OKX -

OKX overview

Last update: April 25, 2025

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OKX is an international cryptocurrency trading platform launched by OK Group. Its headquarters are currently located in Seychelles. Originally founded in China by Star Xu, OKX is one of the top five exchanges globally by trading volume. It offers a wide range of services, including spot trading, futures and perpetual contracts, DeFi, a Web3 wallet, an NFT marketplace, and copy trading features.

Transaction type

Spot trading

Buy and sell cryptocurrencies immediately at current market prices, supporting over 350 cryptocurrencies and 500 trading pairs.

Derivative trading

Participate in futures, perpetual swaps, and other contract based trading instruments, providing high leverage options.

Margin trading

Using borrowed funds for trading amplifies potential returns (while also amplifying risks).

Web3 Wallet

A multi chain supported non custodial wallet that allows users to fully control their encrypted assets and private keys.

NFT Market

A one-stop platform for discovering, purchasing, selling, and trading various NFT collectibles.

Documentary trading

Automatically copy the trading strategies of top traders, suitable for users without time or experience.

Fee Structure

Score: 4.2/5

Trading fees vary based on the user's level (regular user or professional user) and whether the order is a Maker or a Taker. For regular users, the level is mainly determined by their OKB holdings. For professional users, the level is based on their asset amount and their 30-day trading volume.

Cost discount

🔒 1. Multi-Signature Wallets OKX uses multi-signature technology to manage user assets, ensuring that any fund operation requires verification from multiple authorization nodes. This significantly reduces the risk of single points of failure or internal misconduct. 🥶 2. Cold & Hot Wallet Separation The majority of user assets are stored in offline cold wallets, with only a small portion kept in online hot wallets to meet daily liquidity needs. This mechanism effectively defends against hacking attacks. 🛡️ 3. Risk Management System OKX has a 24/7 real-time monitoring system that tracks abnormal trading activities, account logins, withdrawal operations, and more. Once a risk alert is triggered, the platform immediately freezes the related operations and conducts manual reviews. 📑 4. Strict KYC Verification (Know Your Customer) To prevent money laundering and financial crimes, OKX requires users to complete multi-level identity verifications (ID documents, facial recognition, etc.), especially when engaging in large transactions or withdrawals. 🧯 5. Withdrawal Protection Mechanisms Including: Device binding (phone, email, Google Authenticator) Withdrawal address whitelist Automatic withdrawal restrictions upon remote login or device change Manual withdrawal delay feature (users can set a withdrawal delay) 🔎 6. Asset Transparency and Proof of Reserves OKX regularly publishes Proof of Reserves (PoR) reports, using Merkle Tree technology to disclose user asset data, allowing users to independently verify that their assets are fully backed. 👮 7. Bug Bounty Program OKX collaborates with global white-hat hacker communities and runs a bug bounty program to encourage the discovery and reporting of security vulnerabilities, continuously improving system defenses.

Security Measures

Rating: 4.0/5

Multi-Signature Wallet

OKX uses multi-signature technology to manage user assets, ensuring that any fund operations require verification from multiple authorized nodes, significantly reducing the risk of single-point failures or internal misconduct.

Cold and Hot Wallet Separation

The majority of user assets are stored in offline cold wallets, with only a small amount kept in online hot wallets to meet daily liquidity needs, effectively defending against hacker attacks.

Risk Management System

OKX has a 24/7 real-time monitoring system that tracks abnormal trading activities, account logins, and withdrawal operations. If a risk alert is triggered, the platform immediately freezes the related operations and conducts manual reviews.

Strict KYC Verification

To prevent money laundering and financial crimes, OKX requires users to complete multi-level identity verification (ID documents, facial recognition, etc.), especially for large transactions or withdrawals.

Withdrawal Protection Mechanism

Includes device binding (phone, email, Google Authenticator), withdrawal address whitelisting, automatic withdrawal restrictions for logins from unfamiliar locations or devices, and manual withdrawal delay functions.

Asset Transparency and Proof of Reserves

OKX regularly publishes Proof of Reserves (PoR) reports, using Merkle Tree technology to disclose user asset data, allowing users to independently verify that their assets are fully backed.

