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OKX Cryptocurrency Exchange

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Fiat currencies
36
Supported assets
341
This is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Our verdict

Trade over 300 cryptos on one of the world’s largest digital asset exchanges.

OKX is a digital asset trading platform with tools and options designed to suit both beginner and experienced traders.

The platform enables one-click fiat-to-crypto transactions, spot trading and derivatives and margin trading. Plus, trading fees are relatively low.

Once you’ve purchased some crypto on OKX, you can use the platform to earn a yield on your digital assets through either its lending services or staking-as-a-service feature.

Unfortunately, OKX is not available to US residents and the exchange has a reputation for offering little in the way of customer service.

Pros

  • Straightforward exchange interface. The exchange feature on OKX is uncomplicated. Simply choose the fiat currency you want to make a purchase with and then select the crypto you want to buy.
  • Educational resources. OKX features tutorials, trading ideas and analysis under its “Learn” tab.
  • Copy trading. OKX enables you to copy the trades of successful traders in just a few clicks.

Cons

  • Poor customer service reviews. On Trustpilot, 40% of OKX customer service reviews are 1 out of 5.
  • Not available to US users. OKX is not licensed and/or regulated in the United States. While its partner site Okcoin is, Okcoin doesn’t offer the same features as OKX.

In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
  • Ask a question

OKX is one of the largest cryptocurrency exchanges in the world. Regularly featuring among the top 10 global exchanges by 24-hour trade volume, OKX offers fiat-to-crypto and crypto-to-crypto trading on more than 100 digital currencies. It also offers market maker and taker fees starting from 0.15% and 0.2% respectively, with discounted fees for high-volume traders.

But is OKX the right exchange for you? We’ve gathered together a host of information about the platform’s features, fees, pros and cons to help you decide.

Details

Product details

Product Name OKX Cryptocurrency Exchange
Fiat Currencies USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 26 more
Cryptocurrencies BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, BNB, DAI, STETH & 330 more
Deposit Methods Cryptocurrency
Trading Fee 0%
Deposit Fees Cryptocurrency: Not disclosed; blockchain network fees apply
Bank transfer (ACH): Not disclosed; bank fees may apply
Bank transfer: Not disclosed; bank fees may apply
Credit card transfer: Not disclosed
Debit card transfer: Not disclosed
Apple Pay: Not disclosed
Google Pay: Not disclosed
Withdrawal Fees Cryptocurrency: Not disclosed; blockchain network fees apply
Bank transfer (ACH): Not disclosed; bank fees may apply
Bank transfer: Not disclosed; bank fees may apply

About OKX — company background

Founded in 2017, OKX is a cryptocurrency exchange based in Seychelles, and it serves users in over 100 countries.

Some major jurisdictions like the United States and Singapore do not permit their residents to use the platform, while others like the United Kingdom don’t allow users to access certain features of the platform like its derivative-related services.

The exchange changed its name from “OKEX” to “OKX” in January 2022.

Listed OKX crypto exchange assets

OKX supports over 341 cryptocurrencies. In total, OKX carries 19 of the top 20 cryptos by market cap.

Popular assets on OKX
Bitcoin (BTC)
Ethereum (ETH)
Tether (USDT)
XRP (XRP)
BNB (BNB)
Solana (SOL)
USDC (USDC)
Dogecoin (DOGE)
TRON (TRX)
Cardano (ADA)
Lido Staked Ether (STETH)
Wrapped Bitcoin (WBTC)
LEO Token (LEO)
Chainlink (LINK)
Avalanche (AVAX)
Stellar (XLM)
Toncoin (TON)
Shiba Inu (SHIB)
Hedera (HBAR)
USDS (USDS)

OKX fees

OKX charges a Not disclosed; bank fees may apply fee for bank transfer deposits, Not disclosed; bank fees may apply fee for bank transfer (ACH) deposits and a Not disclosed; blockchain network fees apply fee for cryptocurrency deposits.

Deposit & withdrawals fees

Transaction type Fee
Deposit funds
Cryptocurrency: Not disclosed; blockchain network fees apply
Bank transfer (ACH): Not disclosed; bank fees may apply
Bank transfer: Not disclosed; bank fees may apply
Credit card transfer: Not disclosed
Debit card transfer: Not disclosed
Apple Pay: Not disclosed
Google Pay: Not disclosed
Withdraw funds
Cryptocurrency: Not disclosed; blockchain network fees apply
Bank transfer (ACH): Not disclosed; bank fees may apply
Bank transfer: Not disclosed; bank fees may apply

OKX uses a maker taker fee structure for spot market trading. Instant purchases incur a separate 0.02-0.1% fee.

Type Fee
Maker
Ranges for spot market trading: -0.005-0.08%

Ranges for futures and perpetuals trading: -0.005-0.02%

Ranges for options trading: -0.01-0.02%

Maker fee explained. A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.
Taker
Ranges for spot market trading: 0.02-0.1%

Ranges for futures and perpetuals trading: 0.015-0.05%

Ranges for options trading: 0.013-0.03%


Taker fee explained. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order.

Maker fee explained. A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.

Taker fee explained. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order.

OKX deposit methods

  • Cryptocurrency

How to sign up on OKX exchange

Before you can even get started trading on OKX, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is OKX's commitment to certifications and compliance with regulations and insurers.

  1. Get started
    After selecting the Get Started button, fill in the create account form.
  2. Set up payment
    Before you can start trading, you have to add your bank account to your OKX account. There are several options to choose from, so choose the option most compatible.
  3. Provide identification
    Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this.
  4. Start trading
    After all that is processed, you're ready to trade on OKX.

Using the OKX app

The OKX app is available for both Android and iOS devices.

Is OKX safe?

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

    • Keeping your crypto secure

    All centralised exchanges, including OKX, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.

    Ledger Nano X Wallet

    Trezor Model T Wallet

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    Supported assets

    5,500+

    Supported assets

    1,000+

    Price (USD)

    $149

    Price (USD)

    $129

    OKX customer support

    If you have any problems with your account or have a query about a transaction, OKX offers a handy online support center 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 the company.

    How to reach OKX customer support

    • Discord
    • Email
    • Facebook
    • Telegram
    • Twitter

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    Your reviews

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    Avatar

    Tim Finder

    Writer

    Hi there, looking for more information? Ask us a question.

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    Avatar

    TheresaW

    February 03, 2019

    What bank does Okex Exchange use?


    Avatar

    Joshua Finder

    February 10, 2019

    Hi TheresaW,


    Thanks for getting in touch with finder. I hope all is well with you. :)


    Okex Exchange does not use any specific bank. It is their user who will be using the bank to transfer funds to their OKEx account. So, whatever your bank might be, as long as it permits transfers to OKEx account, then that bank can be used.


    I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.


    Have a wonderful day!


    Cheers,

    Joshua


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    Avatar

    Nasir

    September 19, 2018

    Sir please Guide me can i deposit through Bank transfer from pakistan


    Avatar

    joelmarcelo

    September 19, 2018

    Hi Nasir,


    Thanks for leaving a question on finder.


    Before, you can use urdubit to withdraw funds as per OKEx website. Unfortunately, the Bank of Pakistan has prohibited dealing with cryptocurrency since April of this year. Sorry about that.


    Please send me a message if you need anything else. :)


    Cheers,

    Joel


    Show more Show less
    Avatar

    Tim Falk

    Writer

    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. See full profile

    Avatar

    Frank Corva

    Writer

    Frank Corva is business-to-business (B2B) correspondent for Bitcoin Magazine and formerly the cryptocurrency writer and analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets. See full profile

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