OKX Review 2025 – Features, Fees and Pros and Cons

OKX is among the top five crypto exchanges by trading volume globally, offering some of the fastest transactions, lowest fees, and powerful APIs. On OKX, users can trade many cryptocurrencies and trading pairs, manage their DeFi portfolios, buy, sell, and create on the NFT Marketplace, use its Web3 Wallet, and discover top dApps.

Our in-depth OKX review breaks down the platform’s standout features, advanced trading tools, and key strategies to optimize your trading experience. It also covers OKX’s security, trading fees, and comparisons to other popular crypto exchanges.

OKX Overview- What is OKX?

OKX, formerly known as OKEx, is a cryptocurrency exchange based in Seychelles. It was founded by Star Xu, a Chinese entrepreneur, in 2013 but launched in 2017. At the beginning of 2022, OKEx was rebranded as OKX with a new roadmap and branding.

OKX is consistently ranked among the top global crypto exchanges by trading volume, often placing in the top five alongside Binance, Bybit, and Coinbase. The exchange supports more than 350 cryptocurrencies and over 500 trading pairs and is available in over 100 countries. 

What many people want to know is: ‘Can you use OKX in the US’? While OKX has a presence in the US and offers Web3 services, such as its wallet and decentralized applications, its centralized exchange services are unavailable to US residents due to regulatory restrictions.

The exchange offers basic trading features, such as spot and simple options, and derivatives, including futures, margin, perpetual swaps, and options. Other products include a wallet, trading bots, OKX Earn, and Jumpstart, the exchange’s launchpad. OKX has a mission to take care of its team and promote and advance crypto worldwide.

OKX Services and Products

This section of our OKX exchange review focuses on all the products and services OKX offers. 

Trading Instruments

Users can take advantage of several trading instruments on OKX:

Spot Trading

OKX offers spot trading with a 10x leverage. It also provides technical indicators, charting tools, and many order types to simplify your trading process. Some popular spot market order types on OKX are:

• Limit
• Trailing stop
• TP/SL
• Iceberg
• Trigger
• TWAP

Futures

Users can trade perpetual and expiry futures with up to 100x leverage on OKX. Similar to the spot market, the OKX futures portal has a wide range of order types and tools to suit different trading strategies. They include limit orders, market orders, advanced order types like trailing stops, and stop-limit orders.

Copy Trading

OKX offers copy trading, allowing users to copy the strategies of experienced traders, making it a great option for beginners or those looking to diversify their trading approach. They can copy one trader when using the “Buy/Sell” position mode and up to 10 trades when using the “Open/Close” position mode.

For a detailed copy trading review and answers to the most common questions, users can explore how this feature allows for effortless replication of top traders’ strategies here.

Margin Trading

OKX also offers margin trading on spot markets, where you can use leverage to multiply your returns when trading. Margin trading uses a loan agreement to multiply your effective funds. For example, if you deposit $100 and use 2x leverage, you will gain double the profits if price moves your way. Conversely, if price falls you will suffer twice the losses. While experienced traders can use leverage to lock in greater profits, margin trading comes with a lot of risk and can wipe out an entire portfolio if the market moves in the wrong direction. Use leverage with caution.

OKX offers up to 10x leverage for trading on spot markets.

Options

OKX currently offers only one asset that you can trade options on: Bitcoin. However, the platform is continuously evolving, and additional assets may be introduced in the future.

P2P Trading

OKX is also among the top-rated(P2P) trading services that connect buyers and sellers of digital assets directly. The platform uses a secure escrow system to protect P2P users, meaning that when they initiate a trade, OKX temporarily freezes the cryptocurrency in question until the seller and buyer confirm the successful transaction completion. OKX doesn’t charge any fees for the trades.

The exchange currently supports four cryptocurrency assets (BTC, ETH, USDT, and USDC) on its P2P market.

Convert

Users can convert any cryptocurrency to another on OKX with its simple and instant feature. When testing this feature for our OKX broker review, we found that you just need to choose the asset you want to convert and the asset you want to receive in exchange. You can enter the amount you want to convert first or the amount you want to receive.

When selecting the cryptocurrency you want to convert, your available balance will appear on that page. The feature lets you buy or deposit more funds directly on the page. After entering the amount you want to convert, you should confirm that the cryptocurrency will be deposited to your OKX account. 

Earn

OKX Earn allows users to generate interest on their assets through many investment products, including:

• Structured products: It enables users to earn higher APRs from derivative markets with some risk protection. The returns vary depending on the final price level when their order expires and the price movement of the underlying crypto.
• Simple Earn: Users can choose between flexible terms, allowing for easy deposits and withdrawals with interest calculated daily, or fixed terms, which offer potentially higher returns for committing assets over a set period.
• On-chain Earn: This presents a curated selection of DeFi and staking protocols for on-chain rewards. The two products offer different ways of earning. For instance, users earn rewards for staking products by contributing to the blockchain network’s security, making OKX one of the major staking platforms. At the same time, DeFi products allow users to earn rewards by participating in yield farming, providing liquidity, and borrowing or lending cryptocurrency.

