Upbit vs OKEx: Fees, Coins, Safety Comparison
| Feature | Upbit | OKEx |
|---|---|---|
Overall |
3.0 |
4.5 |
1 |
4.4 |
|
3.9 |
5.0 |
|
3.5 |
4.6 |
|
Investment Instruments |
1 |
5.0 |
Platforms and Charting Tools |
4.1 |
4.2 |
Deposit and Withdrawal |
3.8 |
4.1 |
Research |
4.0 |
3.9 |
Education |
3.6 |
4.7 |
Support |
3.7 |
4.1 |
Bonuses |
1 |
4.2 |
|
Your capital is at risk.
|
Upbit vs OKEx: Pros and Cons
The Upbit crypto exchange is a premier trading and exchange platform that was launched in South Korea on 24 October 2017, under the assistance of their partnership with the American cryptocurrency exchange Bittrex. It allows you to exchange and trade Bitcoin, Ethereum, Litecoin, Tether, Ripple, and other renowned cryptocurrencies. Unfortunately, only the Singapore dollar (SGD) is represented as fiat money here. The exchange operates legally, is licensed, has a huge trading volume, and dynamic growth of economic indicators. The platform does not offer investment and partnership programs because the functionality of the trading terminal is completely set for exchange and trade. On top of the web version, there is a mobile application for iOS and Android devices. Another significant advantage is low fixed commission charges for trading operations.
The OKEx crypto exchange is a platform for exchanging and trading cryptocurrencies, that offers over 400 trading pairs, including pairs with fiat funds. Bitcoin, Litecoin, Ethereum, Cardano, as well as other cryptocurrencies and tokens are traded on the platform. Funds can be deposited from debit cards (Visa, MC), bank accounts, cryptocurrency, and e-wallets. There are spot and margin trading, futures, perpetual swaps, options, and DEX. Four investment solutions with flexible periods are presented.
| Upbit | OKEx | |
|---|---|---|
| Overall Pros | the intuitive interface of the author's trading terminal; | Low trading fees |
| all the primary functions for buying and selling are presented; | 350+ supported coins | |
| mobile trading with a built-in risk assessment system; | spot and margin trading, futures and other options; | |
| the most renowned cryptocurrencies are traded on this exchange, there are pairs with fiat; | Crypto academy | |
| two-level authentication means top-tier security; | universal cryptocurrency wallet and mining pool; | |
| up-to-date analytics on cryptocurrency market trends; | training academy with detailed courses and guides; | |
| there is no evidence of fraud or unresolved conflicts. | low commissions that are additionally reduced with an increase in trading volume. | |
| Overall Cons | the exchange is focused on traders from the Asian region; | Limited access in the US |
| only the Singapore dollar is represented by fiat funds; | ||
| there are no investment, partnership, or training programs. |
Upbit vs OKEx: Safety and Regulation
| Regulated By: | Upbit | OKEx |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
No |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
No |
No |
DFSA in UAE |
No |
No |
Singapore Regulated |
Yes |
No |
Australia Regulated |
No |
No |
Seychelles Regulated |
No |
No |
Other countries |
Upbit vs OKEx: Trading Conditions
| Trading Conditions | Upbit | OKEx |
|---|---|---|
Minimum deposit, USD or USDT |
100 |
10 |
Futures leverage |
125 |
|
Spot leverage |
1 |
10 |
Supported Coins |
198 |
329 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
0 |
1 |
Upbit vs OKEx: Fees
| Fee | Upbit | OKEx |
|---|---|---|
Spot Taker fee |
0,2 |
0,1 |
Spot Maker fee |
0,2 |
0,08 |
Futures Taker fee |
0,05 |
|
Futures Maker fee |
0,02 |
|
Deposit fee |
No |
No |
Withdrawal fee |
0,0005 BTC 0,01 ETH |
0,0004 BTC 2,6 USDT |
P2P taker fee |
No |
No |
P2P fee rate, maker fee |
0,05 |
No |
Upbit vs OKEx: Trading Assets
| Asset Name | Upbit | OKEx |
|---|---|---|
Coins Supported |
198 |
329 |
P2P |
Yes |
Yes |
Perpetual contracts |
No |
Yes |
NFT |
Yes |
Yes |
Crypto Options |
No |
Yes |
Futures |
No |
Yes |
Upbit or OKEx: Investment Programs
| Asset Name | Upbit | OKEx |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
No |
Yes |
Yield farming |
No |
Yes |
Affiliate program |
No |
Yes |
Trading Platforms: OKEx or Upbit
| Upbit | OKEx | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: OKEx or Upbit
| Upbit | OKEx | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: OKEx or Upbit
| Upbit | OKEx | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: OKEx or Upbit
| Upbit | OKEx | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: OKEx or Upbit
| Upbit | OKEx | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
No |
Yes |
Stop Loss |
No |
No |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
Upbit vs OKEx: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Upbit | OKEx |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
No |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Upbit vs OKEx: Research
| Research Type | Upbit | OKEx |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
Upbit vs OKEx: Education
| Education Type | Upbit | OKEx |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
OKEx vs Upbit: Support
| Support Features | Upbit | OKEx |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
No |
Yes |
Other |
No |
No |
Upbit vs OKEx: Crypto Bonuses and Promo
| Promo | Upbit | OKEx |
|---|---|---|
Crypto Bonus |
No |
100 satoshi for Make a demo trade,Subscribe to an Earn product, Trade any amounts of crypto, Refferal welcome bonus up to $100 |
Affiliate Program |
No |
Up to $500 |
|
Your capital is at risk.
