The final transaction fee will not exceed 12.5% of the option premium. Perpetual Perpetual Easily trade with up to 100x leverage. OKEx says withdrawal issues are ‘temporary,’ can’t disclose ‘the nature of an ongoing investigation’ Cryptocurrency News. Trading from crypto to crypto. OKex announced that they would make an official public announcement disclosing more details on the matter shortly. Basic Advanced. This, therefore, means that the users are free to make withdrawals without any form of restrictions on their accounts. Derivatives. Withdraw; Transfer; My Trading Fees; Start Demo Trading; Trade in Real Market; Buy/Sell; Market; Trade. Last week, OKEx CEO, Jay Hao, took questions from the platform’s users during an AMA on the exchange’s Telegram channel. Withdrawal Suspension Jolts Crypto Markets In an announcement made earlier today, cryptocurrency exchange OKEx stated that it had suspended all user crypto withdrawals as one of the holders of its private keys is “currently cooperating with a public security bureau”… This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. OKEx halted Bitcoin withdrawals on October 16 after its founder, Xu Mingxing was arrested by the police. Following the announcement, the price of Bitcoin on OKex dropped 3% to $11,208 before recovering slightly to $11,323 at the time of writing. Jay Hao: Apologetic to Users Over Withdrawal Suspension. The $1,000 Bitcoin price slide also caught out some unaware futures traders. Basic Advanced. The person in question is said to be Xu Mingxing, the founder of OKEx, who was reportedly taken away in police custody. Basic Advanced. This exchange’s withdrawal fees are … Contribute to soulmachine/okex-withdrawal-fee development by creating an account on GitHub. DEX Trading Testnet Decentralized exchange based on OKExChain. Instead it will be posted on the order book, allowing others to take the order. However, a typical minimum withdrawal fee on OKEX is around 0.004 BTC, which is ridiculously expensive (currently around $60) and is the reason I will probably never use OKEX again. OKEx's trading fees are 0.1% for Market Makers and 0.15% for Market Takers, which places the exchange among the most competitive exchanges. OKEx Withdrawal fees. For example, at the time of performing this analysis, BTC's withdrawal fees in OKEx are 0.0005, which is almost the cheapest withdrawal fee you will find for Bitcoin. Soon after his exchange recommenced withdrawals after a six week lock up, OKEx CEO Jay Hao revealed during a … Want to know more? Even though OKEx tried to handle the situation with the little information it could provide, with an investigation ongoing, users’ confidence was affected. OKEx freezes withdrawals indefinitely on Friday, October 16. Its BTC futures trade also has nearly $1.5B of volume daily, and is widely recognized as the gold standard for the industry. On the day of withdrawal suspension, the exchange announced cooperation with one manager and authorities as a part of the investigation. Author: Jimmy Aki. OKEx shut the doors for the asset withdrawals and now holds a number of entities responsible for managing the asset private keys. BTC withdrawal fee has been adjusted to 0.0004 BTC from 0.0005 BTC; ETH is adjusted to 0.003 ETH from 0.01 ETH; XRP is adjusted to 0.1 XRP from 0.15 XRP; BCH is adjusted to 0.0001 BCH from 0.001 BCH; USDT-ERC20 is adjusted to 0.88 USDT from 1 USDT. Perpetual Perpetual Easy to trade, max 100x leverage. It still remains whether or not the recently mentioned concerned party is the private key holder from the statement made in October. This trading platform charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. “Okex will put 20% of its total income from futures and perpetual swap transaction fees over the last seven weeks into an incentive fund that will be issued as a one-time payment to users based on their assets and transaction conditions.” OKEx has also gone ahead to assure its users that their funds are covered by a 100% reserve. Finally, regarding deposit fees , OKEx is a no-fiat exchange and does not charge anything for funding the account with cryptos as well. By News Bot On Oct 16, 2020 17. The trading pl Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans! To thank its loyal customers for their continued support and to apologise for the interruption of service, OKEx will be launching user loyalty reward campaigns in tandem with the reopening of withdrawals. The Trust Project is an international consortium of news … OKEx has always been maintaining 100% reserves, a practice it will continue to follow so that users can withdraw all their funds at any time if they wish. This sparked discussions in the Chinese … OKEx CEO Jay Hao said on Sina Weibo that the decision to temporarily suspend withdrawals was due to personal issues of the private key holder. In summary, OKEx has quite competitive fees, and thus is worth to be considered, specially when looking to invest in low market cap altcoins. BTC withdrawal fee has been adjusted to 0.0004 BTC from 0.0005 BTC; ETH is adjusted to 0.003 ETH from 0.01 ETH; XRP is adjusted to 0.1 XRP from 0.15 XRP; BCH is adjusted to 0.0001 BCH from 0.001 BCH; USDT-ERC20 is adjusted to 0.88 USDT from 1 USDT. 1. With OKEx resuming its withdrawal services, $3.48 billion worth of Bitcoin stuck on the exchange is now free to move. OKEx has resumed P2P trading in China, India and Vietnam. OKEx has released an official statement, stating that the exchange will resume withdrawals before Nov. 27, 2020 (HKT).. OKEx Reopens for Business “The problem has been resolved and the relevant personnel have returned to work,” the