Our Review
OKX offers 350+ coins, 0.08%/0.10% maker taker fees, and is a top 15 exchange in the world for total trading volume. It's a great platform if you want advanced trading, lots of features overall and low crypto withdrawal fees.
Where It Shines:
Where It Falls Short:
Overview
Coins Offered | 350+ |
Total BTC Purchase Fee | [coming soon] |
Total BTC Selling Fee | [coming soon] |
BTC Spread | [coming soon] |
Trading Fee | 0.08% Maker 0.10% Taker |
Fiat Wallets | Not Supported However, 30+ currencies are supported for instant purchase |
BTC Withdrawal Fee | 0.0002 BTC |
Notable Features | Low trading fees, great U/X, lots of advanced features, high trading volume |
Supported Countries | 100+ |
About OKX
OKX (formerly OKEx) is a Malta and Seychelles-based cryptocurrency exchange founded in 2017. According to CoinMarketCap data, it currently ranks top 15 in the world by trading volume. They have 20+ million users in 200+ countries and their Google Play app has at least 1 million downloads.
On their platform, you'll find 260+ cryptocurrencies, spot trading, derivatives trading, staking features and more. Similar to Binance, OKX also has their own native utility token called OKB which gives you discounts on trading fees and other perks.
Some Stats:
- Founded in 2017
- 20+ million users
- Offices in Malta and Seychelles
- Supported in 200+ countries
Fees & Spread
Price Test & Spread
Price Test (coming soon) | Prices |
---|---|
Total BTC Purchase Fee | 0.00% |
Total BTC Selling Fee | 0.00% |
Trading Fee | 0.08% Maker 0.10% Taker |
BTC Spread | 0.00% |
BTC Buy Price | $00,000 |
BTC Sell Price | $00,000 |
Ref. Price Difference | Buy: Sell: |
Reference Price (Google) | $00,000 |
We tested 20 cryptocurrency exchanges at the same time to compare the true fees. This data was collected on Mar 2, 2022 at 4:41pm and is subject to change since spreads and prices change daily.
- *Total BTC Purchase Fee = Trading Fee + Buy Reference Price Difference
- *Total BTC Selling Fee = Trading Fee + Sell Reference Price Difference
Keep in mind, there could be additional fees for depositing/withdrawing fiat. Check fees for your local fiat currency if it is supported on this exchange.
You can compare all platforms tested on this page.
Trading Fee Discounts
Deposit & Withdrawals
Fiat Currencies
Fiat Wallets (Deposit/Withdrawals supported) | 0 (Not Supported) |
Credit/Debit Card | Yes (30+ currencies supported) |
P2P Exchange | Yes |
Crypto Withdrawal Fees
Type | Fee | Minimum Withdrawal |
---|---|---|
Bitcoin | 0.0002 BTC | 0.001 BTC |
Ethereum | 0.0016 ETH | 0.01 ETH |
USDT | 9.79 USDT (ERC-20) | 2 USDT |
XLM | 0.016 XLM | 21 XLM |
What We Found
OKX does not have any fiat trading pairs or fiat wallets. However, you can make instant fiat-crypto purchases with over 30 currencies. For each currency, they offer a variety of local payment methods like bank transfer, Alipay, PayPal, debit cards, SEPA transfers and more.
For cashing out fiat, only about half of the currencies are available. We recommend looking up your local currency on the buy/sell crypto page to see if OKX is a good fit for you.
Platform & Features
Overall, OKX offers a wide range of features and services to explore.
