Overview of OKX
OKX, launched by Star Xu in 2017, has rapidly grown into one of the world's leading crypto exchanges, serving over 50 million users by 2025. Headquartered in Seychelles, OKX specializes in derivatives trading, making it a top choice for leveraged trading. But what else does OKX offer, and is its platform truly reliable?
This comprehensive OKX review covers everything you need to know.
OKX Pros and Cons
| ✅ Pros | ❌ Cons |
|---|---|
| Top-tier derivatives trading | Not available in the U.S. |
| Up to 125x leverage | Limited fiat support |
| Low trading fees | Supports only 300+ cryptos |
| Deep liquidity | |
| 24/7 live chat support |
OKX Products and Services
OKX offers a vast ecosystem for crypto traders:
- Spot & Futures Trading: 320+ assets with ultra-fast order execution.
- Perpetual Contracts: Leverage up to 125x on BTC, ETH, and more.
- Copy Trading: Mirror trades of experienced traders.
- Passive Income: Staking, liquidity pools, and affiliate programs (earn 50% commission).
- Fiat Onboarding: Supports 20+ fiat currencies via credit/debit cards, bank transfers, and P2P trading.
Key Trading Features
1. Spot Trading
- Trade 300+ cryptocurrencies with TradingView-integrated charts.
- User-friendly interface, though beginners may find the dashboard information-rich.
2. Futures Trading
- 210+ crypto futures contracts with 125x leverage.
- Daily derivatives volume exceeds $12 billion (per CoinMarketCap).
3. Copy Trading
- Automatically replicate top traders’ strategies.
- Note: Diversify to mitigate risks.
4. Options Trading
- Rare feature: Trade BTC/ETH options (since 2025).
OKX Fees and Costs
| Fee Type | Maker | Taker |
|--------------------|----------|----------|
| Spot Trading | 0.08% | 0.1% |
| Futures Trading | 0.02% | 0.05% |
- Discounts: Hold OKB tokens for reduced fees. VIP tiers lower fees further (e.g., -0.005% for makers at VIP 8).
Deposits and Withdrawals
- Crypto Deposits: Free via multiple networks (ERC-20, BEP-20, etc.).
- Fiat Deposits: 1–3% fees (cards/bank transfers). No fiat withdrawals.
- Withdrawal Fees: Dynamic; TRC-20/BEP-20 cost ~$1 per transaction.
Customer Support & Security
- 24/7 Live Chat: Avg. response time: 3 minutes.
- Security: Cold storage (multisig), Proof of Reserves (100% backed).
- KYC Required: Mandatory ID verification for all users.
Final Verdict
OKX excels as a derivatives powerhouse with low fees, deep liquidity, and robust tools. While U.S. users are excluded, its global offering suits active traders.
FAQs
1. Is OKX legit?
Yes, with 50M+ users and strong security measures.
2. Does OKX require KYC?
Yes—full ID verification is mandatory.
3. Is OKX available in the U.S.?
No, due to regulatory restrictions.
4. What are OKX’s fees?
- Spot: 0.08% (maker) / 0.1% (taker).
- Futures: 0.02% (maker) / 0.05% (taker).
- Discounts via OKB token holdings.