9/10 (Expert Score)
Company is rated as #4 in category Crypto exchanges

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. Okex 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 Okex 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. Okex also employs a team of security experts to monitor the platform and detect any potential threats.

Okex 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, Okex 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.

Awards:

award

“Best Cryptocurrency Exchange of the Year” at the ADVFN International Financial Awards 2021.

award
award

“Best Crypto Exchange” at the Markets Choice Awards Asia 2020.

award
award

“Crypto Exchange of the Year” at the Malta AI and Blockchain Summit Awards 2019.

award
πŸ“… Year of Establishment2017
πŸ’± Coins:330+
πŸ’° Min depositFrom $10
βš–οΈ LeverageUp to 100x for futures trading
πŸ’Ή Trading feesFrom 0.05%. OKX charges a tiered fee structure based on a maker-taker model
πŸ’³ P2P platformβœ…
πŸ“± Mobile appsiOS, Android
πŸ—ΊοΈ HeadquartersOKX is headquartered in Hong Kong, with offices in several other countries.
Advantages:
  • Wide Range of Cryptocurrencies: OKX.com offers a diverse selection of cryptocurrencies, allowing users to access a wide range of digital assets for trading and investment.
  • Liquidity: The platform has a large user base and high trading volumes, resulting in good liquidity across various markets. This can facilitate smooth trading and minimize slippage.
  • Advanced Trading Features: OKX.com provides advanced trading features such as futures trading, options trading, and margin trading. These features cater to both experienced traders and those looking for more sophisticated trading strategies.
  • Security Measures: OKX.com emphasizes the importance of security and implements robust measures to protect user funds. These include cold storage of assets, two-factor authentication (2FA), and regular security audits.
  • Staking and Passive Income Opportunities: OKX.com offers staking services, allowing users to earn passive income by holding certain cryptocurrencies. This feature enables users to participate in blockchain networks and potentially earn rewards for their holdings.
  • Institutional-Grade Trading Services: OKX.com caters to institutional traders and provides features such as Over-the-Counter (OTC) trading and access to a large network of liquidity providers. This appeals to professional traders seeking advanced trading solutions.
  • Global Presence: OKX.com has a global presence and offers support for multiple languages, making it accessible to users from different parts of the world. The platform also provides localized customer support for a seamless user experience.
Disadvantages:
  • Regulatory Uncertainty: The cryptocurrency industry is subject to evolving regulations, and OKX.com operates in a constantly changing regulatory landscape. Uncertainty regarding legal and regulatory requirements can pose risks to users and the platform itself.
  • Complexity for Novice Users: The advanced trading features and extensive range of cryptocurrencies on OKX.com may be overwhelming for novice users. Beginners may require time and effort to understand and navigate the platform effectively.
  • Limited Fiat Support: OKX.com has limited support for fiat currencies, which means users may need to go through additional steps to convert fiat currency into cryptocurrencies before trading on the platform.
  • Market Volatility Risks: Cryptocurrency markets are known for their volatility, and this volatility can impact the value of assets held on OKX.com. Users should be prepared for price fluctuations and potential losses in their investments.
  • Platform Reliability: As with any online trading platform, OKX.com is susceptible to technical issues, system maintenance, or potential outages. Users should be aware of the platform's reliability and take necessary precautions to secure their assets.
  • Potential Liquidity Constraints: While OKX.com generally offers good liquidity, there may be instances where certain markets or cryptocurrencies have lower liquidity. This could affect users' ability to execute trades or withdraw funds efficiently.
  • Risk of Hacking or Security Breaches: Despite security measures, no platform is entirely immune to hacking or security breaches. Users should remain vigilant and take necessary steps to secure their accounts and digital assets.

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.

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Geographic Distribution

Geography of clients (traders) of Okx

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.

Nicholas Gray
Alexandr Borov
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.

Dylan Wright
Vasili Kraus
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.

Jan Lehmann
Jan Lehmann
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.

