OKX is a high cryptocurrency alternate previously known as OKex. It was based in 2017 to supply crypto buyers a user-friendly platform for purchasing, promoting, and buying and selling crypto belongings. OKX has a clear interface, supplies automated buying and selling instruments, and gives alternatives to earn passive earnings by means of varied crypto merchandise, making it a best choice for knowledgeable and new merchants.
OKX crypto alternate is taken into account protected to purchase and promote crypto in 2025 for newbies and grasp merchants. The buying and selling platform gives varied safety measures, like chilly storage, anti-phishing codes, and a danger defend to guard customers and digital belongings.
Along with security measures, this OKX overview will illuminate some primary details about OKX and supply info to reply the next questions: The place is OKX based mostly? What are OKX supported and restricted nations? What are OKX buying and selling charges?
Lastly, additionally, you will achieve insights into the perfect options of OKX’s crypto alternate, open a brand new account and commerce on OKX, and whether or not OKX is protected and bonafide for buying and selling crypto and Bitcoin in 2025.
OKX Overview: What’s It?
OKX is a cryptocurrency alternate that gives user-friendly buying and selling interfaces and choices, resembling spot, margin, and futures contracts. The platform additionally supplies superior instruments, resembling crypto buying and selling bots, block buying and selling, and a portal to the Web3 ecosystem.
OKX crypto alternate additionally runs its personal blockchain, the X-layer blockchain community, and a local token, OKB. This native token is used to pay buying and selling charges, reward buyers for holding OKB by means of OKX earn packages and grant customers entry to voting and governance on the buying and selling platform.
The alternate has many extra options, which we are going to talk about additional on this article. However earlier than we get into the total OKX crypto alternate overview, right here’s a abstract of primary details about all of the options and providers the OKX crypto platform gives.
ExchangeOKXFounded 2017HeadquartersSeychellesFounder Star XuOptionsSpot buying and selling
Derivatives (margin, futures, perpetual, and choices)
Automated buying and selling instruments (bots and replica buying and selling)
OKX Earn (staking, lending, and so forth.)
NFT market
Crypto borrowing
Supported Cryptocurrencies & Buying and selling Pairs350 cryptocurrencies and greater than 500 buying and selling pairs.Safety Measures OKX danger defend, chilly pockets storage, multi-factor authentication (MFA), and anti-phishing measures.Margin Buying and selling SureChargesLow charges. 0.08% maker and 0.10% taker charges.Buying and selling Choices Spot, futures, margin.Fee StrategiesVisa, financial institution switch, cryptocurrency, MasterCard, and Apple Pay.Geographic RestrictionsOKX isn’t supported within the following areas: the US, Belgium, France, Iran, Cuba, Bangladesh, North Korea, Bolivia, Malta, Crimea, and Syria.
The place is OKX Primarily based?
OKX relies in Seychelles, however its world presence extends far past that. As a supplier of crypto alternate and Web3 providers, OKX operates places of work in key areas worldwide, together with Hong Kong, Singapore, the UAE, Silicon Valley, and the Bahamas, guaranteeing complete assist for its customers worldwide.
What are OKX Supported Nations?
OKX helps cryptocurrency buying and selling in over 100 nations, together with South Africa, Singapore, Kenya, Australia, the Netherlands, Argentina, and Seychelles. Its broad attain ensures a seamless buying and selling expertise for customers throughout numerous areas worldwide.
Register on OKX in the present day and Get a 30% low cost on buying and selling charges and as much as USD 10,000 for brand new consumer rewards.
Is OKX Accessible in US?
No, OKX alternate isn’t out there within the US. Nevertheless, they provide Web3 providers to US customers.
What are OKX Restricted Nations?
OKX alternate has some partially restricted nations, whereas others are prohibited utterly. Customers in nations that aren’t totally restricted have restricted entry to the platform’s providers. A few of them embody:
Belgium, Japan, Malaysia, and Cuba: Customers in these areas are restricted from utilizing margin and derivatives-related providers, together with futures, perpetual, and choices buying and selling.Canada: Present customers can entry OKX, however new OKX account registrations will not be allowed on the time we write this overview.Hong Kong: The corporate’s derivatives providers are unavailable in Hong Kong.The UK, the Bahamas, and the Netherlands: These nations are prohibited from utilizing the platform’s derivatives-related providers.
Be aware: Potential customers from most of those nations can not presently register on OKX. Solely present merchants can use the permitted services and products on OKX.
OKX Utterly Restricted Nations
OKX crypto buying and selling alternate is unavailable to merchants in the USA and its territories, Belgium, France, Iran, Cuba, Bangladesh, North Korea, Bolivia, Malta, Crimea, Syria, Donetsk and Luhansk areas, and Eire.
