Okex is one of the biggest cryptocurrency exchanges with some of the best treading features but if you are looking for something better here is a list of best Okex alternatives.
Binance (The best Okex alternative)
Binance is one of the biggest crypto exchanges in the world with over $1 billion in trading volume. The exchange has built an order matching engine that can handle over 1.4 million transactions per second and according to the company, it is one of the fastest exchanges in the world.
Most of the crypto traders from all around the world trade using the binance application and right now traders from over 180 countries can use the application to trade-in.
Binance has its exchange token which can be used to trade in their crypto pairs. The exchange also has high liquidity which means traders don’t need to worry about liquidity issues while selling their cryptocurrencies.
Binance has a different trading fee for traders with different volumes which is calculated on a 30-day trading volume. The maker and taker fees start with 0.1% for traders with a trading volume below 50 BTC and can go as low as 0.02% to 0.04% for traders with a monthly volume of 150,000 BTC.
Check out these detailed charts before creating an account on Binance
Binance is one of the top crypto exchanges in the world with a good team that comprises IT, customer support, marketing, management and many more.
It is a good Okex alternative as it is very secure and has trading pairs that are exclusive to the binance exchange. This exchange has to be the in my list the top 5 Okex alternatives to trade your cryptocurrencies
My rating: 5 out of 5 stars
Also Read: The best Binance alternative exchanges
ByBit is a Singapore based cryptocurrency exchange that has billions in daily trading volume. Traders from all around the world choose due to its high liquidity and a trading platform which can handle over 100,000 transaction per second due to its highly technological advance order matching engine.
Traders using ByBit do not have to get worried about hackers trying to steal their cryptocurrency as the exchange stores most of its cryptocurrency in a cold wallet.
ByBit is a very good Okex alternative as it does not have much downtime and offers 100x leverage on perpetual Bitcoin contracts just like Okex.
The customer support department is one of the best when compared to all other Okex alternatives as it has a 24/7 multilingual support team that takes care of all the queries sent by its users.
The exchange has maker fees and taker fees which has a different fee structure for spot trading and derivative trading. Check out this list below to know the entire fee structure in ByBit exchange.
ByBit is a very secure exchange for traders who require high liquidity and a good Okex alternative exchange. The trading feature and derivative options make one of the best Okex alternatives
My rating: 4.8 out of 5 stars
Huobi is a fully regulated exchange and also one of the oldest exchanges in the list of Okex alternatives. The exchange was founded in 2013 and the only publicly listed cryptocurrency exchanges in the list.
The exchange has over $1 billion in trading volume which makes it an attractive option for cryptocurrency traders.
Leon Li founded Huobi with a small team and since then has grown leap and bounds to become one of the biggest cryptocurrency trading exchanges in terms of daily trade volume.
The exchange has some altcoins which are exclusive to its exchange making it a good alternative to Okex also and attractive to traders.
The exchange offers over the counter trade, fiat trading, spot trading, margin trading, and derivatives trading.
Just like all other exchanges in this list Huobi has different trading fees for traders with different trading volumes. The VIP traders with high monthly volumes have lower trading fees. Check out this list to know the entire list to know the trading fee on the basis of your monthly trading volume.
Huobi exchange is listed on the Hong Kong stock exchange which makes it legally compliant exchange. its is one of the best Okex alternatives exchanges in this list.
I have used the exchange and found it to be very reliable and when it comes to the legal issue the exchange complies with all the rules lied out by the government.
My rating: 5 out of 5 stars
Bitmex is one of the biggest cryptocurrency derivatives exchanges in the world. It also has spot and margin trading but it is known for its derivative trading features. The exchange has a high volume for future and options which trading highly liquid.
Bitmex is a good Okex alternative as it has 100x leverage on Bitcoin futures. The main reason why traders choose Bitmex is due to its daily trading volume of over $2.5 billion. The exchange keeps most of its funds in cold storage which makes a safe from hackers. Since its launch, Bitmex has not been hacked which makes it one of the best Okex alternatives.
The founding team of the exchange has built an exchange which has grown leap and bounds in the years. Traders prefer using Bitmex for cryptocurrency derivative trading due to its high liquidity for big trades.
Just like all the Okex alternatives mentioned in this article Bitmex has a different fee structure with different trade volumes. The list below would guide you to the trading fees on your volume.
I have been using Bitmex for my derivative trading and cryptocurrency exchange and it has not disappointed me so far. Bitmex is a good Okex alternative for derivative cryptocurrency trading and one of the biggest in terms and volume and user base. Bitmex needs to improve on its user experience and user interface which would get traders more engaged to its platform.
My rating: 4.5 out of 5 stars
Bisq is a decentralized cryptocurrency exchange which is totally decentralized and does not rely on the third party exchanges to process the payment. The exchange does not perform trading on its website but makes the user download software to start with buying and selling crypto.
If you are looking a cryptocurrency exchange that is fully decentralized then no other exchange would be as anonymous like Bisq.
Users don’t have to create do KYC to trade in Bisq exchange like Okex. Okex is open source and perfect for someone who needs to buy cryptocurrency with privacy.
The crypto exchange is decentralised and does not have any trading fees on transition buy buyers and sellers have to arbitrators and mining fees. I have given the detailed trading fees in the image below
Bisq exchange is for someone who is looking for a cryptocurrency exchange that would keep the transactions private and decentralized. Users don’t have put their KYC details to transfer bitcoin. It one of the best services for decentralized crypto trading. Okex does not provide a decentralized exchange.
My Rating: 4.8 out of 5 stars
I have listed 5 of the best crypto exchanges that offer trading features similar to Okex. Some of them on the list do not disappoint when it comes to features, technology, and customer service.