OKX is a globally recognized cryptocurrency exchange known for its low fees and innovative Web3 features. While unavailable to US-based users, it remains a trusted platform for trading, staking, and managing a diverse portfolio of cryptocurrencies, including NFTs. This review explores its features, fees, pros, and cons.
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| Feature | Details |
|---|---|
| 🌐 Website | okx.com |
| 📅 Founded | 2017 |
| 💰 Primary Token | OKB |
| 📈 Listed Cryptos | 350+ |
| 💱 Trading Pairs | 500+ |
| 💵 Supported FIAT | 94 currencies |
| 🔒 Security | 2FA, Cold Storage, PoR |
Overview of OKX
OKX is a comprehensive crypto exchange enabling users to buy, sell, and trade digital assets. Key offerings include:
- Multiple Purchase Options: Credit/debit cards, P2P trading, and third-party providers (e.g., Banxa, MoonPay).
- Passive Income: Staking, savings, and DeFi integrations.
- Advanced Trading: Spot, margin, futures, and options.
Brief History
Founded by Star Xu in 2017, OKX evolved from OKCoin (2013). Headquartered in Malta, it operates under Malta Financial Services Authority (MFSA) regulations. Despite past controversies, OKX has strengthened its security and compliance.
Account Setup
- Sign Up: Visit OKX and complete registration.
- KYC Verification: Submit ID/personal details.
- Deposit Funds: Via crypto transfer or fiat purchase.
👉 Start trading with OKX’s low fees.
Funding Methods
- Crypto Purchase: Credit/debit cards, P2P, or third-party gateways.
- Crypto Transfers: Deposit from external wallets.
Security Measures
- Proof of Reserves (PoR): 1:1 asset backing.
- Regulatory Compliance: MFSA-regulated.
- Encryption: Bank-grade SSL.
Fee Structure
| Tier | Maker Fee | Taker Fee |
|---|---|---|
| Basic | 0.08% | 0.10% |
| VIP | Discounts (volume-based) |
- Withdrawal Fees: 0.0005 BTC (Bitcoin).
Available Cryptocurrencies
Supports 350+ assets, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Cardano (ADA)
Key Features
- Copy Trading: Mirror expert traders.
- Earn Programs: Staking, savings, DeFi.
- Web3 Wallet: Non-custodial multichain wallet.
- Demo Trading: Risk-free practice.
Trading Platforms
- Web/Desktop: Advanced charts, bots.
- Mobile App: iOS/Android.
Reputation & Alternatives
- Trustpilot: 3.3/5 (450+ reviews).
- Alternatives: Binance, KuCoin.
Pros & Cons
| Pros | Cons |
|---|---|
| Low fees | No US access |
| Diverse crypto options | Complex UI for beginners |
| Strong security | Past security incidents |
Final Verdict
OKX scores 60/100 on our evaluation, offering robust features for intermediate/advanced traders. Its regulatory compliance and low fees make it a viable choice, though beginners may find the platform overwhelming.
👉 Join OKX now for a seamless trading experience.
FAQ
Is OKX safe?
Yes, with PoR, 2FA, and MFSA regulation.
What’s OKX’s giveaway?
A promotional campaign offering BTC prizes.
What is OKX?
A Malta-based crypto exchange founded in 2017.