OKX Exchange Uncovered: An In-Depth Review of Crypto and Futures Trading

Summary Overview

>> Start trading on OKX now <<

**Risk Warning:** Trading crypto assets involves a high level of risk and can result in loss of capital. Ensure you understand the risks involved before trading.

Crypto trading is regulated under the Markets in Crypto-Assets (MiCA) framework within the EU. In the UK, crypto trading remains unregulated, which means there is no consumer protection. Your capital is at risk.

– Please note that this content is not directed at US users and may not comply with US regulations. –

OKX: A Top-Tier Global Exchange

In recent years, OKX has established itself as one of the leading cryptocurrency trading platforms worldwide. Launched in 2017, OKX quickly gained traction due to its innovative trading tools, a wide selection of assets, and competitive fees. Headquartered in Seychelles, OKX adheres to global regulatory standards, ensuring a secure and transparent trading environment for users.

OKX offers a comprehensive suite of trading options, including spot trading, futures, margin trading, and staking. With support for over 400 cryptocurrencies and trading pairs, OKX provides access to both popular assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) as well as emerging tokens with high growth potential.

Known for its secure infrastructure and competitive fees, OKX also provides a range of advanced features tailored to both novice and experienced traders. These include copy trading, staking opportunities, and high-liquidity markets to ensure seamless order execution.

What cryptocurrencies can I trade on OKX?

OKX currently supports over 400 cryptocurrencies for trading. This includes popular assets such as:

OKX Fees and Charges

The fees on OKX are straightforward and easy to access within the platform. As of 13.03.2025, OKX applies the following fees for cryptocurrency trading:

Cryptocurrency/Pair	Spread	Sell	Buy
Bitcoin (BTC)	0.08%	-346.287	-346.287
Ethereum (ETH)	0.09%	-0.106451	-0.106451
Cardano (ADA)	0.12%	-0.000035	-0.000035
OKB (OKB)	0.08%	-0.045153	-0.045153
Solana (SOL)	0.15%	-0.06574	-0.06574
Ripple (XRP)	0.18%	-0.003307	-0.003307
Dogecoin (DOGE)	0.20%	-0.005319	-0.005319
Litecoin (LTC)	0.14%	-0.045153	-0.045153

Please note that the above fees apply to leveraged buy positions, all sell positions, and crypto pair trades (but not to the purchase of “real” cryptocurrencies without leverage). Additionally, withdrawal fees will be shown at the time of withdrawal in the cashier section. For withdrawals greater than 50 USD, a fee of 2.5 USDT applies.

All OKX trading accounts are denominated in US dollars (not euros), so a conversion fee may apply for deposits and withdrawals. Your deposit will be converted into US dollars at the prevailing exchange rate. If you choose to transfer cryptocurrency from the platform to the OKX mobile app, additional network fees may apply. More details about the OKX app and wallet are available below.

Cryptocurrency	Min. Payout Amount	Fee
Bitcoin (BTC)	0.001 BTC	0.0004 BTC
Ethereum (ETH)	0.01 ETH	0.0007 ETH
Ripple (XRP)	20 XRP	0.20 XRP
Litecoin (LTC)	0.01 LTC	0.0008 LTC
Bitcoin Cash (BCH)	0.01 BCH	0.0009 BCH
Stellar Lumens (XLM)	10 XLM	0.01 XLM

OKX does not charge an inactivity fee. However, fees are subject to change without prior notice.

How do I set up an OKX account?

The first step in creating an account with OKX is to visit the official website okx.com. Once you’re on the homepage, click on the “Sign Up” button at the top right corner of the page.

Provide the following details:

• Email address or mobile phone number
• Password
• Referral code (optional)
• Next, click on the “Create Account” button.

OKX will then send a verification code to your email or phone number for identity confirmation. Enter the code to verify your account.

It’s quick and straightforward to set up your OKX account.

Identity Verification and Purchase Limits for Cryptocurrencies

After registering, you’ll automatically be logged into your OKX account. Initially, your account will have certain limits on deposits and withdrawals since identity verification hasn’t been completed. For example, unverified accounts may have a daily withdrawal limit of 0.06 BTC or its equivalent in other cryptocurrencies.

To unlock higher limits and access the full suite of features on OKX, you’ll need to complete the Know Your Customer (KYC) process. This includes verifying your identity, address, and in some cases, tax identification number. The KYC process helps OKX comply with international anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.

Verification is free and can be done in a few simple steps:

1. Go to your profile and select “Verify”.
2. Submit the required documents, which may include:
   • Government-issued ID (passport, national ID card, or driver’s license)
   • Proof of address (utility bill or bank statement)
   • A selfie or facial recognition to confirm your identity
3. Once submitted, OKX will process your documents, and verification typically takes 24 to 48 hours.

Once your identity is verified, your account limits will increase. Fully verified accounts can withdraw up to 100 BTC per day and access higher deposit and trading limits.

