OKX, formerly known as OKEx, positions itself as one of the most trusted digital asset exchanges in the cryptocurrency space. Since its inception in 2013, it has evolved into a comprehensive trading ecosystem serving millions of users globally. With a 24-hour trading volume exceeding $1.8 billion, OKX supports over 80 fiat currencies and hundreds of crypto assets, making it a preferred platform for both retail and professional traders.
In January 2022, the platform underwent a major rebranding—transitioning from OKEx to OKX—to reflect its expansion beyond a traditional crypto exchange into decentralized finance (DeFi), NFTs, Web3 wallets, and more. This transformation underscores OKX’s ambition to become a full-stack Web3 gateway.
This in-depth review explores OKX’s core functionalities, security protocols, trading tools, supported markets, and additional features—providing an objective look at its strengths and limitations as we approach 2025.
Account Creation and Verification
Creating an account on OKX is straightforward. Visit the official site, click Sign Up, and register using your email or mobile number. The platform supports 20 languages, including Polish, allowing seamless navigation for international users.
👉 Get started with a secure, high-performance trading experience on OKX.
Identity Verification (KYC)
While trading is possible without verification, completing KYC (Know Your Customer) enhances account security and lifts withdrawal limits:
- Level 1 KYC: Requires basic personal details (name, citizenship, ID type/number). Daily withdrawal limit: up to 200 BTC.
- Level 2 KYC: Involves photo verification via webcam or smartphone. Daily limit increases to 500 BTC.
Higher-tier VIP accounts enjoy even greater limits—up to 2,000 BTC per day—based on 30-day trading volume.
Two-Factor Authentication (2FA)
Security is a top priority at OKX. Recommended measures include:
- Funds Password: An extra layer for withdrawals.
- Mobile Verification: SMS-based login protection.
- Google Authenticator (2FA): Generates time-based codes for access.
- Anti-Phishing Code: Ensures all official emails contain a unique identifier.
To activate 2FA:
- Go to Security Settings.
- Link your phone number.
- Scan the QR code with Google Authenticator.
- Enter the generated code and confirm.
Always verify you're on the correct domain: www.okx.com.
Depositing and Withdrawing Funds
Deposits
Depositing crypto is free and simple:
- Navigate to Assets → Deposit.
- Select the cryptocurrency (e.g., USDT).
- Choose the network (e.g., ERC-20, TRC-20).
- Copy the deposit address or scan the QR code.
- Send funds from your external wallet.
⚠️ Critical: Always match the correct network. Sending ERC-20 tokens via TRC-20 will result in permanent loss.
OKX also supports P2P trading, enabling direct fiat-to-crypto transactions in currencies like USD, EUR, and PLN.
Withdrawals
To withdraw funds:
- Complete Level 1 KYC.
- Enable 2FA and set a funds password.
- Wait 24 hours for security activation.
- Go to Assets → Withdraw.
- Enter recipient address, amount, and confirm with 2FA + email + fund password.
Withdrawal fees vary by asset and KYC level. For example:
- BTC: Fee applies based on network congestion.
- USDT: Minimal fee depending on chain (ERC-20 vs. TRC-20).
How to Buy and Sell Cryptocurrencies
OKX offers multiple ways to acquire digital assets:
Express Buy (Instant Purchase)
Exchange over 80 fiat currencies for crypto instantly using:
- Bank transfer
- Visa/Mastercard
- Apple Pay
- Advcash
Access via Buy Crypto → Express.
P2P Trading
Peer-to-peer trading allows direct buyer-seller interactions without intermediary fees. Users can create or respond to buy/sell ads in their local currency.
To start:
- Go to Buy Crypto → P2P Trading.
- Select direction (Buy/Sell), currency, amount, and payment method.
- Confirm transaction once funds are received.
👉 Discover how easy it is to trade crypto with zero intermediaries.
Trading Options
OKX provides three main trading interfaces:
Convert
Instantly swap one cryptocurrency for another with no fees.
Basic Trading
Access the spot market with tools for limit, market, stop, trailing stop, and advanced orders.
Margin Trading
Trade with leverage—up to 10x on spot and 125x on futures—amplifying both gains and risks.
Available Markets on OKX
Spot Market
Over 757 trading pairs available with $1.8B+ daily volume. Trade major coins like BTC, ETH, LTC, XRP, and emerging altcoins.
