If you’re looking for a cryptocurrency exchange that offers a wide range of financial services and educational resources, then OKX is perfect for you! In this OKX review, we’ll cover the basics of OKX including its pros and cons, fee schedule, services and more. Let’s get started!
OKX At a Glance
| Minimum Deposit | No fiat deposit is allowed |
| Number of Cryptocurrencies | 350+ |
| Deposit fees | 0 |
| Mobile App | Mobile app is available |
| Customer Service | 24/7 Phone, email and chat |
| Location | Victoria, Seychelles |
OKX represent as a leading company in Web3 innovation and is a fantastic crypto exchange. It supports hundreds of altcoins. You can buy crypto with Visa, bank transfer, MasterCard, or Apple pay through them.
OKX: Pros and Cons
| Pros | Cons |
| Popular crypto exchange | Confusing support content |
| Advance trading platform | Not available for US residents |
| Access to a larger Web 3 ecosystem | Cannot deposit fiat currency |
| 24/7 customer support | |
| Extensive range of pro trading options | |
| Quick verification process | |
| Low trading fees | |
| Beginner friendly |
OKX Products and Services
OKX exchange offers a wide range of products and services, including spot trading, margin trading, and much more. Let’s take a look on it!
OKX Spot Trading
OKX allows you to trade more than 300 cryptocurrencies such as BTC, ETH, SOL, ATOM and many more. They provide user-friendly platform with helpful trading tools. OKX is great for people who are just starting to learn cryptocurrency.
OKX Margin Trading
For a variety of altcoins with leverage of up to 100x, OKX offers margin trading. It means you can trade with larger amount of money than you actually have in your account. It generates profits but also leads to bigger losses.
OKX Earn
You can earn interest on various coins like Bitcoin, Ethereum, Litecoin, XRP, and more with the help of OKX earn. You can start earning with just 1US dollar. It provides opportunities by different methods to earn interest on your crypto, including staking, loans and third party Defi services.
OKX Options
OKX users can trade options 24/7 using Bitcoin, Ethereum, and SOL. Two types of options are available; European Options (which can only be used on their expiration date) and American Options, which can be used at any time.
Trading Bots
It provides customizable crypto trading bots that let the users to create automatic trading strategies. These OKX trading bots can execute automatic trading spot, futures and much more.
Cryptocurrencies Available on OKX
OKX offers over 300 cryptocurrencies for users. Here are the glance of available cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Polkadot (DOT)
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
- XRP (XRP)
- Solana (SOL)
- Cardano (ADA)
- TRON (TRX)
OKX Trading Fees
OKX charges different trading fees from Normal and VIP users. Let’s have a look!
Regular Users
| Tier | Total OKB Holding | Assets(USD) or 30-day trading volume | Maker Fee | Taker fee | 24h withdrawal limit |
| Lv 1 | <500 | <100,000 / <10,000,000 | 0.080% | 0.100% | 500 |
| Lv 2 | ≥500 | <100,000 / <10,000,000 | 0.075% | 0.095% | 500 |
| Lv 3 | ≥1,000 | <100,000 / <10,000,000 | 0.070% | 0.090% | 500 |
| Lv 4 | ≥1500 | <100,000 / <10,000,000 | 0.065% | 0.085% | 500 |
| Lv 5 | ≥2000 | <100,000 / <10,000,000 | 0.060% | 0.080% | 500 |
VIP Users
| Tier | Assets(USD) or 30-day trading volume | Maker Fee | Taker fee | 24h withdrawal limit |
| VIP1 | ≥100,000 / ≥10,000,000 | 0.060% | 0.080% | 600 |
| VIP2 | ≥500,000 / ≥20,000,000 | 0.050% | 0.070% | 800 |
| VIP3 | ≥2,000,000 / ≥50,000,000 | 0.030% | 0.060% | 1000 |
| VIP4 | ≥5,000,000 / ≥100,000,000 | 0.020% | 0.050% | 1200 |
| VIP5 | ≥200,000,000 | 0.000% | 0.040% | 1500 |
| VIP6 | ≥500,000,000 | -0.002% | 0.030% | 1800 |
| VIP7 | ≥1,000,000,000 | -0.005% | 0.025% | 2000 |
| VIP8 | ≥10,000,000,000 | -0.005% | 0.020% | 2000 |
Payment Methods
OKX makes it simple for users to convert their regular money into digital currencies. Although they don’t directly accept regular money deposits, but users can use different methods on OKX to purchase digital currency with regular money. These methods include credit cards, debit cards, bank transfers, Apple pay, Alipay, WeChat Pay and many more. Users can also transfer cryptocurrencies from other exchanges to trade on OKX.
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