OKX Review 9.36/10⭐

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NOTE: Customers from United States are not allowed to register. Find another broker here.

One of the fastest functioning and hottest up and coming crypto exchanges. Try it and see for yourself!

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Background & Overview

 

The exchange was founded in 2017 as OKEX but rebranded to OKX traders can engage in a variety of financial services with the use of several cryptocurrencies and trading pairs. One can access services with this exchange, including spot, futures, margin, perpetual swaps trading, options, DeFi, lending, and mining pool services. The crypto exchange provides products and services according to a user's preference as the 18th largest cryptocurrency exchange by volume though a few tokens do not have as high liquidity.

The exchange prioritizes security offering its users a reliable and stable environment to facilitate crypto trading through the web and mobile applications. The exchange also uses a global server load balancing, distributed clusters, and various technologies to protect its users.

Due to its restrictions in the US, the exchange is primarily suitable for non-US residents who would like to be a part of the crypto world, and beginners can fit right in with the resources that help them learn about the exchange. The exchange is also suitable for experienced day traders and professional brokers as it offers an array of services that they may use. Their unique selling point comes in with the vast services, security, reliability, and usability of any cryptocurrency trader of any level. Visit OKX now!

 

Advantages at OKX

+ OKX is beginner friendly with a user-friendly trading interface for its users.
+ Users incur low trading fees on OKX that decrease with higher volumes.
+ Provides educational resources to learn about cryptocurrency trading and other features.
+ You can access high-interest staking with various cryptocurrencies.
+ The OKX exchange facilitates lending, mining pool, and futures.
+ It has responsive customer support with top-notch multi-layered security. 

Disadvantages

- The exchange is not available to US residents limiting users.
- Some cryptocurrencies offer low liquidity to the exchange's users.
- OKX does not disclose deposit and withdrawal fees to its users.
- Some users perceive that it has a complex and multi-tiered fee structure. 

KYC & Registration

The registration process is quite simple as one uses their personal contact information. OKX Exchange offers "Know Your Customer" security to ensure that it provides online safety, privacy, and security for its users. Users can complete the KYC requirements depending on the levels: Level one KYC verification requires entry of essential information such as the government identification number, Level two requires uploading an ID picture and photo, and Level three requires one to agree to a disclaimer.

 

Company Account

Users can open business/corporate accounts on the exchange if they open a new account with the preferred email address to use as the corporate login. After this, the user can go to "Settings" > Verification" and select the option "Corporate Verification". Corporate users can access all features on OKX by completing Level 1 and Level 2 KYC verification.

 

Leverage

▪ Rated at 9/10

The leverage options allow the traders to enter a worthy position by committing a small amount of money. OKX Exchange provides choices of 10x and 20x leverages under full liquidation mode and 1-100x leverages under partial liquidation mode.

 

Costs

▪ Rated at 10/10

Trading fees in this exchange vary for regular and VIP users. Tiers are the categories for regular uses based on their total OKB holdings, and VIP users are categorized using 30-day trading volumes and asset balances. The updates to the tiers occur daily.

Users can avail of discounts depending on their requirements, as the discounts vary across spot, futures, perpetual swaps, and options markets. The complex fee schedule shows that the more OKB, the native currency of the OKX exchange, that users hold, the lower their fees.

 

Deposit Methods

▪ Rated at 9/10
Below you can see a list of the deposit methods available on OKX. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.

The exchange's main deposit methods include credit/debit cards, bank accounts, or digital wallets. The users can make crypto deposits using bank account transfers, credit/debit cards, Apple Pay, and even Google Pay. The users find the methods convenient and choose them depending on which one they can access quickly based on their location. Only residents of a country supported by the exchange can make direct crypto purchases with a credit card or bank account. Read more about the deposit methods at OKX here.

 

Platforms

▪ Rated at 10/10
The following platforms are supported by OKX:

Upon loading the website, users find it easy to navigate as it has a simple and neat design. The details of every page and what you need are arranged neatly in the website's header, and at the footer where there are lists of the pages a user might need to navigate the site. Even for a beginner, the site would be simple to use.

