We may earn a commission from links on our site, but this doesn’t affect our reviews. Advertiser Disclosure

OKX Review

Last Updated on February 26, 2024

James Headshot
Written by
Adam Headshot
Edited by
OKX logo
3.75
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit OKX

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

OKX embodies a sophisticated and innovative cryptocurrency exchange that provides a rich ecosystem for trading a diverse range of digital currencies. While it offers advanced features that may appeal more to experienced traders and institutional users, it remains accessible to a broader audience.

With a focus on maintaining high security standards and a robust trading infrastructure, OKX positions itself as a formidable presence in the major markets of cryptocurrency exchanges.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Wide range of cryptocurrencies available
  • Advanced trading features and interfaces
  • Competitive trading fees
  • Strong liquidity, facilitating large trades

Cons

  • Can be complex for beginners
  • Has faced regulatory challenges in some countries
  • No fiat currency support for certain services
  • Customer support can be slow to respond
  • Some users report technical glitches during peak trading times

Quick Summary

Headquarters Location International
Fiat Currencies Supported USD, AUD, GBP, CAD, EUR, NZD + 85 others (some through third party apps)
Total Supported Cryptocurrencies 332+
Trading Fees 0.06% - 0.10%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Google Pay, Simplex, Banxa, MoonPay, Xanpool, Mercuryo, Coinify, UTORG
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Delving into the world of cryptocurrency exchanges, OKX stands out as a significant player. Its reputation for offering a vast array of services to crypto enthusiasts makes it an intriguing platform for individuals looking to enter or expand their footprint in the dynamic crypto market.

OKX homepage

The embarkation on a journey with OKX is akin to entering an ever-expanding universe of financial opportunity within the crypto space. As the platform continues to scale new heights, it serves as a beacon for those who navigate the complex waters of digital currency trading.

The exchange not only stands as a testament to the burgeoning potential of crypto markets but also as a sanctuary for crypto enthusiasts who demand a comprehensive suite of tools and services to enhance their trading strategies. As OKX grows, so does its commitment to facilitating a seamless entry into the world of cryptocurrencies for its users, fostering a space where both seasoned and novice traders can thrive.

About OKX

OKX, formerly known as OKEx, is an international cryptocurrency exchange that has carved a niche in the digital assets space. With its inception in Hong Kong and a growing global presence, it caters to millions of users who seek a platform that supports a wide range of popular cryptocurrencies.

The exchange has evolved over the years, consistently adding innovative features to meet the ever-changing demands of the crypto traders.

OKX features

Reflecting on the legacy of OKX, its evolution has been significantly influenced by the tides of the crypto industry. Since its establishment, the exchange has weathered various market shifts and regulatory changes, adapting with agility to remain at the forefront of the industry.

The rise of decentralised finance (DeFi) and the burgeoning interest in digital assets have catalysed OKX’s efforts to broaden its offerings. Such responsiveness to industry needs has bolstered the exchange’s position, not just in Hong Kong but as a formidable player on the global stage, enabling it to captivate millions of users with its robust platform for trading a plethora of popular cryptocurrencies.

OKX has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, Telegram, TikTok and YouTube.

OKX has a mobile app on both the Apple App Store and Google Play.

OKX Supported Cryptocurrencies

OKX supports trading on over 332 cryptocurrencies on their platform. This exchange currently supports 29 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Chainlink (LINK)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Shiba Inu (SHIB)
  • Uniswap (UNI)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Immutable (IMX)
  • Aptos (APT)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • Stacks (STX)
  • Filecoin (FIL)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Kaspa (KAS)

