OKX is a high cryptocurrency alternate previously referred to as OKex. It was based in 2017 to supply crypto traders a user-friendly platform for purchasing, promoting, and buying and selling crypto property. OKX has a clear interface, gives automated buying and selling instruments, and provides alternatives to earn passive revenue via varied crypto merchandise, making it a best choice for knowledgeable and new merchants.
OKX crypto alternate is taken into account protected to purchase and promote crypto in 2025 for newcomers and grasp merchants. The buying and selling platform provides varied safety measures, like chilly storage, anti-phishing codes, and a danger defend to guard customers and digital property.
Along with security measures, this OKX assessment will illuminate some fundamental details about OKX and supply data to reply the next questions: The place is OKX primarily based? What are OKX supported and restricted international locations? What are OKX buying and selling charges?
Lastly, additionally, you will acquire insights into one of the best options of OKX’s crypto alternate, methods to open a brand new account and commerce on OKX, and whether or not OKX is protected and bonafide for buying and selling crypto and Bitcoin in 2025.
OKX Overview: What’s It?
OKX is a cryptocurrency alternate that gives user-friendly buying and selling interfaces and choices, equivalent to spot, margin, and futures contracts. The platform additionally gives superior instruments, equivalent to crypto buying and selling bots, block buying and selling, and a portal to the Web3 ecosystem.
OKX crypto alternate additionally runs its personal blockchain, the X-layer blockchain community, and a local token, OKB. This native token is used to pay buying and selling charges, reward traders for holding OKB via OKX earn applications and grant customers entry to voting and governance on the buying and selling platform.
The alternate has many extra options, which we are going to focus on additional on this article. However earlier than we get into the total OKX crypto alternate assessment, right here’s a abstract of fundamental details about all of the options and companies the OKX crypto platform provides.
ExchangeOKXFounded 2017HeadquartersSeychellesFounder Star XuOptionsSpot buying and selling
Derivatives (margin, futures, perpetual, and choices)
Automated buying and selling instruments (bots and replica buying and selling)
OKX Earn (staking, lending, and so on.)
NFT market
Crypto borrowing
Supported Cryptocurrencies & Buying and selling Pairs350 cryptocurrencies and greater than 500 buying and selling pairs.Safety Measures OKX danger defend, chilly pockets storage, multi-factor authentication (MFA), and anti-phishing measures.Margin Buying and selling SureChargesLow charges. 0.08% maker and 0.10% taker charges.Buying and selling Choices Spot, futures, margin.Fee StrategiesVisa, financial institution switch, cryptocurrency, MasterCard, and Apple Pay.Geographic RestrictionsOKX isn’t supported within the following areas: the US, Belgium, France, Iran, Cuba, Bangladesh, North Korea, Bolivia, Malta, Crimea, and Syria.
The place is OKX Primarily based?
OKX relies in Seychelles, however its world presence extends far past that. As a supplier of crypto alternate and Web3 companies, OKX operates places of work in key areas worldwide, together with Hong Kong, Singapore, the UAE, Silicon Valley, and the Bahamas, making certain complete help for its customers worldwide.
What are OKX Supported Nations?
OKX helps cryptocurrency buying and selling in over 100 international locations, together with South Africa, Singapore, Kenya, Australia, the Netherlands, Argentina, and Seychelles. Its broad attain ensures a seamless buying and selling expertise for customers throughout numerous areas worldwide.
Register on OKX at this time and Get a 30% low cost on buying and selling charges and as much as USD 10,000 for brand spanking new consumer rewards.
Is OKX Out there in US?
No, OKX alternate isn’t accessible within the US. Nonetheless, they provide Web3 companies to US customers.
What are OKX Restricted Nations?
OKX alternate has some partially restricted international locations, whereas others are prohibited utterly. Customers in international locations that aren’t totally restricted have restricted entry to the platform’s companies. A few of them embrace:
Belgium, Japan, Malaysia, and Cuba: Customers in these areas are restricted from utilizing margin and derivatives-related companies, together with futures, perpetual, and choices buying and selling.Canada: Present customers can entry OKX, however new OKX account registrations are usually not allowed on the time we write this assessment.Hong Kong: The corporate’s derivatives companies are unavailable in Hong Kong.The UK, the Bahamas, and the Netherlands: These international locations are prohibited from utilizing the platform’s derivatives-related companies.
Be aware: Potential customers from most of those international locations can’t presently register on OKX. Solely current merchants can use the permitted services on OKX.
OKX Utterly Restricted Nations
OKX crypto buying and selling alternate is unavailable to merchants in america and its territories, Belgium, France, Iran, Cuba, Bangladesh, North Korea, Bolivia, Malta, Crimea, Syria, Donetsk and Luhansk areas, and Eire.
