OKX Exchange Review

With more people investing and trading crypto than ever, demand has grown for secure exchanges that offer popular asset support, low fees, and extensive features. If you’re looking for these things, you might eventually stumble upon some user OKX reviews.

OKX is a popular crypto brokerage and trading platform that provides great features for anyone looking to acquire and/or trade crypto. In this OKX exchange review, I will answer all of your questions about the company and the platform itself, helping you decide whether or not it’s suitable for you. Thus, pay attention to all the pros and cons to make the right choice.

If you're looking for alternative exchanges, keep in mind that platforms such as Kraken and Binance are considered to be leaders in the space.

OKX Exchange Review: Introduction to the Company

OKX (previously known as OKEx) was founded in 2017. Though the platform's actual roots go further back. In 2013, its founder, Star Xu, launched OKCoin, a China-focused exchange. OKX was introduced as the international branch of that business four years later, but has since become its main and only active platform.

With its main headquarters in Seychelles, OKX has also launched regional headquarters in San Jose, California, and has other offices in New York, Dubai (its Middle East headquarters), Singapore, Türkiye, Australia, Brazil, and multiple locations throughout the EEA.

OKX is primarily a CEX that offers spot and derivatives trading, among other features. However, it also offers a strong decentralized/Web3 component through the OKX Wallet. It's a non-custodial wallet that gives users direct control over their assets, access to DEXs, NFTs, and DeFi protocols.

Overall, OKX is a well-recognized brand in the industry that, as of writing, has around $3 billion daily trading volume. The company prioritizes security and, therefore, provides users with a safe and reliable environment for cryptocurrency trading.

Regulatory Hurdles & Wins

Over the years, OKX has seen significant setbacks and important victories when it comes to regulatory compliance. In February 2025, its operator admitted to past failures in US anti-money laundering compliance and agreed to pay $505 million in penalties. The settlement also placed the company under external compliance monitoring until 2027.

Yet the exchange has moved quickly to turn the page. Just two months later, OKX relaunched in the United States with new headquarters in San Jose, introducing a phased rollout of its exchange and wallet services built around stricter compliance standards. This solved one of the main cons mentioned in old OKX reviews.

At the same time, OKX secured a Major Payment Institution license in Singapore, giving it the green light to provide regulated spot trading and payment services in one of Asia’s key financial areas.

In Europe, OKX received its full Markets in Crypto-Assets (MiCA) license in January 2025. This enables the exchange to offer regulated cryptocurrency services across all 28 EEA countries.^[1]

📚 Related: US Crypto Regulations

Regional Availability

OKX is used by millions of people in over 180 countries and regions, but exactly what you can use depends on where you live. As just mentioned, in April 2025, OKX officially relaunched in the United States. From then on, US users began gaining access to both the centralized exchange and the OKX Wallet, though the rollout has been phased and is subject to state-by-state regulatory approval.

In other countries, OKX offers most or all of its services (spot trading, fiat on- and off-ramps, etc.), but in some regions, only limited services are available. For example, in places under heavy regulation or sanctions, certain features (like derivatives, P2P services, or specific fiat payment methods) may be disabled or restricted.

There are also countries where OKX is not available at all because of regulatory or legal restrictions. Users in these locations cannot open new accounts or use many of the platform’s features. Sanctioned regions (such as North Korea, Syria, Cuba, some parts of Ukraine, etc.) are permanently restricted.

OKX Exchange Review: PROS

All that being said, I'll continue this OKX review by highlighting the positive aspects and exploring why so many people have chosen this platform over others. Who knows, maybe OKX is exactly what you’re looking for?

A Variety of Trading Features

As mentioned at the beginning of this OKX exchange review, the platform offers great functionality. What does that mean? Well, OKX is not only a regular cryptocurrency exchange where you can buy, sell and trade cryptocurrencies via the spot market. It also allows:

• Buy and Sell. As evident by the name, you can use this feature to quickly buy and sell crypto using fiat. This is just like what most other popular CEXs are offering as their fiat on- and off-ramps.
• P2P. On the peer-to-peer trading market, you can buy or sell crypto directly with other users in your local currency, using multiple payment methods. OKX holds the crypto in escrow until the seller confirms they’ve received payment, making the trade safer.

• Convert. If you have some crypto in your account but don't want to go through the spot market, you can use OKX's Convert feature to quickly trade it for another asset.
• Spot margin trading. Margin trading on OKX uses a loan agreement principle that allows you to multiply your funds and get more profit. OKX offers up to 10x leverage on its spot market.
• Futures trading. For its futures contracts, OKX supports up to 100x leverage. It allows trading perpetuals and expiry futures. On top of that, it even offers pre-market perpetuals that give you early access to upcoming crypto.

