OKX is the world's third-largest cryptocurrency exchange by trading volume, offering spot, futures, options, and margin trading with some of the lowest fees in the industry. Our hands-on testing found spot fees starting at just 0.08% maker / 0.10% taker for global users—significantly cheaper than Coinbase (0.40%/0.60%) and competitive with Binance. OKX supports 350+ cryptocurrencies, provides a powerful Web3 wallet, and maintains transparent Proof of Reserves. However, OKX is not available to US residents, and fees vary significantly by region (EEA and Australia have higher base rates).
Overall Rating: 4.3/5 ⭐⭐⭐⭐
| Category | Rating | Summary |
|---|---|---|
| Fees & Pricing | ⭐⭐⭐⭐⭐ 5/5 | Ultra-low global fees (0.08%/0.10%), but varies by region |
| Security | ⭐⭐⭐⭐ 4/5 | Proof of Reserves, cold storage, no major hacks |
| Ease of Use | ⭐⭐⭐⭐ 4/5 | Clean interface, but complex for beginners |
| Crypto Selection | ⭐⭐⭐⭐⭐ 5/5 | 350+ cryptocurrencies, fast new listings |
| Staking & Rewards | ⭐⭐⭐⭐ 4/5 | Earn products, staking, dual investment |
| Customer Support | ⭐⭐⭐ 3/5 | 24/7 chat, but mixed reviews on resolution |
Last updated: February 11, 2026. We independently research all platforms we review.
OKX at a Glance
| Feature | Details |
|---|---|
| Founded | 2017 (as OKEx, rebranded to OKX in 2022) |
| Headquarters | Seychelles (registered), offices in Dubai, Singapore, Hong Kong |
| Supported Cryptocurrencies | 350+ |
| Trading Pairs | 500+ |
| Spot Trading Fees (Global) | 0.08% maker / 0.10% taker (tiered by volume) |
| Futures Fees (Global) | 0.02% maker / 0.05% taker |
| Maximum Leverage | Up to 125x on derivatives |
| Supported Countries | 100+ (US restricted) |
| Regulation | MFSA (Malta/EU), VARA (Dubai), regional licenses |
| KYC Required | Yes (mandatory) |
| Mobile App | iOS & Android (4.5+ rating) |
| Proof of Reserves | Yes (monthly, on-chain verifiable) |
| Web3 Wallet | Yes (multi-chain, DeFi access) |
OKX Pros and Cons
Pros ✅
- Ultra-low global fees: 0.08%/0.10% spot, 0.02%/0.05% futures—among the lowest in the industry
- Comprehensive Web3 wallet: 80+ chains, DEX aggregator, NFT marketplace, DeFi access
- 350+ cryptocurrencies: Extensive selection with fast new listings
- Proof of Reserves: Monthly on-chain verification for transparency
- Trading bots: Built-in automation without third-party tools
- Professional derivatives: Up to 125x leverage, options, pre-market perpetuals
- Demo trading: Practice mode for learning without risk
Cons ❌
- US restricted: Not available to United States residents
- Regional fee disparities: EEA (0.20%/0.35%) and AU (0.40%/0.40%) pay much more
- Complex for beginners: Feature-rich interface has steep learning curve
- 2020 withdrawal incident: Historical concern about operational resilience
- Mixed support reviews: Response quality varies
- No phone support: Chat and email only
What Is OKX?
OKX is a centralized cryptocurrency exchange founded in 2017, originally operating as OKEx before rebranding in 2022. The platform has grown to become one of the top three global exchanges by trading volume, competing directly with Binance and Bybit for market share among active traders.
OKX differentiates itself through a combination of low fees, a comprehensive product suite spanning spot trading to DeFi integration, and a strong focus on Web3 functionality. The exchange operates a non-custodial Web3 wallet alongside its centralized exchange, allowing users to interact with decentralized applications while maintaining a unified trading experience.
The platform serves users in over 100 countries but is notably unavailable to US residents due to regulatory restrictions. OKX has pursued regulatory compliance aggressively, securing MiCA authorization in the EU through its Malta-based entity and VARA licensing in Dubai.
Key Milestones
- 2017: Founded as OKEx in China
- 2020: Temporary withdrawal suspension (resolved without fund losses)
- 2022: Rebranded to OKX, expanded Web3 focus
- 2023: Secured VARA license in Dubai
- 2024: MiCA authorization in EU via Malta
- 2025: Expanded Proof of Reserves program, major Web3 wallet updates
OKX Trading Fees: Complete Breakdown
Important: OKX fees vary significantly by region. The rates below are for global users—EEA (Europe) and Australia have different, generally higher fee structures.
