OKX Exchange - The Place for Everything DeFi
As we progress into a world dominated by DeFi, cryptocurrency exchanges are popping up all over the place, all offering their own, unique features and hoping to mainstream the concept by making it more easily accessible to new users. OKX is one of these platforms, and it brings a handful of useful new features that will benefit everyone from crypto boffins to first-time traders.
First going online back in 2017 under the name OKEx, the platform soon moved far beyond a simple crypto exchange, and is now well-known for its variety of DeFi options available such as staking, NFT marketplace, built-in MetaX wallet, and Bitcoin sign-up bonus.
In March 2022, OKX signed an official partnership with English Premier League champions Manchester City, cementing their spot as the most popular and trustworthy DeFi platform and crypto exchange.
What OKX Offers
Although OKX was at first just a simple crypto exchange, it has branched out over the years and now covers just about everything to do with DeFi. The platform offers a decentralized NFT marketplace where you can find some of the most popular NFT collectibles including CryptoPunks and Bored Ape Yacht Club. Users can also mint and sell their own NFTs through the marketplace using its simple on-site tools.
OKX is also a great place for finding new and trending Dapps. Simply click “Discover” at the top of the page to see the most popular and profitable Dapps and gaming tokens. To encourage new users to join, OKX is offering a free $10 worth of Bitcoin to all new users who purchase $100 of cryptocurrencies through them.
The Crypto Exchange
When it comes to trading, OKX offers direct conversions, margin trading, perpetual swaps, and also basic trading for those who are new to the trading game. Users can also earn money through the exchange in a variety of ways, including dual-investment options, staking, and low-risk savings pots.
Within the DeFi system, OKX also offers users loans - both fixed and flexible - in the form of a variety of cryptocurrencies, with competitive interest rates. The platform also released its own utility token known as OKB which can be used to settle payments on the platform or for staking.
Low Gas Fees
One of the driving forces that pushed OKX to the forefront of crypto exchanges today is its low prices. These depend on many factors such as the currencies being traded and the trading volume. Market makers pay slightly more than market takers, but not by much,
Deposits do not incur any fees, but withdrawals do, the amount of which is based on which currency you are withdrawing. Compared to centralized marketplaces, however, OKX can guarantee the lowest possible prices.
Starting as a simple crypto exchange, OKX has come a long way since its conception in 2017. It’s already one of the most popular exchanges around today, and with its many extra DeFi features, it’s not hard to see why.
With its NFT marketplace, loans, and even earning options available, OKX isn’t just an exchange, it’s the one place to fulfill all your DeFi needs.