.svg)
.webp)
Do you have ideas or suggestions for changes? Then we look forward to your feedback! We make every effort to keep all metrics and information as up-to-date as possible. However, if you discover an error or outdated information, we would be delighted to hear from you.
Feel free to write to us:
Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
.svg)
.svg)
OKX vs MEXC in comparison
Overview
OKX, established in 2017 and headquartered in Seychelles, is a global cryptocurrency exchange that provides a platform for various crypto-related services. It offers a wide array of features including spot and derivatives trading, P2P exchange, savings and staking options, as well as an NFT marketplace. OKX supports a large number of cryptocurrencies, boasting over 400 digital currencies and more than 796 trading pairs. The exchange is known for its competitive fees, strong security measures including two-factor authentication, and a user-friendly interface that caters to both beginners and experienced traders. However, it's not available in the United States and some other regions due to regulatory restrictions, and there have been some concerns about customer service responsiveness
Features Comparison
0.1
%
0.10%
0.08%
₿
0.0005
0
%
0.00%
0.00%
₿
0.0003
400
+
$
1
1800
+
$
1
Exchange Rating
.svg)
Functions
Company Details
Our Review
OKX stands out for its extensive range of services, competitive fee structure, and comprehensive security measures. It is particularly noted for its user-friendly platform, making it suitable for newcomers to the cryptocurrency space. Despite these strengths, the exchange has faced criticism for less responsive customer support and is not accessible to users in certain jurisdictions, including the US, due to regulatory concerns. The controversies regarding misrepresented trading volumes and the founder's temporary arrest have also impacted its reputation. Overall, while OKX is a feature-rich exchange that's well-regarded for its technical capabilities and range of offerings, potential users should weigh these benefits against the noted drawbacks and conduct thorough research before engaging with the platform.
About the author
Ethan is the go-to crypto guru at Exchange Flow, with nearly a decade steering traders through crypto exchange platforms worldwide, Ethan brings welcome clarity to the complex terrain of digital currencies. His hands-on approach to testing and analyzing exchanges worldwide makes his reviews and articles valuable information for readers and newcomers in the crypto world. Beyond his crypto expertise, Ethan is a retro gaming enthusiast and an explorer at heart, using his crypto gains to fuel adventures around the world. Dive into Ethan’s articles and reviews for a global perspective on cryptocurrency that’s as enlightening as it is engaging.
.svg)