List of Features:
- iOS, Android and Web app
- 350+ Cryptocurrencies
- Instant Buy and Sell
- Advanced Trading
- Margin
- Trading Bot
- OKX Earn
- Loan
- Jumpstart
- OKX
- MetaX (DeFi)
- Mining Pool
- OKC Chain
- And More
1. iOS, Android and Web App
2. Trading Interface
- Convert - "Quick conversion, no fees, no spreads"
- Spot Trading
- Margin
- P2P Exchange
- Trading Bot
- No fiat trading pairs (only fiat-crypto instant purchases)
3. Advanced Trading
4. Trading Bot
5. Earn
6. Loan
7. Jumpstart
8. OKB (native token)
9. MetaX (DeFi)
10. Mining Pool
11. OKC Chain
12. Other OKX Features
- OKCoin (their U.S. focused and beginner-friendly platform)
- DOT Slot Auction
- Rewards
- Referral/Affiliate Program
- OKX Broker
- OKX Bridge
- API Keys Management
- Create Sub Accounts
Security
Past Hacks & Incidents
In 2020, OKX suspended withdrawals for 6 weeks because they lost communication with one of their private key holders. Users were outraged but fortunately, it was a temporary issue and no funds were stolen.
To make it right, OKX shared 20% of their transaction fees from that 6 week period with its users.
Company Security Features
- 95% of funds are held in offline storage
- Access to their cold wallets requires at least two authorized personnel
- Private keys are backed up and stored in bank vaults in different regions
- Systems are scanning 24/7 for suspicious deposits and withdrawals
- They have various contingency plans and emergency scenarios planned
- See more here
User Security Features
- 2 Factor Authentication (for logins and withdrawals via SMS or App)
- Receive email withdrawal notifications
- Biometric login (eg. Touch ID)
- View login history and activity
- Anti-phishing code for emails
- Add/remove trusted devices
- View website status for incidents
Can You Trust Them?
OKX is considered a safe crypto exchange. They have 2FA, hold 95% of funds in offline storage and it's one of the top 20 largest platforms in the world. They've also never lost users funds (founded in 2017).
⚠️ Although this platform is safe, over 50% of platforms we tested have had hacks or incidents in the past. We strongly recommend storing and protecting your crypto on a non-custodial wallet where you own the private keys. Preferably, a reputable hardware wallet like the Ledger Nano X.
Customer Support
OKX offers 24/7 customer support which can be accessed via live chat on the website or in the app. They also have a knowledge centre answering common FAQs and you can view the live website status.
Compared
Compare the world's most popular cryptocurrency exchanges:
Name | Coins | # of Features | Standard Trading Fee | Supported Countries | Fiat Wallets? | BTC Withdrawal Fee | Website |
---|---|---|---|---|---|---|---|
240+ | 15+ | 0.10% | 190+ | No | 0.0005 BTC | ||
Binance 🏆(#1 overall) | 600+ | 30+ | 0.10% | 100+ | Yes | 0.0005 BTC | |
150+ | 15+ | 0.20% | ? | Yes | 0.0004 BTC | ||
750+ | 10+ | 0.25% | 180+ | No | 0.0005 BTC | ||
50+ | 5+ | 0.50% | ? | Yes | 0.0005 BTC | ||
300+ | 5+ | 0.75% | 100+ | Yes | 0.0003 BTC | ||
140+ | 15+ | 0.10% | 180+ | No | 0.0005 BTC | ||
170+ | 10+ | 3.99% | 100+ | Yes | Dynamic | ||
110+ | 5+ | 0.60% | 100+ | Yes | Dynamic | ||
30+ | 10+ | 0.10% | 150+ | Yes | 0.15% | ||
250+ | 20+ | 0.40% | 90+ | Yes | 0.0006 BTC | ||
40+ | 10+ | 0% | 50+ | Yes | 0.50% | ||
1400+ | 30+ | 0.195% | 190+ | No | 0.001 BTC | ||
60+ | 15+ | 1.49%+ | 60+ | Yes | 0.001 BTC | ||
60+ | 10+ | 0% | 100+ | Yes | 0.0005 BTC | ||
500+ | 20+ | 0.20% | 130+ | Yes | 0.0005 BTC | ||
190+ | 10+ | 0.26% | 190+ | 0.00002 BTC | |||
700+ | 20+ | 0.10% | 190+ | No | 0.0005 BTC | ||
350+ | 25+ | 0.10% | 100+ | No | 0.0002 BTC* | ||
300+ | 10+ | 0.155% | 100+ | No | 0.0005 BTC | ||
130+ | 10+ | 0% | 180+ | Yes | 0.0003 BTC + $2.99 |
OKX
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