It has a minimal design that anyone can easily read through and get the needed service without overwhelming its users. This encourages the interaction of customers with the exchange. The 'Learn' section is impressive as it provides users with extensive tutorials concerning OKX; provides insights into the company, its research, industry, and market analysis. The simple design also suits experienced traders as they can see the plenty of options they can use for advanced trading, including market, limit, and stop orders as well as margin trading.

 

Automated Trading and Copy Trading

There is a DCA (dollar cost averaging) bot that enables users to automate deposits independent of price at regular intervals to spread the risk evenly. There is also an autotrade bot for easy buying and selling. This bot has seven different modes, which include spot, futures, and portfolios, which are ideal for users of all experience and ability levels.

›› Get started with Crypto Auto Trading at OKX now. 

Languages supported

The following languages are supported on OKX:

Chinese, English, French, German, Indonesian, Italian, Korean, Polish, Portuguese, Russian, Spanish, Thai and Turkish and Vietnamese

 

Broker Support

▪ Rated at 10/10

OKX provides a support center page with a FAQ section that has detailed information depending on the service and need a user may have. Additionally, users can utilize a chat box to ask questions that are more specific and not indicated in the FAQ section. The chat box and support are available in multiple languages, including English, Russian, Turkish, Spanish, Portuguese, Ukrainian, Indonesian, Vietnamese, and Romanian. They're adding new languages all the time. The response is quick, and users can get answers and solutions to their problems within minutes.

 

Other Names for OKX

OKX is or has also been known under the following names: Aux Cayes FinTech Co. Ltd

 

FAQ

Where can I register for OKX?

The best way is to open an account here and if you have any further questions you can get in touch with their support directly.

Is this a secure site?

OKX exchange provides reliability throughout its financial services, and it has multilayered security protocols such as two-factor authentication and set access for a specific IP address.

Is the site legitimate?

OKX has a virtual trading licence from Dubai and is also registered in the Bahamas and Seychelles. It's not regulated in the EU or UK for example, like more reputable sites such as Coinbase.

What languages is the exchange available in?

The exchange is available in English, Turkish, Russian, Polish, French, German, Romanian, Czech, Portuguese, Vietnamese, Korean, Indonesian, and, Ukranian, Spanish. They're continually adding new languages to the site as well as the map.

 

History of OKX

2017 - The OKX exchange was founded as OKEX.

January 2022 - It rebrands to OKX showcasing that it's more than just a centralized exchange, but also has access to DeFi and NFTs among other features.

May 2022 - OKX signs a sponsorship deal with McLaren as a primary partner.

September 2022 - The exchange launched a global marketing campaign with various sports sponsorships. The "What is OKX?" campaign.

 

Instruments available

Find the full list of instruments available to trade at OKX here. OKX has a very large range of pairings for you to choose from. You can see the complete list as of November 2022.

