OKX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ₿0.00005 (BTC)
- TradingView
- Spot and margin trading, NFT, DeFi, GameFi, options, futures, indices, lending, copy trading, and P2P trading are available
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ₿0.00005 (BTC)
- TradingView
- Spot and margin trading, NFT, DeFi, GameFi, options, futures, indices, lending, copy trading, and P2P trading are available
Our Evaluation of OKX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
OKX is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 9.44 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by OKX clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
OKX is a cryptocurrency exchange with a wide range of services and additional features. The company offers acceptable terms for novice traders and experienced crypto traders, as well as for investors.
Brief Look at OKX
OKX (aka OKEX) is an international cryptocurrency exchange that has been providing financial services since 2017. On the OKX platform, you can buy and sell cryptocurrencies and earn money by storing tokens and providing funds for margin trading. The cryptocurrency exchange offers over 100 cryptocurrencies such as BTC (₿), LTC (Ł), ETH (Ξ), XRP, etc.), several ways to make passive income, and a base with educational materials.
- The availability of various investment programs.
- Proprietary educational academy with useful materials.
- Wide range of cryptocurrencies.
- The exchange is multilingual and available in 20 languages.
- A mobile app is available.
- The exchange uses cold and hot wallets with a high-security level.
- The company offers cryptocurrency listing services.
- Trading and depositing in fiat currencies are not available.
- Few ways to contact client support
- The company is unlicensed and unregulated.
TU Expert Advice
Financial expert and analyst at Traders Union
OKX (aka OKEX) is an international cryptocurrency exchange that offers a wide range of services for cryptocurrency traders. You can buy and sell cryptocurrencies and trade options and futures on the OKX platform. Traders also have access to margin and spot trading, as well as P2P lending.
The OKX cryptocurrency exchange website is multi-lingual, as the company provides services to cryptocurrency traders from over 100 countries. In addition to the standard way of earning on cryptocurrency trading, OKX offers a variety of investment tools, including staking, double investing, blocking funds in the account for a loan (for margin trading), and hot offers. Any user can take advantage of them. For novice traders, the exchange website offers an "Academy" section, which contains training materials on trading in the cryptocurrency market.
The OKX cryptocurrency exchange has been operating since 2017, but no license details were found on its website. There are no fiat currencies traded, nor is there an opportunity to fund a trading account at OKX.
- Security is a top priority for you, as this exchange utilizes both cold and hot wallets to store cryptocurrencies. This dual-wallet system enhances security measures, ensuring that a significant portion of assets remains offline (cold wallets) to minimize the risk of hacking or unauthorized access.
- You seek educational resources. This exchange focuses on both, a beginner looking to learn the basics of cryptocurrency trading and an experienced trader seeking to enhance their skills. The educational academy offered by it boasts comprehensive content to support your learning journey.
- You require the ability to trade cryptocurrencies against fiat currencies or deposit fiat currencies directly into your trading account, as this exchange may not offer that functionality.
- Regulatory compliance is essential for you, as this exchange is unlicensed and unregulated. There may be increased risks associated with trading on the platform, such as potential legal and financial uncertainties, as well as a lack of oversight to protect investors' interests.
OKX Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary terminal based on standard TradingView |
|---|---|
| 📊 Accounts: | Real account only |
| 💰 Account currency: | BTC, USDT, ETH, LTC, OKB, BCH, BSV, ETC, USDK, 1INCH, 1ST, AAC, AAVE, and other cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Cryptocurrency wallets |
| 🚀 Minimum deposit: | 0.00005 BTC / 0.00000001 USDT |
| ⚖️ Leverage: | Margin trading is available |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No data |
| 💱 Commission: | $0.1 |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | Spot and margin trading, NFT, DeFi, GameFi, options, futures, indices, lending, copy trading, and P2P trading are available |
| 🎁 Contests and bonuses: | Users can receive rewards for completing tasks and bonuses from the Traders Union |
The OKX cryptocurrency exchange provides services on the international level and provides traders with high liquidity of trading instruments. The work is carried out on the built-in terminal, and it is possible to trade from mobile devices via the exchange application. OKX offers spot and margin trading, P2P lending, and investment tools for passive income.
