OKX stands as one of the world’s largest cryptocurrency trading platforms by trading volume as of 2025. This review provides a detailed overview of its services, security measures, user experience, and overall reliability to help potential users make an informed decision.
Key Takeaways
- OKX offers a versatile trading environment including spot, margin, futures, and options trading.
- The exchange operates globally in over 180 countries, though it faces regulatory restrictions in regions like the U.S. and China.
- Through its MiCA license obtained via Malta, OKX is fully licensed and regulated in Germany and the broader EU.
- The user interface is clean and intuitive, accessible via both web browser and mobile app.
- Security is a top priority for OKX, and no major hacking incidents have been reported to date.
Overview of OKX Exchange
OKX was founded in 2017 in Hong Kong as OKEx and expanded to Europe in 2018 when it sought regulatory approval in Malta. The platform rebranded to OKX in 2022, signaling a renewed focus on international expansion and regulatory compliance. It has since secured licenses in multiple jurisdictions, making it one of the most regulated crypto exchanges globally.
According to its own reports, OKX serves over 200 million users across more than 100 countries, offering access to over 300 cryptocurrencies. These include major assets like Bitcoin (BTC) and Ethereum (ETH), along with altcoins, meme coins, AI tokens, and NFTs.
Beyond standard spot trading, OKX supports crypto derivatives such as futures, options, and swaps, catering to both retail and institutional investors. The exchange also provides educational resources through OKX Academy and Institutional Insights, offering tutorials, market analysis, and key metrics to help users make informed decisions.
Additional features include a proprietary app, a self-custody wallet, an NFT marketplace, and access to decentralized finance (DeFi) services through products like OKX Earn.
How to Open an OKX Account
Registration Process
Creating an account on OKX is straightforward and follows industry standards. Below is a simplified step-by-step guide:
- Begin by visiting the OKX website and clicking the "Register" button.
- Provide your country of residence and a valid email address.
- Verify your email using the code sent to your inbox, then confirm your phone number via SMS.
- Create a strong, unique password to complete the initial setup.
Note: Additional security measures can be enabled later in your account settings. OKX staff will never ask for your password.
Identity Verification
To unlock full account functionality, you must complete identity verification:
- Submit personal details such as your full name, address, date of birth, nationality, and government ID number.
- Verify your identity by uploading photos of your ID document (e.g., passport or driver’s license).
- Complete a live selfie check for facial recognition, which is easiest to do via the mobile app.
Verification is typically processed within 24 hours, after which you can start trading.
OKX Features and Offerings
Supported Cryptocurrencies
OKX lists over 300 cryptocurrencies and tokens, categorized for ease of navigation. Besides major coins like Bitcoin, Ethereum, Solana (SOL), XRP, and Dogecoin (DOGE), it also lists newer assets like the Donald Trump-themed meme coin (TRUMP).
Other categories include:
- AI Tokens: Fetch.ai (FET), Worldcoin (WLD), and others.
- Solana Ecosystem Tokens: Render (RNDR), Bonk (BONK), Jupiter (JUP), and more.
- Real-World Asset (RWA) Tokens: Avalanche (AVAX), Ondo (ONDO), Compound (COMP), etc.
- Meme Coins: Shiba Inu (SHIB), Pepe (PEPE), and similar assets.
- DeFi Tokens: Uniswap (UNI), Aave (AAVE), Maker (MKR), among others.
The exchange also offers tokens from sectors like gaming, proof-of-work (PoW) networks, NFTs, and even fan tokens for sports clubs like OKX partner Manchester City.
👉 Explore available trading pairs
Margin and Derivatives Trading
OKX provides a broad range of crypto derivatives tied to major cryptocurrencies like Bitcoin. Available products include futures, perpetual swaps, and options.
These instruments are closely linked to margin trading, which allows users to borrow funds to amplify potential gains (and losses) through leverage. While margin requirements are designed to limit excessive losses by automatically closing positions, this form of trading carries significant risk and is best suited for experienced traders.
Beginners are advised to practice using OKX’s demo mode before engaging in leveraged or derivatives trading.
OKX Earn
OKX Earn lets users generate passive income on their crypto holdings through lending and DeFi integration.
- Simple Earn: Users lock their crypto assets for a fixed or flexible term to earn interest (APR). Funds remain on OKX, making this a lower-risk option.
- On-Chain Earn: Crypto assets are deployed into external DeFi protocols via OKX. This offers higher potential returns but involves greater risk and is subject to the rules of each protocol.