Futures & Perpetual Swaps
OKX offers leveraged futures contracts on BTC, ETH, and other assets with up to 125x leverage. Perpetual swaps have no expiry date and include risk management tools like auto-deleveraging.
Options
Launched in early 2020, OKX’s options market supports BTC/USD contracts. Designed for advanced traders seeking hedging or speculative strategies.
Advanced Trading Tools
Order Types
OKX supports six order types:
- Limit: Buy/sell at a specific price.
- Market: Execute immediately at current price.
- Stop Order: Triggers when price hits a threshold.
- Trailing Stop: Automatically adjusts stop-loss relative to market movement.
- Trigger Order: Activates a limit order when a condition is met.
- Advanced Limit: Includes Post Only, Fill or Kill, Immediate or Cancel.
API Integration
Developers and algorithmic traders can create up to 50 API keys for automated trading bots. Requires phone or 2FA setup before activation.
Steps:
- Profile → API → Create V5 Key.
- Assign permissions (trade, withdraw, read-only).
- Use documentation to integrate with trading algorithms.
Bot performance depends on regular strategy updates and market awareness.
Fees and VIP Tiers
OKX uses a Maker/Taker fee model, adjusted based on 30-day trading volume:
| Tier | Maker Fee | Taker Fee |
|---|---|---|
| Regular | 0.10% | 0.10% |
| VIP 1+ | As low as 0.02% | As low as 0.05% |
Holding OKB tokens further reduces fees by up to 20%. Users qualify for VIP status with ≥10,000 BTC in monthly volume.
Withdrawal fees are fixed per asset and depend on network and KYC level.
Additional Features
Earn (Passive Income)
Stake assets for flexible or fixed-term yields through DeFi integrations. Access via Finance → Earn.
Loans
Borrow crypto from other users (C2C loans) with terms from 7 to 180 days or flexible repayment options.
Jumpstart & Slot Auctions
Participate in token launches by staking OKB or support Polkadot/Kusama parachain auctions.
OKX Academy
Free educational resources including articles, glossaries, and trading insights at More → Learn.
MetaX Wallet
A multi-chain Web3 wallet for accessing DeFi apps, NFTs, and dApps across Ethereum, BSC, Polygon, and more.
Broker & Affiliate Programs
Earn commissions by referring users:
- Referral Program: $15 bonus per new user who trades.
- Affiliate Program: Up to 60% of trading fees from referrals.
- Broker Program: Unlimited commission based on client volume.
Security and Regulation
OKX operates under Maltese jurisdiction following its 2018 relocation from Hong Kong due to regulatory shifts in China. It complies with global standards but restricts services in certain regions:
- United States
- Iran
- North Korea
- Syria
- Crimea
The platform employs GSLB, distributed server clusters, cold storage wallets (95% of assets), and regular audits to ensure security.
Mobile App Experience
The OKX mobile app (iOS and Android) mirrors web functionality:
- Full trading capabilities
- Real-time notifications
- Biometric login
- API key management
Ideal for traders on the go.
Frequently Asked Questions (FAQ)
Q: Is KYC mandatory on OKX?
A: No, but it increases withdrawal limits and unlocks advanced features.
Q: Can I trade without fees on OKX?
A: Yes—use the Convert feature for instant swaps with zero fees.
Q: What is the maximum leverage offered?
A: Up to 10x on spot margin trades and 125x on futures contracts.
Q: Does OKX support Polish language?
A: Yes—switch languages in the top-right corner of the website or app.
Q: How long do withdrawals take?
A: Typically processed within minutes; delays beyond 48 hours should be reported to support.
Q: Is automated trading allowed?
A: Yes—via API integration for algorithmic bots and third-party tools.
Final Verdict: Is OKX Worth Using?
OKX stands out as a feature-rich exchange combining high liquidity, low fees, robust security, and diverse earning opportunities. Its evolution into Web3 services like MetaX wallet and Jumpstart positions it ahead of many competitors.
Pros:
- High trading volume and liquidity
- Multi-market access (spot, futures, options)
- Low maker/taker fees with OKB discounts
- Strong security protocols
- Passive income options
- Global P2P support
Cons:
- No fiat-to-crypto trading pairs
- Limited support in restricted countries
- Occasional delays in customer service response
For traders seeking a powerful, scalable platform with next-gen tools, OKX remains a compelling choice in 2025.
👉 Start your journey on one of the world’s most advanced crypto platforms today.