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OKX (formerly "OKEx") is based in Malta and offers a wide selection of coins and trading fees are comparatively low. OKX caters to experienced traders. The exchange is not available in the US and users cannot deposit fiat currency..

Target User

Experts

Coins

253

Trading fees

low

Fiat Withdrawal Fees

OKX does not support any fiat deposits or withdrawals

Security

Countries

200+

Languages

EN + 19

Pros

Wide range of coins and tokens available for trading

Coins
Low trading fees compared with other players

Fees
The user interface is well-suited for advanced and expert traders

User Interface
OKX has a support hotline

Support
Comprehensive investor education on OKX Academy

Education
OKX offers futures trading

Margin Trading

All pros

Cons

Users cannot deposit fiat currency

Fiat
Not available in the US

Availability
The exchange was hacked in 2020

Hacks
No exact information about the percentage of funds held in cold storage

Storage
No insurance for assets stored on the exchange

Insurance
The only fiat withdrawal method offered is Simplex banking

Fees

All cons

Exchange with many coins and tokens

OKX was hacked in 2020 and lost coins worth almost $6 million. The exchange does not clearly tell how much of the assets they hold in cold storage and does not insure assets. An advantage of OKX is the wide selection of coins and tokens low trading fees. OKX also offers futures trading.

OKX in the CryptoStudio-Check

Overview
Exchange functionalities
Fiat deposits and withdrawals
Security
User Experience

Overview

Platform Score

based on 5 categories

Exchange functionalities

based on 5 criteria

Fiat deposits and withdrawals

based on 5 criteria

Security

based on 5 criteria

User experience

based on 7 criteria

Pros

Wide range of coins and tokens available for trading

Coins

Low trading fees compared with other players

Fees

The user interface is well-suited for advanced and expert traders

User Interface

OKX has a support hotline

Support

Comprehensive investor education on OKX Academy

Education

OKX offers futures trading

Margin Trading

Cons

Users cannot deposit fiat currency

Fiat

Not available in the US

Availability

The exchange was hacked in 2020

Hacks

No exact information about the percentage of funds held in cold storage

Storage

No insurance for assets stored on the exchange

Insurance

The only fiat withdrawal method offered is Simplex banking

Fees

Exchange functionalities

Rating:

Amount of coins/tokens:

253

Trading Fees:

low

Margin Trading:

OKX provides margin trading up to 10x leverage

Lite Trading:

OKX doesn't offer a lite trading mode but a basic and an advanced trading interface that offer different functionalities

DCA-Plans:

OKX does not offer any DCA plans

Attention: Outdated Information!

Fiat deposits and withdrawals

Rating:

Fiat deposit limits:

OKX does not support any fiat deposits or withdrawals

Fiat withdrawal limits:

OKX does not support any fiat deposits or withdrawals

Withdrawal fees:

OKX does not support any fiat deposits or withdrawals

Payment methods:

OKX does not support any fiat deposits or withdrawals

Withdrawal methods:

OKX does not support any fiat deposits or withdrawals

Attention: Outdated Information!

Security

Rating:

Security features:

2-factor-authentication, anti phishing code, address whitelisting

Insurance:

No insurance

Crypto Storage:

OKX publishes no information about their storage

Company Headquarter:

OKX is headquartered in Malta

Security Hacks:

The exchange was hacked mid-2020, $5.6m worth of ETH classic were stolen

Attention: Outdated Information!

User Experience

Rating:

User interface:

OKX offers one of the most professional trading platforms for experienced traders. The functionalities and trading formats are similar to the larger financial exchanges in traditional markets

Onboarding:

Straightforward via the website or app; withdrawals are not allowed for unverified accounts

Mobile/Desktop App:

Standalone mobile app & desktop app are available

Language options:

20 language options, including English

Availability:

100 countries but not USA, Hong Kong, and commonly blacklisted countries

Customer service:

FAQ & Support center, email, hotline, support answers are of low quality and often not helpful

Investor Education:

Investor education through articles and videos at OKX Academy, which explains how the exchange works and provides information on cryptocurrency investing in general

Attention: Outdated Information!

OKX is for experienced traders

OKX user interface is designed for experienced traders. The functionalities and trading formats are similar to the larger financial exchanges in traditional markets. OKX is also one of the few exchanges that offers a service hotline. A big disadvantage is that users cannot deposit fiat currency.