Founded in 2017, OKX has grown to serve over 20 million users. With over 400 cryptocurrencies to invest in and a trading bot that simplifies the trading process, OKX has become a popular choice for crypto enthusiasts.
But, the big question is: is OKX legit and safe or just another crypto scam? In our comprehensive OKX review, we’ll dive deep into the crypto exchange‘s features and security measures to help you make an informed decision.
| 5 Stars |
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66.7% |
| 4 Stars |
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33.3% |
| 3 Stars |
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0.0% |
| 2 Stars |
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0.0% |
| 1 Star |
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0.0% |
OKX users can trade fiat to crypto and crypto to crypto pairings, plus invest in over 400 cryptocurrencies including Bitcoin, Litecoin, Ethereum, Litecoin, Cardano and Dogecoin.
OKX makes use of a black, white and blue colour scheme throughout and provides plenty of relevant information to users on the scrollable homepage. Traders can access all key areas of the site across the top of the screen and further links, including about, legal and security, service and support, can be found at the bottom. All areas of the site load promptly and registration was a painless experience.
| Funding account | The main account type at OKX allows you to deposit, withdraw and transfer. |
| Spot account | Funds sent to this account can be used for spot trading across all pairs |
| Margin account | Any funds in this account can be used for margin trading. Each trading pair is linked to its own account. |
| Futures account | Used for any futures markets. Each futures contract is linked to an individual account. |
| Perpetual swap account | For perpetual swap trading only. Each contract will have a separate account. |
| Options account | Used solely for options trading, including Bitcoin. |
| Fiat account | An ideal account for trading fiat for crypto. |
| Savings account | Any “spare” coins can build interest in the OKX savings account |
| Mining account | For storing funds obtained from the OKX pool. |
| Advanced Charting tools | OKX users can level up their trading strategies and experience with the use of MACDs, RSIs, Bollingers and more. |
| OKX TradingBot | The TradingBot offers up seven modes that will offer traders the chance to set triggers to enter and exit the market automatically. |
| Learn with OKX | Find tutorials for beginners, trading ideas, strategies and industry analysis at OKX |
Purchases of crypto can be made through third-party providers using Visa, Mastercard, Bank Transfer and Apple Pay. Most users will opt to transfer cryptocurrencies from personal external wallets.
| Minimum deposit | £10 |
| Deposit fee | Free |
| Inactivity fee | N/A |
| Account fee | N/A |
| Maximum leverage | 1:20 |
| Overnight fee | N/A |
| Minimum withdrawal | Varied based on token/asset |
There are various ways OKX traders can get in contact with the support agents, including online chat, social media and email. FAQs can also be found in the Support Centre.
The parent company of OKX is registered in Seychelles. The OKX site itself makes use of the latest encryption technology and credible payment methods, allows users to set 2FA on their accounts, and stores all client funds in cold storage (offline).
Yes, all traders can obtain full access to their accounts and portfolios through a dedicated mobile app. OKX Android and iOS apps are available at respective stores.
Currently, OKX has over 20 million registered users
Yes, once a deposit of £50 has been made, traders can unlock a mystery box
No, you can learn, loan, build and develop with OKX, too.
OKX users can look to trade and invest in over 400 cryptocurrencies online or via a dedicated mobile app. When you consider that OKX traders can also make use of various bonuses, charting tools, low fees and free strategies, you could argue that they are in the running to be crowned the best crypto exchange 2024.
One of the standout features of OKX is its futures trading options. The platform offers futures trading for a variety of cryptocurrencies, and its user interface is quite easy to use. I’ve also found their customer support to be responsive and helpful.
OKX takes security very seriously, which gives me peace of mind when using the platform. The exchange has implemented multiple layers of security, including two-factor authentication and mandatory identity verification. I appreciate the extra steps taken to keep my funds and information safe.
OKX has low trading fees compared to other exchanges in my experience. The platform also has a good selection of cryptocurrencies available for trading. Overall, it’s a solid option for traders looking to get into the crypto market
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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