Share your experience
- Best
- Last
- Oldest
Edgar 
Verified
AM Gyumri 
Convenient trading terminal and a large selection of assets
It is difficult to understand the trading conditions, namely to understand the commissions
Alex 
Verified
FR
OKX’s platform itself is pretty intuitive
no
Dima Pugach
Verified
BY Minsk
Free demo platform
No possibility to add credit plche on demo account
Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Real account only | $0.1 | No data |
To make an objective assessment of the exchange, the analysts compared the level of OKX commissions with its competitors such as Bitfinex and Bybit.
| Broker | Average commission | Level |
|---|---|---|
|
$0.1 | |
|
$20 | |
|
$0.1 |
Investment Options
Investment Programs, Available Markets, and Products of the Crypto Exchange
The main task of a cryptocurrency exchange is to provide comfortable conditions for buying and selling cryptocurrencies. Additionally, however, OKX offers passive income opportunities that are suitable for experienced and novice traders, as well as investors.
Double investment
OKX offers a fixed-income product in the form of double investments, but unlike other passive income methods, it doesn’t guarantee profits. The trader can sign up for one of the offers, which vary in terms of time. It is possible to find out how much money was earned for participation in this program only on the last day, the day of the expiration of the offer. The market volatility has a tangible effect on the profit, which should also be taken into consideration when subscribing.
Savings
This investment program allows traders to earn every hour. To do this, transfer part of the funds to the "Savings" portal and the exchange will use these funds for margin trading. Interest on the use of funds is charged hourly, and funds can be withdrawn at any time. As a rule, the refund is made within an hour after the withdrawal request.
Flash deals
OKX features "hot offers": these are unique offers that periodically appear on the website. They allow traders to make additional profits by depositing funds in a project. Profit is calculated in proportion to the amount that the user has contributed and is paid within 24 hours after the end of the project or the day when the entire amount is collected. It is impossible to cancel the subscription, so be sure to take that into account.
Staking
To earn extra income, buy a cryptocurrency and "freeze" it in your account for a while. OKX pays its users interest for storing cryptocurrencies and tokens. The exchange offers several cryptocurrencies for storage at various rates: the trader can freeze tokens for 15, 30, 60, or 90 days, and flexible rates with no storage time limit are also available. This method of passive income can be considered the least risky, so it is perfect for novice investors and traders.
Maker/taker is the key to the investment mechanism
OKX offers active traders a program that can reduce their commission costs. To participate, all you need to do is buy your own tokens from the OKX crypto exchange and actively trade. Depending on the number of OKB tokens and trading volume, a trader is awarded a certain level of profit:
L1 — If the balance is up to 500 OKB and the trading volume is up to $10,000,000: the commission of the maker will be 0.080%, and the commission of the taker is 0.100%.
L3 — If the balance is up to 1,000 OKB or more on the account with a trading volume up to $10,000,000: the commission of the maker is 0.070%, and the commission of the taker is 0.090%.
L5 — If the trader has 2,000 OKB or more in his custody and a trading volume up to $10,000,000: the commission of the maker will be 0.060%, and the commission of the taker will be 0.080%.
OKX also offers a similar system for VIP clients:
L1 — If the sum of the asset is $100,000 or more, and the trading volume is $10,000,000 or more: the commission of the maker is 0.060%, and the commission of the taker is 0.080%.
L3 — If the asset amount is equal to or higher than $2,000,000 and the trading volume is $50,000,000 or more: the commission of the maker is 0.020%, and the commission of the taker is 0.070%.
L6 — If the trade volume is $500,000,000 or more: the commission of the maker is -0.005%, and the commission of the taker is 0.040%.
L8 — If the trade volume is $10,000,000,000 or more: The commission of the maker is -0.010%, and the commission of the taker is 0.025%.
The trading volume level is calculated for the period of trading activity over 30 days.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
OKX’s affiliate program:
Standard referral program. For inviting new users to OKX, each exchange client can receive a financial bonus. OKX allows you to get 15 points for five referrals who open a trading account and purchase cryptocurrency.
After you invite 5 friends, you will be able to become a partner of the cryptocurrency exchange and receive a bonus for the trading of invited users — a percentage of their commission. After you invite 5 referrals, it will not be possible to receive bonuses for new users.
User Satisfaction