Global Spot Trading Fees
| 30-Day Volume (USD) | Maker Fee | Taker Fee |
|---|---|---|
| Regular User (< $100K) | 0.080% | 0.100% |
| VIP 1 ($100K - $500K) | 0.070% | 0.090% |
| VIP 2 ($500K - $2M) | 0.060% | 0.080% |
| VIP 3 ($2M - $10M) | 0.050% | 0.060% |
| VIP 4+ (> $10M) | 0.030% - 0% | 0.040% - 0.020% |
Global Futures/Derivatives Fees
| 30-Day Volume (USD) | Maker Fee | Taker Fee |
|---|---|---|
| Regular User | 0.020% | 0.050% |
| VIP 1+ | 0.015% - 0% | 0.040% - 0.020% |
Regional Fee Differences
EEA (Europe) Users: Base tier starts at 0.20% maker / 0.35% taker for spot—significantly higher than global rates. VIP tiers reduce fees substantially.
Australia Users: Spot fees start at 0.40% / 0.40% for regular users. Futures start at 0.05% / 0.07%. Always check the AU-specific fee schedule.
How OKX Fees Compare
| Exchange | Spot (Base Tier) | Futures (Base Tier) |
|---|---|---|
| OKX (Global) | 0.08% / 0.10% | 0.02% / 0.05% |
| Binance | 0.10% / 0.10% | 0.02% / 0.05% |
| Bybit | 0.10% / 0.10% | 0.02% / 0.055% |
| Kraken | 0.16% / 0.26% | 0.02% / 0.05% |
| Coinbase | 0.40% / 0.60% | Limited |
Verdict: OKX offers some of the lowest fees globally, beating Binance on spot trading and matching on derivatives. However, EEA and AU users pay substantially more at base tiers.
Deposit and Withdrawal Fees
- Crypto deposits: Free
- Crypto withdrawals: Network fees only (competitive rates)
- Fiat deposits: Varies by method (bank transfer often free, cards 1-3%)
- P2P trading: Zero platform fees
Security and Regulation
Security Rating: ⭐⭐⭐⭐ 4/5
OKX maintains a strong security posture with no major hacks resulting in customer fund losses in recent years. The platform implements industry-standard security measures and publishes transparent Proof of Reserves.
Security Features
| Feature | OKX | Industry Standard |
|---|---|---|
| Cold Storage | 95%+ of funds | 90-95% |
| Proof of Reserves | Monthly, on-chain verifiable | Periodic/none |
| 2FA Options | App, SMS, Email | App, SMS |
| Anti-Phishing Code | Yes | Some exchanges |
| Address Whitelisting | Yes | Most exchanges |
| OKX Protect (Insurance) | Yes | Varies |
Regulatory Status
- EU/EEA: OKX Europe Limited authorized by MFSA (Malta) under MiCA framework
- Dubai: VARA licensed
- Australia: Registered with AUSTRAC
- US: Not available (restricted)
- UK: Limited availability
Past Incidents
In 2020, OKX (then OKEx) temporarily suspended withdrawals for several weeks due to a key holder being unavailable for cooperation with authorities. While no funds were lost, this incident raised concerns about operational resilience. OKX has since implemented improved key management procedures.
OKX Products and Features
Spot and Margin Trading
OKX supports 350+ cryptocurrencies with 500+ trading pairs. The platform is known for fast new token listings, often adding trending projects within days of launch. Margin trading is available with up to 10x leverage on supported pairs.
Derivatives Trading
OKX offers a comprehensive derivatives suite:
- Perpetual Futures: USDT-margined and coin-margined, up to 125x leverage
- Expiry Futures: Quarterly and bi-quarterly contracts
- Options: BTC and ETH options with various strikes and expiries
- Pre-market Perpetuals: Trade upcoming tokens before spot listing
Trading Bots
OKX provides built-in trading bot functionality:
- Grid bots (spot and futures)
- DCA (dollar-cost averaging) bots
- Arbitrage bots
- Signal bots
- Copy trading integration
OKX Earn
OKX provides a comprehensive suite of passive income products under the "Earn" and "Grow" sections:
Simple Earn
Deposit crypto to earn interest with flexible (withdraw anytime) or fixed-term options. Stablecoin yields (USDT, USDC) typically range from 2-6% APY depending on term length and market conditions. Major assets like BTC and ETH offer lower but steady yields.
On-chain Earn
Access DeFi yield opportunities directly through OKX's interface without leaving the platform. This includes liquidity provision, yield farming, and protocol staking with curated, audited opportunities.
Dual Investment
Structured products that let you earn enhanced yields by committing to buy or sell crypto at a target price on a future date. Higher risk/reward profile suited for experienced users with directional market views.
Staking
Stake proof-of-stake assets to earn protocol rewards. OKX handles validator selection and technical complexity. Supported assets include ETH, SOL, ATOM, DOT, and others with varying APY and lock periods.