The corporate may replace the record of restricted nations as laws in these areas evolve. In case you are excited by utilizing their providers, commonly examine for updates or, higher nonetheless, discover different alternate options.
What are OKX Buying and selling Charges?
OKX buying and selling charges are based mostly available on the market taker and maker mannequin like many different exchanges. OKX alternate has low buying and selling charges, beginning at 0.10% for takers and 0.08% for makers, and better VIP-level merchants can pay decrease charges than this normal.
The maker is the dealer who created a restrict order to promote their crypto. As a result of this order isn’t crammed instantly, some exchanges, together with OKX, cost them decrease charges as a result of they add liquidity to the platform. On the flip aspect, the taker picks up an present order or purchases the crypto the maker sells from the order e book. These merchants need their orders crammed instantly, thereby taking liquidity away from the platform.
For instance, if the present ETH lowest ask value is 2,700 USDT and also you create a maker order with a bid value of 2570 USDT, this order can’t be crammed instantly. OKX will enter it into the order e book till somebody (a taker) fills it.
Here’s a rundown of the charges for spot, futures, choices, and spreads buying and selling on the OKX crypto alternate.
1. Spot Buying and selling Charges
OKX expenses common customers 0.10% for takers and 0.08% for makers. The spot interface permits customers to purchase or promote crypto instantly or when the actual coin reaches a selected value, relying on whether or not they select a market or restrict order.
For the reason that platform makes use of a tiered ranking that is determined by merchants’ 30-day buying and selling quantity and the variety of OKB tokens the merchants maintain, transaction charges may be discounted to 0%.
Be aware: The above charges are for USDT pairs. OKX expenses much less charges for crypto, different stablecoins, and fiat pairs relying on customers’ 30-day buying and selling quantity.
2. Futures Buying and selling Charges
For futures contracts, OKX expenses;
Taker Price: 0.05% for non-VIP customers.Maker Price: 0.02% for non-VIP customers.
The charges are decrease for VIP customers, with VIP 1 customers paying 0.03% (taker) and 0.01% (maker) for futures. The picture under summarizes the charges for varied VIP ranges by buying and selling quantity or quantity of OKB token the consumer is holding.
3. Choices Buying and selling Charges
OKX transaction charges for choices begin at 0.02% for makers and 0.03% for takers, and the choices charges are calculated otherwise, though buying and selling quantity can also be an essential issue right here. OKX additionally expenses a compelled liquidation payment and an train payment, which isn’t relevant when you provoke a 1-day choices that doesn’t expire on Friday.
4. Spreads Buying and selling Charges
A 50% low cost applies to the usual payment price for all customers on unfold buying and selling charges. So, in case you are VIP 1 opening a BTC/USDT-margined perpetual unfold, the transaction payment can be 0.04% for makers and 0.05 for takers.
What are the Greatest Options of OKX Crypto Alternate?
The most effective options of OKX are the OKX buying and selling bot, OKX copy buying and selling, OKX pockets, and OKX cellular app. Right here’s a rundown of those options and the way they guarantee a easy buying and selling expertise for newbies and superior merchants alike.
OKX Buying and selling Bot
The buying and selling platform gives about 11 bots to assist customers automate their trades and earn even when they’re inactive. The grids embody spot and futures grid, futures DCA, sensible arbitrage, spot DCA (martingale), recurring purchase, sign bot, iceberg, TWAP, sensible portfolio, and arbitrage.
Here’s a breakdown of how a few of these bots assist you earn extra with out always monitoring your trades.
Spot Grid
The Spot grid mode splits your beginning funds between the 2 digital belongings of your chosen buying and selling pair, say BTC/USDT. The bot then creates a grid of value factors between the higher and decrease limits and divides your capital equally between the variety of grids used.
The bot routinely buys extra of the asset when the value drops to a decrease grid stage. Then, when the value rises to an higher grid stage, the spot grid bot routinely sells a number of the belongings.
Every time the value reaches the higher grid line, the bot routinely sells a portion of the asset and buys the traded asset when the value reaches the decrease grid line. You generate profits from the distinction between the costs at which the bot buys and sells.
Futures Grid
The futures grid goals to generate profits from value fluctuations inside a variety. OKX gives varied varieties of futures grid methods:
Lengthy Futures Grid: The bot buys futures on the present value and sells them when the value rises. This technique is greatest for markets which can be anticipated to go up however nonetheless have some volatility.Brief Futures Grid: The bot sells futures on the present value and buys them again when the value drops. This technique is greatest for markets that anticipate to go down however nonetheless have some volatility.Impartial Futures Grid: The bot trades in each instructions, shopping for when the value is low and promoting when it’s excessive, regardless of the market development.
