Welcome to OKX.com. By accessing or using the OKX Platform (including associated APIs and mobile applications), you ("User") agree to these Terms of Service ("Terms"). Please read them carefully.
1. Preamble
1.1 Agreement Overview
- By clicking "Create Account" or visiting the OKX Platform, you gain access to trading services via software, API, and other functionalities.
- Services are described in Clause 4. Defined terms are listed in Clause 23.
1.2 Binding Terms
- You are legally bound by these Terms and incorporated policies. If you disagree, do not use the Services.
1.3 Exchange Code of Conduct
- Users must comply with the Exchange Code of Conduct and acknowledge OKX’s disciplinary powers.
1.4 Amendments
- OKX reserves the right to modify Terms at any time. Continued use constitutes acceptance.
2. Eligibility & Prohibitions
2.1 Requirements
- Natural Persons: Must be ≥18 years old.
- Entities: Must be duly organized and authorized.
- Prohibited Jurisdictions: Includes Hong Kong, Belgium, Cuba, Iran, North Korea, and others listed in Clause 2.3.
2.2 Sanctions Compliance
- Users must not be on UAE terrorism lists or restricted by UAE authorities.
2.3 Restricted Locations
- Services are unavailable in jurisdictions like the USA, UK, Netherlands, and others.
3. Prohibited Businesses
OKX prohibits use of its Services for:
- Unlicensed financial services (e.g., money transmission).
- Adult content, gambling, or illegal goods.
- Fraud, money laundering, or terrorist financing.
- Market manipulation (e.g., wash trading, insider trading).
👉 View full list of prohibited activities
4. Services Description
4.1 Trading Platform
Users trade Digital Assets (e.g., cryptocurrencies) via:
- Fiat-to-Crypto
- Crypto-to-Crypto
- Spot Trading (order-matching engine).
4.2 Additional Services
- Margin Trading: Leveraged positions.
- Staking: Earn rewards by locking assets.
- Delisting: OKX may delist assets at its discretion.
4.3 Risks
- Volatility, liquidity risks, and technology failures may impact trades.
5. Account Management
5.1 Obligations
- Users must provide accurate KYC details.
- Security: Safeguard passwords; OKX will never request private keys.
5.2 Suspension/Termination
Accounts may be frozen for:
- Suspicious activity.
- Violations of Terms or laws.
5.3 Unclaimed Property
- Inactive accounts (>6 years) may be reported as unclaimed property.
6. Risk Disclosure
6.1 Key Risks
- Market Volatility: Prices can fluctuate drastically.
- Regulatory Changes: Legal status may impact asset value.
- Technology Failures: Hacks, forks, or network issues may cause losses.
6.2 Insurance Fund
- Covers losses during extreme volatility but offers no guarantees.
7. Fees & Compliance
7.1 Fee Structure
- Trading fees vary by asset and service.
- Updates are posted at: OKX Fee Schedule.
7.2 Tax Responsibility
- Users must comply with local tax laws.
8. Governing Law & Disputes
8.1 Jurisdiction
- Disputes resolved under English law.
8.2 Arbitration
- Claims ≥AED 500,000 go to Dubai International Arbitration Centre (DIAC).
9. FAQs
Q: How do I recover a lost password?
A: Reset via email/SMS verification.
Q: Can OKX freeze my assets?
A: Yes, for suspected fraud or legal compliance.
Q: Are my funds insured?
A: Only partial protection via the Insurance Fund.
10. Updates & Contact
- Amendments: 30-day notice for changes.
- Complaints: Contact support at Support Center.
By using OKX, you acknowledge all risks and agree to these Terms.
Last updated: [Current Date]