Overview
OKX is a leading global cryptocurrency exchange founded in 2013, now headquartered in Singapore. With a robust security framework, diverse product offerings, and a user base exceeding 50 million, OKX consistently ranks among the top three exchanges by trading volume on CoinMarketCap and CoinGecko.
Key Advantages
- Security: Multi-signature cold wallets, offline storage, and a SAFU fund.
- Regulatory Compliance: Licensed in multiple jurisdictions including Dubai, Australia, and Singapore.
- Product Diversity: Spot trading, derivatives, Web3 wallet, and C2C services.
Limitations
- No TWD support in C2C trading.
- Mandatory KYC for deposits/withdrawals.
Security & Asset Protection
OKX employs:
- Cold Wallets: Distributed multi-key storage with cross-border backups.
- Hot Wallets: Multi-signature authorization and real-time risk monitoring.
- SAFU Fund: Dedicated reserve covering potential security breaches.
- Proof of Reserves: Monthly audits with $28.1B in verified reserves (as of February 2025).
KYC Requirements
| Tier | Deposit/Withdrawal Limits | Trading Access |
|---------------|--------------------------|----------------|
| Basic ID | Disabled | Disabled |
| Verified | Unlimited | Enabled |
👉 Secure your account with OKX’s advanced KYC
Fee Structure
| Product | Maker Fee | Taker Fee |
|--------------|----------|----------|
| Spot Trading | 0.08% | 0.1% |
| Futures | 0.02% | 0.05% |
Withdrawal Fees:
- BTC: 0.00003 BTC
- ETH: 0.00003 ETH
- USDT: 0.1 USDT
Trading Products
1. Spot Trading
- Supports 100+ cryptocurrencies.
- Advanced orders: Stop-loss, trailing stops, grid trading.
2. Derivatives
- USDT/USDC/Coin-margined contracts.
- Leverage up to 100x on BTC/USDT.
3. OKX Jumpstart
- Stake BTC/ETH to earn new token airdrops.
- $6B+ total participation (as of August 2024).
4. Web3 Wallet
- Non-custodial, multi-chain support for DeFi/NFTs.
User Experience
Mobile App
- Ratings: 4.7 (App Store), 4.5 (Google Play).
- Features: Real-time trading, API integration, Apple Watch support.
Customer Support
- 24/7 live chat, Twitter (@OKXHelpDesk), and community forums.
FAQs
Q: Is OKX safe?
A: Yes, with cold storage, Proof of Reserves, and regulatory licenses.
Q: Does OKX support USD deposits?
A: Yes, via credit cards and bank transfers.
Q: How to reduce trading fees?
A: Hold OKB tokens or use referral code COINDADA for 20% discount.
Final Verdict
OKX excels in security, product depth, and global compliance, making it a top choice for both beginners and professional traders.
Get started: Sign up with 20% fee discount.