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bozeman
1 Level
7 Review
15 Karma

Review on OKEx by monte odes

Revainrating 4 out of 5

Okex is a crypt exchange , and one of the more relevant and highly used ones…

Okex is a crypt exchange , and one of the more relevant and highly used ones. Okex has a lot going for it as they offer many things that most exchanges do not. The first being the number of coins they offer the user to trade. A lot of exchanges offer a lot of choices but i find okex offers cryptos with a better standard to project. They have also following suit in the seeing how binance has moved to malta. Okex move to malta will offer traders more of a secruity or relief that they will not have an overwhelming concern constantly that the government will interfere and or try to shut exchange down. You would think most exchanges that are not decentralized would be flocking to malta along with other crypto projects. However that just is not the case. So i think okex initiating this move is a great relief in that you can see how the team realizes the problems that can a rise and are doing everything possible to have a smooth running exchange. Another main thing needed to have a smooth running exchange is liquidity. This something that is a must i find when it comes to these exchanges that are not decentralized. People want to know that when the time comes to buy or sell that the exchange will be able to have enough liquidity to fill these orders. Okex i find is one of only three exchanges that fulfills this need. Something that Okex offers that other major exchanges dont is futures. Futures has become a very large area of crypto trading this past year. So once again by okex demonstrating that they recognize the need that needs to be filled. Lastly they offer a very user friendly platform. This may seem simple and something that you would think is a concern that would be taken care of right away. This is not the case though with most exchanges. they are clunky and confusing. Okex offers users and more importantly the new user a very simple and smooth interface. Okex does though have a huge draw back, and that is not allow united states residents. Hopefully sometime in the future this will be lifted but until then this is the one flaw i see in the exchange.



Pros
  • they have great liquidity
Cons
  • dont allow united states citizens accounts

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