Okex exchange is a cryptocurrency exchange that was created in 2017, it is a decentralized exchange that I have been using as my alternative to my trusted CEX Kraken, as its name suggests being a dex is decentralized and you can not pass a KYC if you dont want it, that is, you do not have to give your ID card or anything like that, has a very good performance has a long list of tokens, is one of the best exchanges to do trading, and to be a DEX has no bad commissions
Okex exchange
- Thread starter riberet19
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- #3
Yes, now it is called okx the exchange has grown a lot since its creation, now it has many tokens there and functionalities, also as I said above it does not need KYC which makes it very attractive.
What is their benefit of permit not verified users from pass exchange in their platform? And also I do not think it stills unlimited access lifetime so certain time they request for the verification from users.
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- #5
Right now they do not ask for identification, the benefit is that nobody has your data, there are many people who do not like to sell their data, the benefit is decentralization, many people prefer this type of exchange, the only thing that to sell cryptos to fiat you will need to pass a KYC because if you link your bank account you will have already passed a KYC, but if you use it to exchange tokens or use functionalities such as staking or yield farming among others you can do it without KYC
OKEx or OKX decentralized exchange (DEX), a marketplace for NFTs and decentralized applications (DApps). offers a hot wallet that supports more than 10 networks such as Bitcoin, Ethereum, BNB Chain, Solana, Polycon, Avalanche, Fantom etc. Although OKX also has its own blockchain called OKX Chain with native token OKB. Thus enabling the developers to launch project DApps. OKX can support multiple coin/token trading pairs as well as a variety of fiat money.
It's good that it doesn't require KYC. How about liquidity. My problem on Probit is it takes minutes for my trades to be filled unlike on Binance. I'll try to do forget password on my OKX account just in case I'll be able to retrieve it.
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- #8
Do you talk about trade in spot or futures? I use OKX for token exchange in Spot, it really takes very little time, about 10 seconds at most or so, by the way I have not used Probit.
This information is very useful. I did not know about this cryptocurrency exchange. I will surely give it a try. Thanks for sharing.
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- #13
I understand, it will be because there are not many merchants there, which results in lack of liquidity, then you should try OKX you may do well, also as we say it is still just as decentralized.
I'm glad you like OKX is definitely a good exchange and doesn't ask for KYC which for many of us is wonderful.
@LoukiaCharilaou Don't be grateful, we're here to help
Yeah. And I forgot, OKX has its own wallet too aside from exchanges? I just saw it while doing testnets. OKX wallet appear as one of the choices.I understand, it will be because there are not many merchants there, which results in lack of liquidity, then you should try OKX you may do well, also as we say it is still just as decentralized.
I'm glad you like OKX is definitely a good exchange and doesn't ask for KYC which for many of us is wonderful.
@LoukiaCharilaou Don't be grateful, we're here to help
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- #15
Yes, it has its own wallet, which makes the exchange even better, I think Okx will continue to grow, it is even a sponsor of the Manchester City football team which is a very good promotion for the exchange.
Okx allows you to use their exchange without kyc but this comes with conditions. Your account is limited to a certain amount that you can't exceed. So it's better to do kyc to lift the limit.I understand, it will be because there are not many merchants there, which results in lack of liquidity, then you should try OKX you may do well, also as we say it is still just as decentralized.
I'm glad you like OKX is definitely a good exchange and doesn't ask for KYC which for many of us is wonderful.
@LoukiaCharilaou Don't be grateful, we're here to help
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- #17
Well as long as you do not exceed those limits everything will be fine, if you want to exceed those limits for example you could also use Bitget or Kucoin which you can also use without KYC
