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Must read: OKEx has rebranded to OKX
OKEx rebranded to OKX in January 2022 as it shifts towards a more decentralised model for its cryptocurrency platform.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
What is OKX?
OKX is a digital asset trading platform with tools and options designed to suit both beginner and experienced traders. As well as spot trading of cryptocurrencies, it also allows fiat-to-crypto transactions and futures trading.
Founded in 2014 and incorporated in the Seychelles, OKX is operated by OKX Technology Company Limited.
Supported cryptocurrencies:
Approximately 340 cryptocurrencies
Supported cryptocurrencies include:
BTC
ETH
XRP
BCH
EOS
LTC
ADA
XLM
MIOTA
TRX
KNC
FSN
GAS
BNT
CTXC
NULS
LINK
MCO
TRUE
MANA
NEO
DASH
XMR
XEM
USDT
ETC
ICX
QTUM
BNB
OMG
THETA
CVC
STORJ
ZEN
ANT
ENJ
REN
AST
LET
UTK
ZEC
ZIL
LSK
ONT
ZRX
SC
DCR
WAVES
BTM
BCD
INT
RVN
MLN
DAI
TCT
SWFTC
STX
LEO
MDT
MDA
REP
MKR
DOGE
IOST
SNT
DGB
BAT
LRC
ELF
MITH
DMD
NMR
TUSD
DOT
ANC
MXT
ARG
ORB
ATOM
IMX
Available countries
OKX offers its crypto trading services to users in more than 100 countries around the world. However, if you’re unsure whether you’ll be able to access OKX from your country of residence, contact the platform’s support team for more information.
Which payment methods are accepted?
You can deposit funds into an OKX trading account using the following methods:
Cryptocurrency transfer
Bank transfer
Alipay
WeChat Pay
However, you’ll need to provide your name, country of residence and proof of ID before you can make a fiat deposit.
How much will it cost me to use OKX?
The tables below outlines the maker and taker fees that apply when trading on OKX as a regular user.
Spot trading
Tier
30-day trading volume
Maker fee
Taker fee
24-hour withdrawal limit
Level 1
less than 5,000,0000
0.080%
0.0100%
10,000,000
Level 2
less than 5,000,000
0.075%
0.095%
10,000,000
Level 3
less than 5,000,000
0.070%
0.090%
10,000,000
Level 4
less than 5,000,000
0.065%
0.085%
10,000,000
Level 5
less than 5,000,000
0.060%
0.080%
10,000,000
Futures trading
Tier
30-day trading volume
Maker fee
Taker fee
24-hour withdrawal limit
Level 1
less than 50,000,000
0.020%
0.050%
10,000,000
Level 2
less than 50,000,000
0.018%
0.045%
10,000,000
Level 3
less than 50,000,000
0.017%
0.040%
10,000,000
Level 4
less than 50,000,000
0.016%
0.035%
10,000,000
Level 5
less than 50,000,000
0.015%
0.030%
10,000,000
Are there any transfer limits?
The maximum amount you can withdraw from your OKX account in each 24-hour period varies according to your trading volume, as outlined in the table below.
Tier
30-day volume
Futures trading
24-hour withdrawal limit
Level 1
Less than 600 BTC
Less than 10,000 BTC
100 BTC
Level 2
600 – 1,199 BTC
10,001 – 19,999 BTC
150 BTC
Level 3
1,200 – 2,399 BTC
20,000 – 29,999 BTC
200 BTC
Level 4
2,400 – 11,999 BTC
30,000 – 59,999 BTC
250 BTC
Level 5
12,000 – 23,999 BTC
60,000 – 99,999 BTC
300 BTC
Level 6
24,000 – 59,999 BTC
100,000 – 199,999 BTC
400 BTC
Level 7
60,000 – 119,999 BTC
200,000 – 299,999 BTC
500 BTC
Level 8
120,000+ BTC
300,000+ BTC
1,000 BTC
Maximum limits also apply to individual transactions and to the amount you can trade each day. The limits for a selection of popular currencies are shown in the table below.
Currency
Transaction limit
Daily limit
Bitcoin
100 BTC
500 BTC
Litecoin
10,000 LTC
10,000 LTC
Ether
1,000 ETH
1,000 ETH
Ethereum Classic
10,000 ETC
50,000 ETC
Tether
500,000 USDT
500,000 USDT
Finally, the transaction limit when placing a fiat-to-crypto trade varies depending on the level of account verification you have completed. After submitting your name, country of residence and ID number, you’ll be able to access a single transaction limit of RMB800 (Chinese renminbi). This limit can be raised as high as RMB1,000,000 per transaction by submitting additional information.
Is it safe to use OKX?
You can sign up for an account with OKX simply by providing your email address and creating a password. This allows you to start trading crypto-to-crypto, but if you want to make a fiat deposit or withdraw any funds from your account, you’ll need to provide additional personal details.
OKX also supports a few key features which users can access for additional security, including:
2-factor authentication
Mobile verification codes for withdrawal, changing password and security settings
Anti-phishing codes with every email from OKX
Customer support
If you have any problems with your account or have a query about a transaction, OKX offers a handy online support centre with answers to a wide range of frequently asked questions. However, if you can’t find the answer you’re looking for, you can submit an online support request, open a live chat window or email support@OKX.com.
Pros and cons
Pros
Buy and sell more than 325 cryptocurrencies
Leverage trading and futures trading available
Desktop client and mobile app available
Competitive trading fees
Large trading volume
Simple and straightforward trading interface
Established company
Cons
Futures trading is only for experienced traders and should be avoided by beginners
Disclosure: At the time of writing, the author held IOTA and XLM.
Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
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