Payment Method	Supported Countries	Transfer Time	Maximum per Transaction
Credit/Debit Card	Worldwide	Instant	$50,000
Bank Transfer (SEPA)	Europe	1–3 Business Days	Unlimited
PayPal	Available in select countries	Instant	$25,000
Skrill	Available in select countries	Instant	$10,000
Neteller	Available in select countries	Instant	$10,000
WebMoney	Available in select countries	Instant	$50,000
Faster Payments (UK)	UK	Within minutes	£250,000
Google Pay / Apple Pay	Worldwide	Instant	$10,000

How to Purchase Digital Assets on OKX

OKX allows you to trade both “real” cryptocurrencies and crypto futures on the platform. Futures trading is restricted for US-based users due to regulatory limitations. Futures contracts are financial instruments that derive their value from the underlying asset rather than direct ownership.

Important to know:
– All buy positions in spot trading on OKX are executed as real investments. When you purchase cryptocurrency via spot trading, you are buying the actual asset, which is held securely in your OKX account. You can transfer it to an external wallet or keep it on the platform.
– Futures contracts, on the other hand, are leveraged financial instruments. You are not buying the underlying cryptocurrency but instead speculating on its future price. OKX offers up to 100x leverage on futures contracts, allowing you to amplify potential gains — but also increasing the risk of significant losses.

By providing both spot and futures trading, OKX allows users to engage in different trading strategies — from direct ownership of assets to high-risk leveraged trading.

>> Buy and sell cryptocurrencies on OKX <<

**Risk Warning:** Trading crypto assets involves a high level of risk and may result in significant losses. Ensure you understand the risks before trading.

Crypto trading is regulated under the Markets in Crypto-Assets (MiCA) framework in the EU. In the UK, crypto trading remains unregulated, meaning no consumer protection is available. Your capital is at risk.

Purchase ‘Actual’ Digital Assets on OKX

To buy actual cryptocurrency (not a futures contract) on OKX, go to “Markets” in your account, select “Spot“, and then choose the cryptocurrency you want to buy, such as Bitcoin (BTC). The following screenshot shows an example of the process:

The “Buy” option allows you to purchase Bitcoin, while “Sell” lets you sell Bitcoin. Click “Buy” in the Bitcoin line to proceed. A new window will appear.

You only need to enter the amount you wish to purchase in US dollars (or another supported fiat currency). You can select from various order types:

• Market Order – Buy immediately at the current market price.
• Limit Order – Set the price at which you want to buy.
• Stop-Limit Order – Set a stop price that triggers a limit order when reached.

Once you click “Buy“, the order will be placed. Your transaction will be processed within seconds.

Under “Wallet” or “Portfolio“, you can track your purchased cryptocurrency, buy or sell more, and monitor price movements.

Buy Cryptocurrency Futures on OKX

To buy cryptocurrency futures on OKX, select “Buy” for the cryptocurrency you want to trade, such as Bitcoin (BTC). The trading interface will open:

Set the amount you want to invest and adjust the leverage multiplier. OKX offers leverage up to 100x on selected cryptocurrencies. Carefully adjust the leverage based on your risk tolerance.

You should then configure your Stop Loss and Take Profit settings:

• Stop Loss – Closes the trade if the price reaches a specific level to limit losses.
• Take Profit – Automatically closes the trade when the price reaches a profit target.

Once configured, click “Open Trade“. The order will execute immediately when the market is open.

OKX charges funding fees (similar to rollover fees) for futures contracts. These fees are based on the difference between the contract price and the spot price and are settled every 8 hours. The applicable fees will be shown before you place your order.

How does Social Trading & Copy Trading work with OKX?

Copy Trading at OKX

OKX’s Copy Trading feature allows users to automatically replicate the trades of successful traders, known as Lead Traders. This feature enables users to benefit from the expertise of seasoned traders without needing to build their own trading strategies.

Both the CopyTrader and Portfolio Copying features are supported by OKX’s large trading community. Users can select a Lead Trader based on detailed performance metrics such as past returns, risk levels, and trading strategies.

How OKX Copy Trading Works

• Users select a Lead Trader based on performance and strategy.
• Specify the amount to invest in the copied trader’s portfolio.
• Once activated, all trades made by the copied trader are mirrored in the user’s account in real-time.
• OKX manages the execution of positions with no delay.

Minimum and Maximum Investment Amounts

• Minimum Investment Amount: $10 (per copied trader)
• Maximum Investment Amount: $500,000 (per copied trader)
• Minimum Trade Amount: $1

Manual Adjustments

Users can manually adjust copy trading settings:

• Close a copied trade manually if it’s not performing well.
• Adjust Stop Loss (SL) and Take Profit (TP) settings at any time.
• When a manually closed position is credited, funds are returned to the copy trading pool.

Important Aspects to Consider:

• Existing open positions are copied at current market prices, not at the original trade entry point.
• Trades reflect the same Stop Loss (SL) and Take Profit (TP) as the original trader’s strategy.
• Changes in SL and TP made by the copied trader are reflected in the copied trade.

