Okx review: Okex is a popular cryptocurrency exchange platform that allows users to trade digital assets with ease. The platform was launched in 2017 by its parent company, OKCoin, and has since grown to become one of the largest exchanges in the world. Okx offers a wide range of trading pairs, including major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as many altcoins.
One of the standout features of Okx is its robust security protocols. The platform uses advanced encryption technologies to protect user data and funds, and also offers two-factor authentication to add an extra layer of security. Okx also employs a team of security experts to monitor the platform and detect any potential threats.
Okx also offers a unique feature called “Perpetual Swaps,” which are essentially futures contracts that have no expiration date. These perpetual swaps allow traders to speculate on the future price of cryptocurrencies without having to worry about the contract expiring. Despite its many features and robust security, Okx has not been without its controversies. In 2020, the platform suspended withdrawals for several weeks due to a “keyholder” being held by Chinese authorities. This led to criticism from users who were unable to access their funds during this time.
| 📅 Year of Establishment | 2017 |
| 💱 Coins: | 330+ |
| 💰 Min deposit | From $10 |
| ⚖️ Leverage | Up to 100x for futures trading |
| 💹 Trading fees | From 0.05%. OKX charges a tiered fee structure based on a maker-taker model |
| 💳 P2P platform | ✅ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | OKX is headquartered in Hong Kong, with offices in several other countries. |
Overall Okx Review
Overall, Okex is a reputable cryptocurrency exchange platform that offers a wide range of trading pairs and other services to its users. While it has had its share of controversies, the platform's security measures and unique features make it a popular choice for many cryptocurrency traders.
Go to Okx.com website
Top Reviews
Best customer reviews of Okx
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
I particularly love the wide range of cryptocurrency trading pairs available on the exchange. This has allowed me to diversify my portfolio and invest in a variety of different assets. The exchange has a high level of liquidity, which means that I can buy and sell cryptocurrencies quickly and easily. I've never had to wait long for a transaction to go through, and the fees are very reasonable compared to other exchanges I've used in the past.
Belarus
I like their user-friendly app. It is well designed and allows me to trade on the go, which is important to me since I am often busy during the day. The app is reliable and has all the same features as the desktop platform, so I don't feel like I'm missing anything. OKX also has a great referral program that allowed me to earn extra money just by inviting my friends to the platform.
Ukraine
The fees can be a bit confusing, especially if you are new to cryptocurrency trading. While the fees are generally reasonable, I had a hard time calculating exactly how much I would charge for each trade. The verification process can take some time. While I understand that it is necessary for security reasons, it can be frustrating to wait a few days before I can trade.
China
Expert Review
Expert Review of Okx
OKX has implemented several measures to protect its users' funds, including two-factor authentication and SSL encryption. However, the exchange has had several security incidents in the past, including a hack in 2020 that resulted in the loss of more than $200 million worth of cryptocurrency. Although OKX was able to recover most of the funds and compensate affected users, the incident raises concerns about the exchange's security measures. OKX has also been criticized for its fee structure, which can be confusing to users. The exchange charges a variety of commissions, including trading fees, withdrawal fees and deposit fees. While the commissions are generally reasonable, it can be difficult for users to calculate exactly how much they will pay for each trade.
Financial expert and analyst at TradersHero.com
Risk Warning. Trading on OKX exchange involves a high level of risk due to the volatility of the cryptocurrency market, which can result in significant gains or losses in a short period of time. Additionally, the exchange's fees and trading rules can be complex, making it important for users to conduct thorough research and to only invest what they can afford to lose. Implementing proper risk management strategies, such as setting stop-loss orders, is also recommended to minimize potential losses.
Okx Ern
Investment Programs
OKX.com Copy Trading
OKX.com, a prominent cryptocurrency exchange, offers a unique copy trading service known as OKX Copy Trading. This service enables users to replicate the trading strategies and activities of successful traders on the platform. Here are some key details about OKX Copy Trading:
- Access to Top Traders: OKX Copy Trading provides users with access to a pool of experienced and successful traders. Users can browse through the profiles of these traders, view their trading performance history, and select the ones they want to copy.
- Automated Replication: Once users have chosen the traders they wish to copy, the OKX Copy Trading platform will automatically replicate the trades executed by those traders. This means that whenever the selected traders initiate a trade, the same trade will be executed in the user's account.
