What Is OKEx Exchange?

OKEx is an innovative cryptocurrency exchange that makes it easy to buy, sell, or trade cryptocurrencies but is currently not available to U.S. residents. Instead, U.S. residents can access its sister exchange, OKCoin

How Does OKEx Exchange Work?

  • Margin trading
  • Options
  • Perpetual swaps
  • Decentralized finance (DeFi)
  • Lending
  • Crypto mining services

What Are OKEx Services?

OKEx Wallet

The exchange platform has a native wallet feature that’s accessible by downloading the wallet app separately. The wallet supports 36 digital assets and multiple vaults and integrates seamlessly with the main OKEx trading app.

Crypto mining pools

OKEx also lets users try their hand at crypto mining by joining a miner pool.

Flexible lending options

OKEx also allows different forms of decentralized financing spanning 29 digital assets. It offers traditional DeFi options using Aave, dYdX, Compound, DDEX, and Maker. These have varying interest rates determined by the platform and the token type you’d like to borrow. OKEx also enables peer-to-peer lending services with flexible terms.

What Are OKEx Exchange Features?

Algo-Order Options

There are different types of market orders to help investors place a trade at predefined price and volume, and the ability to use Algo orders is specially vital for active day traders. In comparison to other cryptocurrency exchanges, the OKEx platform is quite advanced, allowing users to trade with different types of orders. Those include market order, limit market order, advanced limit order, stop-limit order, trailing top order, iceberg and Time-weighted average price (twap) orders.

OKEx Pool

OKEx provides a mining pool which is a shared group of cryptocurrency miners who combine their computational resources over a network in order to mine digital assets. Further, it supports PoW (Proof-of-work) mining of 9 major cryptocurrencies. This means you can offer your computer hash rate that is needed to mine digital assets and in return, you will be able to get an additional income.

OKEx-exchange

A Range of Crypto Trading Solutions

Ultimately, OKEx sets itself apart from competitors in the industry by offering different methods of crypto trading. Those include:

  • Customer-to-customer (C2C) trading platform — This allows users to trade in a selection of cryptocurrencies among themselves. This is similar to an over-the-counter (OTC) trading desk that accepts fiat payments.
  • Spot and Margin trading — The Spot trading feature in the platform authorizes users to buy and sell digital assets instantly using their available funds. On the other hand, Margin trading allows users to borrow funds so that they can increase their profit.
  • Futures contracts — Using this feature provides users the option to trade cryptocurrency at a predetermined price at a future date. It also allows them to set their margin loss upon entering the futures contract.
  • Perpetual swaps — This feature allows its traders to buy and sell contracts that do not expire and that function as sound bets on the future value of a cryptocurrency.
  • Integrated storage wallet — OKEx has a mobile app that can be downloaded via the App Store and Google Play Store for seamless on-the-go trading experience.

OKEx Academy

OKEx has a great education section on its platform with plenty of guides, trading ideas, and industry analysis. On the OKEx academy, you’ll find lots of tutorials on a wide variety of topics suited for beginners and experienced investors.

Why Should You Use OKEx Exchange?

OKEx Exchange is known for:

  • Educational resources
  • Broad suite of offerings
  • High Staking APY’s
  • Hundreds of trading pairs
  • Buy/Sell dashboard that’s easy to use
  • Tech support that responds quickly via online chat.

How To Create An Account On OKEx Exchange

Step 1: Sign up OKEx account

How To Buy AVAX Token On OKEx Exchange?

Buy USDT From P2P

Step 1: From homescreen, go to “Assets”. Click “Buy Crypto”

How to get AVAX Token on OKEx Exchange?

What Is AVAX Token?

Avalanche (AVAX) is a platform that enables the launch of decentralized finance (DeFi) applications, financial assets, transactions, and other services. Everything on Avalanche is a subnet, and every chain is part of a subnet.

  • Platform Chain (P-Chain): Where AVAX tokens can be provided as a stake when validating the Primary Network
  • Contract Chain (C-Chain): Where AVAX tokens can be used in smart contracts or pay for gas

How To Get AVAX On OKEx Exchange?

Step 1: From homescreen, Click “Trade” in the top left of the interface

How To Transfer Avax Token From OKEx Exchange To Binance Exchange

Step 1: From your homescreen, Click on “Assets”, select Withdraw.

How To Transfer Avax Token From OKEx Exchange To Coin98 Wallet

Coin98 Wallet: A multi-chain wallet allows users to store, transfer and manage crypto assets on multiple blockchains. It supports more than 20 networks, including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, etc., on both Mobile (iOS and android) and Chrome Extension versions.

  • To get address of your AVAX wallet from Coin98. Login to your Coin98 account. Then select AVAX X-Chain or AVAX C-Chain wallet, as for this example, the AVAX I chose to transfer to OKEx belongs to X-Chain

How To Transfer Avax Token from OKEx Exchange To Metamask Wallet

MetaMask is a software cryptocurrency wallet used to interact with the Ethereum blockchain. It allows users to access their Ethereum wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications.

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Conclusion

OKEx is an innovative cryptocurrency exchange that makes it easy to buy, sell, or trade cryptocurrencies. OKEx offers advanced financial services as well as excellent primers for anyone new to crypto. It boasts an impressive list of services that include flexible borrowing and ways to earn interest on staked tokens. Hopefully, the information that Avaxholic has gathered in the article will be useful to you.

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Avaxholic | #1 Source for Everything Avalanche

Avaxholic | #1 Source for Everything Avalanche

Updating the latest news and find opportunities on #Avalanche ecosystem. Join our Avax-eco community in telegram. Telegram channel :https://t.me/avax_holic

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