Wallet Overview

OKX wallet is a decentralized multi-chain wallet that provides users access to over 1,000 dApp protocols and features, including yield farming, multi-chain and cross-chain DEX, dApp discovery, and NFT marketplace. 

With the OKX Web3 wallet, users can easily access Arbitrum, Ethereum, OKC, Aptos, BSC, and other networks. This way, they don’t have to create several wallets for different public chains, simplifying multi-chain asset management. It’s worth mentioning that OKX Wallet has passed a security audit by Slowmist. The wallet is available on Android, iOS, and web browsers. You can learn more in our OKX Wallet review.

Trading Bots

OKX allows its users to make profitable investments with powerful algorithmic trading bots. As every OKX trading bot review confirms, these are customizable crypto bots that help traders create many automated trading strategies. Unlike traditional manual trading, the bots can execute orders with lower costs and risks while grasping the best trading timings. They are free for all OKX users.

Jumpstart

Jumpstart is a section within the OKX platform that offers access to the latest crypto sales and Initial Exchange Offerings (IEOs). OKX conducts warm-ups in advance for all events and announces relevant rules for participants to prepare. To participate, users first have to register on OKX, complete identity verification, and hold a specific amount of required crypto for staking before participation. 

Demo Trading

Now, there is one feature of an OKX account that I find very interesting and rare in the world of crypto exchanges. I’m talking about the OKX demo trading feature that allows users to test out trades and strategies using fake money. If you’ve never heard of demo trading or paper trading it is a simulation of live trading where users can practice trading financial assets without risking real money. It allows traders to experiment with strategies and gain experience using virtual funds, typically provided by brokerage platforms.

This is a cool feature for newer traders or even more experienced traders looking to test out something new.

Supported Currencies and Payment Methods on OKX

OKX supports more than 350 cryptocurrencies and over 500 trading pairs. The most popular cryptocurrencies include:

• established coins, like $BTC, $ETH, $SOL, and $XRP
• stablecoins, such as USDC
• even meme coins, like Pepe and Dogecoin

Here’s the list of supported assets. The wide crypto selection ensures you have numerous options to explore new investment opportunities and diversify your portfolios.

OKX also provides an NFT Marketplace to buy, sell, and trade NFTs.

As for fiat payment methods, you can buy crypto using your debit/credit card, PayPal, Apple, and Google Pay, or SEPA/SWIFT transfer facilitated by a third-party vendor. There are several third-party vendors that you can use to buy crypto on OKX, including MoonPay, Banxa, Simplex, and many more. The payment options available will vary depending on your region and the fiat currency you wish to use.

OKX Fees & Commissions

OKX’s fee structure for spot and derivatives is based on the market taker and maker model. OKX users are divided into regular and VIP levels. The former are categorized by their OKB holdings (the native token of OKX), while the latter are based on the asset amount and 30-day trading volume. Let’s take a look at the spot trading maker/taker fees for regular users:

The OKX futures fees go up to 0.020% for makers and 0.050% for takers, whereas options fees go up to 0.030% for both makers and takers. 

A network fee is applied for every withdrawal to cover the transaction costs related to transferring crypto from an OKX account.

The OKX withdrawal fees vary depending on factors like the congestion level on the blockchain network. You can find the exact fee amount on the withdrawal page.

OKX Exchange Review: Availability

Countries

OKX can be used in over 10 different languages, including English, Spanish, French, and Russian, and is available in over 100 countries, including:

• The US (only its Web3 services)*
• Australia
• Seychelles
• Hong Kong
• Mexico
• United Arab Emirates (UAE)
• European Economic Area (EEA) countries
• Singapore
• Brazil

OKX fully restricts its services in a few regions while providing partial access in others. Here’s the list of some of the restricted regions:

• Algeria
• Bangladesh
• Malaysia
• Nepal
• Canada
• Afghanistan
• Cuba
• Syria
• El Salvador
• Bolivia
• Hong Kong

OKX-supported and restricted countries can be found on their terms and conditions page on their website.

*While OKX US customers can enjoy the platform’s Web3 services, OKX doesn’t offer exchange services in the US.

Devices

You can access OKX easily through a browser, desktop, and mobile app.

 Every OKX app review highlights that both apps are among the top-rated mobile crypto apps and offer a user-friendly interface and all the necessary features you need. You can place orders, check prices, and manage your portfolio. The desktop app is available for Mac OS and Windows, and the OKX mobile app supports Android and iOS devices. 