View all cryptocurrencies OKX supports

  • 1INCH
  • AAVE
  • ACA
  • ACH
  • ADA
  • AERGO
  • AGLD
  • AIDOGE
  • AKITA
  • ALCX
  • ALGO
  • ALPHA
  • ANT
  • APE
  • API3
  • APM
  • APT
  • AR
  • ARB
  • ARG
  • AST
  • ASTR
  • ATOM
  • AUCTION
  • AVAX
  • AXS
  • AZY
  • BABYDOGE
  • BADGER
  • BAL
  • BAND
  • BAT
  • BCH
  • BETH
  • BICO
  • BLOK
  • BLUR
  • BNB
  • BNT
  • BONE
  • BORA
  • BORING
  • BRWL
  • BSV
  • BTC
  • BTM
  • BTT
  • BZZ
  • CAPO
  • CEEK
  • CEL
  • CELO
  • CELR
  • CETUS
  • CFG
  • CFX
  • CGL
  • CHE
  • CHZ
  • CITY
  • CLV
  • COMP
  • CONV
  • CORE
  • COVER
  • CQT
  • CRO
  • CRV
  • CSPR
  • CTC
  • CTXC
  • CVC
  • CVP
  • CVX
  • DAI
  • DAO
  • DASH
  • DCR
  • DEP
  • DGB
  • DHT
  • DIA
  • DOGE
  • DOME
  • DORA
  • DOSE
  • DOT
  • DYDX
  • EGLD
  • ELF
  • ELON
  • EM
  • ENS
  • EOS
  • ERN
  • ETC
  • ETH
  • ETHW
  • EURT
  • FAME
  • FIL
  • FITFI
  • FLM
  • FLOKI
  • FLOW
  • FLR
  • FODL
  • FORTH
  • FRONT
  • FSN
  • FTM
  • FXS
  • GAL
  • GALA
  • GALFT
  • GARI
  • GAS
  • GEAR
  • GF
  • GFT
  • GHST
  • GLM
  • GLMR
  • GM
  • GMT
  • GMX
  • GOAL
  • GODS
  • GOG
  • GRT
  • GUSD
  • HBAR
  • HC
  • HNT
  • ICP
  • ICX
  • ID
  • IGU
  • ILV
  • IMX
  • INT
  • IOST
  • IOTA
  • IQ
  • JFI
  • JOE
  • JPG
  • JST
  • KAR
  • KCAL
  • KDA
  • KINE
  • KISHU
  • KLAY
  • KNC
  • KOL
  • KONO
  • KP3R
  • KSM
  • LAMB
  • LAT
  • LBR
  • LDO
  • LEASH
  • LEO
  • LET
  • LHINU
  • LING
  • LINK
  • LITH
  • LON
  • LOOKS
  • LPT
  • LQTY
  • LRC
  • LSK
  • LTC
  • LUNA
  • LUNC
  • MAGIC
  • MANA
  • MASK
  • MATIC
  • MDT
  • MENGO
  • METIS
  • MILO
  • MINA
  • MITH
  • MKR
  • MLN
  • MOVEZ
  • MOVR
  • MRST
  • MXC
  • MXT
  • MYRIA
  • NEAR
  • NEO
  • NFT
  • NMR
  • NULS
  • NYM
  • OAS
  • OKB
  • OKDOT1
  • OKDOT2
  • OKT
  • OM
  • OMG
  • OMI
  • OMN
  • ONE
  • ONT
  • OP
  • ORB
  • ORBS
  • ORDI
  • OXT
  • PCI
  • PEOPLE
  • PEPE
  • PERP
  • PHA
  • PICKLE
  • PIT
  • PNK
  • POLS
  • POLYDOGE
  • POR
  • PRQ
  • PSTAKE
  • QOM
  • QTUM
  • RACA
  • RADAR
  • RAY
  • RDNT
  • REN
  • REP
  • REVV
  • RIO
  • RNDR
  • RON
  • RPL
  • RSR
  • RSS3
  • RVN
  • SAITAMA
  • SAMO
  • SAND
  • SC
  • SD
  • SHIB
  • SIS
  • SKEB
  • SKL
  • SLP
  • SNT
  • SNX
  • SOL
  • SOS
  • SPELL
  • SRM
  • SSV
  • SSWP
  • STARL
  • STC
  • STETH
  • STORJ
  • STX
  • SUI
  • SUN
  • SUSHI
  • SWEAT
  • SWFTC
  • T
  • TAKI
  • TAMA
  • THETA
  • THG
  • TON
  • TRA
  • TRB
  • TRX
  • TUP
  • TURBO
  • UMA
  • UMEE
  • UNI
  • USDC
  • USDT
  • USTC
  • UTK
  • VALUE
  • VELA
  • VELO
  • VELODROME
  • VRA
  • VSYS
  • WAVES
  • WAXP
  • WBTC
  • WGRT
  • WIFI
  • WIN
  • WLD
  • WNCG
  • WOO
  • WSB
  • WSM
  • WXT
  • XAUT
  • XCH
  • XEC
  • XEM
  • XETA
  • XLM
  • XMR
  • XNO
  • XPR
  • XRP
  • XTZ
  • YFI
  • YFII
  • YGG
  • ZBC
  • ZEC
  • ZEN
  • ZIL
  • ZKS
  • ZRX