Bug Bounty Program

OKX collaborates with the global white-hat hacker community, running a bug bounty program to encourage the discovery and reporting of security vulnerabilities, continuously improving system defenses.

registration process

📝 1. Visit the Official Website Open your browser and visit the OKX official website. Make sure you are using the correct and secure URL to avoid phishing sites! 📧 2. Click "Sign Up" Find and click the [Sign Up] button at the top right corner of the homepage. The registration page will pop up. Choose to register using your email or phone number. 🔑 3. Fill in Basic Information Enter your email address or phone number. Set a strong password (usually requiring a mix of uppercase and lowercase letters, numbers, and symbols). (If you have an invitation code, you can enter it here to enjoy fee discounts or rewards.) 🔍 4. Complete the CAPTCHA Verification The system will send a verification code to your email or phone. Enter the code to verify your identity. 🧾 5. (Optional) Complete KYC Verification After registration, you can go to account settings to complete KYC verification. Submit identity documents (such as a passport, ID card, or driver's license) and a selfie. Advanced KYC is required for large withdrawals, fiat trading, and other functions. 📱 6. Enable Two-Factor Authentication (2FA) It is highly recommended to bind your account to Google Authenticator or enable SMS verification. This enhances account security and helps prevent unauthorized access. 🎉 7. Start Trading After depositing funds or purchasing cryptocurrencies, you can start trading spot, futures, savings products, and more on the platform!

Notion: OKX may have restrictions in certain jurisdictions. Please confirm that the service is available in your area and comply with local regulations.

Advantages and disadvantages analysis

Pros

1. Diverse Product Line OKX supports spot trading, margin trading, futures, options, mining pools, DEX, and Web3 wallets, catering to a wide range of user needs. Its DeFi and Web3 ecosystems are expanding rapidly; for example, the OKX Web3 Wallet enables on-chain asset management and seamless DApp connections. 2. Mature Derivatives System OKX consistently ranks among the top in trading volume for perpetual swaps and futures, with strong liquidity. It offers various leverage options and liquidation protection mechanisms, making it suitable for professional traders. 3. Copy Trading and Strategy Trading OKX supports strategy trading (such as grid trading, DCA, and take-profit/stop-loss setups) and features a copy trading community, allowing beginners to leverage expert strategies easily. 4. Competitive Fees (Depending on VIP Level) Trading fees decrease with higher trading volumes and token holdings, with maker fees for futures trading as low as 0.02%. 5. Security and Stability OKX has maintained a strong track record with no major security incidents over the years, and its asset transparency continues to improve. Multi-signature technology and a hot/cold wallet separation system further enhance user asset security.

Cons

1. Strict KYC Requirements Certain features (such as fiat deposits/withdrawals and crypto withdrawals) require completing higher-level KYC verification, which may not be ideal for users seeking high anonymity. 2. Access Restrictions for Mainland China Users The platform is blocked in mainland China, requiring users to use VPNs or other methods to access it. As a result, some users have migrated to platforms like Binance. 3. Frequent Changes in Operational Strategy Project listings and delistings occur relatively frequently, so users need to stay updated with official announcements. 4. Average Customer Service Although OKX offers a ticketing system, response times can be slow, and community engagement is less active compared to Binance.

Suitable for:

Experienced traders Need diversified trading options High frequency trading users Seeking low-cost traders

Frequently Asked Questions

Is OKX suitable for beginners?

OKX provides a user-friendly interface and abundant educational resources, suitable for beginners to get started. However, the platform's diverse features and trading options may make beginners feel complicated. It is recommended that new users familiarize themselves with the basic functions first, gradually explore advanced options, and utilize the tutorials and guides provided by the platform

Is OKX available in all countries/regions?

OKX provides services in most parts of the world, but there are restrictions in certain jurisdictions. Especially in the United States, Chinese Mainland and other regions, users may not be able to use all the services of OKX or completely. It is recommended to check the latest availability information on the OKX official website before registering.

What deposit methods does OKX offer?

OKX supports multiple deposit methods, including:

Cryptocurrency deposits (such as BTC, ETH, USDT, etc.)
Bank transfer (depending on region)
Credit/debit card
Third party payment services
P2P trading (in some regions)

The available methods and fees may vary depending on your location.

What is the purpose of OKB token in OKX?

OKB is a native functional token of the OKX platform, with multiple uses:

Enjoy transaction fee discounts
Priority to participate in platform token sales activities
Obtain additional benefits from specific products
Vote to decide on new projects on the platform
Unlock VIP privileges and additional features

Holding more OKB can increase user level and obtain more favorable trading conditions.

How to improve account security on OKX?

Suggested measures to improve the security of OKX accounts:

Enable two factor authentication (2FA), such as Google Authenticator
Use strong passwords and change them regularly
Set a whitelist of withdrawal addresses
Enable login SMS/email notifications
Set anti phishing code
Configure device management and remove unused devices
Enable fund password, separate from login password
Regularly check account activity and authorization API

Remember, protecting the security of your account is your own responsibility.

OKX