Last Updated: May 20, 2025
This Risk Disclosure and Regulatory Compliance Statement should be read alongside OKX’s Terms of Service (the "Terms"). All capitalized English terms (enclosed in « » in Arabic) carry the same meanings as defined in the "Terms," unless explicitly stated otherwise. Our goal is to ensure you understand the inherent risks and regulatory compliance matters when trading on the OKX Platform.
1. Program Objectives
We’ve established an Anti-Money Laundering/Counter-Terrorism Financing/Sanctions (AML/CTF/Sanctions) Program to maintain a trustworthy digital asset trading platform compliant with global laws and regulations. This program supports lawful, transparent business activities and upholds our reputation among clients, regulators, and the broader digital asset industry.
2. Our Role & Services
OKX Platform is a global digital asset exchange facilitating peer-to-peer trading by matching buyers and sellers (e.g., market makers and takers). While most transactions are user-matched, OKX or related parties may act as counterparties in specific cases (as outlined in the "Terms"). Services are operated by OKX.
👉 Risk Disclosure: Trading carries significant risks. Losses from holding or trading digital assets can be substantial. Assess your financial situation carefully before trading.
3. Regulatory Landscape
Regulatory approaches to digital assets vary: some classify them as convertible virtual currencies (e.g., U.S. FinCEN) or virtual commodities (e.g., Hong Kong). OKX treats all listed digital assets as alternative investments, not currencies.
Key Disclosures:
- Digital assets are not cash or legal tender.
- They lack government/central bank backing.
- OKX complies with local laws in all operational jurisdictions and engages regulators to shape industry standards.
Restricted Jurisdictions:
OKX restricts services in:
- Prohibited Locations: Afghanistan, Cuba, North Korea, Iran, Syria, Crimea, and others.
- Partial Restrictions: Australia (derivatives), Brazil (P2P trading), UK (leveraged products), and more.
4. AML/CTF Program
Our multi-tiered compliance system includes:
- Customer Identification: Verification for individuals/entities, including beneficial ownership checks (aligned with FATF standards).
- Risk-Based Due Diligence: Screening against sanctions lists (e.g., OFAC, UN Security Council).
- Continuous Monitoring: Reporting suspicious activities to regulators.
Training and leadership ensure program effectiveness, fostering a culture of compliance.
5. Specific Risks & Disclosures
5.1 Foreign Exchange (FX) Risks
Currency conversions for card payments may encounter system errors, potentially resulting in USD/USDT refunds differing from your local currency amount. You bear all associated risks.
5.2 Singapore User Disclosures
OKX Singapore users must review Singapore-Specific Risk Disclosures before using Digital Payment Token (DPT) services.
6. Fees
6.1 Trading Fees
- Based on 30-day trading volume (converted to USD).
- Fees are deducted in the purchased asset (e.g., BTC for BTC/USD trades).
- Rebates are paid in the sold asset (e.g., USD for BTC/USD).
6.2 Additional Costs
- Deposit/withdrawal fees vary by payment method.
- Credit/debit card transactions (Visa only) incur processing fees.
6.3 Regional Pricing
Fees may adjust based on user residency or geographic location at time of use.
7. Contact
For compliance queries or client due diligence:
- 24/7 support via Help Center chat or email.
For law enforcement requests, review our Legal Request Guide.
8. Version Control
In case of discrepancies between translations, the English version prevails.
FAQs
Q1: Is OKX available in the U.S.?
A: OKX restricts services in certain U.S. territories (e.g., Puerto Rico) but complies with local regulations where permitted.
Q2: How does OKX prevent illegal activities?
A: We use AML screening, transaction monitoring, and mandatory KYC to deter misuse.
Q3: Are digital assets on OKX insured?
A: No. Digital assets lack traditional insurance; users assume custody risks.
Q4: Can I trade anonymously on OKX?
A: No. Full KYC verification is required for all users.
Q5: How are trading fees calculated?
A: Fees tier by 30-day volume. High-volume traders receive discounts.
Q6: What if I encounter a transaction error?
A: Contact support immediately with transaction details for resolution.
👉 Explore OKX’s Trading Platform for secure, compliant digital asset trading.