What is Bitcoin? Bitcoin Explained for Beginners (Updated 2025)
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, […]
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.
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.
1. Spot Trading
Buy and sell cryptocurrencies for immediate settlement at current market prices.
2. Margin Trading
Trade with borrowed funds to amplify potential returns (and risks).
3. Derivatives Trading
Engage in futures, perpetual swaps, and other contract-based trading instruments.
🔒 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.
OKX supports over 350 cryptocurrencies and more than 500 trading pairs, covering a wide range of categories including major coins, stablecoins, DeFi projects, Web3 tokens, meme coins, and more.
Binance is one of the largest and most popular cryptocurrency exchanges in the world. Founded in 2017, it has quickly risen to prominence due to its extensive list of supported cryptocurrencies, low trading fees, and robust trading features.
Binance is one of the largest and most popular cryptocurrency exchanges in the world. Founded in 2017, it has quickly risen to prominence due to its extensive list of supported cryptocurrencies, low trading fees, and robust trading features.
Maker fee: 0.1%
Taker fee: 0.1%
Can be reduced by using BNB for fees
350+ cryptocurrencies
Extensive selection of trading pairs
Two-factor authentication (2FA)
SAFU fund for asset protection
Advanced risk management
Spot trading
Margin trading
Futures trading
Options trading