Launched in 2017, OKEx is a rapidly growing cryptocurrency platform for trading digital assets. It supports a variety of financial services, including options, futures, perpetual swaps, and tokens. It’s one of the best Bitcoin options trading platforms for 2021, the choice of more than 20 million clients in over 200 countries. The platform specializes in BTC options trading, with a daily trading volume of $1.5 billion.
OKEx BTC Options
One of the things that differentiate this platform from the rest is that it offers a wide range of options contracts that can be settled in different currencies. If you want to try trading with other cryptocurrencies, OKEx is the place to go.
When it comes to Bitcoin options, OKEx works much like any other platform. There are basic put and call options with a settled strike price. Like other candidates for the best crypto options trading platform, OKEx conducts trades on a 24/7 basis.
OKEx options are settled in cash with strike prices that range from $5,000 to $50,000.
OKEx has multiple pricing models for regular and VIP traders. They’re all based on trading volume. Investors with trading volume below $50,000 are regular users, while traders whose volume surpasses $50,000 are VIPs.
Fees are charged according to a 12-tier system. Maker fees for regular users range from 0.015% to 0.02%, while taker fees range from 0.03% to 0.05%. VIPs pay substantially lower fees.
Client reviews identify OKEx as one of the best sites for trading Bitcoin options, mostly because of its user-friendly interface. It’s one of the easiest dashboards for trading, with lots of visualization charts and other helpful tools. It’s optimized for almost all devices and operating systems, but for an even better trading experience, you can install the OKEx app on your iOS or Android mobile device.
The app lets you buy or sell options anytime you like, and you can check strike prices in real-time. The app allows you to set alarms and notifications so you’ll know when prices change. You can even compare prices with other exchange platforms.
Security Measures and Customer Service
If you decide to trade Bitcoin options at OKEx, you will have access to great customer service agents anytime you need them. Customer service works 24/7, and you can contact agents via phone, email, social media, or Telegram.
You’ll also enjoy membership in a huge online community of traders. Once you have joined the group, you can ask questions, share tips, and learn about other traders’ strategies. The site has a rich FAQ page, dozens of useful articles, and plenty of tutorial guides for beginners. Video tutorials explain basic concepts about Bitcoin and options trading – they are especially valuable.
Our Bitcoin options exchanges review wouldn’t be complete without mentioning OKEx security. Like other platforms, OKEx has implemented rigorous security measures to protect assets and client information. It stashes assets in cold storage, transferring funds to its hot wallet only as necessary. The cold-storage approach means funds are inaccessible to hackers, which means you can count on fast, secure, protected transactions.
We find much to like about OKEx and little to criticize. The site is worth a look whether you are a beginner or an options-trading pro.