Broker Review Contents
OKExchange Review
OKExchange is a cryptocurrency exchange which was established in 2014. Traders can access a wide range of products in a variety of markets, including spot, futures and options.
Browser based platform and mobile apps for iPhone, Android, and tablets are among the online trading platforms offered by OKExchange.
OK Exchange is a spot and derivatives cryptocurrency exchange. This means that they offer products suitable for both investors and speculators. When you trade the spot market you own the actual coins which you buy and sell. Derivative markets allow you to speculate and trade on the price of a coin without owning it.
A minimum deposit of 1USD is required for a live account. OK Exchange, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform. They aren’t currently regulated. They were established in 2014 with head office in Seychelles. Before we get into the specifics of their spreads, fees, platforms, and trading tools, you might want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
What are their spreads & fees?
OKExchange, like most exchanges, charges a fee based on the transactions which occur on the exchange. These can depend on the coin which you trade, as some coins have higher trading and withdrawal fees.
Choosing at what time of the day and through which coins to transact can lower your fees.
Before you complete a trade on their platform, it will show you a breakdown of all the fees which you may incur. Checking these fees before completing the trade could save you money.
As OK Exchange is an exchange the spreads vary depending on trader activity. Any spreads displayed on our website are for information purposes only.
Please visit OK Exchange’s website for current spreads and fees.
OK Exchange’s BTC/USDT spread was 10 USDT when we wrote this review. This is normal when compared to the average BTC/USDT spread of 8.
What can you trade with OK Exchange?
Over 400+ different coins are available to trade at OKExchange.
Below, we’ve summarized the offering of OK Exchange’s several types of markets, as well as the markets offered by some of their competitors for comparison.
| MARKET | OK Exchange | Binance | Crypto.com |
| Spot Trading | YES | YES | YES |
| Futures Trading | YES | YES | YES |
| launchpad | YES | YES | YES |
| Options Trading | YES | YES | NO |
| DEX Trading | YES | YES | NO |
| NFT Trading | YES | YES | YES |
| Borrow/lend Crypto | YES | YES | YES |
| Staking | YES | YES | YES |
What’s the OKExchange trading experience like?
1) Platforms and apps
OK Exchange offers a web based platform which allows you to use it on any device which has a browser.
They offer Android and iOS mobile apps, making it easy to keep track of and execute trades while on the go.
2) Executing Trades
You can trade as little as less than 1USD with OKExchange. Depending on the cryptocurrency you trade, this may differ. Maximum trade size depends on the available liquidity on the exchange.
Margin requirements vary by account, and instrument, as they do with most exchanges.
OK Exchange offers leverage as high as 5x for spot trading. They also offer leverage of up to 75x for derivatives trading.
Stop losses, trailing stop losses, limit orders, price alerts, api trading and other features are available.
Here you can find a list of all of OKExchange’s account features.
We have included a list of some of the most common funding options that OK Exchange provides to its traders.
- Crypto
- Bank Transfer
- Card
- Paypal
3) Client support
They offer support in languages like English, Korean, Spanish, Thai, Vietnamese, French, German, Italian, Russian, Turkish, Chinese (Traditional and Simplified) and Polish.
4) What you’ll need to open an account with them
Most crypto exchanges allow you to open an account without providing documents. This type of account will be severely limited in terms of maximum deposit and withdrawals.
In order to have higher deposit and withdrawal limits with them you need to pass verification by providing the following documents:
- a colour copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
OKExchange may also ask you to go through a verification of identity via your laptop or phone camera.
If you decide to trade using leverage, you’ll also need to answer a few questions regarding your trading experience.
You may be able to explore their platform right away, but as mentioned before until you pass verification, your deposits and withdrawals will be capped. Verification depending on the circumstances could take from a few hours up to a few days.
To begin the onboarding process with OKExchange, you can go to their website.
How to buy and sell Cryptocurrencies on OKEx
Check our updated OKX guide on trading crypto
Compare Crypto Exchanges here.
