped and won't be able to verify your account because the numbers or names you used are not the same as those on the ID.

[Taskford]

I think I do not need to search more about this, OKX has been an exchange I have been seeing online for long time ago with good reputation, I have not used the exchange before, I believe some people on this forum is using or have used OKX before. The exchange supports spot, margin and future trading, their trading volume on coinmarketcap is good enough that will make high liquidity possible.

Please, what are the disvatages of using OKX that you know, how about their trading fee for spot and future, hope it is not to much? Or which exchange can you recommend that is good. I have tried FTX, but I later have to delete it as their app is sluggish on my phone. But if OKX is a trustworthy exchange site, I will prefer the exchange if having a good trading fee.

Binance irratate me their mandatory Kyc before that's why my next best second option is OKX since I see them good when they do good marketing before and even by know I didn't experience any huge issues for using their platform and they have fast and newbie friendly site to trade on. Also FTX is recommendable this platform is also good alternative so pick one of those and try if which one would pass on your taste.

[Oshosondy]

Can't depend on that. Binance also offered withdrawal without KYC, but later they changed the rules. KYC doesn't the main fact when you are using a centralized exchange. It's because you are forced to comply with that once they will disable withdrawal for KYC.

The only way we can depend on are decentralized exchanges if we want to fully avoid KYC, but so far OKX is still accepting users that do not verify to withdraw. Some people will still be using OKX until they make KYC compulsory.

By the way, is Okex rebranded as OKX? The domain seems to redirect to okx.com. So yes, though I didn't use it but didn't hear any bad things as well. So I can't say exactly about their behavior.

I have noticed OKX have good reputation, I have been using it few days now, still short but their service has been so good this time, only what I noticed is that my phone can force close the app at times, but this begin to some other apps on my phone when I upgraded from Android 9 to Android 10.

[BitMaxz]

I have noticed OKX have good reputation, I have been using it few days now, still short but their service has been so good this time, only what I noticed is that my phone can force close the app at times, but this begin to some other apps on my phone when I upgraded from Android 9 to Android 10.

I'm using OKEX exchange and now OKX since before without any issue withdrawal limit for non verified account still less than 10BTC.
I have an Android 10 Phone but I don't experience some issues using their apps would you mind trying to clear your cache and reinstall the app.

If it doesn't work I suggest you report your issue to their support or go to their local community and ask for help

You can also use a browser to access OKX which is way better than the app.

[Oshosondy]

I'm using OKEX exchange and now OKX since before without any issue withdrawal limit for non verified account still less than 10BTC.
I have an Android 10 Phone but I don't experience some issues using their apps would you mind trying to clear your cache and reinstall the app.

If it doesn't work I suggest you report your issue to their support or go to their local community and ask for help

You can also use a browser to access OKX which is way better than the app.

It is not an issue for me, not only OKX app is closing on my device, few others are doing that, I am sure it is not the app, it is just the upgrade, not the Android 10 OS upgrade but likely the phone is more friendly to Android 9 if compared to Android 10. It is not a problem because it is not frequent, even if it happens, once the app close once, I will open it again and it will not close the second time or throd time, it has not gone beyond second times. The app works fine is what I have experienced.