Referrals and crypto-education in centralized exchanges: a way to attract new retailers

OKEx uses a buy-back scheme to slowly burn the 300 million circulating supply of OKB tokens every 3 months. This is done to drive up the token price by reducing the quantity of the tokens available publicly. You can check the exchange’s complete list of supported coins on the exchange’s Markets page.

For USDT, a fixed APY rate of 10% is available up to 2,000 USDT. Other promotions on OKX include a free football cup NFTs giveaway. Perpetual swaps incur a funding fee at designated times on OKX to keep the price of the perpetual market anchored to the spot index price. Depending on the rate, this can be either a credit or debit.

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Withdrawal fees are usually charged, although these are paid to miners rather than the exchange. Withdrawal fees can change; for example, in 2020, an announcement confirmed that multiple cryptos, including BTC, ETH and USDT-ERC20 were to have their fees lowered.

Employees rate OKX 3.2 out of 5 stars based on 120 anonymous reviews on Glassdoor. @dell Has anyone here worked in Dell Financial a services previously or current time? I have an interview and wanted to know the compensation plan and job. OkEx customer service is very well-known for being helpful and responsive.

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This is an increasingly common practice across crypto platforms and is designed to reduce fraud and money laundering. OKX also offers a My Wallet function where clients can manage funds across their different trading accounts and tokens. Although the education section is limited, there are helpful articles on various topics, including API investing and dollar-cost averaging.

• OKEx allows you to fund your account with 30 different fiats and several digital currencies.
• Minimum and maximum deposit and withdrawal limits also vary depending on the token – head to the broker’s website for a comprehensive list.
• To buy your first cryptocurrency, you have to click on the “Buy/Sell” icon on the top left corner, where you will be directed to the page below.
• The exchange also maintains offices in Hong Kong, Malta, and Belize.

If you set up your order to buy and the market rises above this limit then it will not be executed until the same amount of shares have been sold first. The opposite applies if you put in a sell limit order – if the share price falls below this specified level before any purchases are made, then no selling will take place. As with market orders, a stop loss can also be applied to all trades completed with these options for risk management purposes. Market orders enable you to buy or sell at the best available price. The market maker does not provide liquidity in this type of trade and is obligated to fulfill it as soon as possible.

Deposit and Withdrawal Fees

You get extra money in your crypto wallet when you lend out your cryptocurrencies or stake them in projects to secure a blockchain network. There are several great projects you can put your crypto on to make some extra income. OKEx maintains a stable user experience across all platforms. The mobile app has a simple, okex review fresh layout that allows you to see everything and navigate your way seamlessly. The app also doesn’t freeze up on you mid-use – a problem that many bitcoin exchanges have encountered with their mobile apps. However, note that you will need to pay a minimum Bitcoin network fee on all BTC withdrawals.

He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works. The exchange has been available for years now, and it has continued to operate despite security threats and changing regulatory procedures. OKEx doesn’t ask for identity verification for basic transactions. However, you will need to complete the exchange’s KYC processes if you want to make transactions exceeding 200 BTC daily. The exchange also maintains offices in Hong Kong, Malta, and Belize. But for the sake of this writing, once you verify your email, you can head straight down to depositing funds.

OKX implements multiple security measures to protect user data and funds, including withdrawal passwords, two-factor authentication using Google Authenticator and anti-phishing codes. The company also stores a portion of funds in cold wallet storage to increase its protection from malicious attacks and hacks. Semi-offline wallet storage is used in addition to this to combine convenience with security.