OKX Review 2025: Fees, Features & Details

Founded in 2017 by Mingxing “Star” Xu, OKX has become a significant player in the cryptocurrency industry. Initially based in Beijing, the company relocated to Seychelles and operated additional offices in Hong Kong, Singapore, the UAE, and the Bahamas.

Renowned for its extensive DeFi products, OKX rebranded from OKEx in 2022 to expand its offerings. Despite mixed customer reviews and restricted access for U.S. investors, the exchange is known for its competitive fees, diverse features, and advanced trading options.

OKX offers substantial opportunities for seasoned traders, with high-interest staking and low fees that cater to various trading needs. Whether you’re an experienced crypto enthusiast or exploring new opportunities, this review will help determine if OKX aligns with your trading goals and risk tolerance.

Product Offerings: What Is OKX Exchange All About?

OKX offers a comprehensive suite of features catering to various trading needs, from spot trading to more advanced financial products like futures and staking.

Additionally, OKX provides an NFT marketplace for digital collectibles and art.

Futures

OKX provides extensive futures trading options, including perpetual and traditional futures contracts.

Perpetual contracts have no expiry dates, allowing you to hold positions indefinitely. Traditional futures contracts, on the other hand, come with fixed expiry dates.

You can access leverage up to 125x for specific futures contracts, enabling more significant market exposure.

Advanced tools and strategies can be employed to maximize gains. For instance, successful futures trading strategies often involve hedging against market movements and employing stop-loss mechanisms.

Spot

In spot trading, OKX offers over 350 spot currencies across multiple trading pairs, including popular pairs like BTC/USDT and ETH/USDT.

The user interface is designed to be intuitive, catering to both beginners and seasoned traders. Market, limit, and stop orders are readily available to facilitate effective trading.

Additionally, real-time charts and indicators provide the insights you need to make informed decisions.

Staking

OKX’s staking platform supports a range of proof-of-stake cryptocurrencies. High-interest staking opportunities are available, with some staking pools offering annual interest rates exceeding 100%.

Staking on OKX involves locking your cryptocurrency assets to support network operations and earning rewards.

Easy-to-use guides and dashboards help you understand potential returns and manage your staked assets effectively. This makes it possible for you to optimize your passive income streams.

NFTs

OKX includes an NFT marketplace that supports Ethereum, Solana, Binance Smart Chain, Polygon, and other blockchain networks. This allows you to trade, mint, and explore various NFTs.

You can browse collections from major marketplaces like OpenSea, ensuring access to highly sought-after digital collectibles and art.

The platform’s robust toolset makes it simple to mint new NFTs or buy existing ones, making it easy to participate in the growing NFT ecosystem.

 

OKX Supported Coin List

OKX supports over 300 cryptocurrencies, providing a wide variety that appeals to seasoned traders and newcomers.

Some of the significant coins you’ll find on OKX include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).

You’ll also find a range of stablecoins such as USDT, USDC, and DAI.

The platform is known for regularly adding new tokens, ensuring you have access to the latest and most popular cryptocurrencies.

Major Coins	Stablecoins	Other Supported Coins
Bitcoin (BTC)	Tether (USDT)	Numerous altcoins
Ethereum (ETH)	USD Coin (USDC)	DeFi tokens
Litecoin (LTC)	Dai (DAI)
Ripple (XRP)

Trading pairs on OKX are extensive.

You can trade assets like BTC, ETH, and USDT, among many others. Various trading options can meet most traders’ needs, from basic investing to complex trading strategies.

OKX offers a robust selection of coins and tokens compared to other margin trading cryptocurrency exchanges.

This coin diversity allows you to explore and invest in a wide range of assets, giving OKX an edge over many competitors.

OKX doesn’t just stick to the top 10 or 20 cryptocurrencies.

They regularly add new and popular tokens, staying current with market trends and providing more opportunities for diversification.

This commitment makes OKX a versatile exchange that fits your trading needs.

 

OKX Order Types

When trading on OKX, you can access various order types that help you execute your strategies effectively.

• Market Order: A market order buys or sells immediately at the current market price. Ideal for highly liquid markets.
• Limit Order: A limit order sets a specific price you wish to buy or sell. It offers you control over the execution price.
• Stop-Limit Order: A stop-limit order combines stop and limit orders. Once the stop price is reached, the limit order is activated.
• Take-Profit Order: A take-profit order automatically sells your asset once it reaches a predetermined price, locking in profits.
• Trailing Stop Order: A trailing stop order moves with the market price, allowing you to protect gains while still profiting from favorable market moves.

How to Place Orders

1. Select Order Type- Choose the order type that matches your trading strategy.
2. Enter Details- Fill in the price, amount, and other required fields.
3. Submit Order- Confirm and submit the order to the system.

