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Review on OKEx by TAN PHAM

Revainrating 5 out of 5

Practically any OKEX review states that one of its main advantages is…

Practically any OKEX review states that one of its main advantages is extremely low trading fees. OKEX fees paid by the customers are determined by the average daily trading volume over the past 30 days. The highest maker fee is set at 0,15% while the taker fee reaches only 0,2%. At the same time, these fees can be reduced to only 0,002% and 0,05% for the makers and the takers respectively.



Pros
  • The news about OKEx accounts being attacked has spread quickly in the last 48 hours and caused heated discussions in China. Consequently, OKEx published an official announcement on Oct. 2. In the announcement, the exchange expresses confidence in its security system, explains the possible causes of the theft, and requires users to improve their security settings. OKEx states that its security is reliable and it has blocked all withdraw operations done by attackers. However, in order to better protect accounts, users should enable Google authentication. What’s more, OKEx lists several possible causes for the theft and provides suggestions about how to avoid other potential security threats.
Cons
  • The exchange functions both as a web site with OKEX API as well as a desktop application. Apart from offering coin-to-coin operations which are typical for the majority of traditional exchanges, OKEX also allows its users to engage in fiat-to-crypto trading. However, this is only applicable for Chinese clients, since Chinese Yuan is the only currency which is accepted here, but at the same time the platform includes well over a hundred different altcoins.

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