- Diversification of Strategies: OKX Copy Trading allows users to diversify their trading strategies by copying multiple traders simultaneously. This offers the opportunity to follow traders with different trading styles, risk appetites, and asset preferences, thereby spreading the risk and potentially enhancing returns.
- Real-Time Trade Updates: Users of OKX Copy Trading receive real-time updates and notifications about the trades executed by the traders they are copying. This enables users to stay informed about the trading activities and adjust their own strategies accordingly.
- Flexibility and Control: OKX Copy Trading provides users with the flexibility to manage their copied trades based on their preferences and risk tolerance. Users can adjust the allocation of funds, set stop-loss orders, or manually close copied trades if desired.
- Transparency and Performance Data: OKX Copy Trading emphasizes transparency by providing detailed performance data of the traders available for copying. Users can access historical trading records, success rates, and other relevant statistics to assess the performance and reliability of the traders.
- Learning Opportunities: OKX Copy Trading not only allows users to benefit from the trading expertise of successful traders but also provides a learning opportunity. By observing and analyzing the strategies and techniques employed by top traders, users can improve their own trading skills and gain insights into market trends.
- Risk Management Tools: OKX Copy Trading incorporates risk management tools to help users mitigate risks. Users can set parameters such as maximum trade size, stop-loss levels, and risk allocation ratios to control the exposure and protect their investments.
Copy trading is a social trading strategy that involves replicating the trades of other traders on a platform. This can be beneficial for novice or busy traders, but it also comes with risks. It's important to research the traders being copied and monitor trades closely.
Remember, copy trading involves risks, and past performance is not indicative of future results. It's essential to conduct thorough research, diversify your copied trades, and consider your own risk tolerance before engaging in copy trading activities on OKX.com (OKEx).
Please note that the steps provided here are for informational purposes only and may vary slightly based on the specific features and interface of the OKX.com platform. It's recommended to refer to the official OKX.com website or consult their support documentation for precise instructions on using their copy trading service.
Remember, copy trading involves risks, and past performance is not indicative of future results. It's essential to conduct thorough research, diversify your copied trades, and consider your own risk tolerance before engaging in copy trading activities on OKX.com (OKEx).
Please note that the steps provided here are for informational purposes only and may vary slightly based on the specific features and interface of the OKX.com platform. It's recommended to refer to the official OKX.com website or consult their support documentation for precise instructions on using their copy trading service.
By being aware of these tips and risks, you can approach copy trading on OKX.com (OKEx) with a more informed and cautious mindset, increasing your chances of successful outcomes while managing potential limitations and risks effectively.
It's important to note that each investment program provided by OKX exchange carries its own set of risks, which users should thoroughly examine and consider before making any investment decisions. Before investing any funds, users should do their own research and carefully assess the risks associated with each program to ensure that their investment aligns with their financial goals and risk tolerance.
OKX Ern
OKX Earn is a unique service offered by the OKX.com crypto exchange that allows users to earn passive income on their cryptocurrency holdings. With OKX Earn, users can put their idle funds to work and generate additional returns without actively trading. Here's an overview of how OKX Earn works and its key features:
- Earn on Idle Funds: OKX Earn enables users to earn interest on their idle cryptocurrency assets. Instead of letting your funds sit idle in your wallet, you can deposit them into OKX Earn and start earning passive income.
- Flexible and Fixed-Term Options: OKX Earn offers both flexible and fixed-term options for earning interest. With the flexible option, you can deposit and withdraw funds at any time, providing maximum liquidity. The fixed-term option locks in your funds for a specific period, typically offering higher interest rates.
- Wide Range of Supported Cryptocurrencies: OKX Earn supports a wide range of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and various altcoins. Users have the flexibility to choose the cryptocurrencies they want to deposit and earn interest on.
- Competitive Interest Rates: OKX strives to provide competitive interest rates to users, allowing them to maximize their earning potential. The interest rates may vary depending on the cryptocurrency and the chosen deposit option (flexible or fixed-term).
- Interest Calculation and Distribution: Interest is calculated based on the deposited amount and the applicable interest rate. The interest is typically calculated daily and distributed periodically to users' OKX Earn accounts.
