OKX is a global cryptocurrency exchange offering fiat-to-crypto and crypto-to-crypto trading across 341 digital assets, including Bitcoin, Ethereum, and stablecoins. Founded in 2017 and headquartered in Seychelles, OKX caters to traders in 100+ countries (excluding the US) with competitive fees and advanced trading tools.
👉 Discover OKX's low trading fees
Key Features at a Glance
✅ Pros
- Beginner-friendly interface: Streamlined fiat-to-crypto purchases
- Educational hub: Tutorials and market analysis under "Learn" tab
- Copy trading: Mirror strategies of top-performing traders
- Yield opportunities: Staking and lending services for idle assets
❌ Cons
- US restrictions: Not available to American traders
- Customer service concerns: 40% of Trustpilot reviews rate support as 1/5 stars
- Limited deposit methods: Primarily crypto-based
Trading Fees & Costs
OKX employs a maker-taker fee model:
| Fee Type | Spot Trading Rate | Futures Rate |
|---|---|---|
| Maker | -0.005%–0.08% | -0.005%–0.02% |
| Taker | 0.02%–0.1% | 0.015%–0.05% |
Discounts apply for high-volume traders.
Supported Assets (Top 20 Market Cap)
OKX lists 19 of the top 20 cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- XRP (XRP)
- BNB (BNB)
- Solana (SOL)
- Cardano (ADA)
Exception: USDS not supported.
Security Measures
OKX prioritizes safety through:
- 2FA authentication
- Withdrawal verification codes
- Anti-phishing email protocols
- Cold storage for majority of funds
Getting Started: 4-Step Guide
- Create Account: Provide email/password
- Verify Identity: Submit passport/driver's license
- Fund Account: Crypto deposits only
- Start Trading: Access spot/futures markets
Note: Full verification may take 24–48 hours.
Customer Support Options
- 📧 Email support
- 💬 Live chat
- 📚 FAQ knowledge base
- 📱 Social media channels (Twitter, Telegram)
FAQ: Quick Answers
Q: Can US citizens use OKX?
A: No – OKX isn't available to US residents due to regulatory restrictions.
Q: What's the minimum deposit?
A: Varies by cryptocurrency (e.g., 0.0001 BTC for Bitcoin deposits).
Q: Does OKX charge for withdrawals?
A: Yes – network fees apply for crypto withdrawals.
Q: Is copy trading available?
A: Yes, with one-click strategy replication from top traders.
Q: How long do deposits take?
A: Crypto deposits require 2-6 network confirmations (typically under 30 minutes).
Final Verdict
OKX stands out for:
- Low trading fees
- Extensive altcoin selection
- Passive income features
However, US traders must consider alternatives like Okcoin. For global users seeking a high-liquidity exchange with advanced trading options, OKX warrants serious consideration.