The aim of the futures grid is to earn small earnings from every value motion, whether or not the market goes up or down or staying inside a variety.
Good Arbitrage
OKX sensible arbitrage helps merchants make regular earnings whereas decreasing the danger of value modifications out there. It makes use of a Delta-neutral technique, which suggests holding equal however reverse positions in two markets:
Shopping for a cryptocurrency within the spot market (lengthy place).Promoting the identical cryptocurrency within the perpetual swap market (brief place).
This bot helps stability features and losses, so value modifications have much less impression, and earnings come from funding charges earned in the course of the holding interval. There are two varieties of sensible arbitrage methods on OKX:
Customized Mode: You select your technique and set revenue targets.Good Mode: The system recommends the perfect technique and routinely manages profit-taking, stop-loss, and changes.
In contrast to sensible arbitrage, there are 4 methods to arrange the OKX futures and spot bots. You possibly can both set the parameters based mostly in your evaluation, fill in parameters beneficial by the crypto buying and selling bot, use AI technique, or copy lead merchants’ profitable bots.
OKX Copy Buying and selling
OKX copy buying and selling is a program that permits new customers to repeat methods from extra superior merchants and routinely execute them within the spot or futures markets. While you copy a seasoned dealer, you’ll imitate their trades and routinely open and shut positions when the dealer you copy opens or closes theirs.
Transaction charges for the trades customers copy are often the identical because the common charges for the consumer’s tier stage. Nevertheless, you have to to share your revenue with the lead dealer, often about 8 – 13% of your outcomes. Moreover, you possibly can set a most quantity per order and a most quantity for the dealer you might be copying.
For example, you possibly can set your most quantity per order at 50 USDT and your most quantity for the dealer at 500 USDT. After the lead dealer has opened 10 positions, you should have an invested margin of 500 USDT, which is your most restrict. So, if the dealer opens an eleventh place, you gained’t copy them.
OKX Pockets
OKX Pockets is now one of many best-decentralized wallets available on the market. It helps many blockchain networks and allows customers to entry and discover the Web3 world. In contrast to the OKXX alternate, with the OKX pockets, you’ve full management of your belongings and personal keys as a result of the pockets is totally decentralized and non-custodial.
The OKX Web3 pockets is designed to supply a full-fledged and seamless Web3 expertise. It has a built-in DEX aggregator for multi-chain and cross-chain transactions, so you possibly can swap between supported networks as a substitute of making a number of wallets on varied chains.
Moreover, you possibly can have interaction in yield farming, undergo the NFT market, and discover over 1,000 DApp protocols. Now, listed below are the advantages of utilizing the OKX web3 pockets:
Provides you full management and possession of your belongings and pockets.Fast crypto withdrawals with out an approval course of, in contrast to crypto exchanges.Multi-chain pockets that routinely acknowledges and connects to completely different blockchain know-how networks with out requiring guide consumer switching.Handle crypto belongings on over 60 chains, together with Ethereum, Aptos, Optimism, and BSC.Accessible on iOS, Android, and net browsers.
Keep in mind that the OKX Web3 pockets doesn’t save your seed phrase, non-public key, or password; you might be accountable for these.
OKX Cell App
OKX gives a cellular app with a user-friendly interface for purchasing, promoting, buying and selling, and managing crypto even if you find yourself on the transfer. In contrast to the desktop interface, the OKX app supplies a easy and clear view, excellent for newbies, and a sophisticated mode for extra skilled merchants.
The OKX app is on the market on Apple Retailer and Play Retailer, and the registration course of is easy. Whereas the cellular app model is quicker and extra user-friendly, it nonetheless has all of the instruments out there on the internet interface and every little thing you must handle your digital belongings.
With a couple of faucets, you possibly can simply purchase, promote, and convert crypto utilizing fiat or different crypto belongings, though fiat withdrawals might not be as easy as crypto withdrawals. Customers also can discover the varied buying and selling choices, set limits, and market orders with TP/SL, path stops, and so forth., as you’d do within the desktop model.
As well as, the OKX app gives margin buying and selling with leverage of as much as 10X. For derivatives, its futures contracts and perpetual swaps have leverage as much as 125X, and you’ll set alerts to obtain notifications when particular modifications happen in your trades.
Methods to Open New Account and Commerce on OKX?
Comply with these steps to open an account and commerce on OKX.
Step 1: Choose your nation or area and conform to the phrases and privateness settlement, then click on “Subsequent.”
Step 2: Use your e mail to register and add the OKX referral code “CNJREVIEW.”
Step 3: OKX will e mail you a verification code. When you add the code, it’s time to confirm your quantity. They may ship you one other code through textual content.
