Ok-Exchange (also known as Ok-Ex) is a prominent cryptocurrency trading platform catering primarily to users in specific regions. It supports the fast exchange of numerous digital assets, including major cryptocurrencies like Bitcoin, Tether, and over 700 other tokens. A key feature is its zero-commission fee structure for instant exchanges, though standard market trades do incur fees. The platform supports multiple blockchain networks, such as BRC-20, BSC, and ERC-20, and requires identity verification for all trading activities.
History and Key Features of Ok-Exchange
Established in 2017, Ok-Exchange operates under a registered corporate entity and has grown to serve over a million users. It is recognized as a knowledge-based company and is a member of the FinTech Association. The platform is designed to be user-friendly while offering advanced trading tools.
Notable features of Ok-Exchange include:
- Support for over 700 cryptocurrencies.
- Low transaction fees.
- An advanced and professional trading interface.
- 24/7 online customer support.
- A fully-featured mobile application for both iOS and Android.
Overview of Ok-Exchange Specifications
Ok-Exchange provides a robust trading environment with a focus on security and user experience. Below is a summary of its core specifications.
| Specification Category | Details |
|---|---|
| Exchange Name | Ok-Exchange |
| Year Established | 2017 |
| Supported Currencies | Fiat currency, Cryptocurrency |
| Number of Cryptocurrencies | 700+ |
| Tether Market Fee | 0.3% for makers, 0.36% for takers |
| Fiat Market Fee | 0.3% for makers, 0.36% for takers |
| Minimum Trade Amount | Equivalent of 10,000 Tomans (for both buy and sell orders) |
| Dedicated Application | Web trader and mobile apps |
| Trading Without KYC | Not available; identity verification is mandatory |
| Supported Blockchain Nets | BRC-20, BSC, ERC-20 |
| Copy Trading | Not supported |
| Staking | Not supported |
| Security Measures | Two-factor authentication (2FA), cold wallets, offline data storage |
| User Tiers | 5 VIP levels |
| Services | Rewards program, referral system, instant exchange, professional market |
| Settlement Methods | Fiat, Cryptocurrency |
| Customer Support Channels | Phone, email, ticket system |
| Support Availability | 24/7 |
Advantages and Disadvantages of Ok-Exchange
Like any platform, Ok-Exchange has its strengths and weaknesses, which are important to consider before using its services.
Pros:
- Low trading fees starting from 0.1%.
- Mobile applications for both Android and iOS.
- Quick identity verification process.
Cons:
- Does not offer advanced trading tools like futures or margin trading.
- Identity verification is required for all transactions.
- Some users have reported a lack of clarity in the complete fee structure.
Understanding the Fee Structure on Ok-Exchange
Transaction costs are a critical factor for traders. Ok-Exchange employs a straightforward fee model, though some aspects could be more transparent.
| Fee Type | Details |
|---|---|
| Account Opening | Free |
| Account Maintenance | Free |
| Account Closure | Free |
| Maker Fee | 0.1% |
| Taker Fee | 0.11% |
| Withdrawal Fee | Variable, depending on network type and conditions |
Important Note: The instant exchange service does not charge a separate commission. Instead, the platform's profit is derived from the spread—the difference between the buying and selling price. Depositing funds is free for users, while withdrawal fees are calculated based on the selected blockchain network.
How to Create an Account on Ok-Exchange
To access all features of Ok-Exchange, including trading and earning opportunities, you must first register and verify your account.
Step 1: Visit the Official Website
Navigate to the official Ok-Exchange website. Click on the "Register" button to begin the process.
Step 2: Complete the Registration Form
You will need to provide either your email address or phone number and create a strong password. The password must include uppercase and lowercase letters, as well as special characters. Enter the verification code sent to your email or phone to proceed.
Step 3: Complete Identity Verification (KYC)
Trading is only permitted after full account verification. Completing KYC also makes you eligible for additional rewards and features.
The verification process involves:
- Logging into your Ok-Exchange dashboard.