Copy Stop Loss (CSL) Function on OKX

One of the most effective risk management tools on OKX is the Copy Stop Loss (CSL) feature. This allows users to set a stop loss independently of the copied trader’s settings:

• The default CSL is set at 40% of the invested copy value.
• For example, if you invest $1,000 to copy a trader, the CSL will automatically stop trading if your capital drops to $400.
• The CSL value can be adjusted between 5% and 95% of the total investment.

✅ Example:

• If you copy a trader with $1,000 and set a CSL at 30%, the system will close all open trades if your total value drops to $300.
• This helps protect your capital from excessive losses and gives you better risk control.

OKX’s Copy Trading feature provides a powerful way to automate trading strategies and benefit from the expertise of top-performing traders.

How Do OKX Strategy Portfolios Work?

OKX Strategy Portfolios work similarly to Copy Trading but focus on long-term investments. Instead of copying individual traders, Strategy Portfolios combine multiple assets into a single professionally managed portfolio.

Types of Strategy Portfolios:

• Market-Based Portfolios – Track specific market segments (e.g., DeFi, Layer-1 blockchains).
• Trader-Based Portfolios – Combine strategies of top-performing traders.

How It Works:

1. Select a portfolio based on your goals and risk tolerance.
2. OKX automatically manages and rebalances the assets.
3. Monitor performance and adjust settings at any time.

Investment Details:

• Minimum Investment: $1,000
• Default Stop Loss: 10% (adjustable)

✅ Benefits:

✔️ Professionally managed
✔️ Automated rebalancing
✔️ Diversification and risk control

OKX Strategy Portfolios offer an easy way to diversify investments and benefit from expert management.

How Can I Sell Cryptocurrencies on OKX?

OKX allows you to sell your cryptocurrencies and withdraw funds anytime. To sell crypto on OKX:

1. Go to “Markets” and select the cryptocurrency you want to sell.
2. Choose the order type (Market, Limit, or Stop-Limit).
3. Enter the amount you want to sell and click “Sell.”
4. The funds will be credited to your OKX account once the trade is completed.

Withdrawal Process

• You can withdraw your balance (in fiat or crypto) to a verified bank account or wallet.
• Processing time depends on the payment method (usually within 1 working day).
• Withdrawal fees vary depending on the cryptocurrency and payment provider.

Minimum Withdrawal Amounts

• Bitcoin (BTC): 0.001 BTC
• Ethereum (ETH): 0.01 ETH
• Ripple (XRP): 20 XRP
• Litecoin (LTC): 0.01 LTC

OKX Wallet

OKX provides a secure wallet to store, transfer, and manage your cryptocurrencies.

• You can transfer funds to your OKX Wallet via the “Portfolio” tab.
• The transfer process may take up to 1 business day to reflect on the blockchain.
• A small network fee applies when transferring to an external wallet.

Once transferred, the position will be closed on OKX, and the crypto will appear in your wallet. Coins transferred from OKX cannot be moved back to the exchange.

OKX Under Test

Security and Reputation

When using a platform like OKX, where you entrust the management of your funds and private keys to a third party, strong security is essential. If a third party gains access to your private keys, they essentially have control over your assets — making security and reputation critical factors.

From our perspective, OKX has established a strong reputation for security and trustworthiness. OKX is regulated under various financial authorities depending on the jurisdiction. Some key security measures include:

• Two-Factor Authentication (2FA): Required for logins and withdrawals.
• Cold Wallet Storage: A large percentage of funds are stored offline to protect against hacks.
• Insurance Fund: OKX maintains an insurance fund to cover losses in the event of a major security breach.

Customer funds are kept separate from the company’s operating funds, meaning that even in the unlikely event of insolvency, customer funds would not be affected.

Fees and Payment Methods

Trading fees on OKX are competitive with other major exchanges. OKX applies a standard maker/taker fee of 0.10% for spot trading, which can be reduced by holding OKB (OKX’s native token) or increasing your trading volume.

Payment Methods:

• Credit/Debit Card
• Bank Transfer (SEPA, SWIFT)
• PayPal (in selected regions)
• Google Pay / Apple Pay
• Skrill, Neteller, WebMoney
• P2P Trading

Fees are transparent and listed directly on the platform. However, withdrawal and network fees may apply depending on the asset and payment method.

Customer Support

OKX provides 24/7 customer support through:

• Live Chat – Immediate response from customer service agents.
• Support Tickets – For more detailed issues.
• Help Center and Community Forum – For FAQs and user discussions.

Our experience with OKX’s support has been positive, with fast response times and knowledgeable agents.

Hacker Attacks

OKX has maintained a strong track record in security. While some smaller incidents have occurred in the past, the exchange has always reimbursed affected users and implemented additional security measures to prevent future breaches. OKX’s insurance fund provides additional protection for user assets in the event of a security breach.

Bottom Line

OKX is one of the largest and most popular cryptocurrency exchanges globally. With over 400 cryptocurrencies available for spot trading and futures contracts, OKX offers one of the most comprehensive selections in the market.

From our perspective, OKX stands out as a top choice for both spot trading and futures trading. The platform’s competitive fees, advanced trading tools, and strong security measures make it ideal for both beginners and experienced traders.