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OkExchange

OkExchange

OK Exchange

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OkExchange
Establishment Date2017
Minimum Deposit10,000 Tomans
HeadquartersIran
Trading Fees0% / From 0.1% in the spot market
Trading MarketsSpot market, perpetual market
Number of Cryptocurrencies700+ cryptocurrencies
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OkExchange: History and background

Ok Exchange began operations in 2017 and now possesses over 8 years of experience in the crypto market. Additionally, this exchange currently serves more than 1 million users.

One of Ok Exchange's strengths is its competitive fees and diverse services. Selling in the fast swap section is completely free (zero fees), identity verification is typically completed in under 10 minutes, and you can get started with as little as 10,000 Tomans.

Furthermore, Ok Exchange offers three different markets: a fast swap market for instant purchases, spot market for professional traders who wish to set their own prices, and a futures market with 150x leverage for those seeking higher profits (and, of course, higher risk). Alongside these, there is an option for passive income through staking with an average annual yield of 8.24%, where your assets remain unlocked and accessible at any moment.

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OkExchange credibility

Does OkExchanges have a history of fraud and hacking?

No, OkExchanges has no history of hacking. However, it must be noted that there are numerous complaints from users in cyberspace, primarily related to fees higher than advertised, strict withdrawal limits (a 20 million Toman daily cap for regular users), long delays in fund settlements, and a 72-hour restriction on cryptocurrency withdrawals after Toman deposits. 

Some users have even claimed that the exchange sometimes disables withdrawals for certain assets without prior notice, or that actual fees are higher than stated; however, these issues cannot be officially classified as fraud.

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OkExchange currencies

Okexchanges supports over 700 diverse cryptocurrencies, and you can trade all major and popular coins such as Bitcoin, Ethereum, Tether, Ripple, Solana, Dogecoin, Cardano, and hundreds of others on this exchange. 

جدیدترین ارزها
  • Zora
  • LayerZero
  • 0x
  • ZTX
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Fees at OkExchange cryptocurrency exchange

Ok Exchange provides several different methods for Toman deposits (card-to-card and identified/reference-based) and allows for the deposit and withdrawal of cryptocurrencies, all offered with competitive and transparent fees.

 

Ok Exchange Deposit and Withdrawal Terms

For Toman deposits, you have two methods at your disposal: card-to-card and identified deposit, both of which are completely free. Card-to-card deposit is much faster, with funds reaching your account within 5 to 30 minutes; however, the card must be in your own name and previously registered on the site. Identified deposits are processed via the Paya system and, depending on the time of the transfer, take between 1 to 2 cycles.

 

 

Ok Exchange Trading Fees

Ok Exchange's fees are highly competitive and vary depending on the market you choose. In the instant buy/sell (fast exchange) section, selling is completely free and you only pay a 0.3% fee for purchases. In the spot market, designed for professional traders, maker fees (when you place an order yourself) start from 0.1% and taker fees (when you execute an existing order) start from 0.11%.

 

 

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Features and facilities of OkExchange

Features and Services Specifications
  • Referral Program: By referring friends to OK Exchange, you receive up to 25% of their trading commissions, and you also earn up to 2,000 points as a reward once your referrals complete their identity verification.

  • Staking (Passive Income): The staking system at OK Exchange allows you to automatically earn interest by holding assets in your wallet. The average annual yield is 8-9%, and your balance remains unlocked.

  • Futures Market with 25x Leverage: It is possible to trade with up to 150x leverage in the futures market to increase your potential profit (as well as risk).

  • Daily Airdrops: A free airdrop code is published daily on our Telegram channel, which you can enter to receive rewards.

  • New User Bonuses: New users can receive up to 25 USDT in trading bonuses for the futures market and 75 USDT upon completing advanced identity verification.

  • Portfolio: You can precisely track your trading profit and loss by adding transactions to your personal portfolio.

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Limitations and issues of OkExchange

  • Trading is not possible without KYC verification.

  • Individuals under 18 years of age cannot register on the exchange.

  • After depositing Tomans, there might be a delay of up to 72 hours for withdrawing the equivalent amount in cryptocurrency.

  • Toman withdrawals are not processed on bank holidays due to bank closures.

  • After disabling or changing the two-factor authentication code, withdrawals are not permitted for 24 hours.

  • Depending on the user level, the daily withdrawal limit varies from 40 million to 6 billion Tomans.

  • Buying and selling NFTs is not possible on this exchange.

  • The futures market only supports Cross Margin, and Isolated Margin is not available.

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Download OkExchange mobile applications

 

What is the user experience like on the OK Exchange app?

The OK Exchange application has been designed for user convenience in both Android and iOS versions, offering the following features:

  • Design tailored to Iranian preferences with easy accessibility

  • Quick exchange, spot market, and leveraged market all within a single app

  • Instant buying and selling in 2.5 seconds for the latest and most popular cryptocurrencies

  • Secure, high-speed identity verification process without delays

  • Ability to hold over 700 cryptocurrencies in an internal wallet

  • Access to the support team via online chat, tickets, and phone calls

  • Capability to accurately track profit and loss by adding trades to a personal portfolio

  • Security review of devices connected to the user account

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Expert Review: Is OkExchange suitable for trading?

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Headquarters information for OkExchange

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Frequently Asked Questions

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Articles related to the exchange

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User reviews

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