What is OKX? Which country does the OKX exchange belong to, and is it trustworthy? If you're passionate about exploring the digital financial market, don't miss this insightful overview of this captivating platform. Let's dive into the noteworthy details about the project and a step-by-step guide on using OKX!
1. What is OKX Exchange?
OKX (formerly OKEx) is a major cryptocurrency exchange providing global traders with blockchain-based financial services. Founded in 2014 and headquartered in Hong Kong—a hub for crypto exchanges and projects—OKX has secured millions in investments from venture capital firms, including Ventures Lab, Giant Network Group, and Longling Capital.
Initially launched by OKCoin.com, a Bitcoin giant (similar to Coinbase’s GDAX), OKX transitioned its operations on May 30, 2017, inheriting OKCoin’s interface and technology.
👉 Discover how OKX compares to other top exchanges
Key Features:
- Supports 500+ cryptocurrencies and tokens.
- Offers spot trading, futures, margin trading (up to 20x leverage), and options.
- Low fees (0.02% for makers/takers).
- High liquidity (ranked #2 by 24-hour trading volume on CoinMarketCap).
- Fiat gateways (credit cards, Google Pay, bank transfers).
- Multi-platform access (Web, Mobile App, API).
2. Supported Cryptocurrencies
OKX lists 300+ tokens across 500+ trading pairs, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Solana (SOL)
- Polkadot (DOT)
- Shiba Inu (SHIB)
Newer tokens like WAXP, UMEE, and MAGIC are also supported.
3. Geographic Availability
OKX serves users in 180+ countries but restricts access in:
- USA, Hong Kong, Cuba, Iran, and other jurisdictions with crypto bans.
4. Pros and Cons
| Pros | Cons |
|----------|----------|
| High liquidity | Supports low-liquidity tokens |
| Low trading fees | Limited in regulated markets |
| 10+ languages (incl. Vietnamese) | |
| Advanced security (2FA, SMS verification) | |
5. Fee Structure
Trading Fees:
- Regular users: 0.08% (Maker) / 0.10% (Taker).
- VIP tiers (volume-based discounts available).
- Withdrawal Fees: Fixed rates per token (e.g., BTC: 0.0005 BTC).
6. How to Register on OKX
Step-by-Step Guide:
- Visit OKX Website → Click "Sign Up".
- Enter email, password, and verification code.
- Complete KYC (ID verification) under Settings → Account Verification.
- Enable Google Authenticator for 2FA (Security → Google Authenticator).
7. Depositing/Withdrawing Funds
Deposit:
- Navigate to Assets → Deposit.
- Select token/network → Transfer funds to the provided wallet address.
Withdraw:
- Go to Assets → Withdraw.
- Enter amount/destination address → Confirm via 2FA.
8. Spot Trading Tutorial
- Transfer funds from "Funding Account" to "Trading Account" (Assets → Transfer).
- On Trade → Basic Trading, select a pair (e.g., BTC/USDT).
- Place limit/market orders with optional stop-loss/take-profit.
9. FAQ
Q1: Is OKX safe?
A: Yes, with measures like cold storage, 2FA, and regular audits.
Q2: What’s the minimum trade amount?
A: Varies by token (e.g., 0.0001 BTC for Bitcoin).
Q3: Can I use OKX in the US?
A: No, due to regulatory restrictions.
Q4: How to reduce fees?
A: Hold OKB tokens or increase trading volume for VIP tiers.
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