okex withdrawal fees

OKEx, one of the world’s largest crypto derivatives exchanges, has resumed operations following an abrupt suspension that happened last month. The engine analyzes deposit, trading and withdrawal fees. New sites added every week! OKEx is a crypto exchange that was previously based in Hong Kong. OKEx security levels are exceptionally high. Leading crypto-exchange OKex has suspended all digital assets and cryptocurrency withdrawals indefinitely until further notice. +800 Cryptoassets. As reported by CoinDesk on Wednesday, OKEx had been preparing its platform functionality ahead of the reopening by testing its withdrawal system, as 0.02 BTC was moved out from an OKEx … OKEx (Futures) is a centralized cryptocurrency exchange. OKEx “claim to fame” so to say is that it is a one-stop-shop. Withdrawal Daily limits (24h) 4.728.294,69 EUR Monthly limits 47.282.946,92 EUR And there is no “this overview is the best”-view. It also offers market maker and taker fees starting from 0.15% and 0.2% respectively, with discounted fees for high-volume traders. The most active trading pair on OKEx (Futures) exchange is BTC/USD. Thank you! The industry averages are therefore slowly moving towards 0.15% and 0.10%. The maker and taker fees start from 0.10% and 0.15% respectively. Use our Exchange Finder to find out which alternatives you have. On the date of last updating this review (23 March 2020, right in the middle of the crisis with COVID-19), the 24 hour trading volume according to Coinmarketcap was roughly the same (USD 2.54 billion), but on this date it only gave OKEx place no. For example, BTCUSD and BTCUSDT perpetual swaps are will be charged according to the Type I perpetual swap rate schedules. The majority of exchanges in our Exchange List actually receive an F in this test, so relatively speaking, a D is perfectly fine. All coin-margined futures and USDT-margined futures with this type of currency as underlying currency would follow its corresponding currency fee schedules. Remarks: The individual limit is calculated separately in different trading pairs. There are coins and 807 trading pairs on the exchange. So if you are a US-investor and want to trade at OKEx, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. OKEx exchange review 2020: Features, fees, is it a safe exchange? Here is a table indicating the withdrawal fees. OKEx, however, received a D-score, which is decent. They offer 2FA and a withdrawal white list option. Further information for margin ratio position and the borrowing amount:. Deposit and Withdrawal Fees. OKEx exchange is one of the best cryptocurrency exchange site in the market with the highest daily trading volume worldwide. 1.User A has 600000 USDT in his BTC/USDT account. Check out the other new rates below: The lunar new… Rules for Margin Interest Rate Discounts and Margin Asset Borrowing Amount: Deposit & Withdrawal Fees. Twitter When reached for comments, an OKEx spokesperson told The Block that the withdrawal issues are “temporary” and that the exchange cannot disclose “the nature of an ongoing investigation.” This exchange’s withdrawal fees are thus roughly 40% lower than industry average. OKEx also offers a discount for the makers in the trades, setting the fee for them at 0.10%. Cross Collateral Interest Rate. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Trading fees and withdrawal restrictions. Here, you can deposit through both wire transfer and credit cards. OKEx does not charge any deposit fee for its customers. OKEx CEO Jay Hao uses Glassnode data and announces on Twitter that OKEx currently has 202,732.64098193 and says there have been no on-chain outflows since October 16th. Trading volume is calculated across all trading pairs and expressed in USD, based on … A full list of trading fees is available on the platform’s dedicated section, but it’s safe to say that OKEx’s fee system is designed to encourage even day-to-day traders to use the service. Accordingly, the maker fee is lower than the taker fee. The problem with this is that you will be able to access withdrawal and deposit fees only when all of these settings are complete. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. This can be helpful especially for newer crypto investors and also makes this platform a so called “entry-level exchange”, through which new crypto investors can take their first steps into the ever so exciting crypo world. OKEx also has a tiered volume-based fee discount structure which is computed from a 30-day trading volume. Use our Exchange Finder to find out which alternatives you have. OKEx adopts a maker-taker fee schedule to encourage more placements of orders and liquidity. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. The issue in question is that one of the exchange’s private key holders is “currently cooperating with a public security bureau in investigations where required.” As per reports the person in question is Xu Mingxing, the founder of OKEx and […] For example, BTCUSD futures and BTCUSDT futures will follow the Type I futures fee schedule. This exchange thus offers extreme liquidity which is very advantageous for all investors trading here. OKEx withdrawal/deposit fees . Trading Fees A guide to market making with master and sub accounts. Example: If you are Lv1 user, you have a 300 BTC equivalent withdrawal limit. Jay Hao was apologetic to those impacted and thankful to users continuing to support OKEx. The below is a picture of the trading view at OKEx: The trading fees for takers charged by this exchange are 0.15%. +20 Top Exchanges. Facebook Liquidity is something very important for all exchanges, crypto exchanges but also regular stock market exchanges. Whatever you have in mind, we've got it covered. Malta is together with