Customer Support and User Experience

OKX has a comprehensive support center with a self-service function, which helps you do various things like change your account details without needing to wait for a customer support agent. There is also an extensive FAQ section that answers most questions that you may have about the many OKX services. If you still require personalized assistance, you can speak with their AI bot via live chat or to a human customer support agent over the phone.

OKX provides a good user trading experience. Its interface is simple enough for beginners and provides the customizability experienced traders prefer. The trading platform is well-designed. Even if it appears complex to new traders, many guides help them get started, including step-by-step tutorials, videos, and a responsive help desk.

Numerous tools for analyzing the market include ways to set up different kinds of orders and charts. In addition, the mobile app enhances the experience for traders who are always on the move.

OKX Reviews and Common Issues

There are mixed OKX crypto exchange review findings from users. Many like that the platform is easy and simple to use and praise its fast transactions, making it a good choice for quick trades. Its low fees also appeal to users, resulting in positive reviews, especially from those who want to save on costs.

There are some negative reviews about withdrawals and support affecting its average rating. Several users mention an OKX scam reporting lost funds, a serious issue. Others have complained about withdrawal issues, while some leave negative reviews about poor customer service, especially when problems arise. 

The apps have received ratings of 4.7 on the App Store and 4.6 on Google Play. OKX’s Trustpilot score is average, at 3.6.

OKX Security – Is OKX Reliable?

OKX offers its own security framework, OKX Protect. 50 M traders trust the system and have secured more than $29T in trading volume.

The platform subjects its product to strict evaluations by top on-chain specialists and leading independent firms, ensuring security and reliability. More specifically, OKX has been independently verified by top security experts Slowmist and Certik. 

Some of OKX’s security measures include:

• Account protection
• Platform security
• Asset and self-custody
• Cyber defense unit
• 24/7 specialist support
• Regulatory compliance

The OKX crypto exchange maintains a 1:1 reserve of users’ funds on its platform and occasionally performs Proof-of-Reserve reports.

OKX vs. Competitors

When comparing OKX to Kraken review, OKX offers competitive fees lower than Kraken’s. OKX excels in customer support with 24/7 live chat, email, tickets, and social media, surpassing Bybit’s limited support but falling behind Kraken’s phone assistance. While it is available in 100+ countries, the Binance review reveals a larger global reach.

OKX is a solid choice with low fees, strong trading options, and reliable support, though other exchanges may offer broader accessibility and additional features.

How to Use OKX

In this section of our OKX platform review, we’ll explore the process of signing up for this platform and the steps involved in trading.

How to Sign Up to OKX

To open an account on OKX, here’s what you need to do:

1. Visit the official OKX site and click ‘Sign Up.’
2. Choose your country in the given field, check that you’ve read the terms of service, and click ‘Next.
3. Provide your email address in the given field, and choose ‘Sign up.’ If you have a referral code, insert it here. 
4. You will receive an email containing a six-digit registration verification code. Enter the code into the given field and click ‘Next.’

1. Provide your phone number in the given field, and choose ‘Verify now.’
2. On your phone, you will receive a six-digit registration verification code. Enter the code into the given field and click ‘Next.’
3. Enter a password in the given field. Click ‘Next.’.
4. To start trading on OKX, you should first verify your account, as OKX is a KYC platform. 
5. You can now access your account dashboard.

How to Trade on OKX

1. Create an account on OKX. 
2. Fund your OKX account by buying or depositing crypto. You can access the Buy section by selecting Buy/Sell from the main menu on the website. To deposit, click ‘Assets’ on the menu and choose ‘Deposit’ from the list.
3. Access OKX Smart Trading. This feature simplified trading through three powerful tools: bot trading, copy trading, and signal trading.

OKX Review: Pros and Cons

Conclusion: Is OKX Legit?

The short answer is yes. As mentioned in our OKX review, the platform prioritizes security with multiple protective features and ranks as the fourth crypto exchange by trading volume globally. It offers a wide range of services and trading features, including derivatives, a wallet, trading bots, and OKX Earn, among others. OKX is available in over 100 countries and supports some of the best altcoins, offering users a good trading experience with an easy-to-use interface.

However, limited availability in the US and occasional customer support concerns may be drawbacks for some users. 

If you’re looking for a high-quality, feature-rich crypto exchange with strong security measures and wide asset support, OKX could be the perfect solution. 

OKX Exchange Review: FAQs

OKX

8.3

Currency support

9.0/10

Ease of use

7.9/10

Fees

9.1/10

Support

7.2/10

Pros

• Wide range of services
• Supports many fiat currencies
• Large asset selection
• Low fees

Cons

• Not available to US users
• Complicated for beginners

OKX Exchange