The corporate would possibly replace the record of restricted international locations as laws in these areas evolve. If you’re considering utilizing their companies, usually examine for updates or, higher nonetheless, discover different alternate options.
What are OKX Buying and selling Charges?
OKX buying and selling charges are primarily based available on the market taker and maker mannequin like many different exchanges. OKX alternate has low buying and selling charges, beginning at 0.10% for takers and 0.08% for makers, and better VIP-level merchants can pay decrease charges than this normal.
The maker is the dealer who created a restrict order to promote their crypto. As a result of this order isn’t crammed instantly, some exchanges, together with OKX, cost them decrease charges as a result of they add liquidity to the platform. On the flip facet, the taker picks up an current order or purchases the crypto the maker sells from the order e-book. These merchants need their orders crammed instantly, thereby taking liquidity away from the platform.
For instance, if the present ETH lowest ask worth is 2,700 USDT and also you create a maker order with a bid worth of 2570 USDT, this order can’t be crammed instantly. OKX will enter it into the order e-book till somebody (a taker) fills it.
Here’s a rundown of the charges for spot, futures, choices, and spreads buying and selling on the OKX crypto alternate.
1. Spot Buying and selling Charges
OKX prices common customers 0.10% for takers and 0.08% for makers. The spot interface permits customers to purchase or promote crypto instantly or when the actual coin reaches a selected worth, relying on whether or not they select a market or restrict order.
Because the platform makes use of a tiered ranking that is dependent upon merchants’ 30-day buying and selling quantity and the variety of OKB tokens the merchants maintain, transaction charges might be discounted to 0%.
Be aware: The above charges are for USDT pairs. OKX prices much less charges for crypto, different stablecoins, and fiat pairs relying on customers’ 30-day buying and selling quantity.
2. Futures Buying and selling Charges
For futures contracts, OKX prices;
Taker Charge: 0.05% for non-VIP customers.Maker Charge: 0.02% for non-VIP customers.
The charges are decrease for VIP customers, with VIP 1 customers paying 0.03% (taker) and 0.01% (maker) for futures. The picture under summarizes the charges for varied VIP ranges by buying and selling quantity or quantity of OKB token the consumer is holding.
3. Choices Buying and selling Charges
OKX transaction charges for choices begin at 0.02% for makers and 0.03% for takers, and the choices charges are calculated in another way, although buying and selling quantity can be an necessary issue right here. OKX additionally prices a pressured liquidation payment and an train payment, which isn’t relevant for those who provoke a 1-day choices that doesn’t expire on Friday.
4. Spreads Buying and selling Charges
A 50% low cost applies to the usual payment price for all customers on unfold buying and selling charges. So, in case you are VIP 1 opening a BTC/USDT-margined perpetual unfold, the transaction payment might be 0.04% for makers and 0.05 for takers.
What are the Finest Options of OKX Crypto Alternate?
The perfect options of OKX are the OKX buying and selling bot, OKX copy buying and selling, OKX pockets, and OKX cellular app. Right here’s a rundown of those options and the way they guarantee a clean buying and selling expertise for newcomers and superior merchants alike.
OKX Buying and selling Bot
The buying and selling platform provides about 11 bots to assist customers automate their trades and earn even when they’re inactive. The grids embrace spot and futures grid, futures DCA, sensible arbitrage, spot DCA (martingale), recurring purchase, sign bot, iceberg, TWAP, sensible portfolio, and arbitrage.
Here’s a breakdown of how a few of these bots assist you earn extra with out always monitoring your trades.
Spot Grid
The Spot grid mode splits your beginning funds between the 2 digital property of your chosen buying and selling pair, say BTC/USDT. The bot then creates a grid of worth factors between the higher and decrease limits and divides your capital equally between the variety of grids used.
The bot mechanically buys extra of the asset when the worth drops to a decrease grid degree. Then, when the worth rises to an higher grid degree, the spot grid bot mechanically sells a few of the property.
Every time the worth reaches the higher grid line, the bot mechanically sells a portion of the asset and buys the traded asset when the worth reaches the decrease grid line. You earn a living from the distinction between the costs at which the bot buys and sells.
Futures Grid
The futures grid goals to earn a living from worth fluctuations inside a spread. OKX provides varied kinds of futures grid methods:
Lengthy Futures Grid: The bot buys futures on the present worth and sells them when the worth rises. This technique is greatest for markets which might be anticipated to go up however nonetheless have some volatility.Quick Futures Grid: The bot sells futures on the present worth and buys them again when the worth drops. This technique is greatest for markets that count on to go down however nonetheless have some volatility.Impartial Futures Grid: The bot trades in each instructions, shopping for when the worth is low and promoting when it’s excessive, irrespective of the market pattern.