Estonia and Gibraltar one of the few countries in Europe that has clear license requirements for crypto exchanges. Instagram OKEx is regarded as one of the exchanges with low trading fees. It varies slightly (depending on the mempool I guess) and you can pick your fee within a range. And also, it will only set you back USD 5,173 (calculated on the date of last updating this review, 20 November 2019). The platform will also update its private key management processes and rewards scheme. All in all, the fees at OKEx are competitive. Therefore, the maximum loan amount is 2000000 USDT. These fees are nothing but extraordinary. On OKEx’s platform, traders do not have to pay deposit fees but are required to pay a withdrawal fee of 0.0005 BTC for bitcoin, 0.01 for ETH, and 0.15 for ripple. The above exchange does indeed have great liquidity. OKEx Withdrawal fees. Deposit fee: fees vary. In order to withdraw your money from the exchange, you will need to take several steps: verify your email, set up Google Authenticator, bind your email and set up your funds password. Integrates the most liquid and trusted exchanges in the cryptospace. But, if you manage to achieve a 30 day trading volume of more than 1,000 BTC and you also hold more than 2,000 OKB tokens (the exchange’s native token), then you only have to pay 0.09% as a taker and 0.06% as a maker. Trading Fees. A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. 4X their balance is 800000 UDST. If you wanted to also withdraw 20 BTC worth of XRP you must either wait a day or contact customer service and request a limit increase. The trading pairs with this type of currency as “trading currency” will follow the corresponding spot fee schedules. Also, we feel that it is worth mentioning here that OKEx has never been hacked or breached, in spite of being one of the world’s largest exchanges. The fees for futures trading are each decided token by token. The withdrawal fee, however, depends on the type of coin as standard network transaction fees remain applicable. This trading platform charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. Fees are imposed on users on the basis of the trading option they choose. 4X of his balance is 2400000 USDT. Cumulative 30-day trading volume and average 24-hour holdings are automatically calculated daily at 00:00 (UTC). Users who have made deposits, held tokens or traded during the withdrawal suspension time period will receive 20% of OKEx’s total income from futures and perpetual swap transaction fees over the last seven weeks. This fee is slightly below the industry average. ... No withdrawal or deposit fees ; … Therefore, the maximum loan amount is 800000 USDT. This exchange is regularly one of the top 5 exchanges in terms of trading volume, meaning that the cryptocurrency orders executed here are worth a significiant amount of money (rarely below 1 billion USD per day). In the article, we will make an in-depth detailed Okex exchange review along with features, services provided by the Exchange and, Exchange pros, and cons. Different exchanges have different trading views. We run all exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/), and a lot of the exchanges receive F as scores. OKEx charges fees according to users' trading volumes and offers fee discounts for users of different tiers, including maker and taker fee rates for spot and derivatives trading. OKEx has a discount system through which you pay lower and lower trading fees the more you trade. According to info provided directly from the exchange to us, it is now based in Malta. All coin-margined perpetual swap and USDT-margined perpetual swap with this type of currency as underlying currency will follow its corresponding currency fee schedules. The final amount should be the value stated in the margin trading page. Hedge or profit from long or short positions, Easy to trade all instrument in one account. OKEx is also the largest crypto spot & futures exchange in the world. However, the following exchanges are also regularly among the crypto exchanges with the best liquidity in the world: We run this project for the benefit of the cryptocommunity on a small budget. Even if you have borrowed 2000000 USDT in the BTC/USDT trading pair, you can still borrow another 500000 USDT in the XRP/USDT trading pair. Combine any of your favourite coins or fiat currencies. Instagram. Deposit and Withdrawal Fees. Here, you can do both spot trading (i.e., regular trading) and derivatives trading. Overall, OKEx has notably low fees, which compare favourably to most other leading exchanges. On the date of first writing this review, 18 July 2019, this trading platform even had the highest 24 hour trading volume in the world: USD 2.47 billion. The industry average is arguably around 0.25%, but we are currently seeing a lot of exchanges lowering the trading fees. However, a typical minimum withdrawal fee on OKEX is around 0.004 BTC, which is ridiculously expensive (currently around $60) and is the reason I will probably never use OKEX again. Finally, regarding deposit fees , OKEx is a no-fiat exchange and does not charge anything for funding the account with cryptos as well. The withdrawal fees are also quite low compared to other crypto exchanges. OKEx said it has been “out of touch” with the concerned private key holder, without disclosing since when and by when it could resume withdrawals. Avoid unpleasant surprises afterwards. Rules for Margin Interest Rate Discounts and Margin Asset Borrowing Amount: The available borrowing amount is determined by the minimum value of the borrowing amount calculated by the Margin Account's balance, the borrowing amount of the Main Account, and the borrowing amount of the margin ratio position. To minimize your risk, we also consider other factors when calculating your maximum loan amount. Okex fee structure is given below: Trading fee: maker fee varies from 0.02-0.15% while taker fee vary from 0.05-0.2%. However, traders must pay a withdrawal fee depending on the token. It continues to accrue every hour (no interest accrues for a day if less than 1 hour passed). Your experience on this site will be improved by allowing cookies. Withdrawal fees: fees vary If you withdraw 250 BTC, 25 BTC worth of OMG and 15 BTC worth of XUC, you will have 10 BTC remaining for your limit. Okex Fee Structure. Last but not least, any trader should be aware of the advantages with achieving higher trading volumes at OKEx. Interest begins to accrue as soon as tokens are borrowed. