Binance and OKX stand as two of the largest cryptocurrency exchanges globally. Both platforms offer robust solutions for buying, selling, and trading cryptocurrencies, but key differences exist. This comprehensive comparison highlights their unique features to help you choose the best exchange for your needs.
Quick Overview: Binance vs OKX
Binance at a Glance
- Launched: 2017
- Users: 100+ million
- Daily Trading Volume: $50B+
- Tradable Cryptocurrencies: 386+
Key Features:
- Spot/futures trading
- Staking, lending, margin trading
- NFT marketplace
- Crypto Visa card
OKX at a Glance
- Launched: January 2017
- Users: 16+ million
- Daily Trading Volume: $20B+
- Tradable Cryptocurrencies: 341+
Key Features:
- Copy trading
- Options/futures trading
- Passive income products
- Multi-signature cold wallets
Account Registration & KYC Requirements
| Feature | Binance | OKX |
|---|---|---|
| Signup Process | Email/phone + password | Email/phone + password |
| KYC Level 1 | ID + facial recognition | Name + ID/passport number |
| KYC Level 2 | Address proof required | ID + facial recognition |
| Withdrawal Limits | $50K FIAT / $8M crypto (24h) | $5K crypto (lifetime, Level 1) |
Binance enforces stricter verification, while OKX offers faster Level 1 KYC without document uploads.
Trading Features Compared
Spot Trading
| Metric | Binance | OKX |
|---|---|---|
| Coins | 386 | 341 |
| Pairs | 1,600 | 747 |
| Fees | 0.1% maker/taker | 0.08%/0.1% |
👉 Lower fees: OKX edges out Binance for spot trades.
Futures Trading
- Binance: 259 contracts | 0.02%/0.05% fees
- OKX: 225 contracts | 0.02%/0.05% fees
Both support BNB/OKB fee discounts (10–25% off).
Copy Trading
- OKX integrates native copy trading; Binance relies on third-party TraderWagon.
- Winner: OKX for seamless in-platform functionality.
Fees Breakdown
| Fee Type | Binance | OKX |
|---|---|---|
| Spot | 0.1% | 0.08%/0.1% |
| Futures | 0.02%/0.05% | 0.02%/0.05% |
| FIAT Deposits | 1.8% (card) | Varies by provider |
Tip: Binance offers broader FIAT support (40+ currencies).
Security & Trust
- Both exchanges use multi-signature cold storage and proof-of-reserves.
- Binance SAFU Fund: $1B+ insurance for user funds.
- OKX: No equivalent fund but maintains flawless hack-free history.
Passive Income Products
| Platform | Staking | Lending | DeFi | Liquidity Mining |
|---|---|---|---|---|
| Binance | ✅ | ✅ | ✅ | ✅ |
| OKX | ✅ | ✅ | ❌ | Limited |
Binance dominates with diverse earning opportunities.
Mobile App & Support
- OKX App: 4.6/5 stars, smoother performance.
- Binance App: 4.4/5 stars, occasional lag.
- Customer Support: Binance’s 24/7 live chat outperforms OKX’s ticket system.
Final Verdict: Which Exchange Wins?
Binance excels in asset variety, FIAT support, and security funds. OKX shines in user-friendliness and copy trading.
For beginners: OKX’s intuitive interface.
For advanced traders: Binance’s comprehensive tools.
Start trading on Binance today
Or explore OKX’s features
FAQ
1. Which exchange has lower fees?
OKX offers marginally lower spot fees (0.08% vs. Binance’s 0.1%).
2. Is Binance or OKX better for US users?
Neither operates in the US. Alternatives include BinanceUS or MEXC.
3. Which platform is more secure?
Both are equally secure, but Binance’s SAFU fund adds extra protection.
4. Does OKX support FIAT withdrawals?
No—Binance allows FIAT withdrawals in 40+ currencies.
5. Best for copy trading?
OKX’s built-in feature is superior to Binance’s third-party integration.