▪ Rated at 10/10

Crypto Currencies

1INCH/USDC, PYTH/USDT, 1INCH/USDT, AAVE/BTC, WSM/USDT, AAVE/ETH, AAVE/USDC, AAVE/USDT, WLD/USDT, ABT/USDT, ACA/USDT, ADA/BTC, FLOKI/USDT, ADA/ETH, BRETT/USDT, ADA/USDC, ADA/USDT, TUSD/USDT, AERGO/USDT, PEPE/USDT, AGLD/USDC, AGLD/USDT, AKITA/USDT, ALCX/USDT, ALGO/BTC, ALGO/USDC, ALGO/USDT, ALPHA/BTC, ALPHA/USDT, ANC/USDC, ANC/USDT, ANT/BTC, ANT/USDC, ANT/USDT, ANW/USDT, APE/BTC, APE/USDC, APE/USDT, API3/ETH, API3/USDC, API3/USDT, APIX/USDT, APM/USDT, APT/USDC, APT/USDT, AR/USDC, AR/USDT, ARG/USDT, ARK/USDT, AST/USDT, ASTR/USDC, ASTR/USDT, ATOM/BTC, ATOM/ETH, ATOM/USDC, ATOM/USDT, AUCTION/USDT, AVAX/BTC, AVAX/ETH, AVAX/USDC, AVAX/USDT, AXS/USDC, AXS/USDT, AZY/USDC, AZY/USDT, BABYDOGE/USDC, BABYDOGE/USDT, BADGER/BTC, BADGER/USDT, BAL/USDT, BAND/USDT, BAT/BTC, BAT/USDC, BAT/USDT, BLUR/USDT, BCD/BTC, BCD/USDT, BCH/BTC, BCH/USDC, BCV/USDC, BETH/ETH, BETH/USDT, BHP/USDT, BICO/USDC, BICO/USDT, BLOK/USDT, BORA/USDT, BORING/USDT, BRWL/USDT, BSV/BTC, BSV/USDT, BTC/DAI, BTC/EURT, BTC/USDC, BTC/USDK, BTC/USDT, BTG/BTC, BTG/USDT, BTM/BTC, BTM/USDT, BTT/USDT, BZZ/USDT, CEEK/USDC, CEEK/USDT, CEL/BTC, CEL/USDC, CEL/USDT, CELO/BTC, CELO/USDC, CELO/USDT, CELR/USDT, CELT/BTC, CELT/USDT, CFG/USDT, CFX/USDT, CGS/USDT, CHAT/USDT, CHE/USDT, CHZ/BTC, CHZ/USDC, CHZ/USDT, CITY/USDT, CLV/USDT, CMT/USDT, CNTM/USDT, COMP/BTC, COMP/USDC, COMP/USDT, CONV/USDT, COVER/USDT, CQT/BTC, CQT/USDT, CRO/BTC, CRO/USDC, CRO/USDT, CRV/BTC, CRV/ETH, CRV/USDC, CRV/USDT, CSPR/BTC, CSPR/USDC, CSPR/USDT, CTC/BTC, CTC/USDT, CTCX/USDT, CVC/BTC, CVC/USDT, CVP/USDT, CVT/USDT, CVX/USDT, DAI/USDT, DAQ/USDT, DASH/BTC, DASH/ETH, DASH/USDC, DASH/USDT, DCR/BTC, DCR/USDT, DEP/USDC, DEP/USDT, DEVT/USDT, DGB/BTC, DGB/USDT, DHT/USDT, DIA/USDT, DMD/USDT, DNA/USDT, DOGE/BTC, DOGE/ETH, DOGE/USDT, DOME/USDC, DOME/USDT, DORA/USDT, DOSE/USDT, DOT/BTC, DOT/USDC, DOT/USDT, DYDX/USDC, DYDX/USDT, EC/USDT, EDEN/USDT, EFI/USDT, EGLD/BTC, EGLD/USDC, EGLD/USDT, EGT/USDT, ELF/BTC, ELF/USDT, ELON/USDT, ELT/USDC, ELT/USDT, EM/USDT, ENJ/BTC, ENJ/USDT, ENS/BTC, ENS/USDC, ENS/USDT, EOS/BTC, EOS/ETH, EOS/USDC, EOS/USDT, ERN/USDT, ETC/BTC, ETC/ETH, ETC/USDC, ETC/USDT, ETH/BTC, ETH/BTC, ETH/DAI, ETH/EURT, ETH/USDC, ETH/USDK, ETH/USDT, ETHW/BTC, ETHW/USDC, ETHW/USDT, EURT/USDT, FAIR/USDT, FAME/USDT, FARI/USDT, FDYDX/BTC, FIL/BTC, FIL/ETH, FIL/USDC, FIL/USDT, FITFI/USDC, FITFI/USDT, FLM/USDC, FLM/USDT, FLOW/BTC, FLOW/ETH, FLOW/USDC, FLOW/USDT, FODL/USDT, FORTH/USDT, FOT/ETH, FRONT/USDT, FSN/USDT, FTM/USDC, FTM/USDT, GALA/USDC, GALA/USDT, GALFT/USDC, GALFT/USDT, GARI/USDC, GAS/BTC, GAS/ETH, GAS/USDT, GF/USDT, GHST/ETH, GHST/USDT, GLM/USDT, GLMR/USDC, GM/USDT, GMT/USDC, GMT/USDT, GODS/USDC, GODS/USDT, GOG/USDT, GRT/BTC, GRT/USDC, GRT/USDT, HBAR/BTC, HBAR/USDC, HBAR/USDT, HC/BTC, HC/USDT, HDAO/USDT, HEGIC/ETH, HEGIC/USDT, HNT/USDC, HNT/USDT, HYC/USDT, ICP/BTC, ICP/USDC, ICP/USDT, ICX/BTC, ICX/USDT, ILV/USDT, IMX/USDC, IMX/USDT, INT/BTC, INT/ETH, INT/USDT, INX/USDT, INX/USDT, IOST/BTC, IOST/ETH, IOST/USDC, IOST/USDT, IOTA/BTC, IOTA/USDT, IQ/USDT, JFI/USDT, JOE/USDT, JST/USDC, JST/USDT, KAN/USDT, KAR/USDT, KCAL/USDC, KCAL/USDT, KCASH/USDT, KDA/USDT, KINE/USDT, KISHU/USDC, KISHU/USDT, KLAY/BTC, KLAY/USDC, KLAY/USDT, KNC/BTC, KNC/USDC, KNC/USDT, KOL/USDT, KONO/USDT, KP3R/USDT, KSM/BTC, KSM/ETH, KSM/USDC, KSM/USDT, LAMB/USDT, LAT/USDT, LBA/USDT, LDN/USDT, LDO/USDT, LEO/USDT, LET/USDT, LING/USDT, LINK/BTC, LINK/ETH, LINK/USDC, LINK/USDT, LITH/USDT, LON/USDT, LOOKS/USDC, LOOKS/USDT, LOON/USDT, LPT/USDT, LRC/BTC, LRC/USDC, LRC/USDT, LSK/BTC, LSK/USDT, LTC/BTC, LTC/ETH, LTC/USDC, LTC/USDT, LUNA/BTC, LUNA/USDC, LUNA/USDT, LUNC/BTC, LUNC/USDC, LUNC/USDT, MAGIC/USDT, MANA/BTC, MANA/ETH, MANA/USDC, MANA/USDT, MASK/USDC, MASK/USDT, MATIC/USDC, MATIC/USDT, MCO/USDT, MDA/USDT, MDT/USDT, MENGO/USDT, METIS/USDT, MILO/USDT, MINA/USDC, MINA/USDT, MIR/USDT, MITH/BTC, MITH/USDT, MKR/BTC, MKR/ETH, MKR/USDC, SUI/USDT, MKR/USDT, MLN/USDT, MOF/USDC, MOF/USDT, MON/USDT, MOVEZ/USDC, MOVEZ/USDT, MOVR/USDT, MRST/USDC, MRST/USDT, MXC/USDC, MXC/USDT, MXT/USDT, NAS/BTC, NAS/USDT, NEAR/BTC, NEAR/ETH, NEAR/USDC, NEAR/USDT, NEO/BTC, NEO/ETH, NFT/USDC, NFT/USDT, NMR/USDC, NMR/USDT, NULS/BTC, NULS/ETH, NULS/USDT, NYM/USDC, NYM/USDT, OKB/BTC, OKB/BTC, OKB/ETH, OKB/USDC, OKB/USDT, OKDOT1/DOT, OKFOT2/DOT, OKT/BTC, OKT/BTC, OKT/ETH, OM/ETH, OM/USDT, OMG/BTC, OMG/USDC, OMI/USDT, ONE/USDT, ONT/BTC, ONT/USDT, ONT/USDT, OP/USDC, OP/USDT, ORB/USDT, ORBS/USDT, ORS/USDT, PAY/USDT, PCI/USDT, PEOPLE/BTC, PEOPLE/USDC, PEOPLE/USDT, PERP/USDC, PERP/USDT, PHA/BTC, PHA/USDT, PICKLE/USDT, PIT/USDT, PLG/USDT, POLS/USDT, POLYDOGE/USDT, POR/USDT, PPT/USDT, PRQ/USDT, PST/USDT, PSTAKE/USDT, QOM/USDT, QTUM/BTC, QTUM/ETH, QTUM/USDT, RACA/USDC, RACA/USDT, RAY/USDT, REN/BTC, REN/USDT, REP/USDT, REVV/USDT, RFUEL/USDT, RIO/USDT, RNT/USDT, ROAD/USDT, RON/USDT, RSR/BTC, RSR/USDC, RSR/USDT, RSS3/USDT, RVN/BTC, RVN/USDT, SAITAMA/USDC, SAITAMA/USDT, SAMO/USDT, SAND/USDC, SAND/USDT, SC/BTC, SC/USDT, SD/USDT, SFG/USDT, SHIB/BTC, SHIB/USDC, SHIB/USDT, SIS/USDT, SKEB/USDC, SKEB