Are you trying to understand how OKX works and looking for a comprehensive review? You've come to the right place! In this article, we’ll share our opinions about this cryptocurrency exchange, explain its features, tools, fees, and much more—from A to Z.
OKX offers spot and derivatives trading, wallets, NFT marketplaces, Earn programs, trading bots, social trading, and more—just a few of the topics we’ll cover below. Stick around until the end—you won’t regret it!
Key Facts at a Glance
| Category | Details |
|---|---|
| What is OKX? | Cryptocurrency exchange |
| Current Name | OKX |
| Previous Name | OKEx |
| Founded | 2017 |
| Founder | Star Xu |
| Origin | China |
| Headquarters | Seychelles |
| Employees | 2,000+ |
| Supported Countries | 100+ (including Italy) |
| Users | 20M+ |
| Supported Cryptos | 350+ |
| KYC Levels | Level 1, Level 2 |
| Platforms | Web, desktop (Mac/Windows), iOS & Android apps |
| Deposit/Withdrawal | Crypto, Visa/Mastercard, Apple Pay, FIAT via third-party providers (Mercuryo, Banxa, MoonPay, Advcash) |
| Spot Fees | From 0.080% Maker / 0.100% Taker (reduces with VIP tiers) |
| Futures/Perpetual Fees | From 0.020% Maker / 0.050% Taker (reduces with VIP tiers) |
| Native Token | OKB |
| Reviews | Mostly positive |
| Proof of Reserves | ✅ |
| Protection Fund | OKX Risk Shield ($700M+) |
What Is OKX?
Formerly known as OKEx, OKX is a leading global crypto exchange founded in 2017 and headquartered in the Seychelles. It operates in 100+ countries, including Italy, and serves over 20 million users.
Key Features:
- Spot & Derivatives Trading: Supports 350+ cryptocurrencies, including Bitcoin, Ethereum, and altcoins.
- Low Fees: Competitive Maker/Taker fees, reducible with OKB holdings or trading volume.
- Earn & Loan: Staking, DeFi, and lending options.
- NFT Marketplace: Buy, sell, and trade NFTs.
- Social Trading: Copy top traders’ strategies.
- Trading Bots: Grid, DCA, arbitrage, and more.
- Launchpad (Jumpstart): Participate in new token sales.
How to Register on OKX
- Sign Up: Use email, phone, Google, or Telegram.
Complete KYC:
- Level 1: Basic info (crypto-only access).
- Level 2: ID + facial verification (FIAT access).
- Deposit Funds: Via crypto, card, or bank transfer.
Trading Fees
| Tier | Spot Fees (Maker/Taker) | Futures Fees (Maker/Taker) |
|---|---|---|
| Standard | 0.080% / 0.100% | 0.020% / 0.050% |
| VIP | As low as 0.000% / 0.025% | As low as -0.015% / 0.020% |
Fees decrease with higher OKB holdings or trading volume.
Security & Trust
- Proof of Reserves: 101% BTC, 103% ETH, 101% USDT.
- Risk Shield Fund: $700M+ reserve.
- No Major Hacks: Strong track record.
User Reviews
Most feedback highlights:
✅ High liquidity
✅ Low fees
✅ Advanced trading tools
⚠️ Limited FIAT options in some regions
FAQs
1. Is OKX safe?
Yes—it uses multisig wallets, Proof of Reserves, and a $700M protection fund.
2. How do I reduce fees?
Hold OKB tokens or increase trading volume for VIP discounts.
3. Can I trade NFTs on OKX?
Yes! OKX has a dedicated NFT marketplace.
4. What’s the minimum deposit?
No minimum for crypto; varies for FIAT methods.
5. Does OKX support staking?
Yes—Earn up to 10% APY on assets like USDT.
Final Verdict
OKX is a reliable, feature-rich exchange for both beginners and pros. Its strengths include low fees, diverse products, and robust security.
Ready to start? Sign up for OKX today!
Investing involves risks, including capital loss. Cryptocurrencies are highly volatile assets.