Trading Experience

OKX prides itself on providing an advanced trading experience with a user interface that is both intuitive and equipped with a suite of powerful tools. From basic market orders to complex futures contracts, the platform is designed to cater to the varied demands of crypto traders under different market conditions.

Trading on OKX is akin to steering a vessel equipped with the most advanced navigational tools through the complex currents of the crypto market. The exchange has meticulously curated trading features to cater to a diverse fleet of traders, from those who prefer the simplicity of market order spot trades to those who seek the adrenaline-fuelled arenas of futures trading.

Advanced traders find solace in the breadth of contracts and pairs available, while newcomers appreciate the full-featured demo accounts that serve as a sandbox for honing one’s skills before diving into the live markets. Such a meticulously crafted trading experience is instrumental in empowering users to make informed decisions and execute strategies with precision.

OKX exchange marketing

OKX Fees

The fee structure at OKX is designed to be competitive and caters to a wide spectrum of traders. It uses a tiered system where the fees vary depending on factors such as the 30-day trading volume and the user’s membership level.

The approach encourages active trading by reducing costs for users with higher volumes, while ensuring transparency and fairness in how these fees are applied across different transactions.

The competitive edge of OKX is further sharpened by its dynamic fee structure. This framework is a nod to both the active trader and the contemplative investor, recognising the diversity within the crypto community.

By incorporating the trading volume within a 30-day cycle and recognising the commitment of VIP users, the exchange has crafted a fee model that aligns with the ethos of equitable trading. This tiered system acts as a financial equaliser of sorts, ensuring that whether one is making a modest deposit or engaging in high-stakes trading, the fees reflect the level of activity without compromising transparency.

Type Fee
Deposit Fee (Bank Transfer) Depends On the Country
Deposit Fee (Credit/Debit Card) 0%
Trading Fee 0.06% - 0.10%
Withdrawal Fee (Bank Transfer) 0% via P2P

OKX supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0004 BTC compared to the industry average of 0.000075 BTC. So OKX has a fee that is above the industry average by 433.33%.

OKX has a maker/taker fee schedule which you can see below.

Tier Total OKB holding Assets (USD) or 30-day trading volume (USD) Maker fee Taker fee 24h withdrawal limit (USD)
Lvl 1 < 500 < 100,000 / < 5,000,000 0.080% 0.100% 10,000,000
Lvl 2 ≥ 500 < 100,000 / < 5,000,000 0.075% 0.095% 10,000,000
Lvl 3 ≥ 1,000 < 100,000 / < 5,000,000 0.070% 0.090% 10,000,000
Lvl 4 ≥ 1,500 < 100,000 / < 5,000,000 0.065% 0.085% 10,000,000
Lvl 5 ≥ 2,000 < 100,000 / < 5,000,000 0.060% 0.080% 10,000,000

Security - Is OKX Safe?

Security is paramount at OKX, with a comprehensive approach that includes a blend of regulatory compliance and technology-driven safeguards. Key security features such as two-factor authentication, withdrawal passwords, and cold storage for digital assets are in place to protect customers’ assets from unauthorized access and online attacks.

Security within OKX is an intricate tapestry, woven with strands of technological advancements and proactive measures to shield users’ assets and identities against malevolent forces. The exchange’s approach to security is not static but evolves in tandem with emerging online threats and the sophisticated tactics of cyber adversaries.

Expanding upon the fundamental safeguards, OKX has instituted protocols that monitor network demand and traffic to preemptively address vulnerabilities. This vigilant stance ensures that asset protection is not just a promise but an unyielding commitment.