The aim of the futures grid is to earn small income from every worth motion, whether or not the market goes up or down or staying inside a spread.
Good Arbitrage
OKX sensible arbitrage helps merchants make regular income whereas lowering the chance of worth modifications out there. It makes use of a Delta-neutral technique, which implies holding equal however reverse positions in two markets:
Shopping for a cryptocurrency within the spot market (lengthy place).Promoting the identical cryptocurrency within the perpetual swap market (brief place).
This bot helps steadiness positive factors and losses, so worth modifications have much less influence, and income come from funding charges earned through the holding interval. There are two kinds of sensible arbitrage methods on OKX:
Customized Mode: You select your technique and set revenue targets.Good Mode: The system recommends one of the best technique and mechanically manages profit-taking, stop-loss, and changes.
In contrast to sensible arbitrage, there are 4 methods to arrange the OKX futures and spot bots. You may both set the parameters primarily based in your evaluation, fill in parameters really useful by the crypto buying and selling bot, use AI technique, or copy lead merchants’ profitable bots.
OKX Copy Buying and selling
OKX copy buying and selling is a program that permits new customers to repeat methods from extra superior merchants and mechanically execute them within the spot or futures markets. If you copy a seasoned dealer, you’ll imitate their trades and mechanically open and shut positions when the dealer you copy opens or closes theirs.
Transaction charges for the trades customers copy are normally the identical because the common charges for the consumer’s tier degree. Nonetheless, you have to to share your revenue with the lead dealer, normally about 8 – 13% of your outcomes. Moreover, you’ll be able to set a most quantity per order and a most quantity for the dealer you’re copying.
As an example, you’ll be able to set your most quantity per order at 50 USDT and your most quantity for the dealer at 500 USDT. After the lead dealer has opened 10 positions, you’ll have an invested margin of 500 USDT, which is your most restrict. So, if the dealer opens an eleventh place, you received’t copy them.
OKX Pockets
OKX Pockets is now one of many best-decentralized wallets available on the market. It helps many blockchain networks and permits customers to entry and discover the Web3 world. In contrast to the OKXX alternate, with the OKX pockets, you have got full management of your property and personal keys as a result of the pockets is totally decentralized and non-custodial.
The OKX Web3 pockets is designed to offer a full-fledged and seamless Web3 expertise. It has a built-in DEX aggregator for multi-chain and cross-chain transactions, so you’ll be able to change between supported networks as a substitute of making a number of wallets on varied chains.
Moreover, you’ll be able to have interaction in yield farming, undergo the NFT market, and discover over 1,000 DApp protocols. Now, listed below are the advantages of utilizing the OKX web3 pockets:
Offers you full management and possession of your property and pockets.Fast crypto withdrawals with out an approval course of, in contrast to crypto exchanges.Multi-chain pockets that mechanically acknowledges and connects to totally different blockchain know-how networks with out requiring guide consumer switching.Handle crypto property on over 60 chains, together with Ethereum, Aptos, Optimism, and BSC.Out there on iOS, Android, and internet browsers.
Keep in mind that the OKX Web3 pockets doesn’t save your seed phrase, personal key, or password; you’re liable for these.
OKX Cell App
OKX provides a cellular app with a user-friendly interface for purchasing, promoting, buying and selling, and managing crypto even if you find yourself on the transfer. In contrast to the desktop interface, the OKX app gives a easy and clear view, good for newcomers, and a complicated mode for extra skilled merchants.
The OKX app is accessible on Apple Retailer and Play Retailer, and the registration course of is easy. Whereas the cellular app model is quicker and extra user-friendly, it nonetheless has all of the instruments accessible on the internet interface and every thing you should handle your digital property.
With a number of faucets, you’ll be able to simply purchase, promote, and convert crypto utilizing fiat or different crypto property, although fiat withdrawals might not be as clean as crypto withdrawals. Customers may also discover the assorted buying and selling choices, set limits, and market orders with TP/SL, path stops, and so on., as you’d do within the desktop model.
As well as, the OKX app provides margin buying and selling with leverage of as much as 10X. For derivatives, its futures contracts and perpetual swaps have leverage as much as 125X, and you’ll set alerts to obtain notifications when particular modifications happen in your trades.
How one can Open New Account and Commerce on OKX?
Comply with these steps to open an account and commerce on OKX.
Step 1: Choose your nation or area and comply with the phrases and privateness settlement, then click on “Subsequent.”
Step 2: Use your e-mail to register and add the OKX referral code “CNJREVIEW.”
Step 3: OKX will e-mail you a verification code. When you add the code, it’s time to confirm your quantity. They may ship you one other code through textual content.
