OKX exchange is the rebranded OKx exchange that took place on 18 January 2022. The new name comes with the promise from the team that they are making actions to do it decentralized.
As Jay Hao, CEO of OKX said: “Most importantly, we’re doing this while upholding the core principles of crypto — decentralization, and autonomy.
Our goal is to give customers the tools they need to easily and securely earn, transfer and spend their wealth as they see fit, without intermediation from us. We’ve dropped the “E” from our name because we’re so much more than an exchange, just like crypto is so much more than a speculative asset.”
OKX, formerly known as OKX Login, is a Seychelles-based cryptocurrency exchange that provides a platform for trading various cryptocurrencies. Some of the exchange’s core features include spot and derivative trading. It was founded in 2017. OKX is owned by Ok Group, which also owns crypto exchange Okcoin. On April 11, 2018, the company announced its expansion to Malta.
OKX, recently became the second-largest cryptocurrency exchange in the world by spot trading volume and currently ranks third in liquidity. It has more than 250 coins listed and over 400 pairs. As of writing this article, it has a 24 Volume of $16,902,307,507.
It has a focused reach in providing spot, perpetual, futures, options, and margin trading for users, with up to 10x leverage.
OKX has its own coin OKB, which gives the users access to the crypto exchange’s special features. The coin is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB.
Furthermore, it has developed its own blockchain OEC. The trading chain: a decentralized, borderless, blockchain technology-based ecosystem for exchanging value, which has OEC token (OKT). More details here.
Last but not least, there is an earn section where you can earn in different ways. Savings is one way. Savings is a value-added product for flexible earnings. You can earn hourly interest, as well as deposit and withdraw your assets at any time. Assets from Savings are used to fund OKX margin loans.
Staking is another way. As they define on their site: Staking is how Proof of Stake (PoS) networks maintain their security. By locking the native token, you can earn staking rewards in return. When you stake or delegate your crypto, you help run the network and participate in its governance. Rewards are distributed in proportion to the amount you have staked versus the total amount.
Additionally, they have Flash deals, DeFI, DOT&KSM Slot Auction where you can vote for Polkadot and Kusama projects to get rewards, ETH2.0 staking with lower barriers, and stable returns, and finally, Jumpstart where you can participate in early sales of tokens.
I made an account on OKX because it was one of the exchanges I could buy GODS token, the utility token of the NFT game God’s Unchained. I wrote an article about this game. Play to earn: God’s unchained.
I like to earn through the savings, the slot actions, and the jumpstart.
The fees for trading are really low, 0.080% maker fee and 0.100% taker fee, and that is for tier 1, the default tier when you first make an account. The KYC is very straightforward and easy to accomplish.
The security is high as you can enable various parameters such as Funds password, Authenticator app, 2-factor authentication (2FA), Anti-phishing code, Login password, Mobile verification, and Email verification.
You can buy cryptos with the use of a credit card, bank transfer, SEPA, ApplePay, Google Pay, and Advcash Wallet. So you have a lot of options.
If you buy $100 or more of any crypto, you get $10 of BTC for free in your account that you can withdraw or trade immediately. Use my link here OKX.com, or if you download the app, use my code: 11348120.
Bonus: If you are living in Asia, there is a promotion event running until 23:59, 7 February 2022 (GMT +8), where you can get some gifts. Find out more here.
Don’t waste time, create an account on OKX.com and discover more coins and options to make profits.