In today's booming cryptocurrency market, OKEx, as a well-known exchange, has attracted much attention. People have always had doubts about whether it is formal and compliant. This article will explore the compliance of OKEx from multiple angles and reveal its true face.

As an important player in the cryptocurrency field, OKEx's compliance has attracted much attention. When judging whether an exchange is formal, the first thing to consider is its regulatory situation. Founded in 2014 and headquartered in Malta, OKEx is one of the world's leading digital asset trading platforms. As one of the friendliest cryptocurrency regulatory countries in Europe, Malta provides OKEx with a relatively sound regulatory environment. In addition, OKEx has also obtained recognition and licenses from multiple international regulators, such as MSB (US Money Services Business License), VDAS (Australian Money Services License), etc. These certificates provide legal protection for its global operations.

In addition to regulation, OKEx also performs well in security and risk control. As one of the core functions of an exchange, security is directly related to the security of user assets. OKEx has adopted a variety of security measures such as multi-signature and hot and cold wallet separation, which greatly reduces the risk of asset theft. In addition, OKEx has established a complete risk control system. Through real-time monitoring systems and risk assessment models, it can timely detect and respond to potential risks, thus safeguarding the interests of exchanges and users.

However, even with its outstanding performance in compliance and security, OKEx still finds it difficult to get rid of some negative rumors. In recent years, accusations that OKEx is suspected of market manipulation, insider trading and other issues have occurred from time to time. These negative news once affected the market's trust in OKEx. However, OKEx also actively responded and took action to strengthen internal compliance reviews and improve transparency in response to external doubts. In this era of information explosion, OKEx is also constantly adapting to regulatory changes and continuously improving its compliance level.

In general, as a leading digital asset trading platform, OKEx has performed well in compliance, security and risk control. Although it will encounter some negative rumors, OKEx has been working hard to improve its compliance level and enhance market trust. For investors, it is crucial to choose a compliant and secure exchange, and OKEx's efforts and performance in this regard have shown its future potential. I hope that OKEx can continue to maintain transparency and compliance and provide users with a safe and reliable trading environment.

Through a multi-dimensional analysis of OKEx, we found that its performance in compliance, security and other aspects is convincing. As an investor, when choosing an exchange, in addition to paying attention to its products and services, it is also important to pay attention to its compliance and security. As a continuously developing exchange, OKEx deserves our further attention and expectations. I hope that in the future OKEx will continue to move forward in compliance and transparency and bring users a better trading experience.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Before answering this question, the editor of Coin Circle will first give you a brief introduction to the company. OKEX is one of the world's famous international digital asset stations. It mainly provides spot and derivative trading services for digital assets such as Bitcoin, Litecoin, and Ethereum to global users. It is affiliated with OKEX Technology Company Limited. When OKEX was founded, it received a million-dollar angel investment from the startup workshop co-founded by the world's top investor Tim Draper. Mr. Tim Draper is also an investor in world-class companies such as Hotmail, Baidu, and Tesla. After understanding OKEX, let's get back to the point. Is OKEX a formal exchange? The editor of Coin Circle will talk about OKEX in response to this question.

 Is OKEX a formal exchange?

OKEX is abbreviated as OK, and it ranks among the top five exchanges in the world. It was founded in January 2014. The founder, Xu Mingxing, is also often taken in China and is known as the three major exchanges together with OK. But it has the worst reputation in the industry. The negative impact of contract unplugging and directional liquidation is estimated to be difficult to wash away in a lifetime.

There are two main ways for OKEx to harvest leeks: one is coin trading, and the other is contract trading.

The routine of coin-coin trading is usually to quickly raise the coin price in a short period of time to absorb funds, and then the exchange and the project party collude, lock a part of the buyers, and then go sideways for a period of time and then raise the coin again to attract a large number of leeks. When the buyers who don't know the truth rush in, OKEx and the dealers sell a large number of goods, and the purchased funds are basically locked, and the leeks begin to be harvested.

Contract trading is even worse. Due to the forced liquidation mechanism, the loss is more serious. Because OKEx can create false data through the background, the rise or fall of the contract is in its own hands, and OKEx can see every contract of the user clearly. OKEx is very clear about the user's liquidation line. When OKEx wants to harvest your contract, then every forced liquidation is generally just over the liquidation line and then rises or falls, which is so accurate that you can't accept it.

If you want to play contracts safely, fairly and securely, you can choose 58COIN, which does not plug in, does not downtime, does not deceive customers into charging funding fees and holding fees, does not flatten, does not change the database, does not change customer accounts, and maintains the minimum margin.

 How to buy Bitcoin on the mobile APP:

The steps for buying Bitcoin on the mobile APP are similar to those on the web page. However, due to the different functional arrangements between the web page and the mobile phone, the editor of the currency circle will introduce the detailed process of buying Bitcoin on the mobile APP to all investors:

1. Open the official website (), download OKX
APP, click "Register/Login" on the homepage, click "Register Now", enter the email address, click "Register", and then enter the six-digit verification code received in the email, which is valid for 10 minutes

2. Next, you need to verify your mobile phone number. Enter your mobile phone number, click "Verify Now", and then enter the mobile phone verification code. The verification code is valid for 10 minutes, and click "Next"

3. Make sure that the selected place of residence is consistent with the information shown on the certificate. In order to protect the security of your account, please set your account password according to the prompts. After the password is set, click "Next" to complete the account registration

4. After completing the registration and login, click the button in the upper left corner of the homepage, and click the top of the page on the jump page to enter the personal center, and go to the personal information and settings page. On the personal information page, click identity authentication and complete the authentication according to the prompts.
After passing Lv.1 certification, you can trade digital assets. You can also choose to proceed with Lv.2 advanced certification to obtain higher trading permissions.

Note:

If your mobile phone number cannot be used, you cannot receive the SMS verification code, and your account cannot be logged in, you can solve it in the following two ways:

1). Click [Didn’t receive the verification code?] during the login process, and apply for unbinding the mobile phone number according to the page prompts.

2). Use the email address bound to the account to send the front and back photos of your ID card (original), indicate the mobile phone number you need to unbind, to the official email address: service@OKX.com, and a staff member will follow up for you.

5. Open the OKX APP and obtain basic currencies such as USDT through the [Buy Coins] area or direct recharge. Click the Fund Transfer button on the transaction page, select the transfer currency USDT, enter the transfer amount, and transfer it to the trading account.

6. Click Transaction at the bottom of the homepage to enter the transaction page. Click the transaction pair at the top of the page, enter the currency you want to buy BTC in the search box, select coin, and click the corresponding coin pair
BTC/USDT. (If you are already on the current currency pair trading page, you can ignore this step)

7. After entering the currency pair trading page, on the buy interface, select the buy method, enter the buy price, quantity/amount, and click Buy BTC. The buy method is usually a limit order, and you can set an ideal price for purchase. When the order is successfully placed but not yet executed, you can see the order information and cancel the order at any time.

8. Click the All button at the bottom of the page to see your current and historical orders. The order can show the order time, currency pair, and transaction volume in detail.

Through the above introduction, I believe everyone knows whether OKEX is a formal exchange. In fact, whether an exchange is formal can also be seen through network security. It is very important for investors to understand whether the exchange has been attacked by hackers, and they must also be familiar with whether the exchange has a complete early warning or emergency plan if it is attacked by hackers, and whether the exchange will be responsible for compensating investors for losses if the investor's digital currency is stolen.