/USDT, SKL/USDT, SLP/USDC, SLP/USDT, SNT/BTC, SNT/USDT, SNX/ETH, SNX/USDC, SNX/USDT, SOC/USDC, SOC/USDT, SOL/BTC, SOL/ETH, SOL/USDC, SOL/USDT, SOS/USDC, SOS/USDT, SPELL/USDT, SRM/BTC, SRM/USDC, SRM/USDT, STARL/USDC, STARL/USDT, STC/USDC, STC/USDT, STORJ/USDT, STRK/USDT, STX/BTC, STX/USDT, SUN/USDT, SUSHI/ETH, SUSHI/USDC, SUSHI/USDT, SWEAT/USDT, SWFTC/BTC, SWFTC/ETH, SWFTC/USDC, SWFTC/USDT, SWRV/USDT, T/USDT, TAI/USDT, TAMA/BTC, TAMA/USDC, TAMA/USDT, TCT/USDT, THETA/BTC, THETA/USDC, THETA/USDC, THETA/USDT, THG/USDT, TON/USDC, TON/USDC, TON/USDT, TOPC/USDT, TOWN/USDT, TRA/USDT, TRADE/USDT, TRB/USDC, TRB/USDC, TRB/USDT, TRUE/BTC, TRUE/USDT, TRX/BTC, TRX/ETH, TRX/USDC, TRX/USDT, TUP/USDT, UMA/USDT, UMEE/USDT, UNI/BTC, UNI/ETH, UNI/USDC, UNI/USDT, USDC/USDT, USDT/USDK, USTC/USDC, USTC/USDT, UTK/USDT, VALUE/USDT, VELO/USDT, VRA/USDC, VRA/USDT, VSYS/BTC, VSYS/USDT, WAVES/USDC, WAVES/USDT, WAXP/USDT, WBTC/BTC, WBTC/ETH, WEMIX/USDT, WGRT/USDT, WIN/USDT, WING/USDT, WNCG/USDT, WOO/USDT, WSB/USDT, WTBC/USDT, WXT/USDT, WXT/USDT, XAUT/USDT, XCH/BTC, XCH/USDT, XEM/BTC, XEM/USDC, XEM/USDT, XETA/USDT, XHC/USDC, XLM/BTC, XLM/ETH, XLM/USDC, XLM/USDT, XMR/BTC, XMR/ETH, XMR/USDC, XMR/USDT, XNO/USDC, XNO/USDT, XPR/USDT, XRP/BTC, XRP/ETH, XRP/USDC, XTC/USDC, XTZ/BTC, XTZ/USDT, YEE/USDT, YFI/BTC, YFI/ETH, YFI/USDC, YFII/USDC, YFII/USDT, YGG/USDC, YGG/USDT, YOU/BTC, YOU/USDT, YOYO/USDT, ZBC/USDT, ZEC/ETH, ZEC/USDC, ZEC/USDT, ZEN/BTC, ZEN/USDT, ZIL/BTC, ZIL/USDC, ZIL/USDT, ZKS/USDT, ZRX/BTC, ZRX/USDT, ZYRO/USDT

TURBO/USDT.Crypto

Screenshots from OKX

Related coin? Learn more about OKB

The OKB is the coin that is used on OKX, so it's worth reading more about it on our review page.

›› Read our full OKB review here

Discover more about the OKX exchange's native utility token and get the latest updates.

Related blockchain? Learn more about OKC Blockchain

OKC Blockchain is the blockchain that OKX relates to, so it's worth reading more about it below.

The OKX Chain aka OKC blockchain was an initiative that started in 2013, so it's soon time for them to celebrate a ten year jubilee. However, for mainnet OCC didn't go live until end of 2020. Since then, this blockchain has continued to expand its operations and now serves users in 100+ countries...

›› Read our full OKC Blockchain review here

OKC is a layer 1 blockchain built on Cosmos, that is EVM and IBC compatible.

Read the OKX Terms and Conditions here.
OKX Review Published: Tuesday, 22 Nov 2022 10:13 am
Last Updated: Thursday, 31 Oct 2024 10:18 am