What is Oceanex?
OceanEx is a centralized cryptocurrency exchange that commenced operations in November 2018. Registered in the Cayman Islands, the platform boasts a global presence, with teams situated in various locations including the USA, Luxembourg, Singapore, and China.
Liquidity
As of the last update on December 2, 2021, OceanEx reported a 24-hour trading volume of approximately USD 99.7 million, signifying substantial growth over the past two years. However, it still trails behind major exchanges, with Binance holding the top spot at USD 30 billion on the same day.
Restricted Jurisdictions
While OceanEx generally accommodates US investors, it is essential for traders to assess compliance with state laws or any restrictions. Unfortunately, residents of certain countries, including Libya, Iran, Myanmar, Sudan, and others, are restricted from trading on the platform.
Trading Fees
OceanEx imposes a flat trading fee of 0.10% for both takers and makers. This fee structure is notably below the industry average, which has historically hovered around 0.25%. The industry is experiencing a shift towards lower fees, with many exchanges adopting rates such as 0.10% or 0.15%.
Withdrawal Fees
Withdrawal fees on OceanEx are competitive, with a 0.0005 BTC charge for BTC withdrawals. This represents a 40% reduction compared to the industry average, typically around 0.0008 BTC per BTC withdrawal.
Deposit Methods
OceanEx supports not only cryptocurrency deposits but also fiat currency deposits, enhancing accessibility for users.
Security Measures
OceanEx emphasizes its commitment to security, utilizing "bank-level SSL secure technology" and advanced machine learning algorithms to actively detect and thwart potential attacks, safeguarding user assets and transactions.
What are the trading fees on Oceanex?
OceanEx imposes a flat trading fee of 0.10% for both takers and makers. This fee structure is notably below the industry average, which has historically hovered around 0.25%. The industry is experiencing a shift towards lower fees, with many exchanges adopting rates such as 0.10% or 0.15%.
Does Oceanex offer leverage trading?
OceanEx does not currently offer margin trading or leverage options.