- User-Friendly Interface: OKX Earn is designed with a user-friendly interface, making it easy for users to navigate and manage their earnings. The platform provides clear information about interest rates, terms, and earnings history.
- Secure and Reliable: OKX.com is a reputable and secure crypto exchange, ensuring the safety of user funds and information. The platform employs industry-standard security measures to protect user assets and transactions.
Remember to regularly monitor your OKX Earn account, review any changes in interest rates, and stay informed about platform updates or announcements. It's important to consider the risks involved and make informed decisions based on your risk tolerance and investment goals.
Please note that the steps provided above are a general guideline, and the exact process may vary slightly depending on the specific features and interface of the OKX.com (OKEx) platform. Always refer to the official platform documentation or reach out to their customer support for any specific instructions or clarifications.
Remember to conduct thorough research, assess your own risk tolerance, and make informed decisions when using OKX Earn or any similar service. Stay informed about market trends, platform updates, and the evolving cryptocurrency landscape to maximize your chances of successful participation.
Best Copy Trading Platforms
Conditions
Trading Conditions for Okx Users
OKX exchange offers traders a comprehensive range of trading conditions and investment opportunities. The exchange supports trading for over 400 cryptocurrencies, including popular coins such as Bitcoin, Ethereum, and Litecoin, as well as lesser-known coins.
Trading fees on OKX vary based on a tiered maker-taker model, with fees ranging from 0.05% to 0.15% depending on the user's trading volume. Additionally, OKX offers leverage of up to 10x for spot trading and up to 100x for futures trading.
In addition to traditional trading options, OKX provides a P2P platform for direct buying and selling of cryptocurrencies between users. The exchange also offers staking for a variety of cryptocurrencies, allowing users to earn rewards for holding their coins in OKX wallets. Moreover, the platform provides support for non-fungible tokens (NFTs), allowing users to trade and purchase unique digital assets. OKX also offers crypto loans, allowing users to borrow cryptocurrency against their assets.
| 📅 Year of Establishment | 2017 |
| 💱 Coins: | 330+ |
| 💰 Min deposit | From $10 |
| ⚖️ Leverage | Up to 10x |
| 💹 Trading fees | From 0.05%. OKX charges a tiered fee structure based on a maker-taker modele charges a tiered fee structure based on a maker-taker model |
| 💳 P2P platform | ✅ |
| 🔁 Copy Trading | ✅ |
| 📈 Directives | USDT perpetual, futures, options, leveraged tokens |
| 📊 DeFi Staking | ✅ |
| 🖼️ NFT | ❌ |
| 🏦 Crypto Loans | ✅ |
| 🔓 Demo account | ❌ |
| 🚀 Launchpad | ✅ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | 24/7 Support via chat and email |
| 👩💼 Support | Multilingual |
| 🗺️ Headquarters | OKX is headquartered in Hong Kong, with offices in several other countries. |
Risk Warning
Comparison
Comparison of Okx.com with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Okx Accounts, Commissions & Fees
OKX offers various account types and fees based on the user's trading volume and preferences. The exchange charges a tiered fee structure based on a maker-taker model, with fees ranging from 0.05% to 0.15% depending on the user's trading volume. Users can also choose to pay trading fees in OKB, the exchange's native cryptocurrency, at a discount of up to 30%.
OKX offers three account types: General, KYC1, and KYC2. The General account requires no identity verification and has no withdrawal limit. The KYC1 account requires identity verification, and users can withdraw up to 100 BTC per day. The KYC2 account requires more extensive identity verification, and users can withdraw up to 2,000 BTC per day.
OKX also offers a VIP program with additional benefits and services for high-volume traders. The VIP program has three tiers, with increasing benefits based on the user's trading volume and OKB holdings.
In addition to trading fees, OKX charges a variety of other fees for services such as deposits, withdrawals, and margin trading. Deposits and withdrawals are typically free, although users may be subject to network fees. Margin trading fees vary based on the user's trading volume and the duration of the margin loan.
It's important for users to carefully review the fees associated with their account and trading activities before using OKX. While the exchange offers a competitive fee structure, users should be aware of the costs and risks associated with trading cryptocurrencies before investing any funds.