|
Top 5 Reviews on OKEx
-
Comment
I came to the OKX exchange because of its large selection of trading pairs — really over 400 options, including pairs with fiat and stablecoins. I was pleasantly surprised by the 0.06% fee, which turned out to be lower for me than on the previous platform where I traded. I started with a minimum deposit of $1, initially testing the market a bit with limit orders. In the first month, I made a profit of 53 USDT without making aggressive trades. I liked the functionality of swapping between cryptocurrencies without unnecessary restrictions.
-
Comment
I was drawn to the OKX platform because of its academy with guides and crypto courses — a rare feature for exchanges. It offers both a trading terminal and a separate wallet with access to liquidity pools. However, the leverage is limited to 1:1, which reduces flexibility. On the plus side, there are referral rewards — up to 10 USDT and bonuses based on trading volume. Still, the lack of a fully localized Russian version of the website makes navigation a bit more difficult.
-
Comment
OKX is a good fit for those who prefer a broad ecosystem. It offers derivatives, options, and a DEX. You can trade using both market and limit orders. With a 0.08% commission, it’s cost-effective for high-volume trading — plus, discounts apply. Support is available 24/7, though not always responsive. On the downside, not all coins are available for direct withdrawal, especially in smaller amounts.
-
Comment
The OKX platform provides access to over 400 trading pairs, including pairs with 30 global currencies. This is convenient, especially if you’re trading not only in crypto but also looking to use stablecoins. Leverage is fixed at 1:1, with no margin trading. On the plus side, the mobile app is stable, and there’s a built-in crypto wallet with access to mining. The downside is noticeably higher fees on fiat transactions.
-
Comment
Made some decent profits on OKX recently using a scalping strategy with Uniswap (UNI). Basically, buying low and selling high within short timeframes to capture small price movements. It's a bit nerve-wracking, but it can be profitable if you're quick on your toes. OKX's platform is alright for scalping, but the mobile app needs some work. The charts can get laggy sometimes, especially during high-volume periods. Not ideal when you need to react fast to make a trade. Would love to see them improve the app's performance for mobile traders. Overall, happy with the platform for scalping, but the mobile app could definitely be smoother.
Top 5 Reviews on Upbit
-
Comment
I am sure that you need to choose a cryptocurrency exchange yourself because everyone has their own goals. Before getting on Upbit, I tried a bunch of other trading platforms, but this one was perfect for me. Verification is simple, there is no minimum deposit on the site, and the terminal interface is classic, so you can deal with all the nuances even without the help of the support team. The mobile application is also convenient, I use it for trading when I go on business trips.
-
Comment
A cryptocurrency exchange is a place to trade and exchange digital currencies. Usually, there are investment programs, specialized software for mining, and affiliate programs that lure beginners. I simply do not need these gadgets, so I am 100% satisfied with the conditions at Upbit. This crypto exchange provides everything you need for simple and comfortable trading in Bitcoins, Ether, etc. The only pity is that communication with managers is organized exclusively through tickets. I don’t understand why such a progressive platform does not take care of its call center.
-
Comment
I expected more from this company, I was almost sure that everything is ok here. But I was wrong, the hole, like many in the crypto market, there is just a lot of pathos. There is no desire to disassemble in detail all the jambs that I have noticed, I can only say that it is not worth it.
-
Comment
I am ready to give Upbit the highest rating because there is no take profit, stop loss, or leverage for margin trading here. The exchange offers interesting conditions for professionals. The author's terminal has an intuitive interface and is equipped with all the necessary functions for comfortable trading. Commissions have already been calculated within the transaction (and it should be noted that exchange fees here are fixed for all assets). With the withdrawal of profit, everything is clear. Upbit does not fail.
-
Comment
Well, I'm not among the top supporters of the Upbit exchange. There are several drawbacks such as its narrow focus on the Asian market and its lack of comfortable trading conditions for newcomers — and these are only a part of its disadvantages. However, in fairness, it should be noted that there are also many advantages. First, it has an adequate commission policy. Exchange fees are fixed for major cryptocurrencies at 0.2%. The terminal works as transparently as possible and provides news, charts with indicators, analytics, etc. Trading is comfortable veteran traders. And it is also worth noting that there are generally no distracting frills that are not necessary for active traders such as mining and investment programs. This suits me just fine.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.