Roman_Mukhin
Roman Mukhin
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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.

how to use COPY TRADING
OKX.com (OKEx) provides a user-friendly interface for utilizing their copy trading service. Here's a step-by-step guide to getting started with OKX Copy Trading:
Account Setup
Visit the OKX.com website and create an account by completing the registration process. Provide the required information and complete any verification steps necessary to activate your account.
Navigate to Copy Trading
Log in to your OKX.com account and navigate to the copy trading section of the platform. Look for the relevant tab or menu option that provides access to the copy trading features.
Explore Traders
Browse through the list of available traders participating in OKX Copy Trading. These traders will be listed with their performance statistics and trading history. Evaluate their past performance, risk levels, and preferred assets to find suitable traders to copy.
Select Traders to Copy
Choose one or more traders you wish to copy. Click on their profiles to access more detailed information about their trading strategies, success rates, and risk management techniques. Consider diversifying your selection by choosing traders with different trading styles and risk preferences.
Allocate Funds
Determine the amount of funds you want to allocate for copy trading. Set a specific portion of your total investment capital that you are comfortable allocating to the copied trades.
Adjust Risk Settings
Review the risk management tools provided by OKX.com's copy trading service. Set parameters such as maximum trade size, stop-loss levels, and risk allocation ratios based on your risk tolerance and investment goals. These settings will help control the exposure and protect your investments.
Start Copying
Once you have selected the traders to copy, allocated funds, and adjusted the risk settings, initiate the copy trading process. Confirm your selections and activate the copying function. The platform will start replicating the trades of the chosen traders in your own account.
Monitor and Manage
Keep track of the copied trades and monitor the performance of the traders you are copying. Stay updated with real-time trade notifications provided by the platform. Regularly review the performance of the traders and adjust your portfolio if needed.
Evaluate and Adjust
Periodically assess the performance of the traders you are copying. If certain traders consistently underperform or their strategies no longer align with your goals, consider replacing them with other traders. Continuously evaluate and adjust your copy trading portfolio to optimize your results.
Stay Informed
Stay informed about market trends, news, and events that can impact the performance of the copied trades. Keep yourself updated with the latest information to make informed decisions regarding your copy trading activities.
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.

Tips for Successful Social Trading on OKX.com
  • Research and Due Diligence: Conduct thorough research on the traders available for copy trading on OKX. Analyze their performance history, risk management strategies, and trading style. Look for consistency and long-term profitability.
  • Diversify Your Portfolio: Copy multiple traders with different trading styles, risk appetites, and asset preferences. Diversification can help mitigate risk and improve the chances of overall success.
  • Monitor Performance: Regularly monitor the performance of the traders you are copying. Stay updated on their trading activities, success rates, and changes in their strategies. This allows you to make informed decisions and adjust your copy trading portfolio accordingly.
  • Risk Management: Set appropriate risk management tools provided by OKX. Utilize features such as stop-loss orders and risk allocation ratios to protect your investments. Define your risk tolerance and adjust the settings accordingly.
  • Stay Informed: Stay informed about market trends, news, and events that can impact the performance of the copied trades. Keep an eye on economic indicators, regulatory changes, and other factors affecting the cryptocurrency market.
  • Continuous Evaluation: Regularly evaluate the performance of the traders you are copying. If a trader consistently underperforms or their strategies no longer align with your goals, consider replacing them with other traders who better suit your investment objectives.
  • Keep Realistic Expectations: Understand that copy trading does not guarantee profits and involves risks. Maintain realistic expectations and avoid excessive reliance on any single trader. Be prepared for market fluctuations and potential losses.
  • Stay Active: Although copy trading automates trade replication, it's important to stay actively involved in managing your portfolio. Regularly review your copy trading activities, adjust settings, and stay engaged with the market.
Risks and Limitations of Social Trading on OKX
  • Market Volatility: Cryptocurrency markets are highly volatile, and copy trading is subject to market risks. Fluctuations in prices can impact the performance of copied trades and result in financial losses.
  • Dependency on Traders: Copy trading involves relying on the expertise and decisions of the traders you are copying. The success of your portfolio is influenced by their trading strategies, which may not always perform as expected.
  • Risk of Trader Mistakes: Even successful traders can make mistakes. Copying their trades means inheriting their potential errors, which could lead to losses. It's important to understand that no trader is infallible.
  • Limited Control: Copy trading reduces your control over individual trade decisions. You are dependent on the actions of the traders you copy, which may not align with your preferred timing or risk tolerance.
  • Platform Risks: Like any online trading platform, OKX.com has inherent risks related to system failures, technical issues, or cyber threats. Ensure you use a reputable platform and follow best practices for security.
  • Past Performance Disclaimer: Past performance of traders does not guarantee future results. Historical success rates and profitability are not indicative of ongoing performance.
  • Overreliance on Copy Trading: It's essential to maintain a balanced approach to investing. Overreliance on copy trading without understanding the underlying principles and doing your own research may limit your long-term growth potential.
  • Regulatory Changes: Regulatory changes in the cryptocurrency industry may impact the copy trading landscape. Stay informed about any regulatory developments and their potential effects on copy trading activities.

