OKX Review 2025

Pros

• You can use a mobile app or desktop platform to trade various products like futures, options, and perpetual swaps.
• Numerous blockchain offerings encompass DeFi services, NFTs, games and more than 400 existing and upcoming coins.
• Active traders will experience competitive maker and taker fees, at 0.02% and 0.05% respectively.
• Competitive mining fees starting at 2% are available for crypto staking and pools.
• Traders can access past data for spot and futures markets, which includes open-high-low-close data, cumulative trades, and trading history.

Cons

• The company provides minimal regulatory supervision, a typical feature among crypto trading platforms.
• Customer support quality varied during testing.
• The broker's platform and features might be hard to understand for new traders.

OKX, a well-known crypto exchange, supports trading in various digital currencies, from Bitcoin (BTC) to Chia (XCH). With over 20 million global clients, it offers spot and derivative products, along with lending and mining solutions. Explore the sign-up process, withdrawal fees, wallet options, and mobile apps to decide if an OKX account suits your trading needs.

What Is OKX?

OKX, established in 2017 and headquartered in the Seychelles, is a major cryptocurrency exchange. Offering a vast array of trading products, OKX supports hundreds of tokens in over 200 countries. Originally known as OKEx, it rebranded in 2022 to mark its progress in the crypto and web 3.0 realms.

Its product lineup includes DeFi, NFTs, games, spot trading, margin, options, perpetual swaps, and mining services. Each day, $1.5 billion in BTC futures trades through the platform, generating buzz for the owner and CEO.

The exchange also boasts a sister platform, OkCoin, a crypto exchange white label service. OKX is currently developing its own blockchain, OKChain.

Recently, OKX gained a provisional virtual-asset license from the Dubai Virtual Assets Regulatory Authority (VARA). This makes OKX one of the select top exchanges with permission to operate in Dubai, providing its services to local investors and financial service providers.

Products & Tokens

OKX is excellent for OTC crypto and fiat-to-crypto trading. Over 400 tokens, including Bitcoin, Ripple, and Dogecoin, are available.

Traders can explore digital markets through quarterly futures, perpetual swaps, and options. OKX provides easy-to-read data, showing the latest prices, recent volumes, and open interest.

New tokens are frequently added, so check the OKX website for updates.

Trading Platform

OKX is a solid choice for traders with its web-accessible platform. After logging in, access the online platform through the OKX website. Its clean, intuitive interface allows for real-time viewing of crypto prices, easy buying and selling of Bitcoin and other digital assets, and setting up price-change alerts on coins.

Traders can compare token prices across exchanges and analyze trading volume data. For those on the go, a mobile app for iOS and Android is available. This app mirrors desktop features, allowing price predictions and trading with OKX’s product suite.

Customer reviews are positive, praising the platform’s reliability and easy signup process. The free demo account is accessible on mobile too. OKX offers guides on using the platform when opening an account.

Fees

OKX excels with low trading fees, offering some of the best crypto prices available. Fees are based on your 30-day trading volume. Low volume accounts face a 0.15% maker fee and a 0.2% taker fee. Active traders enjoy reduced fees down to a 0.02% maker fee and a 0.05% taker fee. Fees are updated daily, with a clear chart on the website for all charges, from USDT withdrawal fees to perpetual swap rates.

Deposits & Withdrawals

OKX only accepts digital currency funding—no fiat deposits. You can buy crypto via credit cards or transfer from hardware wallets or exchanges.

Crypto transfers typically complete in minutes. Users have various payment options: credit/debit cards, bank transfers, Google Pay, and PayPal. Supported currencies include USD, GBP, and EUR.

While deposits are free, withdrawal fees and limits vary by crypto. Check OKX’s website for detailed information on limits.

The My Wallet feature helps manage funds across trading accounts and tokens. OKX’s beginner guides provide information on funding rates, crypto sales, and internal withdrawals.

Leverage Review

OKX excels in trading with up to 1:20 leverage, higher than many rivals. You can adjust leverage when creating your account, and interest rates are visible on the platform.

The exchange offers various margin modes, including single-currency, multi-currency, and portfolio margin mode. Single and multi-currency modes set margin rates based on total position size, suitable for low to mid-level clients.

Portfolio margin mode bases margin rates on risk exposure, perfect for high-net-worth individuals and institutions using market-making and hedging strategies.

While high leverage attracts traders, remember that crypto trading is risky. Approach risk management carefully.

Bonuses & Promos

OKX is known for its enticing bonuses and rewards. The standout offer is a free Bitcoin giveaway.

New clients receive $10 in BTC for trading $100 or more. After signing up and downloading the mobile app, users can complete learning missions to earn more free BTC daily.

Existing users can invite others using their unique referral code. They earn up to three rewards of $10 in BTC per referral. Always review invite terms and conditions before starting.

Stay updated with OKX announcements for upcoming airdrops and promo codes.

Customer Support

OKX’s support is available via phone, live chat, and email, plus social media channels:

• Phone: +1 226 798 4487
• Address: Suite 202, 2nd Floor, Eden Plaza, Eden Island, Victoria, Mahe, Seychelles

Though support response is slow, it’s helpful for product updates, account maintenance, mining rules, and equity issues. The exchange offers a blog with new coin listings, platform upgrades, API documentation, and beginner guides.

How To Open An OKX Account

OKX provides nine different live accounts to suit various trading needs. Signing up is easy with a simple form on their website. New clients need to provide contact details and may need to verify their identity before trading cryptocurrencies. To delete an account, contact customer support. Note that OKX does not accept US residents. Use the table below to choose your account.

Security & Safety

OKX is a trusted crypto exchange, renowned for its strong security measures. It employs distributed server clusters and cold storage multi-signature wallets. For extra protection, users can enable 2FA with Google Authenticator. However, no exchange guarantees complete safety. Past instances of hacking remind us to remain cautious in crypto trading. OKX requires users to meet KYC identity checks before withdrawing profits, a common practice to curb fraud and money laundering. Despite new security guidelines, stay vigilant with your investments.

OKX Verdict

OKX is a popular crypto exchange that features trading for both major coins like Bitcoin (BTC) and newer tokens such as Chia (XCH). Its professional platform and low fees appeal to new investors and active traders alike. While stronger regulatory oversight is desired, the company’s global expansion may address this in the future.

Alternatives To OKX

These similar brokers are the highest rated alternatives to OKX.