What is the OKX Cryptocurrency Exchange?
OKX is an international cryptocurrency exchange operating in approximately 200 countries, headquartered in Seychelles. Despite its global reach, OKX does not currently offer services in the United States. The platform combines a user-friendly trading interface with competitive low fees, attracting a worldwide clientele.
Originally launched in 2017 as OKEx, the platform rebranded to OKX in 2022. Consistently ranked among the top 20 exchanges by trading volume, OKX boasts over 20 million users despite its absence in the U.S. market.
Available Cryptocurrencies on OKX
OKX supports trading for over 300 cryptocurrencies, frequently adding popular altcoins to its offerings. Some of the most traded assets include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Shiba Inu (SHIB)
- TRON (TRX)
- XRP (XRP)
- Dogecoin (DOGE)
Key Features of OKX
The OKX trading platform is designed for both beginners and experienced traders, offering:
- Intuitive buy/sell/stake/swap functionality
- Stablecoin conversion services
- Margin trading options
- Automated trading bots for strategy execution
👉 Discover OKX's advanced trading tools
Fee Structure
OKX maintains competitive fees, with spot trading fees capped at 0.10%. Users can qualify for discounted fees through the OKB token loyalty program. Note that withdrawal fees vary and aren't fixed in advance.
Security Measures
While cryptocurrency markets carry inherent risks, OKX implements robust security protocols:
- Two-factor authentication (2FA) requirements
- Cold wallet storage for majority of funds
- Optional withdrawal password feature
- Hardware-secured offline storage solutions
Pros and Cons of OKX
Advantages:
- Low trading fees (max 0.10%)
- High yields for staking
- Multiple payment options
- Quick token purchases
Challenges:
- Mixed online reviews
- Lower liquidity for some altcoins
OKX in 2025: Outlook
OKX has established itself as a trusted platform with millions of users worldwide. Its combination of competitive fees, high liquidity for major tokens, and user-friendly interface makes it a strong contender in the crypto exchange space, despite minor limitations.
Frequently Asked Questions
How can I check withdrawal fees for EUR or Bitcoin?
OKX calculates withdrawal fees dynamically based on network conditions. The exact fee appears during the withdrawal process before final confirmation.
What is a "Funding Password" and how does it differ from 2FA?
The Funding Password provides an additional security layer specifically for financial transactions, separate from your login credentials and 2FA codes.
Are OKX trading bots free to use?
Yes, the platform offers free access to various trading bots (Spot Grid, DCA, Arbitrage), with users only paying standard transaction fees.
What's the difference between OKX Exchange and OKX Wallet?
The exchange is a centralized platform, while OKX Wallet is a non-custodial Web3 wallet giving users full control over their private keys.
How does Seychelles registration affect European users?
The offshore jurisdiction means fewer regulatory protections compared to EU-based exchanges, potentially complicating dispute resolution.
👉 Compare OKX fees with other exchanges
How does OKX Jumpstart work?
Similar to Binance Launchpad, Jumpstart allows users to stake OKB tokens for early access to new cryptocurrency projects before public listing.