The Chinese cryptocurrency exchange OKEx was initially positioned by its creators as the most reliable place to store digital crypto assets. Since 2014, users of this platform can use special convenient tools for conducting trading operations with crypto and fiat currencies. This crypto exchange is the leader among traders. First of all, the popularity of the platform is explained by the presence of hundreds of trading cryptocurrency pairs, as well as futures, which together allow to optimize trading strategies and increase the profit from trading.
The authors of the OKEx crypto exchange are confident that Blockchain technology and cryptocurrencies using it can become the basis of the digital economy. According to the administration of the resource, foreign exchange transactions should be carried out between market participants in the complete absence of control and regulation on the part of state bodies. One of the main tasks of the exchange platform is to ensure the free circulation of financial flows and the financial independence of the participants in the crypto market. All of this should help users to focus on the development and popularization of new tools that can digitize the modern economy.
History of the origin and development of the OKEx exchange
Crypto exchange OKEx was established in 2014 in Hong Kong. At the same time, the official website of the OKCoin exchange was launched. On the creation of the OKEx exchange platform, specialists from the OKCoin company, registered in California, worked. The founder of both projects is the famous crypto enthusiast Star Xu.
In the process of launching and popularizing the OKCoin platform, its authors were faced with the fact that the US authorities began to pursue an active policy of banning any blockchain projects involved in the implementation of futures using cryptocurrencies.
Since it was impossible to develop the project in such conditions, its management decided to change the company’s jurisdiction. Due to the more loyal legislation in China towards crypto, the exchange was re-registered in Hong Kong.
In 2018, OKEx followed the example of many other similar platforms and re-registered in Malta. First of all, this decision is explained by the full assistance of the Maltese authorities in the development of crypto technologies and the popularization of cryptocurrency.
In the future, OKEx management plans to officially launch a decentralized exchange platform (DEX) powered by the OKChain blockchain. According to the representatives of the exchange, their blockchain is in the final stages of development.
Features of the personal account of the OKEx cryptocurrency exchange
The exchange has 10 language versions. Before proceeding with the procedure for registering a user account, it is recommended to select the optimal language version of the resource. The button for changing the language of the site is in the upper right corner. However, it should be noted that the translation of the website into Russian is quite crooked.
Log in to the user account is carried out from the main page. If the user already has a personal account to start trading, he/she needs to log in to the site. Newbies, on the other hand, will have to register a new account to gain access to trading transactions.
Depositing funds
Before funding their account, a new user will have to go through the OKCoin verification procedure to verify their account.
After that, it remains to do three simple steps:
- decide on the cryptocurrency that will have to be credited to the user’s crypto wallet;
- copy the address of the crypto wallet provided by the exchange for transferring funds;
- send the required amount of funds in any convenient way to the previously copied address.
Crypt withdrawal
To be able to withdraw cryptocurrency, the user will need to at least go through the first level of account verification.
To withdraw the crypt, you need to go to the “Account” menu and select the “Withdraw funds” item, then click on the “Withdraw tokens” button in the new window that opens.
Next, you need to proceed as follows:
- the currency that the user wants to withdraw from the exchange is selected;
- the address line contains the address of the user’s cryptocurrency wallet, where funds will be withdrawn;
- the withdrawal amount is entered;
- after that, the site automatically calculates the amount of the commission;
- the user needs to click on the consent button with the size of the commission and the need to pay it;
- the Google Authenticator password, a one-time code from the email, and the previously created Fund password are entered;
- to complete the operation, it remains to click on the “Confirm withdrawal of funds” button.
After the transaction is confirmed, it will automatically appear in the user’s transaction history.
Outcomes
The OKEx cryptocurrency exchange platform is complete security of funds, a huge set of useful functions, and ample opportunities for traders. The advantages and functionality of the platform are confirmed by reviews of the OKCoin exchange from ordinary users.