• Options trading. Options are contracts that give you the right, but not the obligation, to buy (or sell) a cryptocurrency at a predetermined price on or before a certain date. You can readily access these derivatives on OKX.
• Trading bots. For trading automation, OKX offers spot grid, futures grid, recurring buy, TWAP, and several other trading bots.

• Copy trading. If you want to copy other, more experienced traders, you can also do that on OKX. Or become an Elite Trader whom others copy.
• Institutional features. Apart from features for casual traders, you can also find various institutional tools on OKX, including Nitro Spreads, RFQ (Request for Quote), APIs, and more.

If this is not the first OKX review that you’re reading, you probably know that there aren’t many platforms that can provide you with such a wide functionality. However, don't forget that the features you can access depend on your location.

That said, these are just the trading features – OKX offers even more exciting tools.

Web3, DeFi & Other Features

OKX Wallet is one of the most distinguishing Web3 features on OKX. It’s a self-custodial wallet that used to be just part of the main OKX app, but in 2025, it was released as a separate wallet app and browser extension focused purely on DeFi, NFTs, swaps, and multi-chain functionality.

It supports over 130 native chains and can be used for storing top crypto assets, meme tokens, and NFTs. Also, it allows swapping and trading crypto via three modes: Easy, Advanced, and Meme Mode.

That's not all you can do it with, of course. OKX Wallet can be used for staking crypto, analyzing the data on every major DEX and blockchain network, and connecting to various dApps. Besides, to ensure wallet security, OKX has implemented proactive day-to-day protection from threats and conducts frequent security audits.

Apart from the wallet, OKX also provides other exciting features, Jumpstart being one of those. It's a launchpad that gives verified users early access to new crypto projects through token sales. Participation usually involves staking specific tokens (often OKB, BTC, or ETH) to qualify, depending on the project.

Another way to earn on the exchange is via OKX Earn. It provides users with several products, including Simple Earn, BTC Yield+, Dual Investment, and On-chain Earn, each offering different benefits and drawbacks.

As a cherry on top, taking crypto loans by putting up certain cryptocurrencies as collateral and borrowing other crypto is another thing you can do on OKX. The loans work with both fixed-term and flexible structures: fixed loans have set durations and rates, while flexible ones let you repay anytime.

There’s also a feature called Auto-Borrow that lets you leverage borrowing directly in spot mode when buying crypto.

650+ Trading Pairs, 340+ Cryptocurrencies

Every cryptocurrency exchange platform supports a different number of cryptocurrencies. Needless to say, the more options, the better.

OKX supports more than 340 cryptocurrencies across all its products and offers over 650 trading pairs on its spot market. When compared with other top-rated platforms, the number could be considered the average.

Some of the most popular cryptocurrencies supported by OKX include BTC, ETH, XRP, LTC, BCH, USDT, and others. And here are some of the available trading pairs:

• BTC/USDT
• ETH/USDT
• OKB/USDT
• SOL/USDT
• DOGE/USDT
• XRP/USDT
• etc.

Plus, OKX supports multiple fiat currencies for depositing, withdrawing, and using them to buy crypto or trading. The list of supported assets includes, but is not limited to, EUR, USD, GBP, CAD, JPY, AUD, and RUD.

The final aspect to mention is that you can choose from multiple payment options when buying crypto on the platform, including credit/debit card, bank transfer, PayPal, Payeer, Skrill, Google Pay, and Apple Pay, among others. Therefore, OKX won’t limit you.

Robust Security

Functionality and the number of supported coins wouldn’t mean anything without security. Imagine having exceptional functions and thousands of cryptocurrencies to choose from, just to one day log into your account and see that all of your cryptocurrencies are gone.

Since that’s not something you’d want to happen, it’s crucial to find yourself a crypto exchange that provides robust security.

OKX comes with some great security features via its OKX Protect in-house framework. For straters, OKX protects user assets by maintaining a 1:1 reserve ratio for all funds and publishes regular Proof of Reserves (PoR) reports audited by independent firms like Hacken.

📚 Related: Why Proof of Reserves Matters

Also, assets on OKX are mostly stored offline in cold wallets, which are isolated from the internet and secured with multi-signature controls. This is a must-do practice reputable exchanges usually employ.

Moreover, OKX runs an active Cyber Defense Unit that continuously scans for threats, performs penetration tests, and conducts regular security audits. When used in combination with layered access controls, role-based permissions, and rigorous device/IP monitoring, these measures help prevent internal mistakes and external attacks.