company said. OKEx, one of the world's largest cryptocurrency exchanges, unlocked the withdrawal functionality ahead of the scheduled time. For example, at the time of performing this analysis, BTC's withdrawal fees in OKEx are 0.0005, which is almost the cheapest withdrawal fee you will find for Bitcoin. Basic Advanced. Spot. Staking Account Merged into Funding Account, Reissue of Earn Revenue for The Maintenance of Mining Pool Services, Temporary Suspension for Futures & Options System Upgrade, January Bonus Distribution of BitTorrent (BTT), Ontology Gas (ONG), Algorand (ALGO), and Blockchain Exchange Alliance (BXA), Bitcoin SV (BSV) Genesis Upgrade: Deposit and Withdrawal Suspension, Adjustment of USDT-margined Futures & Perpetual Swap Tiered Maintenance Margin Ratio Schedule, Bitcoin Gold (BTG) Mainnet Upgrade: Deposit Suspension. Those fees, together with the large number of markets available in the exchange (currently about 200 cryptocurrencies) make this exchange very interesting for altcoin traders and investors. During the session, Hao reiterated that user assets were never at risk but extended apologies for the stress and inconvenience the uncertainty had caused. OKEx has lowered the withdrawal fees for BTC, ETH, XRP, BCH, and USDT-ERC20. The exchange says that an official is cooperating with a public security bureau. Get OKEx withdrawal fees of all currencies. It was this past Friday when one of the most well-known exchanges, OKEx, suspended withdrawals – followed by an announcement stating that one of the holders of the clients’ private keys was “cooperating with a public security bureau” in regards to an ongoing investigation. DEX Trading testnet Decentralized exchange based on OKExChain. Breaking: OKEx to resume cryptocurrency withdrawals on November 27 ... FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. Regarding OKEx's withdrawal fees, they are among the cheapest exchanges as well. Founded in 2014 in China, OKEx is also one of the top digital asset exchanges in the world by trading volume, serving over 20 million customers in over 100 countries. “OKEx is expected to open withdrawals at 8:00 (UTC) on November 26, 2020.” The suspension of services contributed to many exchange users panicking. This is not the first time Xu has been in trouble. Withdrawals Return on OKEx as Exchange Tries to Make Amends for Fund Freezes. P]eople can trade their BTC on OKEx despite the withdrawal suspension.” The Malta-based crypto exchange still remains the No. In a short blog post on Thursday, the exchange announced that it … Derivatives. Since its inception, OKEx has always insisted on maintaining 100% reserves, meaning that all user funds can be withdrawn without restriction after withdrawals are reopened. Cryptocurrency exchange behemoth OKEx has suspended crypto withdrawals for users. Withdraw; Transfer; My trading fees; Start demo trading; Trade in Real Market; Buy/Sell; Market ; Trade. Withdrawals could … Withdrawals on OKEx remain suspended. Back in October, when OKEx first announced the suspension of withdrawals, BTC dipped $300 in only 30 minutes. Margin Margin Increasing profit and risk by leverage. We will regularly adjust the withdrawal fees in accordance to the blockchain network to offer the best rates for users. Cryptocurrency exchange OKEx recorded a major bitcoin outflow just minutes after it lifted a five-week-long withdrawal suspension at 08:00 UTC Thursday. Meanwhile, OKEx is set to resume crypto withdrawals by 8 AM (UTC). Spot Spot. OKEx has lowered the withdrawal fees for BTC, ETH, XRP, BCH, and USDT-ERC20. OKEx is a Hong Kong based world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology. Basic Advanced. OKEx, one of the world's largest cryptocurrency exchanges, is ready to unlock a cryptocurrency withdrawal functionality on November 27. They would be able to do this immediately once withdrawals are reopened on the platform. Now, with services on the verge of being completely restored, OKEx is also in the process of launching user loyalty reward campaigns as a symbol of goodwill for the benefit of its customers. About 2,822 BTC was moved from OKEx … Finally, regarding deposit fees, OKEx is a no-fiat exchange and does not charge anything for funding the account with cryptos as well. Malta-based cryptocurrency exchange OKEx has reopened withdrawals five weeks after an abrupt suspension. Jay Hao, CEO of Malta-based cryptocurrency exchange OKEx, said his firm has taken steps to ensure the issue that caused a freeze of over five weeks in cryptocurrency withdrawals … Spot Spot. Basic Advanced. For users who have made deposits, held tokens or traded during the period in which withdrawals were closed, OKEx will put 20% of its total income from futures and perpetual swap transaction fees over the last seven weeks into an incentive fund that will be issued as a one-time payment to users based on their assets and transaction conditions. Users who have made deposits, held tokens or traded during the withdrawal suspension time period will receive 20% of OKEx’s total income from futures and perpetual swap transaction fees … Trade from crypto to crypto. Crypto exchange OKEx has announced the date to resume unlimited crypto withdrawals.According to the announcement, the company intends to launch a big campaign to apologize to clients for a long wait.. November 19, 2020 | AtoZ Markets – OKEx users can be happy as the Chinese company confirmed today, November 19, the resumption of withdrawals after being frozen for almost a month. Margin Margin Increase profit and risk with leverage. 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