Step 4: Create a safe password to guard your OKX account. We suggest creating at the very least a 12-word lengthy password.
Step 5: Confirm your id by finishing the KYC verification course of. OKX will confirm your paperwork inside 24 hours.
To begin buying and selling crypto on OKX, observe the next steps:
Step 1: Deposit Funds
It is advisable to fund your OKX account to start cryptocurrency buying and selling on OKX. You may deposit cryptocurrency from one other pockets or use fiat choices like bank cards (Visa, Mastercard), financial institution transfers, or peer-to-peer (P2P) transactions.
If you wish to deposit crypto, go to the ‘Property’ tab and choose ‘Deposit.’ Select the cryptocurrency and the community you wish to deposit. Then, switch the cryptocurrency to the generated pockets handle.
Step 2: Select Your Buying and selling Technique
Go to the ‘Commerce’ part to see the assorted buying and selling choices OKX crypto alternate provides. Relying on the form of commerce you wish to do, select between spot or derivatives (futures, margin, and perpetual swaps).
For newcomers, beginning with the spot market or utilizing the copy buying and selling instrument to mimic skilled merchants is advisable.
Step 3: Place Your First Commerce
Choose the pair you need from the spot or futures market, like PEPE/USDT or BTC/USDT. Since that is your first commerce, we suggest you employ a small amount of cash to commerce.
Use the order window on the fitting to position purchase or promote orders. You may select between totally different order varieties:
Market Orders: Execute instantly at present costs.Restrict Orders: Set a selected worth you wish to purchase or promote crypto.Cease Orders: Execute when a sure worth situation is met.
Lastly, verify your order, and it will likely be executed based on the order varieties you select.
Does OKX Require KYC?
Sure, OKX does require KYC. The method is just like that of different exchanges. To substantiate your id, you need to submit private identification paperwork, equivalent to a selfie, a passport, or a driver’s license. Be sure that the knowledge in your ID matches the area/nation you picked through the account registration course of.
Is OKX Secure and Legit to Commerce Crypto and Bitcoin?
OKX is protected and bonafide to commerce crypto and Bitcoin. The platform is taken into account as one of many greatest cryptocurrency exchanges with the cleanest interfaces. It’s designed with easy and superior modes to cater to numerous customers. Moreover, in case you are a newbie, the cellular app is best for studying, and also you don’t have to fret about lacking something as a result of it has all of the options on the desktop model.
OKX provides some security measures, together with offline asset storage, a danger defend, multi-factor authentication, passkeys, anti-phishing codes, and withdrawal handle whitelisting.
Chilly Pockets Storage
95% of property on OKX are saved in offline wallets, which aren’t inclined to hacks and safety breaches. The corporate limits how a lot cryptocurrency might be saved in a single chilly pockets handle to additional defend consumer funds property saved offline.
Every handle can maintain a most of 1,000 BTC. This spreads the whole quantity of offline property throughout a number of wallets, stopping a single level of failure. As soon as the funds in a single chilly pockets are withdrawn, new deposits will now not be obtained.
OKX Danger Protect
OKX crypto alternate units apart a share of the platform’s property, over $700 million, to safeguard cash and customers from potential breaches. The danger fund is just like Binance’s Safe Asset Fund for Customers (SAFU), which protects in opposition to safety breaches and market volatility.
3. Multi-factor Authentication
When you open an account on OKX, it is very important up your safety. You are able to do this via the profile icon. There, you’ll find varied safety measures to activate.
Begin with two-factor authentication (2FA), then activate passkeys and authenticators. If you happen to determine to activate the Google Authenticator app, maintain the code you’ll be given safely. If you happen to lose your cellphone or change gadgets, you should utilize it to log in to your authenticator app.
4. Anti-phishing Codes
This safety function permits customers to double-proof their account safety. If you activate it, OKX will e-mail you a code that helps you differentiate between reliable communications and suspicious emails.
5. Proof of Reserves
OKX printed their December 2024 proof of reserve knowledge and so they’re holding over USD 30.8 billion in reserves. This consists of a few of the hottest cryptocurrencies like Bitcoin (105%), Ethereum (102%), and stablecoins equivalent to Tether USDT (106%) and USD Coin (100%).
The PoR is printed month-to-month, and the corporate makes use of superior cryptographic strategies, together with zero-knowledge proofs, to make sure full transparency whereas defending consumer privateness. You may independently confirm your property via OKX’s dashboard and public pockets addresses.
6. Withdrawal Tackle Whitelisting
OKX permits customers to decide on which pockets addresses are allowed for withdrawals via the handle whitelisting function. Any handle outdoors the pre-approved addresses will mechanically be blocked. So, even when somebody tries to hack into your account, they can not transfer funds to any handle since they aren’t on the record.
