OKX stands as one of the oldest and most trusted cryptocurrency trading platforms, ranking among the top 20 digital trading platforms by daily trading volume. With an impressive daily trading volume exceeding $18 billion, OKX offers a robust ecosystem for both novice and advanced traders.
What is OKX?
Founded in 2017 by Star Xu, OKX is headquartered in Seychelles and operates in over 200 countries (excluding the U.S.). The platform boasts a diverse portfolio of services, supported by investors like VenturesLab, Ceyuan Ventures, and Longling Capital.
Key highlights:
- OKB Utility Token: Launched in 2018, OKB reduces trading fees and grants access to premium services.
- Trading Products: Spot trading, margin trading, perpetual swaps, options, and futures.
- Demo Account: Practice trading risk-free with virtual funds.
- DeFi & NFTs: Access decentralized finance, NFT marketplaces, and MetaX’s ecosystem.
OKX Rebrand (2022)
In January 2022, OKEx rebranded to OKX to reflect its evolution into a broader financial services platform. CEO Jay Hao emphasized:
“OKX transcends the traditional centralized exchange model to deliver a holistic crypto experience.”
Supported Cryptocurrencies
OKX supports 320+ cryptocurrencies and 400+ trading pairs, including:
- BTC, USDT, ETH, DAI, and OKB.
- No fiat markets (USD/EUR/GBP), but offers direct crypto purchases via 17 payment methods (Apple Pay, Visa, MasterCard, bank transfers).
Deposit Methods
- Zero deposit fees for crypto transfers.
- FIAT-to-Crypto: Buy crypto using GBP, USD, EUR, etc.
OKX Fee Structure
Fees vary based on:
- Trading pair, OKB holdings, 30-day trading volume, and market maker/taker status.
| User Type | Fee Rate | Conditions |
|---------------------|----------------|--------------------------|
| Regular Users | 0.1% (Taker) | Based on OKB holdings |
| VIP Users | 0.06% | >$10M monthly volume |
| Withdrawal Fees | Variable | E.g., 0.0002 BTC for BTC |
Note: Withdrawal fees are lower than competitors like Coinbase and Kraken.
OKX Features
Exchange Services
- Spot & Margin Trading
- Earn: Fixed/flexible-term deposits for interest.
- JumpStart: Token launchpad.
- Learning Hub: Tutorials, market insights.
MetaX Ecosystem
- Multi-Chain Wallet (OEC, Ethereum, BSC, Polygon, etc.).
- NFT Marketplace.
- DApp Access.
Security Measures
- No history of hacks.
- October 2020 Incident: Temporary withdrawal suspension due to CEO detention; resolved without fund losses.
Referral Program
New users receive a $10 Bitcoin bonus upon sign-up.
Final Verdict
OKX combines low fees, extensive market options, and strong security, making it a top choice despite past operational hurdles.
FAQ Section
1. Is OKX available in the U.S.?
No, OKX restricts services in the U.S. due to regulatory compliance.
2. How do I reduce trading fees on OKX?
Hold OKB tokens or achieve VIP status via high trading volumes.
3. What chains does MetaX Wallet support?
Ethereum, BSC, Polygon, Fantom, OEC, and HECO.
4. Are there deposit fees?
No, but withdrawal fees apply (e.g., 0.0002 BTC for Bitcoin).
5. Can I trade NFTs on OKX?
Yes, via the integrated NFT marketplace.
👉 Explore OKX’s advanced trading tools
Disclaimer: This review is for informational purposes only and does not constitute financial advice.