The company behind both projects is based in China. This can explain the relatively low popularity of this exchange in the west. This is also combined with the concerns about Chinese regulatory actions in the cryptocurrency space, as the country recently banned ICOs.
The most unique things about OKEX are the stand-alone desktop platform which we will get to later and the availability of Bitcoin and Litecoin futures contracts. While this brings some assurance, in terms of security, it does not guarantee this will not happen in the future.
Those who were frustrated with the way USD bank transfers support ended are the least happy customers. While they are presented as a way for miners to hedge their risk which was the original idea behind futures contractswe would not recommend beginners to delve into them as the liquidity may be substantially lower.
While this may seem like nothing, when compared to the ratios which some forex brokers offer like the 1: Fees The fees at OKEX are probably the lowest in the industry, at the time of writing of this review.
There is a 0. This is a lot better than the average of around 0. On the other hand, the forex brokers, who provide Bitcoin trading include their costs only in the spread.
While it is a bit hard to compare spreads and commissions based on size, you can check out this post to get a better picture. Trading platform OKEX is one of the few crypto-exghanges which offers a stand-alone desktop platform. While you may be used to browser-based trading, there are a few advantages to having a separate piece of software.
Most notably, if you are running on low to middle end hardware and like to open multiple tabs, you have probably already ran into memory issues.
Additionally, the platform offered by OKEX allows multiple-monitor support. With a click of a button you can duplicate the entire layout multiple times and move it to another monitor.
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Here is a preview of how a single window in the platform looks: Charting is provided by the OKCoin proprietary system, which is a lot better than many other solutions.