Example Scenarios

• Market Order: You need immediate execution; use a market order to buy Bitcoin.
• Limit Order: Set an order to buy Ethereum at a lower price than the current market rate.
• Stop-Limit Order: Protect downside risk; place a stop-limit order to sell your assets if the price drops to a certain level.
• Take Profit Order: Set a take profit order to sell your holdings when your target price is reached.
• Trailing Stop Order: Use a trailing stop order to secure profits in a volatile market, allowing it to follow the upward movement while setting a stop at a certain distance below the current price.

 

OKX’s Liquidation Mechanism

Leverage allows you to boost your trading potential by borrowing funds.

However, it also increases the risk of liquidation. On OKX, liquidation is triggered when an asset’s marked price reaches the forced-liquidation price, and your margin falls below the required level.

This means your position is automatically closed to prevent Margin losses.

Risk Management Tools

Using stop-loss and take-profit orders is crucial for managing risk.

A stop-loss order automatically closes your position when the price hits a predetermined level, limiting potential loss.

Similarly, a take-profit order locks in profits by closing the position once a specific price is reached.

Example of a Liquidation Event

Scenario: Suppose you take a leveraged position on Bitcoin.

• Initial Margin: $10,000
• Leveraged Amount: $100,000 (10x leverage)
• Forced-Liquidation Price: $9,000

If Bitcoin drops to $9,000, the Margin position will be liquidated. OKX will sell your assets at the market price to cover the borrowed funds, minimizing further loss.

Key Terms

• Forced-liquidation Price: The price at which your assets are automatically sold.
• Bankruptcy Price: The price at which all your margin is lost.
• Entrusted Price of Liquidated Position: The market price at which your liquidated assets are sold.

Knowing Margin mechanisms and using risk management tools can help you navigate leveraged trading more safely.

 

OKX Trading Fees

OKX employs a maker-taker fee model for most of its trading activities. Trading fees start at 0.060% for both makers and takers.

For traders with higher trading volumes, these fees decrease. The platform uses a tiered fee structure based on your 30-day trading volume and OKX token holdings (OKB) holdings.

Here’s a simple table to summarize this:

Trading Volume (30 days)	Maker Fee	Taker Fee
< $5 million	0.060%	0.060%
> $5 million	Lower rates	Lower rates

If you hold OKB tokens, you can enjoy additional fee discounts.

Here’s an example for a high-volume trader:

Suppose you trade $10 million in 30 days and hold many OKB tokens. You could see your maker-taker fees reduced further, enhancing your overall trading efficiency.

OKX’s reduced fees are a significant draw for experienced and high-volume traders, helping you maximize profits and minimize costs.

 

OKX Funding Rates/Fees

OKX implements a structured fee system that’s essential for active traders.

Spot Trading Fees:

• Maker fee: 0.08%
• Taker fee: 0.1%

For higher tier levels, fees can decrease, rewarding higher trading volumes.

Futures Trading Fees:

• Maker fee: 0.02%
• Taker fee: 0.05%

Funding Rates for Perpetual Contracts: Funding rates are crucial in perpetual futures, keeping contracts tethered closely to index prices. Favorable funding rates mean long position holders pay shorts, while negative rates mean the opposite.

Calculating Funding Rates: Funding rates are derived from interest rate differentials and premiums/discounts between perpetual and spot prices. For instance, if the BTC funding rate is 0.01%, a $10,000 long position costs you $1 at settlement.

Impact on Trading Strategies: It would be best to consider funding rates when holding positions for extended periods. High favorable rates can increase costs for long positions, while negative rates might benefit long holders.

Staking and Savings: OKX also offers staking services with variable returns based on the asset, promoting passive income.

Understanding these aspects can help optimize trading strategies and balance fees with potential returns. You can make more informed and cost-effective decisions on OKX by gauging funding rates and trading fees.

 

OKX Deposit & Withdrawal Fees

OKX offers a straightforward fee structure for deposits and withdrawals.

Deposit Fees

• Crypto Deposits: You don’t pay platform fees when depositing cryptocurrency into your OKX account.
• Fiat Deposits: While OKX does not charge for fiat deposits, third-party payment methods such as banks or credit cards might impose fees. For example, deposits made via Visa or Mastercard typically incur a 2.49% fee.

Withdrawal Fees

Crypto Withdrawals: Withdrawal fees vary by blockchain. For instance, Bitcoin withdrawals through OKX have a flat fee of 0 BTC, while Ethereum withdrawals are charged at 0.01 ETH.

Cryptocurrency	Withdrawal Fee
Bitcoin (BTC)	0 BTC
Ethereum (ETH)	0.01 ETH
Others	0.1% of the amount

Fiat Withdrawals

Fiat withdrawals are supported in currencies, including USD, EUR, and GBP. The exact fee depends on the withdrawal method and currency.

