Summary review of OKEx, access to 100’s of tokens

  • By Tom Cleveland

  • January 25, 2019
  • 3:11 am BST

OKEx is a cryptocurrency exchange that provides financial services to global traders who use the blockchain technology. The exchange offers “hundreds of tokens and futures trading pairs to help traders optimize in their strategy” and claims to have “gained millions of dollars’ worth of investments from leading enterprises”. OKEx was founded in 2017 and is headquartered in Hong Kong.

Review Summarization – Items selected from various Internet reviews:

Other Distinguishing Factors: OKEx offers its crypto trading services to users in more than 100 countries around the world, including Australia, but not the United States. However, if you’re unsure whether you’ll be able to access OKEx from your country of residence, contact the platform’s support team for more information. OKEx is a digital asset trading platform with tools and options designed to suit both beginner and experienced traders. As well as spot trading of cryptocurrencies, it also allows fiat-to-crypto transactions and futures trading and complies with current laws in China.

What cryptocurrencies can be bought: You can buy and sell more than 145 coins and tokens on OKEx and its own token – called OKB. OKEx’s token gives traders discounts, a voting capability in the company, and benefits like margin or fiat trading for verified customers.

Exchange Fees: OKEx has about a 0.02% to 0.2% taker and maker fee, and for some customers allows margin trading and short selling. An 0.03% fee applies to opening a new position and no fee for closing one.

Security Precautions: OKEx has implemented state-of-the-art and cutting-edge security measures. OKEx also supports a few key features, which users can access for additional security, including 2-factor authentication, mobile verification codes for withdrawal, changing password and security settings, and anti-phishing codes with every email from OKEx.

KYC and AML Information: You may sign up for crypto-to-crypto trading with an email address and password. If you are depositing fiat currency, then more information is required, such as your name, country of residence and proof of ID. OKEx does not accept U.S. customers. Check website list for other prohibited countries.

Customer Service: OKEx provides a lengthy “Frequently Asked Questions” section, but if you require personal support, requests can be sent online or by email or by opening a live chat window.


  • Buy and sell more than 100 cryptocurrencies
  • Leverage trading and futures trading available
  • Desktop client available
  • Competitive trading fees
  • Large trading volume
  • Simple and straightforward trading interface
  • Established company


  • Mobile app still in beta testing phase
  • Futures trading is only for experienced traders and should be avoided by beginners

Concluding Remarks

OKEx is an exchange that specializes in bitcoin and litecoin futures. Founded and incorporated in Belize, its main operating hub is located in Hong Kong. OKEx is operated by OKEX Technology Company Limited. The platform announced in April 2018 that it was planning on opening an office on the cryptocurrency-friendly island nation of Malta, offering its services to millions of users in over 100 countries.