Key features of OKX
Spot trading
OKX provides spot trading across a wide range of cryptocurrencies, with maker and taker fee tiers. For regular users, OKX states spot fees can start around 0.08 percent maker and 0.10 percent taker, with lower fees available through tiering.
Derivatives trading
OKX is widely used for derivatives, including perpetual contracts and futures style products. These products are generally designed for experienced traders because leverage can increase both profits and losses quickly.
Trading tools for active traders
OKX includes pro grade charting, advanced order types, and features that help active traders manage execution and risk. If your strategy relies on precision entries, tighter pricing, and faster order handling, these are the areas to evaluate first.
Web3 and wallet ecosystem
OKX also operates products beyond the exchange experience, including Web3 and wallet related services depending on jurisdiction. Always review availability and regional limitations before planning around these features.
OKX fees and costs
When comparing exchanges, focus on the full cost, not only the headline trading fee.
Trading fees
OKX spot fees for regular users are commonly presented in a maker taker structure. OKX explains that spot fees can start around 0.08 percent maker and 0.10 percent taker for standard tiers, with reduced fees via VIP tiers.
Other costs to check
Some costs vary by region and funding method, so always verify inside your account before depositing a large amount:
- Deposit costs depending on payment rail
- Withdrawal fees that vary by asset and network
- Conversion and spread costs on quick buy or convert functions
- Any third party payment processor charges, if used
OKX security and transparency
Security is one of the biggest reasons people choose large exchanges, but the best approach is to validate safety signals rather than rely on marketing.
Proof of Reserves
OKX publishes Proof of Reserves and explains that it uses cryptographic methods including zk proofs for verification. This is useful for transparency because it helps users validate that reserves exist relative to customer balances.
Account level protections
Most major exchanges, including OKX, support standard protections such as 2FA and other account security controls. You should still treat personal security as your responsibility, use strong passwords, and avoid reusing credentials.
OKX user reviews summary
On Capterra, OKX has an overall rating shown as 4.6 out of 5 based on dozens of verified user reviews. This provides a helpful external signal for usability and satisfaction, although individual experience can vary by region, support needs, and usage type.
Pros and cons of OKX
Pros
- Strong feature set for active traders including advanced order tools
- Competitive fee structure with tiering options
- Proof of Reserves transparency reporting
- High user rating on Capterra
Cons
- Advanced features can feel complex for beginners
- Availability of features can vary depending on jurisdiction and compliance requirements
- Like all exchanges, users should confirm withdrawal fees and funding options before choosing it as a primary platform
Who should use OKX
OKX can make sense if you are:
- An intermediate trader who wants a deeper toolkit than basic exchanges
- An active trader who cares about pricing structure, order types, and liquidity
- A user who wants a platform with broader ecosystem tools, where available
OKX may not be ideal if you want the simplest possible interface with minimal features, or if your region has limitations on product access.
How to decide if OKX is right for you
Use this quick checklist before committing:
- Check your country availability and product access
- Review spot fees and whether your volume tier affects pricing
- Confirm deposit and withdrawal options for your preferred currency and networks
- Enable security settings and test a small withdrawal early
- If you plan to hold funds on exchange, understand custody risks and diversify storage
FAQs about OKX Exchange
Is OKX a good exchange for beginners
OKX can work for beginners, but the platform is designed with many advanced features. New users should start small, learn the interface, and focus on basic spot trading first.
What are OKX spot trading fees
OKX states that spot trading fees for regular users can start around 0.08 percent maker and 0.10 percent taker, with reductions for higher tiers.
Does OKX publish Proof of Reserves
Yes. OKX provides Proof of Reserves reporting and offers guidance on verification.
Is OKX available in the United States
OKX provides a US related disclosure indicating OKX US offers certain services and that non US entities offer services to non US users. Availability depends on jurisdiction and product type.
Where can I check real user reviews for OKX
Capterra shows verified user reviews and an overall rating for OKX.