Example Process

For a smooth experience, deposit speeds for cryptocurrencies can be almost instantaneous, depending on network congestion.

On the other hand, fiat deposits via bank transfer might take 1-3 business days.

Withdrawals follow a similar timeline, with crypto withdrawals often completing within minutes and fiat withdrawals varying based on the chosen method.

Whether dealing with traditional currency or digital assets, this structure gives you clarity and flexibility.

 

OKX Account Types & KYC Tiers & Limits

Account Types

OKX offers different account types to suit various needs:

1. Individual: Ideal for personal trading and investment. It is simple to set up with your email and mobile number.
2. Corporate: Tailored for businesses and institutions. Provides additional features like multiple user access and advanced trading tools.
3. Sub-accounts: Allows you to manage multiple trading strategies under one primary account. It is valuable for traders who want to separate their trading activities.

KYC Tiers & Limits

OKX has three KYC levels, each with increasing verification requirements and benefits.

1. Basic:
   • Requirements: Email and mobile verification.
   • Limits: Deposit and withdraw up to $1,000.
2. Intermediate:
   • Requirements: ID verification.
   • Limits: Unlimited deposits and daily withdrawal limit of $10,000,000.
3. Advanced:
   • Requirements: ID verification, proof of address, and a selfie.
   • Limits: Unlimited deposits and daily withdrawal limit of $100,000,000.

Benefits of Higher Verification Levels

Higher KYC levels have significant benefits, such as increased withdrawal limits and access to advanced trading features.

Completing these verifications can enhance your trading experience and unlock additional functions and services on the platform.

 

OKX Trading Platform & Tools

OKX offers advanced charting tools, allowing you to analyze market trends precisely. You can customize panels and configure tabs to create a personalized trading experience.

This flexibility ensures you can adjust the platform to suit your trading needs.

The platform includes trading bots to automate various strategies. These bots cover spot grids, futures grids, DCA (Dollar-Cost Averaging), and more.

Automation can help streamline your trading and execute strategies even when you’re not actively monitoring the market.

OKX also provides simple and complex trading tools. For example, the interface supports basic and advanced order types, enabling you to execute trades according to specific criteria.

Here’s a practical example of using these tools: If you’re analyzing Bitcoin, you might use the advanced charting tools to examine historical price trends and set up a futures grid trading bot to automate buying and selling within a defined price range.

Using these tools, you can perform in-depth market analysis, implement automated trading strategies, and customize the platform to fit your trading style. To learn more, check this quick OKX tutorial.

 

OKX Insurance Fund

The OKX Insurance Fund is designed to protect users’ assets against unexpected events. This fund acts as a safety net, ensuring financial security for traders on the platform.

OKX maintains this fund to cover potential losses from market anomalies, system failures, or security breaches.

Historically, the OKX Insurance Fund has proven its value. In instances where liquidations could lead to a shortfall, the fund has been deployed to cover these deficits.

This measure prevents users from bearing the brunt of large-scale liquidation impacts or other rare but critical failures.

The fund’s efficacy hinges on transparency and regular contributions from trading fees. By consistently adding to the fund, OKX ensures its readiness for future contingencies.

To give you a better idea, here’s a simple way to understand its use:

Example of Usage:

Date	Event	Fund Usage Description
15 Mar 2023	Market Crash	Covered user losses due to rapid market downturn
10 Jun 2022	System Glitch	Compensation for users affected by a temporary system malfunction
20 Nov 2021	Security Breach Compensation	Reimbursed users impacted by a security incident

By maintaining and utilizing the OKX Insurance Fund, the platform reinforces its commitment to user safety and asset protection. This proactive approach underscores why many traders trust OKX for their cryptocurrency activities.

 

OKX Deposit Methods

OKX supports a variety of deposit methods, offering you multiple options to fund your account.

You can choose from crypto deposits, fiat deposits via credit/debit card, Apple Pay, Google Pay, and bank transfers.

• Crypto Deposits: You can deposit over 300 supported cryptocurrencies. This is straightforward if you already own crypto and prefer a direct transfer.
• Fiat Deposits via Credit/Debit Card: OKX allows you to use Visa or Mastercard to buy cryptocurrencies directly. This method is convenient if you prefer using your credit/debit card.
• Apple Pay and Google Pay: For seamless and fast transactions, you can use Apple Pay or Google Pay. These methods are ideal for instant purchases with minimal friction.
• Bank Transfers: Some regions, like the UAE, support direct bank transfers. This method can be beneficial if you prefer transferring more significant amounts directly from your bank account.

