OceanEx Review


OceanEx is a cryptocurrency exchange that was introduced in 2018 at the beginning of the long bear market. The exchange is registered in the Cayman Islands, an autonomous British Overseas territory in the western Caribbean Sea.

The OceanEx exchange is an AI-powered trading platform within the VeChainThor Ecosystem, providing services to investors, traders, and liquidity providers. The team consists of members with working experience from Morgan Stanley, BNP Paribas, Deloitte, Samsung Research, CISCO, Baidu, and CreditEase.

Pros / Cons
  • Good UI
  • Multiple Deposit Options
  • Parth of VeChainThor ecosystem
  • Multiple Investment Options
  • Lack of Transparency of the Founders
  • Customization of the User Interface not possible
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OceanEx Features Review

MarketsCrypto, fiat
Supported countriesWorldwide
Deposit OptionsMultiple
Min. Deposit0.001 BTC
Max. Withdrawal LimitDepending on verification level
Trading fee0.05%
Supportlive chat
Mobile appiOS, Android

OceanEx Security Review

The account security of OceanEx is fairly high with the use of standard security options such as Google 2FA authenticator and the use of phone number that is used for withdrawal confirmations, password retrieval, and to confirm when security seconds are changed. Another security feature that is applied by OceanEX is that if you change any security options such as disable the Google Authenticator or change the account password you will be restricted to withdraw any assets for a period of 24 hours. 

Is OceanEx Regulated

OceanEx is not regulated by any major regulator as its registration in the Cayman Islands mitigates some of the requirements of regulators by allowing it to operate without interference for the moment. 

KYC on OceanEx



OceanEx has an extensive KYC process, which is optional but mandatory if you wish to take advantage of fiat currency deposits and withdrawal options and increase withdrawal limits. Having a KYC process is positive because it means OceanEx is committed to meeting AML (Anti-Money Laundering) and CFT (Combating the Financing of Terrorism) requirements. 

The following details and documents are required to complete the KYC/Identity verification procedure:

  • Nationality
  • First Name
  • Last Name
  • Gender
  • Date of Birth
  • Passport or ID Card
  • Passport Number
  • Passport Expiration Date
  • Country
  • City/Town
  • Address
  • Postal/Zip Code (Optional)
  • Proof of Residence Documents
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Deposits and Withdrawals 

OceanEx supports the deposit and withdrawal of more than 40 cryptocurrencies which puts it behind exchanges like Binance and Kucoin

The following cryptocurrencies can be deposited and withdrawn from OceanEx:

  • BTC
  • ETH
  • DASH
  • USDT
  • VET
  • EOS
  • LEND
  • IPX
  • HAI
  • DOT
  • BUSD
  • COMP
  • DCR
  • And more

Other methods that you can use to purchase cryptocurrencies include debit and credit cards, which are processed through third-party providers such as Banxa and Simplex. Banxa supports several deposit methods such as SEPA, PayID, BPAY, and others. Through the third-party services, there are transaction limits of 30$ to 30 000$ for Banxa and 50$ to 20 000$ with Simplex.

Trading Instruments

OceanEx is an exchange that offers both spot and leverage trading on multiple pairs. You can spot exchange cryptocurrencies paired against BTC, VET, and USDT. Futures trading is available for 14 cryptocurrencies against USDT with high leverage, both closed and cross margin is available in order to satisfy the different tastes of the many traders out there.

Futures trading crypto pairs and leverage:

  • BTC – 100x
  • ETH – 100x
  • EOS – 50x
  • XRP – 50x
  • DOT – 50x
  • DEFI – 50x
  • LINK – 50x
  • BCH – 50x
  • BSV – 20x
  • ETC – 20x
  • COMP – 50x
  • OKB – 20x
  • HT – 20x
  • BNB – 20x

Another Investment option available on OceanEx is the CryptoFarm where you can lock up various cryptocurrencies and get a return in a set period of time.


Order Types

As on any other similar exchange on OceanEx, you will find Limit, Market, and Stop-Limit orders for the spot version. On the futures trading part, you have Limit, Market, and Trigger order types for use in your trading activity.

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User Interface

There are two variants of the trading UI to OceanEx, which differ for spot and futures trading. These are fairly standardized user interfaces, which is to be expected as most trading platforms follow a similar logic to satisfy traders looking for something similar to Bitmex


OceanEx’s spot trading section is straightforward with a simple design that includes a chart, open orders on one side and the order book, past trades, and order register on the other. Unfortunately, you will be disappointed from a customization point of view, as the exchange does not offer the possibility to customize the user interface in any way.


The Futures UI is completely different from the Spot UI, the only similarity being in the color scheme. It takes on a much more professional look and is much better designed overall. The trading interface for the Futures part of OceanEx is similar to that of Bitmex as a whole. The reason for this could be that the exchange is looking to provide an alternative for former Bitmex traders, as it is very likely that people will look for something similar on the outside.

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OceanEx Fees

Trading fees at OceanEx are not the lowest you can find in the crypto exchange market. Fees can be reduced up to 90% if you choose to hold a certain portion of OceanEx – OCE token. 

Standard Trading Fees

  • Maker Fee: 0.1%
  • Taker Fee: 0.1%

Trading fee discount with the OCE token holdings:

  • >200 OCE – 20% Discount
  • >200 000 OCE – 35% Discount
  • >5 million OCE – 50% Discount
  • >20 million OCE – 70%
  • >50 million OCE – 90%

OceanEx Trading Volume’

OceanEx trading volume hovers around 100 million per day with the most volume coming from pairs like BTCUSDT, VETBTC, VETUSDT, ETHUSDT, VETETH, and ETHBTC plus there are few more cryptocurrency pairs that have over 1 million daily volume.

Affiliate Program

OceanEx offers a base 20% of the trading fees of users who have registered through your referral link. You can increase the reward to 50% if you have more OCE Tokens in your account. This is not the most rewarding program, especially compared to the referral programs of trading platforms like PrimeXBT where you have 4 levels. OceanEx’s referral program is quite a standard for the crypto industry as most exchanges offer a similar percentage.


This is one of the exchanges that provide several trading instruments and at the same time try to please everyone. Overall, the user experience is good and equivalent to similar cryptocurrency exchanges like Bitmax and ProBit. With several trading pairs, a good user interface, and a relatively high trading volume, OceanEx is suitable for traders with different needs. With the presence of additional instruments like CryptoFarm, OCE Club, and OceanEx Pay, OceanEx can be a very interesting crypto exchange.

OceanEx is a crypto exchange located in the Cayman Islands founded in 2018. An AI-powered trading platform withing the VeChainThor Ecosystem providing a high number of services.