OKX Exchange Review | One Of The Best Exchanges In the World?

OKX cryptocurrency exchange offers a wide range of products and services, catering to both retail and institutional investors.

OKX offers spot trading for over 300 cryptocurrencies like BTC, ETH, SOL, ATOM, and many others.

They offer a user-friendly platform with robust trading tools, making it perfect for those new to the world of cryptocurrency.

OKX also offers perpetual swaps for BTC, ETH, LTC, and XRP with leverage of up to 100x. OKX offers both isolated and cross margin perpetual swaps.

Perpetual swaps, like futures and options, are derivatives that track the price of an underlying asset. Perpetual swaps are a type of derivative contract that allows you to trade cryptocurrencies without having to own them.

OKX further supports weekly, bi-weekly and quarterly contracts and an order can only be placed when the account equity balance is larger than or equal to the margin. Users may open more or close position(s) anytime to take profit/stop loss.

OKX users can buy and sell call and put options 24/7 with Bitcoin, Ethereum and SOL. OKX offers both European Option (can only be exercised on its expiration date) and American Options (can be exercised at any time).

OKX offers margin trading for a variety of altcoins with leverage of up to 100x. This means that you can trade with more money than you have in your account, which can lead to bigger profits but also bigger losses.

OKX has developed their own native one-stop decentralized NFT marketplace where its users can create and trade NFTs across blockchains and platforms.

At the time of writing, OKX users can access NFTs from OpenSea, LooksRare, Magic Eden and IMX Official.

You can also create your own NFTs by minting on Ethereum or OKC. You can earn royalties on your NFTs which can take the form of an image, audio file, or video.

To buy NFTs, simply connect your OKX wallet and head to the marketplace. You can then either buy directly or place a bid.

With OKX Earn, you can choose to earn interest on a wide range of coins, including Bitcoin, Ethereum, Litecoin, XRP, and more.

The platform is easy to use and secure, and you can start earning interest with as little as 1 US dollar. OKX Earn offers a way to generate interest on your crypto through staking, loans, and third-party Defi services.

This yield can be earned in fixed or flexible terms with different risk profiles.

Jumpstart is OKX launchpad where OKB tokens holders have the opportunity to buy new tokens for the first time.

To participate in Jumpstart, users have to both complete Level 2 KYC and have a sufficient number of OKB tokens staked.

So far there have been 12 projects launched on Jumpstart with the most well known being Raydium (RAY) and Woo Network (WOO).

OKX provides customizable crypto trading bots that allows users to create automatic trading strategies.

These trading bots can execute automatic trading spot, futures, recurring buys, arbitrage order and TWAP (i.e., time-weighted average price). Spot, futures and recurring buys are the easiest to get started and they provide a lower risk profile.

OKB is the native utility token of the OKX exchange and is currently the 20th largest cryptocurrency on Coingecko with a fully diluted market cap of almost $4 billion.

The max supply of OKB is 300 million and the main benefits for its holders are trading fee discounts, ability to earn yield and the ability to participate in new token sales on OKX launchpad Jumpstart.

OKB also has a quarterly buy-and-burn schedule where they use 30% of the income from OKX spot trading fees to buy and burn OKB tokens.

At the time of writing, OKX have burned a total of 48,372,387.94 OKB tokens which has reduced the max supply to 51,627,612.06 OKB.