(4.6 / 5)7+ Ratings

OKX Reviews

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Overall Rating

4.6

7 Reviews

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About OKX

OKX.com is a cryptocurrency exchange platform that offers various trading options, including spot trading, futures, and DeFi services. It provides a user-friendly interface and competitive trading fees. Users can sign up for an account using a referral code, such as "OKUSDT," to unlock bonuses and rewards, including a Mystery Box worth up to $10,000 USDT.

For more detailed information, you can visit the OKX website or refer to the provided sources.

OKX Pros & Cons

OKX.com Pros:

High Trading Volume and Liquidity: OKX ranks fourth in trading volume and liquidity, offering a robust platform for spot and futures trading.
User-Friendly Interface: The platform has a user-friendly interface, available on both desktop and mobile applications, making it accessible to users of all levels.
Low Fees: OKX charges competitive fees, starting at 0.08% for makers and 0.1% for takers in the spot market, with zero deposit and withdrawal fees.
Advanced Trading Features: The platform offers advanced trading features like margin trading, options trading, and futures contracts, along with detailed charting tools and real-time data.
Web3 Wallet and NFT Support: The OKX Web3 wallet supports decentralized finance (DeFi) and non-fungible tokens (NFTs), providing an all-in-one solution for managing cryptocurrencies and NFTs.
Passive Income Opportunities: The Earn program allows users to generate passive income through various DeFi opportunities.
Wide Range of Cryptocurrencies: OKX supports over 670 market pairs and a wide range of cryptocurrencies, catering to diverse investor preferences.

OKX.com Cons:

Customer Support Issues: Many users have reported issues with getting timely responses from the support team, particularly for urgent matters like account issues or fund recovery.
Geographical Restrictions: OKX is not available to users in the US and Canada, posing a significant limitation for potential customers in these regions.
Withdrawal Limitations and Fees: The platform imposes certain restrictions on withdrawals, and some users have criticized the unclear withdrawal fees.
Complex Features for Beginners: The advanced trading features can be overwhelming for new users, especially those unfamiliar with terms like margin trading or futures contracts.
Limited Payment Options: The app lacks a fiat off-ramp, meaning users cannot swap for fiat and withdraw to a bank account.
App Stability Issues: Some users have reported issues with app stability and trade execution, particularly during high trading volumes.

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OKX Customer Reviews (7)

0/5

Claudia Shuster

Verified Buyer

Jul 23, 2024

Uta Meyer

Verified Buyer

Jul 23, 2024

Anja Klein

Verified Buyer

Jul 21, 2024

Elbika Shervashidze

Verified Buyer

Jul 21, 2024

Thomas Blackburn

Verified Buyer

Jul 20, 2024

Jessica Bryan

Verified Buyer

Jul 19, 2024

Oriel Lereau

Verified Buyer

Jul 18, 2024

OKX Customer’s Q&A

No question yet

OKX Features and Benefits

OKX offers a range of key features and benefits that make it a popular choice among cryptocurrency traders:

Interactive UX and Seamless Navigation: The platform provides a user-friendly interface that is easy to navigate, making it suitable for both beginners and experienced traders.
Diverse Trading Pairs: OKX supports a wide variety of trading pairs, allowing users to trade multiple cryptocurrencies and diversify their portfolios.
Advanced Trading Options: The platform offers numerous advanced trading options, including margin trading, futures, and trailing stop orders, catering to experienced traders.
Low Fees: OKX is known for its competitive trading fees, which range from 0.1% to 0.2%, depending on the trader's monthly trading volume.
High Liquidity: The platform boasts high liquidity, reducing the risk of slippage and making it an excellent choice for trading significant amounts of cryptocurrency.
Crypto Staking and Lending: OKX offers lucrative staking programs and lending services that enable users to earn rewards and interest on their crypto holdings.
Robust Security Measures: The platform employs advanced security features such as cold storage, withdrawal passwords, and adherence to KYC and AML standards to protect user funds and data.
Global Presence: OKX caters to users worldwide, providing access to a diverse range of cryptocurrencies and trading options.
Fiat Deposits: Users can deposit fiat currencies like USD into their accounts and buy crypto directly from the platform.
User-Friendly Mobile App: OKX offers a mobile app that provides a seamless trading experience on the go.

These features and benefits make OKX a comprehensive and versatile platform for cryptocurrency trading.

OKX Pricing

OKX offers different trading fees for regular and VIP users. Regular users are categorized into tiers based on their total OKB holdings, while VIP users are categorized by 30-day trading volumes and daily asset balances.

For regular users, the maker fee ranges from 0.080% to 0.060%, and the taker fee ranges from 0.100% to 0.060%. For VIP users, the maker fee ranges from 0.045% to -0.005%, and the taker fee ranges from 0.050% to 0.015%.

Fee tiers are updated daily, and users can avail discounts based on their tier. The 24-hour crypto withdrawal limit for regular users is 10,000,000 USD, while for VIP users, it ranges from 12,000,000 USD to 40,000,000 USD.

For spot markets, trading fees are charged in base currencies. For example, if trading BTC/USDT, fees are charged in BTC. Users can also get fee rebates paid in the same currencies as trading fees.

Total asset balance is calculated daily at 4:00 PM UTC by taking a snapshot of all crypto assets and converting the value to BTC, then to USD based on the daily middle price of BTC/USD.

For more detailed information, visit the OKX website.

OKX FAQs

OKX Alternatives

Here are the top 10 OKX alternatives based on various sources:

Binance - Known for its wide range of trading options, high liquidity, and extensive cryptocurrency offerings.
Coinbase - Offers a user-friendly platform for buying, selling, and storing various digital currencies with a focus on security and simplicity.
Bybit - Ideal for global accessibility and offers a variety of trading options with high liquidity.
Uphold - Provides a secure platform for trading various assets, including Bitcoin and 250+ cryptocurrencies, with a user-friendly interface.
Gemini - A popular centralized cryptocurrency exchange and digital asset custodian known for its security and simplicity.
Robinhood - Offers commission-free investing in stocks, options, ETFs, and cryptocurrencies, making it a great option for beginners.
Deribit - Specializes in futures and options trading in cryptocurrency with high leverage options.
Phemex - A user-friendly exchange with a variety of trading options, including trend trading arbitrage, but with limited cryptocurrency support.
Kriptomat - An EU-based and licensed exchange that offers a simple way to buy, sell, and store crypto with multiple fiat payment options.
eToro - A multi-asset social trading platform that allows users to mimic successful investors through its copy trading feature.