Loans
Borrow against your crypto holdings without selling. Use borrowed funds for trading, other investments, or personal needs while maintaining exposure to your assets.
OKX Web3 Wallet
OKX's non-custodial Web3 wallet is a standout feature, supporting:
- 80+ blockchain networks
- DEX aggregator for optimal swap rates
- NFT marketplace integration
- DeFi protocol access
- Cross-chain bridging
The wallet is available as a browser extension and mobile app, competing directly with MetaMask and Trust Wallet.
Jumpstart (Launchpad)
OKX Jumpstart provides early access to new token sales. Users stake OKB (OKX's native token) to participate in allocations for upcoming projects.
User Experience
Ease of Use Rating: ⭐⭐⭐⭐ 4/5
OKX offers a polished interface with professional-grade tools, but the breadth of features can overwhelm beginners.
What Works Well
- Clean, modern design across web and mobile
- TradingView integration for advanced charting
- Unified account for CEX and Web3 wallet
- Demo trading mode for practice
- Comprehensive mobile app with full functionality
What Could Be Better
- Steep learning curve for beginners
- Feature overload on the main dashboard
- Regional restrictions create confusion
- Some advanced features buried in menus
Mobile App
The OKX mobile app (iOS/Android) provides full trading functionality including spot, futures, options, Web3 wallet access, and earn products. App Store ratings are 4.5+ with millions of downloads.
Customer Support
Support Rating: ⭐⭐⭐ 3/5
OKX offers 24/7 customer support through multiple channels, but user reviews are mixed on resolution quality.
Support Channels
- 24/7 live chat
- Email support
- Comprehensive help center
- Active social media (Twitter, Telegram, Discord)
- VIP support for high-volume traders
Common Complaints
- Slow response times during peak periods
- KYC verification delays
- Withdrawal issues requiring manual review
- Language barriers with some support agents
OKX vs Competitors
| Feature | OKX | Binance | Bybit | Coinbase |
|---|---|---|---|---|
| Best For | Low fees + Web3 | All-around | Derivatives | Beginners |
| Spot Fees | 0.08%/0.10% | 0.10%/0.10% | 0.10%/0.10% | 0.40%/0.60% |
| Futures Fees | 0.02%/0.05% | 0.02%/0.05% | 0.02%/0.055% | Limited |
| Cryptocurrencies | 350+ | 400+ | 1,700+ | 260+ |
| Web3 Wallet | Yes (excellent) | Yes | Yes | Separate app |
| US Available | No | Yes (limited) | No | Yes |
| Max Leverage | 125x | 125x | 200x | N/A |
| Our Rating | 4.3/5 | 4.4/5 | 4.5/5 | 4.0/5 |
Choose OKX if: You want low fees, strong Web3 integration, and are outside the US
Choose Binance if: You want the largest selection and ecosystem
Choose Bybit if: Derivatives trading is your primary focus
Choose Coinbase if: You're a US beginner prioritizing security
Who Should Use OKX?
Ideal Users ✅
- Fee-conscious traders who want some of the lowest rates globally
- Active derivatives traders seeking deep liquidity and low futures fees
- Web3 enthusiasts who want CEX and DeFi in one platform
- International users (non-US) looking for a top-tier exchange
- Altcoin hunters seeking fast access to new token listings
Consider Alternatives If ❌
- US residents: OKX is not available—try Coinbase or Kraken
- Complete beginners: The interface may be overwhelming
- EEA/AU users seeking low fees: Regional rates are significantly higher
- Users requiring phone support: OKX doesn't offer it
How to Get Started with OKX
Step 1: Create Account (2 minutes)
Visit okx.com, click "Sign Up," enter your email or phone number, and create a password.
Step 2: Complete KYC (5-15 minutes)
Provide personal information, upload a government ID, and complete facial verification. Most verifications complete within minutes.
Step 3: Secure Your Account
Enable 2FA via authenticator app, set an anti-phishing code, and consider enabling address whitelisting for withdrawals.
Step 4: Deposit Funds
Deposit crypto from another wallet, buy with fiat via bank transfer or card, or use P2P trading for zero-fee purchases.
Step 5: Start Trading
Use "Convert" for simple swaps, "Spot" for standard trading, or explore derivatives if experienced. Consider using demo mode first to practice.
Frequently Asked Questions
Is OKX safe to use in 2026?
Yes, OKX is considered safe with strong security measures including cold storage for 95%+ of funds, monthly Proof of Reserves, 2FA, anti-phishing codes, and regulatory licenses in multiple jurisdictions. The 2020 withdrawal suspension (resolved without fund losses) is the main historical concern. Always use all available security features.