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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.
  7. 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.
how to use okx ERN
Using OKX Earn: Step-by-Step Guide
Account Setup
Visit the official OKX.com (OKEx) website and create an account. Complete the registration process by providing the necessary information and verifying your identity, if required.
Navigate to OKX Earn
Once you have successfully logged in to your OKX.com account, navigate to the OKX Earn section. You can usually find it in the main menu or sidebar of the platform.
Select Cryptocurrency
Choose the cryptocurrency you want to earn interest on from the available options. OKX Earn supports a variety of cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and others. Click on the desired cryptocurrency to proceed.
Choose Deposit Type
OKX Earn offers flexible and fixed-term deposit options. Decide whether you prefer the flexible option, which allows you to deposit and withdraw funds at any time, or the fixed-term option, which locks in your funds for a specific period.
Enter Deposit Amount
Enter the amount of the chosen cryptocurrency that you wish to deposit. The platform usually provides minimum and maximum deposit limits, so ensure your deposit falls within the specified range.
Review Interest Rates
Review the interest rates associated with your selected deposit type and cryptocurrency. OKX Earn provides details about the current interest rates, which may vary based on market conditions and the deposit option chosen.
Confirm Deposit
Double-check all the details, including the cryptocurrency, deposit type, and amount. Once you are satisfied, confirm the deposit. Follow any additional instructions provided by the platform, such as generating a deposit address or completing a transaction.
Track Earnings
After the deposit is confirmed, you can track your earnings in the OKX Earn section of your account. The platform typically provides a clear overview of your deposited funds, interest earned, and any relevant transaction history.
Withdraw Earnings
If you opted for the flexible deposit option, you can withdraw your earnings and funds at any time. Navigate to the withdrawal section of OKX.com and follow the instructions to withdraw your earnings back to your chosen cryptocurrency wallet.

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.

Tips for Successful OKX Earn:
  • Research and Select Stable Cryptocurrencies: Before depositing funds into OKX Earn, conduct thorough research on the cryptocurrencies available and their stability. Choose cryptocurrencies with strong fundamentals and long-term growth potential.
  • Diversify Your Deposits: Spread your deposits across different cryptocurrencies to diversify your risk. This can help mitigate the impact of any potential volatility or market downturns on a specific cryptocurrency.
  • Stay Updated on Interest Rates: Monitor the interest rates offered by OKX Earn regularly. Interest rates can fluctuate based on market conditions and platform policies. Stay informed to take advantage of favorable rates.
  • Consider Locking Funds for Higher Returns: Evaluate the fixed-term deposit options. While flexible deposits offer liquidity, fixed-term deposits often provide higher interest rates. Assess your financial goals and risk tolerance before opting for fixed-term deposits.
  • Monitor Market Conditions: Keep an eye on the cryptocurrency market trends and news. Market conditions can impact the value of your deposited assets. Stay informed about major developments and adjust your strategy accordingly.
  • Review Platform Security Measures: Ensure OKX.com has robust security measures in place, such as two-factor authentication (2FA), cold storage for funds, and regular security audits. Protect your account and funds by implementing recommended security practices.
  • Regularly Withdraw Profits: Consider withdrawing profits regularly to secure your earnings. This helps you maintain control over your funds and reduce the exposure to potential risks associated with leaving a substantial amount of funds on the platform.
Risks and Limitations of OKX Earn:
  • Cryptocurrency Market Volatility: Cryptocurrency markets are known for their volatility. The value of your deposited assets can fluctuate significantly, affecting the overall returns from OKX Earn. Be prepared for potential losses during market downturns.
  • Liquidity Constraints: Depending on the deposit type and specific cryptocurrency, there may be withdrawal limitations or lock-in periods. Understand the liquidity terms and conditions associated with OKX Earn before making deposits.
  • Counterparty Risk: OKX Earn involves depositing funds with OKX.com. As with any custodial service, there is a level of counterparty risk involved. Consider the platform's reputation, security measures, and track record to assess this risk.
  • Platform Risks: OKX.com is an online platform, and like any online service, it carries platform-related risks. These can include system failures, technical issues, cyber attacks, or even regulatory changes. Stay informed and be aware of potential platform risks.
  • Market and Regulatory Changes: Changes in market conditions or regulatory frameworks can impact the operation and profitability of OKX Earn. Stay updated with industry news and regulatory developments to understand the potential risks and adapt your strategy accordingly.
  • Individual Risk Tolerance: Each individual has a different risk tolerance level. Assess your own risk appetite and financial situation before participating in OKX Earn. Only deposit funds you can afford to lose and consider seeking professional advice if needed.

