Features of the Okex platform

The Okex platform, the leading cryptocurrency trading platform, was launched in China and spread all over the world. It was founded in 2014 by the software scientist Star Xu, and he held leadership roles in Yahoo and Alibaba sites. He also founded the OKCoin cryptocurrency trading platform after accumulating capital. From several investment companies in the field of finance, business, and blockchain technology. This allowed it to offer cryptocurrency trading services in a secure, stable, and reliable manner through internet solutions and mobile applications.

Okex is the strongest competitor to BINANCE and one of the top 3 largest cryptocurrency exchanges in terms of trading volume globally, serving millions of users in more than 120 countries. The volume of Bitcoin futures trading is around $5.3 billion per day.
OKEx has developed its app which is a comprehensive cryptocurrency trading platform. You can trade, and get live quotes in real-time, to manage your account comfortably with a high degree of security.
In this post, we will discuss the following main points.

Features of the Okex platform

The OKEx platform has many advantages that made many currency trading professionals prefer it over others, including:

Excellent and continuous support around the clock through correspondence or a private channel on Telegram and Twitter
Possibility to withdraw without activating the account with documents within 2 bitcoins per day
High trading volume allows you to execute trades at high speed
Strong and renewable currencies, as new currencies enter the platform daily
Trading takes place across 4 pairs: USDT, BTC, OKB, and ETH.
Mobile trading application
The possibility of trading using margin
Trade futures contracts with leverage up to 20x
Possibility to trade cryptocurrency futures
Interactive and real-time cryptocurrency charts
View trading records in detail
Furthermore, OKEx is known for having low trading fees – ranging from 0.03% to 0.15%. This is much cheaper than most other cryptocurrency platforms.
Convert fiat money into digital currencies With the OKEx platform, you can change money issued by governments such as dollars and euros to cryptocurrencies directly on the platform and vice versa

Types of trading accounts in the Okex platform

The main trading account: It is the trading account with the known method of buying currencies or the so-called spot
Margin Account: It is trading using the leverage of up to twenty times.
Calculating future contracts: A futures contract is a contract between two parties to purchase a specific commodity or another asset at a future moment in time but at a price agreed upon today.

OKB Currency

The OKEx platform has its coin as a utility known as OKB. One billion coins have been produced, and it is known that 60% of these coins are given to users of the platform, through discounts and rewards. The platform offers half of the service fees they collect to OKB owners as a reward.
As for the rest of the OKB platform, 10% is to cover operations, 10% for early investors, and 20% for the team supervising the platform.
What do we benefit from on OKB currency?

If you use OKB to make trades on the OKEx platform, you will get a discount on trading fees. Also, keeping OKB coin gives you the right to vote on the coins that can enter the platform, and the more OKB coins you hold, the higher your eligibility and the value of your vote, and the platform from time to time makes large round trips to distribute many coins that are listed for the first time on the platform to those who they own a coin
OKB, which contributes significantly to raising its price, as it reached $20 in March 2021.

How to register on Okex platform

You can register on the OKEX platform. The registration process is simple. After clicking on the Register button, enter your email and password, which must be strong, then confirm the password, then click on the link to activate the email from the email that you will receive and log into your account directly.
It is necessary here to confirm the activation of the 2-factor authentication option, and authentication over the phone, noting that it is not necessary but is in favor of avoiding any potential hacks, and in the event that the account is not authenticated, you will not be able to withdraw more than 2 Bitcoin per day.

OKEx account verification

Documenting the account in the OKEx platform with documents is optional and not mandatory, as we mentioned earlier. At first, you will not need to activate the account with personal documents, but later the company may request to upload some personal documents such as a passport photo or status card.

Okex platform commands

The platform provides a set of commands like other platforms, including:

Market Order

And it means "buying at the current market price", as in this way you will not fill in the price, because you have previously chosen the immediate purchase.

For example, if the current OKB price is approximately 0.00014712 BTC and you want to buy with a value of 1 BTC without specifying a specific price, then the purchase will be made at the current market price "market order", which is the best way to buy and sell quickly and without waiting for the price to go down to buy.

Stop Limit Order

Or the so-called stop-loss feature and is intended to set a specific price to stop the loss if the price declines from the expected, as soon as the market reaches that price, the order is activated, as this feature helps users to maintain profits or reduce losses, where you can use this feature if you A day trader and you cannot track your trades moment by moment, and this is what some call it.

Stop Market Order: Market Stop Loss

These are pending buy or sell orders, as it is difficult to stand in front of a computer screen or phone waiting for the price to reach a specific price to sell or buy the currency. These orders are placed.