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. They normally also have buy and sell-boxes. Facebook icon YouTube icon US-investors may not trade on this exchange. Fee rates of your master account will be applied to your sub-account at 18:00 … For example, at the time of performing this analysis, BTC's withdrawal fees in OKEx are 0.0005, which is almost the cheapest withdrawal fee you will find for Bitcoin. When Malta issued license requirements for crypto exchanges, a lot of exchanges from other parts of the world actually relocated to Malta. Margin borrowing Position Tiers. OKEx Financial Options. Cryptocurrency withdrawals on OKEx had been suspended for five weeks after one of the exchange’s private key holders could not be reached Fee tiers are based on your total trading volume over the past 30 days, up to this moment. BTC withdrawal fee has been adjusted to 0.0004 BTC from 0.0005 BTC. OKEx distinguishes normal and VIP users according to trading volume. Users who have made deposits, held tokens or traded during the withdrawal suspension time period will receive 20% of OKEx’s total income from futures and perpetual swap transaction fees … 8 on the list, showing an overall relative market improvement. This review of OKEx consists of four parts: general info, fees, deposit methods and security. For example, ETH/USDT, ETH/BTC pairs will have fees as specified in the Type I spot fee schedule. YouTube You should yourself determine which trading view that suits you the best. Regularly featuring among the top 10 global exchanges by 24-hour trade volume, OKEx offers fiat-to-crypto and crypto-to-crypto trading on more than 100 digital currencies. OKEx does not charge deposit or withdrawal fees. OKEx has lowered the withdrawal fees for BTC, ETH, XRP, BCH, and USDT-ERC20. However, the spread, or difference between the buy and ask price, must also be considered as a … OKEx Margin Trading Rules, The available borrowing amount is determined by the minimum value of the borrowing amount calculated by the Margin Account's balance, the borrowing amount of the Main Account, and the borrowing amount of the margin ratio position. 2.User B has 200000 USDT in their BTC/USDT account. Further information for margin ratio position and the borrowing amount: Normal users are divided into different tiers by their OKB holdings while VIP users by trading volume. It is also available as a download client for both Mac and Windows. ” For users whose assets exceeded 10,000 USDT before 4:00 pm UTC on Nov. 23, OKEx will issue a commission rebate card valued between a minimum of 100 USDT and a maximum of 1,000 USDT.” As of now, the OKEx markets have remained unaffected, but with withdrawals opening today, we may witness pricing volatility due to withdrawal requests in bulk. Twitter icon Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. VIP-users enjoy even more competitive trading fees. This trading platform charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. ETH: 0x1FB681385C894eAa5395ee55D22E2212EE2E1c19, Email Deposit and Withdrawal Fees; OKEx doesn’t charge users deposit fees. You can find the complete list here. This speaks volumes about the focus on security that OKEx has. This exchange is available for download at both the App Store and Google Play. By Steve Muchoki November 26th, 2020 Altcoin News, Bitcoin News, Cryptocurrency news, News OKEx Resumes Withdrawal Services After 5 Weeks of … Withdrawal fees are also modest on OKEx; 0.0004 BTC for Bitcoin, 0.003 ETH for Ethereum, and so on. You'll be recieving a confirmation email shortly. User VIP level and fee rates are updated daily at 02:00 (UTC) to correspond with the fee schedule in the table below. If you require that your exchange is also available as an app or a downloadable client for your desktop, then you have come to the right place. OKEx (Futures) volume in the last 24 hours is reported to be at ₿215,198.49 and open interest of ₿83,722.77. The master account’s tier is determined according to the total 30 day trading volume of all master and sub accounts. Users‘ transaction fee on next day is determined by their tiers. For instance, if you are a regular user doing spot trading, the standard trading fees are 0.15% for takers and 0.10% for makers, as mentioned above. This exchange’s withdrawal fees are … Apart from being a trading exchange, OKEx also provides cryptocurrency financial services. OKEx’s CEO has addressed concerns regarding the exchange’s recent suspension of withdrawals. Changelly, ZBX, Coindeal, Bleutrade, Graviex, Coinall, HBTC, BBX, Blockonix and The Rock Trading are today all based in Malta. Donations are extremely welcome. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. Coins or fiat currencies most liquid and trusted exchanges in the cryptospace levels are exceptionally high (... Venues that offer the type I futures fee schedule BTC withdrawal fee depending on the list, an. S CEO has addressed concerns regarding the exchange to us, it also. 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