Users can use OKB to pay for trading fees on the OKX exchange, with discounts of up to 30% available for those who choose to pay in OKB. OKB can also be used to participate in token sales on OKX's Launchpad platform, as well as to purchase crypto assets on OKB's P2P platform.
| Account type | Minimum deposit | Leverage | Transaction fee | Margin call / Stop out |
|---|---|---|---|---|
| General | From $1 | 1:10 | Maker: 0.05%, Taker: 0.1% | 100% / 80% |
| KYC1 | From $1 | 1:10 | Maker: 0.05%, Taker: 0.1% | 100% / 80% |
| KYC2 | From $1 | 1:10 | Maker: 0.05%, Taker: 0.1% | 100% / 80% |
Okx VIP Program Fees
Spot Trading
| Account type | Trading volume for 30 days (USD) | Maker Fee | Taker Fee |
|---|---|---|---|
| VIP 1 | ≥ 10 000 000 | 0,060 % | 0,080 % |
| VIP 2 | ≥ 20 000 000 | 0,050 % | 0,070 % |
| VIP 3 | ≥ 50 000 000 | 0,030 % | 0,060 % |
| VIP 4 | ≥ 100 000 000 | 0,020 % | 0,050 % |
| VIP 5 | ≥ 200 000 000 | 0,000 % | 0,040 % |
| VIP 6 | ≥ 500 000 000 | -0,002 % | 0,030 % |
| VIP 7 | ≥ 1 000 000 000 | -0,005 % | 0,025 % |
| VIP 8 | ≥ 10 000 000 000 | -0,005 % | 0,020 % |
For spot trading, OKB holders can receive up to a 30% discount on their trading fees. The discount rate varies based on the user's OKB holdings and trading volume. The more OKB a user holds and trades, the higher the discount they can receive on their trading fees.
Futures Trading
| Account type | Trading volume for 30 days (USD) | Maker Fee | Taker Fee |
|---|---|---|---|
| VIP 1 | ≥ 50 000 000 | 0,010 % | 0,030 % |
| VIP 2 | ≥ 100 000 000 | 0,008 % | 0,030 % |
| VIP 3 | ≥ 200 000 000 | 0,005 % | 0,030 % |
| VIP 4 | ≥ 600 000 000 | 0,002 % | 0,025 % |
| VIP 5 | ≥ 1 000 000 000 | 0,000 % | 0,025 % |
| VIP 6 | ≥ 1 500 000 000 | -0,010 % | 0,025 % |
| VIP 7 | ≥ 2 000 000 000 | -0,015 % | 0,025 % |
| VIP 8 | ≥ 20 000 000 000 | -0,015 % | 0,020 % |
For futures trading, OKB holders can receive up to a 10% discount on their trading fees. Again, the discount rate varies based on the user's OKB holdings and trading volume. The more OKB a user holds and trades, the higher the discount they can receive on their futures trading fees.
It's worth keeping in mind that while the table for OKX account types provides a helpful overview of fees and commissions, there may be other parameters not listed, such as variations in the availability of certain trading instruments and platform functionality. Furthermore, these parameters may vary depending on the user's location.
To ensure you have the most accurate and up-to-date information on your OKX account, it's recommended that you check the official OKX website regularly. This can help you make informed decisions about your trading activities and ensure that you are aware of any changes or updates to the platform's trading conditions.
Risk Warning
Final review
Detailed review of Okx
OKX is a cryptocurrency exchange established in 2017 that offers a variety of trading options for over 300 cryptocurrencies, including popular coins such as Bitcoin, Ethereum, and Litecoin. The exchange charges a tiered fee structure based on a maker-taker model, with fees ranging from 0.05% to 0.15% depending on the user's trading volume.
OKX also provides several other services for its users, including a P2P platform, staking services, non-fungible tokens (NFTs), and crypto loans. The exchange has a mobile app available for both iOS and Android, allowing traders to access their accounts on the go. OKX also offers customer support through multiple channels, including forums, chat, and email.
The platform offers three account types: General, KYC1, and KYC2. General accounts require no identity verification and have no withdrawal limit, while KYC1 and KYC2 accounts require varying levels of identity verification and have withdrawal limits of up to 100 BTC and 2,000 BTC per day, respectively. OKX also offers a VIP program with additional benefits and services for high-volume traders.
