Topic: OKEX vs Bitmex (Read 533 times)

I have been using Okex for a long time, and i can say Okex is the best exchange platform after Binance. Deposit, withdrawal it's realy fast and the fee very cheap.

I can't disagree with you. I agree that Binance can compete with the Bitmex, but in margin trading, the majority of people will pick Bitmex over Binance and Okex! Bitmex is not a new exchange, but it got hype recently only because of the margin trading! I am Binancian, but I am not liking their too much sub-features.

Nope, we cant say that Binance wont able to compete with Bitmex on near future yet it do always have the possibilities that it can tied up with Bitmex liquidity or volume.
We know the current standing of Binance in the market and it might able to dragged up its Margin trading together with its current platform.Who knows?
But if i were to choose between both then i would always go wit Bitmex but Okex is also a good choice too depending on users preference or likes.

I personally still prefer trading at Okex as this is the safest exchange at the moment and I am free to invest in any coin I like.

Maybe many people will suggest me a lot of other exchanges, but if you have joined Okex then you will not want to leave because sometimes they have many campaigns to give USDT to customers and support teams are always enthusiastic in all questions from investors

Guys, I switched from trading on Bitmex to Okex.
I know that most of you use bitmex as the only crypto exchange for margin trading, but I prefer Okex. To be honest I've been trading futures on Okex even before I got registered on Bitmex.

Advantages:
-there aren't overloads,
-there are more trading pairs,
-smaller fees (on Bitmex fees are incredible, especially on withdrawal and if you have small balance , withdrawal fee is getting major part of your deposit)
-on Okex you can withdraw funds immediately unlike bitmex (once a day)
-UI and number of chart analysis instruments on Okex is more attractive for me
-price tick is smaller on Okex 0.1$ vs 0.5$ for bitcoin. Sometimes I think that price on bitmex isn't moving.
- mobile application. I have access to trading terminal 24/7 with mobile app on Okex
- sms notifications when you margin maintenance is in the risk zone. It prevents liquidation, they take care about your risks.

I NEVER experienced freeze at the moment of fast movement. This is the most important thing. What is more I think that Bitmex is hunting on stop losses of huge whales, so Okex is a diversification for you and the way to avoid being a victim of liquidation wave (spikes are stronger on bitmex)

Disadvantages:
Regarding their product.
They have introduced perpetual swaps recently, product is a bit raw, because there aren't stop losses, but I had a talk with support and they promised to deliver this feature asap. So I think after adding stop losses they can compete with bitmex. Personally I don't care about it, because I use futures due to absence of  funding rate and I don't want to pay extra fee daily for borrowing assets.

If you have any questions about derivatives or Okex features, I am ready to help.

So what do you think?

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Both exchanges are good enough but to me, Okex is better than Bitmex. Though Bitmex has more liquidity than oKex and their all listed coins are high valued, that's why with a few coins Bitmex has huge trading volume! OKex seems better for new margin traders, experts will choose Bitmex over Binance and OKex. Binance is new in margin trades, now there will have a competition between Bitmex and Binance.

Both exchanges are good enough but to me, Okex is better than Bitmex. Though Bitmex has more liquidity than oKex and their all listed coins are high valued, that's why with a few coins Bitmex has huge trading volume! OKex seems better for new margin traders, experts will choose Bitmex over Binance and OKex. Binance is new in margin trades, now there will have a competition between Bitmex and Binance.

I don’t think either of these are bad but you still have to be careful with how you go and do your own research. I think there are so many Crypto Exchanges that we can really be 100% sure of which one we really intent to go with. I am always very careful because I know this is kind of stuff where chances are not to taken due to our own hard earn money on the line. So I always would be careful with how I approach all this.

Haven't try margin trading to be honest, I'm still consider myself as I newbie trader so I don't want to take that big risk. But as far as my experience with OKex, they are all good, trade several altcoins during early 2018 wherein we are still in the tail end of bull market and everything is seamless so my experience is good.

Yes, that is true. But have you ever tried margin trading there?
This comparison refers mostly to margin trading. Taking into account various altcoins and specific of basic exchange Okex is better, but what is your opinion on derivatives?

I have experience on both exchanges and frankly speaking Okex is more attractive for me. Bitmex is easier to understand for newbies, but if you want to use wide range of instruments, fixing in USDT and in different alts, then Okex is better. Needless to say you can open sub accounts to manage your clients, to withdraw funds quickly and other advantages