Machine learning and AI tools are another strong arm in OKX’s defense. Systems like Eagle-Eye, TARDIS, and SkyNet monitor user behavior, detect fraud, block suspicious addresses or transactions, and verify identities with anti-deepfake measures to stop impersonation and phishing risks.

OKX also combines its technical, procedural, and predictive defenses with human elements: 24/7 security-aware customer support, continuous employee training, and regulatory compliance across jurisdictions.

Besides, you have some controls over your own account security, too. For example, when registering, OKX will recommend you to use multi-factor authentication – 2FA or MFA. While it’s not a must, you can choose to use this extra security level only when performing important actions. What is more, you can set an anti-phishing code that will be sent together with all emails that come from OKX.

Mobile App

If you want to trade everywhere, you should definitely download the OKX app. The app is compatible with iOS, Android, macOS, and Windows. You can easily download it on Google Play and the App Store.

The OKX mobile app is highly rated on Google Play. You’ll find that there are 915,000 OKX reviews, and most of them are positive. The average score is 4.4, so that says a lot.

The majority of customers claim that the app is very easy to use, has a clear design and is completely glitch-free. I can attest to that; my experience using the OKX app was smooth. That said, if you want to manage your account from the palm of your hand, it’s recommended to download the app and have the ultimate experience.

Helpful Customer Support

When using a crypto exchange, registering, making a deposit, trading and performing other actions, you might encounter certain issues. There’s no better way to solve them than by contacting a provider. However, since not every crypto exchange platform has helpful customer support, chances are that you won’t always be provided with a solution.

Now, since this is an OKX exchange review, you’re probably wondering how good its customer support is.

If you have any questions when using OKX, you get a few different options: to visit their support center and find the needed information, find useful articles on the Academy, or use the OKX Assistant chat (available 24/7), where you can chat with a bot or a real customer support agent.

All the options are good; however, if you encounter a very specific issue, it’s recommended to contact live customer support and solve that problem immediately.

To make sure that OKX support is actually helpful, I analyzed a number of user OKX reviews, as well as contacted them myself. My personal experience was completely the same as that of other users; OKX customer support responded quickly and provided the information that I was looking for.

So, considering all the aspects, it’s fair to state that OKX has really good customer support. That’s not as common as you might think.

Did you know?

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OKX Exchange Review: CONS

It’s evident that OKX comes with some really attractive features. It supports over 350 cryptocurrencies and offers various trading and earning features, boasts strong security, and provides helpful customer support. However, now that we have finished discussing OKX's pros, it’s time to see which aspects could be somewhat disappointing.

Has a Steeper Learning Curve

Having extensive features and functions to choose from is great. However, you probably know that it can also be too overwhelming for new users.

Regarding the platform in question, I've noticed it being recommended for more experienced users in several OKX reviews. Options such as futures trading, options trading, crypto loans, and others can be too advanced and risky for newbie traders.

Of course, OKX is trying to simplify its user experience as much as possible and be with them every step of the way. The platform design is clutter-free, and you have helpful customer support. Plus, there are all the necessary features to simplify user onboarding.

So, if you decide to use OKX and want to find out more about the platform beforehand, I'd recommend visiting OKX Academy, where you can find multiple tutorials, including tutorials for newbies, trading ideas, and industry analysis.

What is more, you can find the crypto glossary on the same page. It will help you to get a general idea not only about trading, but blockchain itself, as well.

Thus, while newbies can be a little lost when using OKX at first, everything can get so much easier after performing thorough research and practicing a bit.

OKB and xBTC

When talking about OKX, it's also important to know about its tokens. Yes, it has a few. The first one, OKB, is more traditional, as it serves as the utility token of the exchange.

It provides holders with benefits like discounted trading fees, priority in token sales (like via Jumpstart), eligibility for staking and governance, and serves as the gas/settlement token for OKX’s X Layer blockchain.

xBTC, on the other hand, is a wrapped token issued by the exchange in question. It's fully backed 1:1 by real BTC held in secure custody by OKX. It allows Bitcoin holders to move out of "just holding" mode, letting them mint xBTC (on chains like Sui, Aptos, and Solana) and use it in DeFi while retaining exposure to BTC.

There are no extra minting or redemption fees (aside from the network’s gas fees), and the bridge between BTC and xBTC is designed to be transparent and secure via Proof of Reserves.

OKX Fees

Every crypto enthusiast, especially when it comes to day traders, knows that trading fees can determine their choice when deciding between a few different trading platforms. That’s why we'll now take a look at trading fees very closely in this part of my OKX exchange review.