OKX also offers several advanced trading options, including USDT perpetuals, futures, options, and leveraged tokens. The exchange provides margin trading services, allowing traders to leverage their positions and potentially amplify their profits. However, margin trading also carries higher risks, and traders should carefully consider their risk tolerance and level of experience before engaging in margin trading.
In addition to traditional trading, OKX also offers several investment programs, including Earn, which provides users with various staking and lending options. The platform also provides a structured products program, offering users a range of customizable investment products.
Overall, OKX provides traders with a comprehensive range of trading and investment options, catering to both novice and experienced traders alike. The exchange's focus on security, customer support, and innovative trading options have made it a popular choice among cryptocurrency traders. However, it's important to note that investing in cryptocurrencies carries risks, and traders should carefully research and understand these risks before investing any funds.
Advantages:
Binance is the most popular cryptocurrency exchange in the world. Here are the benefits that make it special:
Okx.com Regulator
OKX has implemented various regulatory compliance measures to ensure that the platform operates in compliance with applicable laws and regulations.
In September 2020, OKX announced that it had obtained a license from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate a cryptocurrency exchange. The license was granted after OKX implemented a range of anti-money laundering (AML) and know-your-customer (KYC) procedures to ensure compliance with the FSRA's regulatory framework.
OKX has also implemented various other measures to comply with regulations in different jurisdictions, such as obtaining licenses in Malta, Turkey, and Japan. The exchange has stated that it takes regulatory compliance seriously and is committed to ensuring that it operates in compliance with all applicable laws and regulations.
However, it's important to note that regulations related to cryptocurrencies and exchanges can vary widely depending on the jurisdiction. Users should carefully research the regulatory environment in their own jurisdiction and ensure that they comply with all relevant laws and regulations when using OKX or any other cryptocurrency exchange.
Risk Warning
Promotions
Bonuses Paid by the Okx.com
Bonuses
OKX offers several bonus programs for its users, including:
Users should note that the terms and availability of these bonus programs may vary over time and may be subject to change at the discretion of OKX. It's important to carefully read and understand the terms and conditions of any bonus program before participating to ensure that you meet all eligibility criteria and understand any limitations or restrictions on the rewards offered.
Education
Review of the Okx Education Program
Educational tools:
OKX offers a range of educational tools for its users to help them develop their knowledge and skills in cryptocurrency trading and investment. The exchange's educational resources include:
Online Courses:
At the moment, OKX does not appear to offer any specific online courses for users. However, OKX does have an online learning platform called OKX Academy, which offers a range of educational resources for users, including courses, tutorials, and trading guides. Here are three examples of educational resources available on OKX Academy:
While OKX does not offer specific online courses, the resources available on OKX Academy can provide a solid foundation for users looking to learn more about cryptocurrency trading and investment. Additionally, users can also access webinars, workshops, and trading competitions hosted by OKX to further develop their skills and knowledge.
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Rating and Comments
Okx Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
Me parece interesante que OKX ofrezca tantas parejas de criptomonedas y la opción de swaps perpetuos sin fecha de vencimiento. Aunque los problemas de seguridad pasados son una preocupación. Seguire investigando antes de decidir usar esta plataforma.
My experience with OKEx has been frustrating to say the least. Their customer support is slow to respond and often unhelpful. I also find their platform to be glitchy and unreliable. I’ve had issues with trades not going through and missing out on opportunities because of it. I do not recommend OKEx as a trading platform.
They offer multiple layers of protection, including two-factor authentication and advanced encryption, which gives me peace of mind knowing that my funds are safe. In addition, their platform is easy to use and I appreciate the variety of trading pairs available. Overall, I highly recommend OKEx to any serious trader.
I’ve been using OKEx for a few months now and my experience has been average. Their trading fees are competitive and their platform is easy to navigate, but I haven’t been blown away by any of their features. I would say that they’re a solid choice for a trading platform, but nothing exceptional.
I appreciate the variety of trading options available on OKEx. They offer a wide range of cryptocurrencies and fiat currencies to trade, which allows me to diversify my portfolio. Additionally, their trading fees are reasonable and I appreciate the incentives they offer for using their platform. Overall, I recommend OKEx for anyone looking for a comprehensive trading platform.