Step 4: Create a safe password to guard your OKX account. We suggest creating at the very least a 12-word lengthy password.
Step 5: Confirm your id by finishing the KYC verification course of. OKX will confirm your paperwork inside 24 hours.
To start out buying and selling crypto on OKX, comply with the next steps:
Step 1: Deposit Funds
You have to fund your OKX account to start cryptocurrency buying and selling on OKX. You possibly can deposit cryptocurrency from one other pockets or use fiat choices like bank cards (Visa, Mastercard), financial institution transfers, or peer-to-peer (P2P) transactions.
If you wish to deposit crypto, go to the ‘Property’ tab and choose ‘Deposit.’ Select the cryptocurrency and the community you wish to deposit. Then, switch the cryptocurrency to the generated pockets deal with.
Step 2: Select Your Buying and selling Technique
Go to the ‘Commerce’ part to see the varied buying and selling choices OKX crypto alternate gives. Relying on the form of commerce you wish to do, select between spot or derivatives (futures, margin, and perpetual swaps).
For newbies, beginning with the spot market or utilizing the copy buying and selling device to mimic skilled merchants is advisable.
Step 3: Place Your First Commerce
Choose the pair you need from the spot or futures market, like PEPE/USDT or BTC/USDT. Since that is your first commerce, we suggest you employ a small amount of cash to commerce.
Use the order window on the suitable to position purchase or promote orders. You possibly can select between completely different order varieties:
Market Orders: Execute instantly at present costs.Restrict Orders: Set a selected value you wish to purchase or promote crypto.Cease Orders: Execute when a sure value situation is met.
Lastly, affirm your order, and it will likely be executed based on the order varieties you select.
Does OKX Require KYC?
Sure, OKX does require KYC. The method is just like that of different exchanges. To verify your id, you need to submit private identification paperwork, resembling a selfie, a passport, or a driver’s license. Be certain that the knowledge in your ID matches the area/nation you picked in the course of the account registration course of.
Is OKX Secure and Legit to Commerce Crypto and Bitcoin?
OKX is protected and bonafide to commerce crypto and Bitcoin. The platform is taken into account as one of many greatest cryptocurrency exchanges with the cleanest interfaces. It’s designed with easy and superior modes to cater to varied customers. Moreover, in case you are a newbie, the cellular app is best for studying, and also you don’t have to fret about lacking something as a result of it has all of the options on the desktop model.
OKX gives some security measures, together with offline asset storage, a danger defend, multi-factor authentication, passkeys, anti-phishing codes, and withdrawal deal with whitelisting.
Chilly Pockets Storage
95% of belongings on OKX are saved in offline wallets, which aren’t prone to hacks and safety breaches. The corporate limits how a lot cryptocurrency may be saved in a single chilly pockets deal with to additional defend consumer funds belongings saved offline.
Every deal with can maintain a most of 1,000 BTC. This spreads the whole quantity of offline belongings throughout a number of wallets, stopping a single level of failure. As soon as the funds in a single chilly pockets are withdrawn, new deposits will not be obtained.
OKX Danger Defend
OKX crypto alternate units apart a proportion of the platform’s belongings, over $700 million, to safeguard cash and customers from potential breaches. The chance fund is just like Binance’s Safe Asset Fund for Customers (SAFU), which protects towards safety breaches and market volatility.
3. Multi-factor Authentication
When you open an account on OKX, you will need to up your safety. You are able to do this by means of the profile icon. There, you will discover varied safety measures to activate.
Begin with two-factor authentication (2FA), then activate passkeys and authenticators. In the event you determine to activate the Google Authenticator app, hold the code you can be given safely. In the event you lose your cellphone or change units, you need to use it to log in to your authenticator app.
4. Anti-phishing Codes
This safety function permits customers to double-proof their account safety. While you activate it, OKX will e mail you a code that helps you differentiate between professional communications and suspicious emails.
5. Proof of Reserves
OKX revealed their December 2024 proof of reserve information and so they’re holding over USD 30.8 billion in reserves. This consists of a number of the hottest cryptocurrencies like Bitcoin (105%), Ethereum (102%), and stablecoins resembling Tether USDT (106%) and USD Coin (100%).
The PoR is revealed month-to-month, and the corporate makes use of superior cryptographic strategies, together with zero-knowledge proofs, to make sure full transparency whereas defending consumer privateness. You possibly can independently confirm your belongings by means of OKX’s dashboard and public pockets addresses.
6. Withdrawal Tackle Whitelisting
OKX permits customers to decide on which pockets addresses are allowed for withdrawals by means of the deal with whitelisting function. Any deal with exterior the pre-approved addresses will routinely be blocked. So, even when somebody tries to hack into your account, they can not transfer funds to any deal with since they aren’t on the record.