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.

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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.

πŸ“… Year of Establishment2017
πŸ’± Coins:330+
πŸ’° Min depositFrom $10
βš–οΈ LeverageUp to 10x
πŸ’Ή Trading feesFrom 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
πŸ’³ P2P platformβœ…
πŸ” Copy Tradingβœ…
πŸ“ˆ DirectivesUSDT perpetual, futures, options, leveraged tokens
πŸ“Š DeFi Stakingβœ…
πŸ–ΌοΈ NFT❌
🏦 Crypto Loansβœ…
πŸ”“ Demo account❌
πŸš€ Launchpadβœ…
πŸ“± Mobile appsiOS, Android
πŸ“ž Customer Service24/7 Support via chat and email
πŸ‘©β€πŸ’Ό SupportMultilingual
πŸ—ΊοΈ HeadquartersOKX is headquartered in Hong Kong, with offices in several other countries.

Risk Warning

Comparison

Comparison of Okx.com with other Crypto Exchanges

Coins
Trading fees
iOS, Android
Directives
Leverage
Staking
COPY TRADING
P2P platform
Coins
350+
Trading fees
Maker fee from -0.05%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
385+
Trading fees
From 0%
iOS, Android
Directives
Leverage
1:125
Staking
COPY TRADING
P2P platform
Coins
360+
Trading fees
From 0%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
815+
Trading fees
From 0%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
490+
Trading fees
From 0.0015%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform
Coins
400+
Trading fees
From -0.01%
iOS, Android
Directives
Leverage
1:100
Staking
COPY TRADING
P2P platform

Crypto Exchanges comparison table of trading instruments

OKX
VS
Bybit
VS
Kucoin
Spot
VS
VS
Margin Trading
VS
VS
Futures
VS
VS
Options
VS
VS
NFT
VS
VS
DeFi Staking
VS
VS
Crypto Loans
VS
VS
Launchpad
VS
VS

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 typeMinimum depositLeverageTransaction feeMargin call / Stop out
GeneralFrom $11:10Maker: 0.05%, Taker: 0.1%100% / 80%
KYC1From $11:10Maker: 0.05%, Taker: 0.1%100% / 80%
KYC2From $11:10Maker: 0.05%, Taker: 0.1%100% / 80%

Okx VIP Program Fees

Spot Trading

Account typeTrading volume
for 30 days (USD)
Maker FeeTaker Fee
VIP 1β‰₯ 10 000 0000,060 %0,080 %
VIP 2β‰₯ 20 000 0000,050 %0,070 %
VIP 3β‰₯ 50 000 0000,030 %0,060 %
VIP 4β‰₯ 100 000 0000,020 %0,050 %
VIP 5β‰₯ 200 000 0000,000 %0,040 %
VIP 6β‰₯ 500 000 000-0,002 %0,030 %
VIP 7β‰₯ 1 000 000 000-0,005 %0,025 %
VIP 8β‰₯ 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 typeTrading volume
for 30 days (USD)
Maker FeeTaker Fee
VIP 1β‰₯ 50 000 0000,010 %0,030 %
VIP 2β‰₯ 100 000 0000,008 %0,030 %
VIP 3β‰₯ 200 000 0000,005 %0,030 %
VIP 4β‰₯ 600 000 0000,002 %0,025 %
VIP 5β‰₯ 1 000 000 0000,000 %0,025 %
VIP 6β‰₯ 1 500 000 000-0,010 %0,025 %
VIP 7β‰₯ 2 000 000 000-0,015 %0,025 %
VIP 8β‰₯ 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.

Note
OKX has its own native cryptocurrency called OKB, which serves as the utility token for the OKX ecosystem. Users who hold and use OKB can access various benefits and services, including discounts on trading fees, access to VIP services and benefits, and the ability to vote on important decisions within the OKX ecosystem. OKB can also be used to pay for trading fees on the OKX exchange, with discounts of up to 30% available for those who choose to pay in OKB. Additionally, OKB can be used to participate in token sales on OKX's Launchpad platform and to purchase crypto assets on OKX's P2P platform.