Step-by-Step Guide: Depositing Funds

Crypto Deposits

1. Go to the Deposit section on OKX.
2. Select the cryptocurrency you wish to deposit.
3. Copy the wallet address provided or scan the QR code.
4. Complete the transfer from your external wallet.

Fiat via Card/Apple Pay/Google Pay

1. Navigate to the Buy Crypto section.
2. Choose your payment method (Credit/Debit card, Apple Pay, or Google Pay).
3. Select the amount and cryptocurrency you want to purchase.
4. Follow the prompts to complete the transaction.

Bank Transfers

1. Go to the Deposit section.
2. Choose Bank Transfer as your deposit method.
3. Follow the instructions to complete your bank transfer.

Example Scenarios

• Instant Purchase: Use a credit/debit card, Apple Pay, or Google Pay to buy crypto immediately and value convenience.
• Large Volume Transfers: Choose bank transfers if you’re dealing with more significant amounts and prefer direct transactions from your bank.
• Crypto Enthusiast: Select crypto deposits if you already hold various cryptocurrencies and want to transfer them directly to OKX.

 

OKX Security Features

OKX employs various state-of-the-art security measures to ensure the safety of your assets.

OKX significantly reduces the risk of online hacks by utilizing cold storage for most customer assets.

Two-factor authentication (2FA) is another essential feature. This additional layer of security requires you to verify your identity through a secondary device.

Regular security audits are conducted to identify and address vulnerabilities. These audits ensure that the platform remains compliant with industry standards.

Email verification is required for sensitive account actions. This adds another layer of protection by ensuring that changes to your account can only be made with access to your email.

In the past, OKX has participated in various security audits, receiving certifications that underscore its commitment to maintaining a secure trading environment.

Implementing these measures, OKX strives to provide a secure and reliable platform for cryptocurrency trading.

 

OKX Customer Support

OKX offers multiple support options to assist you efficiently. These include email, live chat, and a comprehensive FAQ section on their website.

You can send your inquiries or issues to the provided email address for email support. Response times can vary, with some users reporting prompt replies while others experience delays.

Live chat is another support channel available on the OKX platform. A chatbot can handle common queries, but complex issues may be escalated to a human representative. This provides an interactive way to get your problems resolved quickly.

The FAQ section is extensive and covers many topics and joint issues. It’s a valuable resource if you’re looking to find answers on your own without waiting for a response from support.

Example of Resolving a Typical Customer Issue

Imagine you’ve encountered a problem where your withdrawal request is not processing.

1. First, you check the comprehensive FAQ section and find an article explaining common withdrawal issues.
2. Second, you start a live chat session. The chatbot provides automated steps, but your issue remains unresolved.
3. Finally, the issue is escalated to a human representative requesting your transaction details. Within a few hours, you will receive an email confirming that the problem has been fixed and your withdrawal has been processed.

By offering multiple support channels, OKX aims to resolve issues swiftly, allowing you to focus on trading. If you need help, these resources are designed to provide solutions efficiently.

 

Is OKX A Legal & Safe Platform?

OKX is not currently available in the United States but is operational in many other countries worldwide.

The platform’s legal status varies depending on the region, and it’s essential to verify whether OKX complies with the local regulations in your country.

OKX has faced scrutiny in various jurisdictions.

It has taken steps to address regulatory concerns, such as enhancing its Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. These measures aim to bolster its compliance with legal standards.

Regulatory Status

Region	Status
United States	Not available
Europe	Approved in certain countries
Asia	Varies by country

User Trust Scores and Security Ratings

The security and trustworthiness of OKX are subjects of mixed reviews.

While many users praise the platform for its robust security measures, including two-factor authentication and cold storage, complaints about customer support and transparency exist.

• Positive Points:
  • Over 50 million global users
  • Strong encryption practices
  • Regular security audits
• Negative Points:
  • Reports of slow customer service
  • Mixed feedback on review sites

Example of Response to Regulatory Inquiries

In response to regulatory inquiries, OKX is willing to cooperate with authorities.

For example, the platform has enhanced its compliance programs and engaged in dialogues with regulators to ensure adherence to financial laws and regulations.

When considering the safety and legality of using OKX, researching and understanding the regulations in your specific location is crucial.

Conclusion

OKX offers low trading fees, no deposit fees, multiple payment methods, a wide selection of cryptocurrencies, and advanced trading options like futures and derivatives.

However, the interface can be complex for beginners, and some regions have limited fiat on-ramps.

Beginners should take the time to familiarize themselves with the platform’s features, while experienced traders will appreciate the advanced options and low fees.

OKX is a secure and reliable platform with robust compliance measures, making it a strong choice for novice and seasoned traders.

If you navigate its offerings effectively, you’ll likely have a positive experience on OKX.

Check how OKX stands up against its competition:

• OKX vs Bybit
• OKX vs KuCoin
• OKX vs BingX