- Clicking "Submit Information."
- Filling out a form with personal details, including full name, national ID number, date of birth, and mobile number.
- Entering an SMS verification code.
- Uploading a selfie while holding your ID card next to your face.
Account verification is typically processed on business days between 9:00 AM and 5:30 PM. Completing your basic profile information can earn you a 500-point reward.
Deposit and Withdrawal Methods
Ok-Exchange offers a variety of deposit and withdrawal options tailored to its user base.
| Transaction Type | Supported Methods |
|---|---|
| Deposit | Fiat currency, Cryptocurrency (BTC, ETH, etc.) |
| Withdrawal | Fiat currency, Cryptocurrency (XRP, BCH, etc.) |
To deposit a cryptocurrency like Tether, you must first select a supported network (e.g., TRC20 or BEP20) and copy the generated wallet address. This address is usually valid for 8 hours, so the transfer must be completed within that timeframe. 👉 Explore more strategies for secure fund management
Available Trading Options on Ok-Exchange
The platform supports spot trading for over 700 different cryptocurrencies. However, it does not currently support futures or margin trading.
A standout feature is the "Instant Exchange," which allows for fee-free conversion between fiat currency and crypto (and vice versa). The platform generates revenue from the market spread in this section.
For trading on the "Professional Market," you must first transfer your Tether balance from your "Main Wallet" to your "Market Wallet." Then, select your desired cryptocurrency (e.g., BTC), enter the amount, and click "Buy" to place your order.
Supported Cryptocurrencies for Trading
While the instant exchange supports over 700 assets, the professional trading market currently offers 48 trading pairs.
Major cryptocurrencies available for trading include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Ripple (XRP)
- Tron (TRX)
- Fantom (FTM)
- Aave (AAVE)
- Gala (GALA)
- Avalanche (AVAX)
- Litecoin (LTC)
Some of the newer tokens recently listed are:
- Param (PARAM)
- Ben The Dog (BENDOG)
- Ponke (PONKE)
- GameStop (GME)
Leveraged Trading on Ok-Exchange
Leverage allows traders to open positions larger than their actual capital, potentially amplifying profits (and losses). Despite its utility, Ok-Exchange does not support leveraged or futures trading, which may be a significant drawback for advanced traders seeking these tools.
Software and Mobile Applications
Ok-Exchange provides a web-based trading platform and dedicated mobile apps for iOS and Android. These platforms offer access to professional trading charts, technical analysis tools, real-time price tracking, and the instant exchange service.
Transferring Assets to External Wallets
Seasoned traders often prefer to store the majority of their assets in secure, personal hardware wallets. Transferring funds out of Ok-Exchange to a private wallet is a straightforward process.
To withdraw crypto:
- Navigate to the withdrawal section of your user dashboard.
- Select the cryptocurrency and the corresponding network.
- Enter the address of your external wallet.
- Confirm the transaction.
Security Measures on Ok-Exchange
Cryptocurrency exchanges are frequent targets for cyberattacks. Ok-Exchange has implemented several robust security protocols to protect user assets and data.
Key security features include:
- Cold Storage: The majority of user assets are stored in offline cold wallets.
- Advanced Encryption: State-of-the-art coding practices protect data.
- Offline Sensitive Data Storage: User photos and sensitive information are stored offline.
- Two-Factor Authentication (2FA): An essential layer of security for account access.
To enable 2FA, you need to install an authenticator app (like Google Authenticator) and scan the QR code provided in your account dashboard.
Is Ok-Exchange a Trustworthy Platform?
Based on available information, Ok-Exchange is considered a reputable platform within its operational region. Its long track record, serving over a million users, and its recognition as a knowledge-based company contribute to its credibility.
Factors supporting its legitimacy:
- Official Registration: Registered as a legal corporate entity.
- Knowledge-Based Certification: Certified by the relevant scientific and technological department.
- FinTech Membership: A member of the Iran FinTech Association.
