Log in Join

Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

OKX review

Trade more than 290 cryptocurrencies on one of the world’s largest digital asset exchanges.

Not enough reviews Write a review
Avatar
Avatar

By

Tim Falk

&

Frank Corva

Updated

Fact checked

OKX announcement

OKEx rebranded to OKX in January 2022 as it shifts towards a more decentralized model for its cryptocurrency platform.

Disclaimer: This page 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 take on OKX

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 futures trading. And it enables all of these types of trading at relatively low fees.

Once you’ve made some crypto purchases on OKX, you can stake certain assets via OKX to earn a yield on them.

Unfortunately, OKX is not available to US residents and the exchange has developed a bit of a reputation for having poor customer service.

4.2

Finder Rating

★★★★★

OKX pros and cons

Pros
  • Educational resources. OKX features tutorials, trading ideas and analysis under its “Learn” tab.
  • 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.
  • Over 368 cryptocurrencies supported. OKX supports 368+ assets, which should give you a good range of industries and asset types to invest in without needing to hop between multiple exchanges.
  • Trade with multiple fiat currencies. OKX allows you to trade with 10 currencies including USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP.
  • Deposit and withdraw USD directly to your bank account in the US. With OKX you can deposit cash from your American bank account and cash out back into the same account.
Cons
  • 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.
  • Mostly negative customer service reviews. On Trustpilot, 80% of the OKX customer service reviews are 1 out of 5.
  • No live chat or phone-based customer support. OKX does not have a live customer support service. Instead you will need to consult the FAQ or contact OKX via email, which may take several days to receive a reply.
  • Comparatively high trading fees. OKX charges maker/taker fees of / on the spot market which is high compared to some other platforms. If low trading fees are important, use our table to compare trading fees between platforms.
  • No mobile app available. OKX does not have a dedicated mobile app. You can still use the platform on your phone, but the experience may not be as smooth as other platforms that have smartphone apps.

About OKX — company background

Founded in 2014 and incorporated in Belize, OKX is operated by OKX Technology Company Limited.

OKX is currently headquartered in Seychelles.

The exchange has customers in over 100 countries and has over 400 employees.

Listed OKX crypto exchange assets

OKX supports over 368 cryptocurrencies. In total, OKX carries 18 of the top 20 cryptos by market cap.

Popular assets on OKX
Bitcoin (BTC)
Ethereum (ETH)
Tether (USDT)
BNB (BNB)
USD Coin (USDC)
XRP (XRP)
Cardano (ADA)
Dogecoin (DOGE)
Lido Staked Ether (STETH)
Polygon (MATIC)
Binance USD (BUSD)
Solana (SOL)
Polkadot (DOT)
Litecoin (LTC)
Shiba Inu (SHIB)
TRON (TRX)
Avalanche (AVAX)
Dai (DAI)
Uniswap (UNI)
Wrapped Bitcoin (WBTC)

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 deposit methods

  • Bank transfer (ACH)
  • Bank transfer
  • Credit card
  • Cryptocurrency
  • Debit card
  • Apple Pay
  • Google Pay

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 involved proof of identification). This can take quite a long 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.

About 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 centralized 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

    Go to site
    Go to site

    Supported assets

    5,500+

    Supported assets

    1,456+

    Price (USD)

    $149

    Price (USD)

    $219

    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

    Alternatives to OKX

    1 - 3 of 23
    Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
    SoFi Invest Crypto
    OFFER
    SoFi Invest Crypto
    Bank transfer (ACH), Cash, Debit card, Wire transfer, Rollover or personal check
    USD

    30
    cryptocurrencies

    Win up to $100 in crypto with a qualifying first trade. T&Cs apply.
    Go to site
    View details
    eToro USA LLC Cryptocurrency Trading
    Finder Award
    OFFER
    eToro USA LLC Cryptocurrency Trading
    Bank transfer, Debit card, PayPal, Wire transfer
    USD

    51
    cryptocurrencies

    Get $15 when you sign up and buy $100 of crypto. T&Cs apply.
    Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
    Go to site
    View details
    KuCoin Cryptocurrency Exchange
    OFFER
    KuCoin Cryptocurrency Exchange
    Bank transfer, Credit card, Cryptocurrency, Debit card, P2P
    USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

    742
    cryptocurrencies

    Sign up through Finder and get a free 14-day VIP upgrade to reduce your trading fees. T&Cs apply.
    Go to site
    View details
    Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
    loading

    More guides on Finder

    Ask an Expert

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

    4 Responses

      Default Gravatar
      TheresaWFebruary 3, 2019

      What bank does Okex Exchange use?

      Reply
        Avatarfinder Customer Care
        JoshuaFebruary 11, 2019Staff

        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

        Reply
      Default Gravatar
      NasirSeptember 20, 2018

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

      Reply
        Default Gravatar
        joelmarceloSeptember 20, 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

        Reply
    Go to site