Security and Regulation
OKX positions itself as the fastest, strongest, and most advanced cryptocurrency exchange. Established in 2017 as OKEx and rebranded in 2022 as OKX, it operates legally from the Seychelles and serves users in over 200 countries (excluding the US). While lacking comprehensive regulatory oversight, OKX complies with the Malta Financial Services Authority (MFSA) for European operations.
The platform uniquely combines:
- Centralized trading for secure, high-liquidity transactions.
- Decentralized (OKX DEX) for peer-to-peer trading without intermediaries.
👉 Explore OKX’s security features
Available Products
OKX offers diverse financial solutions, including:
- Crypto trading (300+ coins, 90+ fiat pairs).
- DeFi Wallet integration with Web3 for decentralized asset management.
- NFT Marketplace for minting, buying, and selling digital collectibles.
- Earn programs (staking, lending, mining pools).
- DApps for DeFi and blockchain gaming.
Key Features
| Feature | Details |
|---|---|
| 🔗 Official Site | OKX |
| ⭐ Trustpilot | 1.8/5 (Mixed reviews) |
| 💰 Trading Fees | Maker (0.08–0.14%) / Taker (0.10–0.23%) |
| 📱 Mobile App | iOS & Android (full functionality) |
| 🎓 OKX Academy | Free educational resources for traders of all levels. |
Fees and Commissions
OKX uses a tiered fee structure based on 30-day trading volume:
- <€100K: 0.14% maker / 0.23% taker.
- €100K–€250K: 0.09% maker / 0.18% taker.
- €250K+: Fees decrease progressively, with zero maker fees for high-volume traders.
Additional earning options:
- Simple Earn: Interest on idle assets.
- Mystery Box Rewards: Bonuses via referrals or crypto deposits.
Platform Experience
- Desktop: Intuitive interface with advanced tools like dual investment and flash loans.
- Mobile App: Highly rated for on-the-go trading and exclusive affiliate tasks.
Education and Support
- OKX Academy: Guides, market analyses, and demo accounts.
- Customer Service: 24/7 live chat (no phone support or Italian language option).
Pros and Cons
Pros:
✅ Low, scalable fees.
✅ 1,000+ assets and DeFi integration.
✅ Robust educational resources.
Cons:
❌ Limited regulations.
❌ No copy/social trading features.
Verdict: OKX is a competitive choice for both beginners and experts, offering innovation despite regulatory gaps.
FAQs
Q: Is OKX safe for beginners?
A: Yes, its user-friendly interface and demo accounts make it accessible, though beginners should start with small investments.
Q: What are OKX’s withdrawal fees?
A: Fees vary by cryptocurrency; BTC withdrawals typically cost 0.0005 BTC.
Q: Does OKX support staking?
A: Yes, through its Earn programs with flexible and locked-term options.