- Operational History: Over 6 years of experience in the crypto market.
- Transparency: Provides official contact information and office addresses.
- No Major Fraud Reports: No significant public reports of fraudulent activity have been associated with the company.
However, users should always exercise caution, follow all recommended security practices, and never invest more than they can afford to lose.
Earning and Copy Trading Opportunities
Ok-Exchange does not offer copy trading, a feature where users can automatically mimic the trades of experienced investors.
Instead, the platform provides a "Earn Income" referral program. Users can generate a referral link from their dashboard and share it. They then earn commissions based on the trading activity of the users they refer.
Referral program benefits can include:
- Up to 25% commission from the first purchase of referred users.
- 1000 points after the first purchase by a referral.
- 2000 points if the referred user completes identity verification.
Some users report significant earnings through this affiliate program.
Using Trading Bots on Ok-Exchange
Ok-Exchange does not officially support or endorse the use of automated trading bots. However, the platform provides an API that grants access to its professional market, instant exchange, and wallet services. Technically skilled users may use this API to develop personal trading tools, but they do so at their own risk.
Important considerations:
- Using bots involves unique risks and requires technical expertise.
- The exchange bears no responsibility for losses incurred from bot use.
- Users must ensure the security and proper functionality of any automated systems they deploy.
Staking Services
Staking allows investors to earn rewards by participating in a proof-of-stake (PoS) blockchain network's operations, typically by "locking up" their assets. Ok-Exchange does not currently offer any staking services or yield-earning products to its users.
Additional Platform Features: Rewards Program
Ok-Exchange features a "Rewards City" program where users can complete various missions to earn points. These points can be redeemed for discounts, entry into prize draws, and physical gifts.
Points can be earned through activities like:
- Making purchases.
- Successfully referring new users.
- Completing identity verification.
- Advancing to higher VIP tiers.
Users can check the full list of missions and rewards in the dedicated section of the official website.
| Advanced Feature | Status on Ok-Exchange |
|---|---|
| Staking | Not Available |
| Yield Farming | Not Available |
| Social Trading | Not Available |
| Pool Participation | Not Available |
| Gift Cards | Not Available |
Official Offices and Contact Information
Although Ok-Exchange lists official offices in Tehran and Mashhad, precise addresses are not publicly provided for security reasons, and in-person visits are not possible.
| City | Contact Number |
|---|---|
| Tehran | 02191094117 |
| Mashhad | 05191001040 |
Customer Support Channels
Customer support is primarily handled through the Mashhad office. Support is available 24/7 via the ticket system on the website.
| Channel | Details |
|---|---|
| Phone | 05191001040 (Available from 8:30 AM to 4:30 PM, excluding holidays) |
| Ticket | Available 24/7 through the website |
| [email protected] |
Frequently Asked Questions
Is identity verification mandatory on Ok-Exchange?
Yes, completing the KYC (Know Your Customer) process is mandatory for all users who wish to trade on the platform. This is a standard security measure to prevent fraud and ensure regulatory compliance.
What are the main trading fees I should know about?
The main fees are for market orders: a 0.3% fee for makers (those who provide liquidity) and a 0.36% fee for takers (those who take liquidity). The instant exchange service has no commission but uses a spread. Withdrawal fees vary by network.
Can I use leverage or trade futures on Ok-Exchange?
No, Ok-Exchange currently only supports spot trading. It does not offer leveraged trading, margin trading, or futures contracts.
How can I increase my earnings on the platform?
Besides trading, you can participate in the referral program to earn commissions from the activity of users you bring to the platform. The platform does not offer staking or other passive income features.
Is my cryptocurrency safe on Ok-Exchange?
The platform employs industry-standard security measures like cold storage and 2FA. However, for maximum security, it is always recommended to withdraw large amounts to a private hardware wallet that you control.
Does Ok-Exchange have a mobile app?
Yes, Ok-Exchange offers dedicated mobile applications for both iOS and Android devices, providing full access to trading and account management features.