Table: OKX fees

Now, let's get into a bit more detail. For regular spot traders who are new or trade on low volumes, there’s a 0.08% maker fee and a 0.1% taker fee (for most trading pairs).

While it seems that new users get really attractive deals, VIP members get even lower trading fees. By increasing their level, they can reduce their fees even to as low as -0.010% for makers (which is a rebate, so you get paid for your trade) and 0.015% for takers.

To increase your VIP level, you either have to increase your asset balance or 30-day trading volume. Also, you can "transfer" your VIP level from another exchange by providing the required proof. Besides lower fees, the VIP level brings other benefits, including exclusive Auto-earn opportunities, premium BTC rewards, priority support, and much more.

Now, futures trading fees firstly depend on the contract type:

Table: OKX's starting futures trading fees based on contract type

Though, as you can see, only the maker fee changes. That said, the same as for the spot market, your futures fees can be reduced as well by increasing your VIP level, eventually reaching -0.005% for makers and 0.015% for takers.

Options trading fees, on the other hand, start at 0.03% for both makers and takers but can be reduced to as low as -0.010% for makers and 0.013% for takers. To do that, you have to increase your OKB holdings and overall asset balance or 30-day trading volume.

Crypto deposits and withdrawals are quite self-explanatory and work much like they do on other exchanges. A slight difference is that your daily crypto withdrawal limit is tied to your VIP level, starting at $10,000,000 worth of crypto for regular users and ending at $80,000,000 for VIP 8 users.

There are also certain limits and fees for fiat deposits and withdrawals, but they all depend on the fiat in question and the country you reside in. So, you can find all of the relevant information regarding this on your OKX account.

Thus, you’d probably agree with me that OKX fees are really competitive. They can be somewhat confusing for new users, but that's also because there are many different features on the exchange, and some of the fees depend on your country of residence. So, it's always best to just check your own specific fees in your account.

How to Use OKX

After reading all the pros and cons of this OKX exchange review, you might be thinking that OKX is a truly interesting cryptocurrency exchange platform. If you're keen on trying OKX out before looking into alternatives, I'll make it even easier for you and provide step-by-step guides on how to register on OKX and deposit crypto to start using the platform.

How to Sign Up on OKX

Registering on OKX takes only a few minutes. Here’s a quick guide on how to do that.

Depending on the country where you reside, the page you'll be taken to can look somewhat different. However, the whole account creation process should be more or less the same.

After this, you'll be asked to create a passkey for extra security. You can skip and set it later, but I highly suggest making use of this safety measure.

To do that, you will need to provide some basic info about yourself, an ID document, a selfie, and proof of address (if applicable). All these points are for individual users, though. If you're aiming for the institutional account, the things you'll need to provide will be a bit different.

📚 Read More: How to Open an Institutional Account on OKX

How to Make a Crypto Deposit on OKX

Once you register and verify your account, it’s time to make a deposit:

FYI, besides depositing crypto, you can simply purchase some on OKX using the "Buy and Sell" feature.

Since OKX provides you with multiple payment options, you will have no issues here. While the available choices will depend on your country of residence, you can generally choose from the payment methods below:

• Credit/debit card
• Bank transfer
• PayPal
• Payeer
• Skrill
• Google Pay
• Apple Pay
• etc.

Thus, when purchasing crypto on OKX, your options are almost unlimited.

Pros

• Secure and reliable
• Accepts fiat currencies
• Lots of trading options

Main Features

• Reputable exchange
• Accepts fiat currencies
• Offers various trading options

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Pros

• Beginner-friendly
• Secure
• Decent trading and withdrawal fees

Main Features

• Crypto.com Visa Card
• Automated tools & bots
• Ecosystem synergy with CRO

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Pros

• Accepts fiat currencies
• Simple to use
• Supports only trusted cryptocurrencies

Main Features

• A leading cryptocurrency exchange platform
• Best for all type investors
• Accepts fiat currencies

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Conclusions

Wrapping up this OKX exchange review, I'd say that it's a complex cryptocurrency trading platform. It was founded in 2017 and is now considered one of the most popular crypto exchanges.

OKX fees are low, and it supports more than 350 cryptocurrencies and over 650 trading pairs. What is more, it provides you with a wide selection of features, such as futures trading, spot trading, options trading, Web3 OKX Wallet, OKX Earn, crypto loans, and much more.

While it seems that OKX has it all (and it kinda does), newbies can find it quite difficult to use at first. That’s because the platform has so many extensive features that require knowledge to understand.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Annunziata F.: 'The Licensing Rules in MiCA';

2. Mikhaylov A.: 'Understanding the Risks Associated With Wallets, Depository Services, Trading, Lending, and Borrowing in the Crypto Space'.