OKX Wallet
OKX offers a non-custodial wallet that enables self-custody of digital assets. The wallet supports over 130 protocols and includes a built-in DEX aggregator for seamless cross-chain swaps, simplifying access to Web3 services.
OKX Academy
The OKX Academy provides extensive educational content for beginners and advanced users alike. Topics range from platform tutorials and trading strategies to security best practices, helping users navigate the crypto ecosystem confidently. Content is regularly updated to reflect market trends and new projects.
OKX Fee Structure
OKX’s fee schedule is competitive compared to other major exchanges. Trading fees are tiered based on user status, with lower rates for high-volume (VIP) traders. Standard users pay:
- Maker fee: 0.08%
- Taker fee: 0.10%
Withdrawals incur network fees determined by the respective blockchain. Euro deposits and withdrawals via bank transfer are free of charge. The exchange is also known for its tight spreads, minimizing slippage and improving trade execution.
Security and Regulatory Compliance
OKX is widely regarded as one of the most secure crypto exchanges, holding licenses in multiple jurisdictions and complying with local regulations. It was among the first exchanges to receive a MiCA (Markets in Crypto-Assets) license in the EU, ensuring full compliance in European markets, including Germany.
Technical security measures include independent audits by firms like CertiK and Slowmist, covering wallets, front-end systems, apps, and smart contracts. User funds are stored in a combination of hot and cold wallets to ensure both liquidity and security.
OKX also implements:
- Two-Factor Authentication (2FA): Strongly recommended for all users.
- Withdrawal Safelist: Allows withdrawals only to pre-approved wallet addresses.
- Anti-Phishing Code: Helps users identify legitimate OKX communications.
The exchange provides Proof of Reserves (PoR), demonstrating that user funds are fully backed. Most major cryptocurrencies are backed at over 100%, enhancing trust and transparency.
Customer Support
OKX offers customer support primarily through a chatbot and support center. Direct contact is available via email only. While the support center is comprehensive and available in German, the lack of live chat or phone support may be a drawback for some users.
User reviews are mixed: the platform scores 4.6/5 on Capterra but only 3.3/5 on Trustpilot, indicating room for improvement in customer service.
Pros and Cons of OKX
Pros:
- Diverse trading options: OTC, spot, derivatives, and bot trading.
- Wide selection of 300+ cryptocurrencies and 60+ EUR trading pairs.
- Free EUR deposits and withdrawals via bank transfer.
- Low trading fees and tight spreads.
- Multiple payment methods including credit card.
- German-language platform and support.
- Intuitive interface suitable for beginners and advanced traders.
Cons:
- No traditional assets like stocks or ETFs.
- Newer coins are listed only after rigorous review, limiting early speculative opportunities.
- Some advanced features reserved for VIP users.
- Customer support relies heavily on automated systems.
Conclusion: Is OKX Worth It?
OKX is a highly recommendable crypto exchange, particularly for users seeking a secure, low-cost, and feature-rich platform. Its extensive asset selection, competitive fees, and regulatory compliance make it suitable for both beginners and experienced traders.
While the exchange lacks a physical presence in Germany, its MiCA license ensures full operational legality in the EU. The platform’s educational resources and user-friendly design further enhance its appeal.
👉 Start your crypto journey today
Frequently Asked Questions
What is OKX?
OKX is a leading global cryptocurrency exchange established in 2017. It offers a wide range of crypto services, including trading, earning, and DeFi access, for users of all experience levels.
Is OKX safe?
Yes. OKX employs robust security measures, including 2FA, withdrawal whitelists, and Proof of Reserves. It is regulated in multiple jurisdictions and has no history of major security breaches.
What are the fees on OKX?
Trading fees range from 0.08% to 0.10%. Network fees apply for withdrawals, but EUR bank transfers are free.
Is OKX licensed in the EU?
Yes. OKX holds a MiCA license via Malta, making it fully compliant and operational across the European Union, including Germany.
How do I open an account?
Visit the OKX website, click "Register," provide your email and phone number, set a password, and complete identity verification.
Which cryptocurrencies can I trade?
OKX supports 300+ cryptocurrencies, including Bitcoin, Ethereum, meme coins, AI tokens, and DeFi assets.
How is customer support?
Support is available in German via chatbot, help center, and email. However, live support options are limited.
What is OKX Earn?
OKX Earn is a passive income product that lets users earn interest on crypto through Simple Earn (on-exchange) or On-Chain Earn (DeFi protocols).
Is there a mobile app?
Yes. OKX offers a user-friendly mobile app for iOS and Android with full functionality.
Is OKX good for beginners?
Absolutely. The platform’s intuitive interface, educational content, and simple earning features make it accessible to newcomers.