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:

Comprehensive range of trading options: OKX offers a comprehensive range of trading options for over 300 cryptocurrencies, including popular coins such as Bitcoin, Ethereum, and Litecoin. The exchange provides traditional spot trading as well as advanced trading options such as futures, options, and leveraged tokens.
Multiple investment programs: OKX offers several investment programs, including Earn, which provides users with various staking and lending options, and Structured Products, which offers users a range of customizable investment products.
Low trading fees: OKX 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. The exchange also offers discounts of up to 30% for users who pay trading fees in OKB.
Mobile app and customer support: OKX provides a mobile app available for both iOS and Android, allowing traders to access their accounts on the go. The exchange also offers customer support through multiple channels, including forums, chat, and email, providing prompt and efficient assistance to users who require it.
Secure and reliable: OKX places a strong emphasis on security and reliability. The exchange uses advanced security measures such as multi-factor authentication and cold storage to protect users' funds.
OKB utility token: OKX has its own native cryptocurrency called OKB, which serves as the utility token for the OKX ecosystem. Users who hold and use OKB can access various benefits and services, including discounts on trading fees and access to VIP services and benefits.

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:

Referral program: OKX's referral program allows users to earn commission by referring new users to the platform. Users who refer new traders can earn up to 30% of the referred user's trading fees.
OKB bonus program: OKX offers a bonus program for users who hold OKB, the platform's native cryptocurrency. Users who hold a certain amount of OKB for a specified period can earn bonus rewards such as fee discounts, staking rewards, and access to exclusive services.
Trading competitions: OKX regularly holds trading competitions that offer users the opportunity to earn additional rewards based on their trading volume or performance. These competitions typically offer prizes in the form of cryptocurrency or other valuable rewards.
Airdrops: OKX occasionally offers airdrops of new cryptocurrencies or tokens to users who meet certain criteria, such as holding a certain amount of a particular cryptocurrency or completing certain trading activities on the platform.

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:

OKX Academy: OKX Academy is an online learning platform that offers a range of educational courses and resources for users. The courses cover a variety of topics, including cryptocurrency trading strategies, technical analysis, and risk management.
Webinars and workshops: OKX regularly hosts webinars and workshops featuring expert speakers who share their insights and knowledge on various topics related to cryptocurrency trading and investment. Users can attend these events live or access recorded versions at their convenience.
Trading guides and tutorials: OKX provides a range of trading guides and tutorials to help users understand the platform's various trading options and features. These resources cover topics such as spot trading, futures trading, and margin trading.
Trading competitions: OKX's trading competitions not only offer bonus rewards to participants but also serve as a learning opportunity for users to hone their trading skills and test their strategies in a competitive environment.


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:

“Introduction to Crypto Trading”: This course provides a basic introduction to cryptocurrency trading, covering topics such as how to buy and sell cryptocurrencies, reading price charts, and managing risk.
“Futures Trading Guide”: This trading guide provides an overview of futures trading on the OKX platform, including how to place orders, manage positions, and use leverage to amplify potential profits.
“Crypto Investment Strategies”: This course explores various investment strategies for cryptocurrencies, including long-term holding, dollar-cost averaging, and using technical analysis to make trading decisions.

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

8.7 Total Score
19 reviews
Rating Overview

Based on all reviews

9Expert Score
Investment instruments
9.3
Deposits and withdrawals
8.8
Customer service
8.7
Trading platform
9.2
8.4User's score
Investment instruments
8.5
Deposits and withdrawals
8.1
Customer service
8.3
Trading platform
8.9
Add your review  |  Read reviews and comments

Authors:

Roman_Mukhin

Roman Mukhin
Financial expert, analyst and author

Jane Emberg

Jane Emberg
Financial analyst and editor

4 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. 2.75
    Investment instruments
    100
    Deposits and withdrawals
    80
    Customer service
    20
    Trading platform
    20

    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.

    Helpful(0) Unhelpful(0)You have already voted this
  2. 4.75
    Investment instruments
    100
    Deposits and withdrawals
    100
    Customer service
    100
    Trading platform
    80

    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.

    Helpful(0) Unhelpful(0)You have already voted this
  3. 4
    Investment instruments
    80
    Deposits and withdrawals
    80
    Customer service
    80
    Trading platform
    80

    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.

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  4. 4.75
    Investment instruments
    100
    Deposits and withdrawals
    100
    Customer service
    80
    Trading platform
    100

    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.

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