OKX Customer Support

Customer support at OKX aims to go the extra mile to ensure a positive experience for its users. With multiple support channels, including email and live chat, customers can expect to receive assistance on a range of issues promptly.

The support team is tasked with maintaining the trust and satisfaction of the users through effective communication and problem resolution.

The customer support channels at OKX operate as a lifeline, providing users with guidance and answers during their trading voyage. The support team’s dedication to going the extra mile manifests in their unwavering availability and the breadth of resources offered to ensure a positive experience for every user, irrespective of their query’s complexity.

Whether one encounters an issue with a crypto withdrawal or seeks clarity on the fee structure, the response is swift and informative, reinforcing the exchange’s reputation for outstanding customer care.

OKX support

OKX Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on OKX

  1. Create Account - Visit the OKX website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Simplex
  • Banxa
  • MoonPay
  • Xanpool
  • Mercuryo
  • Coinify
  • UTORG

OKX Alternatives

Binance logo

Binance

3.27
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
359+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

Visit Binance
Kraken logo

Kraken

3.67
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
233+

Trading Fees
0.06% - 0.16%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

Visit Kraken
Bybit logo

Bybit

3.50
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
341+

Trading Fees
0.04% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 160 others

Visit Bybit

Final Thoughts

Reflecting on OKX, it offers a platform that combines a broad selection of services with an emphasis on a user-centric experience. Traders from novices to experienced will likely find something that suits their needs, whether it’s spot or futures trading, staking, or exploring innovative financial products.

As the financial landscape continues to undergo rapid transformation with the integration of digital assets, exchanges play a pivotal role in sculpting the future contours of digital finance. In this ever-evolving arena, crypto exchanges like OKX act as vital conduits for market access and liquidity, propelling not only the growth of the cryptocurrency market but also shaping the way traditional assets are perceived and used.

With advancements in blockchain technology and an increasing array of financial services available on crypto platforms, the trajectory of these exchanges is poised to redefine the very essence of investment and asset management.

OKX FAQs

Trust in a cryptocurrency exchange often depends on various factors including its security measures, regulatory compliance, operational history, and customer reviews. OKX, formerly known as OKEx, is a well-established cryptocurrency exchange that has been operational in the crypto space for several years.

It serves millions of users worldwide and implements security features to protect its customers’ assets. Prospective users should conduct their own research and consider these factors when deciding whether to trust any cryptocurrency platform.

Most cryptocurrency exchanges, including OKX, have Know Your Customer (KYC) processes in place to comply with regulatory standards. These processes typically require users to verify their identity before they can engage in certain activities on the platform, such as withdrawing funds.

Users are usually required to complete KYC verification to ensure a secure trading environment and to prevent fraud and other illegal activities.

OKX is part of the OK Group, which was founded by Star Xu. The ownership and management structure may involve other individuals and entities as well.

For the most current and detailed information, it would be best to refer directly to OKX’s official communications or corporate filings.

OKX operates its own blockchain network called OKChain for some of its services. Additionally, the exchange supports transactions on various other blockchain networks, allowing users to trade and interact with a wide range of cryptocurrencies that operate on different networks.

The exact number of customers OKX has may vary over time and is not publicly disclosed in detail. However, OKX is known to be one of the larger global exchanges and serves millions of users worldwide.

OKX offers a range of features that may be suitable for both beginners and experienced users. It provides a user-friendly interface and resources to help new users understand the platform.

However, beginners should always exercise caution and educate themselves about the risks of cryptocurrency trading before starting.

Yes, users can withdraw money from OKX once they have completed any required verification processes and complied with the platform’s withdrawal policies. It’s important for users to familiarize themselves with the withdrawal procedures and any potential limits or restrictions.

For basic functionalities such as exploring the platform and certain low-volume transactions, users may be able to use OKX without completing full KYC verification. However, KYC becomes necessary for higher-volume trades and withdrawals as part of OKX’s adherence to regulatory requirements and anti-money laundering policies.

OKX User Reviews

0.0 out of 5.0

0 reviews

5 Stars: 0%
4 Stars: 0%
3 Stars: 0%
2 Stars: 0%
1 Star: 0%

No reviews yet for OKX - be the first to review!

Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: