OKX Review 2025

OKX info

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OKX Security

The most important feature of centralized exchanges is security. OKX tries its best in terms of security, using several layers of protection to safeguard user funds and data. It also uses Proof of Reserves to ensure that the exchange has enough assets to cover user balances. 

It also uses Two-Factor Authentication (2FA), mandatory for certain transactions like withdrawals and account changes. This can be done using Google Authenticator or SMS-based 2FA. Moreover, OKX uses cold storage to secure its funds and minimize exposure to cyberattacks.

Despite all these attempts, OKX has had its security reputation in jeopardy. OKX has experienced several breaches over the years, with the most recent one occurring in June 2024. To address this, OKX undertook several security enhancements. Nonetheless, it still operates in many regions without strong regulatory oversight. 

OKX Fees

Spot 

OKX uses a tiered fee structure based on trading volume and asset holdings. Regular users with under $100,000 in assets pay 0.08% for maker fees and 0.10% for taker fees, with reduced rates for higher levels. The lowest fee for regular users is 0.06% for makers and 0.06% for takers, available to those holding over 1,000 OKB tokens.

For VIP users, fees decrease as assets or trading volume increase. VIP 1 users with over $100,000 in assets pay 0.045% for makers and 0.05% for takers. The highest VIP tier, VIP 8, offers negative maker fees of -0.005%, effectively rewarding users for providing liquidity and a taker fee of 0.015%. Higher VIP tiers have significantly increased 24-hour withdrawal limits, reaching up to $40 million for the top tiers.

Futures

At the lowest level, regular users pay 0.02% for maker fees and 0.05% for taker fees, with fees decreasing for higher asset holdings. For example, users holding over 1,000 OKB or with $50 million in trading volume pay 0.015% for maker fees and 0.03% for taker fees.

VIP users enjoy even lower fees. VIP 1, with a minimum of $100,000 in assets or $50 million in trading volume, pays 0.01% maker and 0.03% taker fees. Higher tiers, such as VIP 8, offer negative maker fees of -0.005%, meaning OKX rewards these users for providing liquidity and a 0.015% taker fee. Additionally, higher VIP tiers provide 24-hour crypto withdrawal limits, up to $40 million for top tiers, similar to spot trading.

Options

At the lowest tier, regular users pay 0.02% maker and 0.03% taker fees, with reduced fees for higher OKB holdings or trading volume. The highest regular tier offers 0.015% maker and 0.03% taker fees for users with over 1,000 OKB or under $5 million in trading volume.

For VIP users, fees further decrease based on their level. VIP 1 users with at least $100,000 in assets or $5 million in trading volume pay 0.01% maker and 0.02% taker fees. At the top VIP level, VIP 8, OKX offers negative maker fees of -0.01%, effectively paying users for liquidity provision, with a 0.013% taker fee.

Spreads

OKX applies a 50% discount on the standard fee rate for spreads trading for each instrument based on the user’s tier level. Regular users with less than $75 million in 30-day trading volume or less than 1,000 OKB holdings are eligible for this discount, with no further differentiation between specific maker and taker fees.

VIP users receive enhanced benefits based on their asset holdings or trading volume. For example, VIP 1 users, starting at $100,000 in assets or $75 million in trading volume, receive the same 50% discount on the classic rate. At the highest VIP 8 level, users with $30 billion in trading volume enjoy the discount while accessing up to $40 million in 24-hour crypto withdrawal limits.

Deposits and Withdrawals

Similar to other exchanges (i.e., ByBit), OKX does not charge fees for cryptocurrency deposits. However, network fees for blockchain transactions may apply based on the cryptocurrency used and network conditions (congestion). 

However, OKX does charge network fees for crypto withdrawals. These withdrawals vary depending on the cryptocurrency and network. For instance, withdrawing BTC comes with a fee of 0.00003 BTC. ETH fees can vary from 0.00004 ETH to 0.013 ETH depending on which network you use (i.e., fees are higher when using the Ethereum network). The same applies to stablecoins such as USDC, where fees range from 0.098 USDC (when using Arbitrum network) to 2.93 USDC (when using the Ethereum network). 

OKX also has minimum withdrawal amounts, which vary from the type of cryptocurrency and network you want to use for withdrawals. For the full list of cryptocurrency withdrawal fees, you can use the official OKX website. 

Here are some additional fees if you want to buy USDT using fiat. 

Buy USDT with USD Fees:

• 38.58% WMZ
• 36.48% Webmoney
• 2.25% Wise

Buy USDT with EUR Fees:

• 2.82% Bank Transfer, SEPA
• 0% Revolut
• 16.52% Bizum
• 3.2% Paysera

Buy USDT with GBP Fees:

• 7.15% Bank Transfer
• 2.02% Revolut
• 9.94% Wise

Opening an Account and Trading

How to Open an Account and Trade

First, you must download the mobile app or visit the OKX website. There, you have to register, for which you must specify your country (country of residence).

Then, you will have to add an email or phone number to create an account, which you need to verify with a code sent to you. After accepting the terms of use, you can create your account.

Post Sign-Up Verification

Once in, OKX will ask you to complete the KYC verification so that you have access to all the features that OKX provides. For individual identification, you can use a national ID, a selfie, and, if applicable, a Proof of Address. The whole process is smooth and quick if done correctly (i.e. proper lighting for the pictures).

Post Identity Verification Deposit

Once you verify your identity, you can deposit money in your account either via crypto or fiat. 

If you use fiat, you must go to the “Buy crypto” button, where you can select whether you want to use “Express Buy” (using Visa, Mastercard, Apple Pay, or other methods) “P2P trading,” (paying a selling party directly) or “Third-party payment” (using third-party institutions). Some of these payment methods are only available in certain countries. 

If you use crypto, go to “assets” and select “Deposit.” Select the cryptocurrency, network, and deposit account and send the funds to the exchange’s address. OKX notifies you for every deposit or withdrawal. 

Once your funds arrive, you can trade cryptocurrencies in the “Trade” section of the exchange. OKX provides both beginner and advanced trading options. 

Partnerships

In March 2022, OKX became Manchester City’s official cryptocurrency partner. By July, they also became the training kit sponsor for both the men’s and women’s teams. In February 2023, OKX partnered with Manchester City players İlkay Gündoğan, Jack Grealish, Rúben Dias, and Alex Greenwood to launch exclusive immersive metaverse experiences for fans. Later, in July 2023, OKX secured a deal worth £55 million over three years to sponsor Manchester City’s shirt sleeves, replacing Nexen Tire.

In May 2022, OKX signed a multi-year partnership with McLaren, becoming a primary sponsor. This collaboration introduced a cyberpunk-inspired livery at the Singapore and Japanese Grand Prix in 2022. By March 2023, OKX expanded its McLaren partnership, increasing branding on race cars and supporting the McLaren Shadow esports team. During the 2023 Singapore and Japanese Grand Prix, OKX and McLaren introduced a “stealth mode” livery featuring black and papaya accents.

OKX launched a significant campaign in September 2022 titled “What is OKX?” featuring Pep Guardiola, Daniel Ricciardo, and Scotty James to broaden brand awareness outside of Asia. Additionally, OKX has partnered with the Australian Olympic Team and, in June 2023, signed a sponsorship deal with the LIV Golf team Majesticks GC through 2024.

OKX User Feedback

Key issues that OKX users faced over the years:

• Account Freezes and Suspensions: Users frequently reported unexpected account suspensions, often related to KYC and source of funds inquiries, leading to frustration and lost access.
• Poor Customer Support: Many users cited slow or unresponsive support, especially with complex issues like account recovery or frozen funds, which added to dissatisfaction.
• Withdrawal Issues: Complaints about blocked or delayed withdrawals were common, with some users describing extensive delays or inability to access funds.
• Unclear fee Structures: Several users noted unexpected fees, particularly with third-party providers, during transactions, leading to confusion and mistrust.
• Verification and KYC Frustrations: Verification was reported as problematic, with some users mentioning repeated document rejections and lengthy verification processes.

Why some users love OKX:

• User-Friendly Interface: Many users praised OKX’s simple and intuitive interface, which makes it accessible to both new and experienced traders.
• Relatively Low Fees: Users frequently highlighted OKX’s competitive fees for trading and transactions, especially compared to other exchanges.
• Strong Community Engagement: Users like OKX’s engagement through social media, regular updates, and promotional campaigns.
• Diverse Trading Options: Reviews emphasized OKX’s wide range of features, including spot trading, futures, staking, and P2P support.
• Security Features: Users love security checks and proof of reserves, which offer added assurance for their assets.

OKX, its Web3 wallet, and DeFi integration make it stand out among some other crypto exchanges. The platform’s interface is undeniably “sexy” according to some users due to its visual appeal and user-friendly experience. 

Still, OKX has a lot of room for improvement. For instance, OKX should improve its customer support response times and address issues with account verifications more efficiently. Users also want more transparent fee structures to avoid unexpected charges during transactions.

Despite its flaws, millions still use OKX due to its range of tools and accessibility, making OKX one of the best centralized exchanges in the crypto market.

OKX Supported Currencies

OKX supports more than 100 fiat currencies, including but not limited to:

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