What are OKX's trading fees?
OKX global fees start at 0.08% maker / 0.10% taker for spot and 0.02% maker / 0.05% taker for futures. However, fees vary by region—EEA users pay 0.20%/0.35% and Australian users pay 0.40%/0.40% at base tiers. VIP tiers significantly reduce fees for high-volume traders.
Is OKX available in the United States?
No, OKX is not available to US residents due to regulatory restrictions. US traders should consider Coinbase, Kraken, or Gemini as alternatives.
Is OKX better than Binance?
OKX offers lower spot fees globally (0.08%/0.10% vs Binance's 0.10%/0.10%) and a superior Web3 wallet. Binance offers more cryptocurrencies, a larger ecosystem, and better US access (via Binance.US). For most traders outside the US, both are excellent choices—OKX edges out on fees, Binance on selection.
What is OKX's Web3 wallet?
OKX's Web3 wallet is a non-custodial multi-chain wallet supporting 80+ networks. It includes a DEX aggregator, NFT marketplace, DeFi access, and cross-chain bridging. You control your private keys while benefiting from OKX's interface. It competes directly with MetaMask and Trust Wallet.
Does OKX have staking?
Yes, OKX offers multiple earn products including Simple Earn (flexible/fixed deposits), on-chain staking, dual investment, and DeFi yield opportunities. APY varies by asset and market conditions.
What is OKB?
OKB is OKX's native utility token. Holders receive fee discounts, access to Jumpstart token sales, and other platform benefits. OKB can be used for staking and is tradeable on the platform.
How long do OKX withdrawals take?
Crypto withdrawals typically process within minutes to a few hours depending on network conditions and security reviews. Large withdrawals may require additional verification. Fiat withdrawals depend on the method and region (typically 1-5 business days).
Is OKX regulated?
Yes, OKX holds multiple regulatory licenses globally. OKX Europe Limited is authorized by MFSA (Malta) under the MiCA framework for EU operations. OKX also holds a VARA license in Dubai and is registered with AUSTRAC in Australia. The platform continues to expand its regulatory footprint.
What is OKX Proof of Reserves?
OKX publishes monthly Proof of Reserves reports showing that customer funds are fully backed 1:1 (or greater). The proof is on-chain verifiable using Merkle tree cryptography, allowing users to independently verify their holdings are included. This transparency measure was implemented to build trust following industry-wide concerns after FTX's collapse.
Can I use OKX in the UK?
OKX has limited availability in the UK. Some services may be restricted due to FCA regulations. UK users should check current availability directly on OKX's website, as the regulatory situation continues to evolve.
Does OKX have a native token?
Yes, OKB is OKX's utility token. Holding OKB provides benefits including trading fee discounts, access to Jumpstart token sales, exclusive promotions, and staking rewards. OKB can be traded on OKX and other exchanges.
Is OKX good for beginners?
OKX offers powerful features but has a steeper learning curve than beginner-focused platforms like Coinbase. The "Convert" feature and demo trading mode make it more accessible, but the full interface with derivatives, bots, and Web3 features can be overwhelming. Beginners may prefer to start with simpler platforms before graduating to OKX.
Our Review Methodology
At Bitcompare, we independently research every platform we review. Our OKX review is based on:
- Fee verification: We confirmed fee schedules across global, EEA, and AU regions via official OKX documentation
- Security assessment: We reviewed Proof of Reserves, security features, and historical incidents
- Platform testing: We evaluated the trading interface, mobile app, and Web3 wallet
- Regulatory verification: We confirmed licensing status in key jurisdictions
- Support evaluation: We reviewed user feedback and tested support channels
- Competitor comparison: We benchmarked against Binance, Bybit, Kraken, and Coinbase
We update this review quarterly or when significant changes occur. Last full review: February 11, 2026.
Editorial Independence: Bitcompare maintains complete editorial independence. Our reviews are not influenced by partnerships or advertising. Where affiliate links are present, they do not affect our ratings or criticism.
Final Verdict
OKX earns a 4.3/5 rating as one of the best cryptocurrency exchanges for traders who prioritize low fees and Web3 functionality. Global spot fees of 0.08%/0.10% beat most competitors, and the integrated Web3 wallet is among the best in the industry.
Best for: International traders (non-US) who want low fees, extensive derivatives options, and seamless Web3 integration.
Skip if: You're a US resident (not available), a complete beginner (steep learning curve), or an EEA/AU user seeking the lowest possible fees (regional rates are higher).
Bottom Line: OKX offers institutional-grade trading infrastructure at retail-friendly prices. If you're outside the US and comfortable with a professional trading interface, OKX delivers excellent value—just be aware that fees vary significantly by region.
Ready to start? Visit OKX to create your account.
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