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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
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OKX is a comprehensive platform offering an impressive range of services, including spot, derivatives, and margin trading. It stands out for its low fees and user-friendly interface, making it accessible to both new and experienced traders. However, it's not available in the U.S. and has received mixed reviews regarding customer support. While security features are robust, the platform's complexity might be overwhelming for some. Overall, OKX is a strong choice for traders who can navigate its advanced offerings.
Overview
Quick Facts
OKX, established in 2017 and headquartered in Seychelles, is a global cryptocurrency exchange that provides a platform for various crypto-related services. It offers a wide array of features including spot and derivatives trading, P2P exchange, savings and staking options, as well as an NFT marketplace. OKX supports a large number of cryptocurrencies, boasting over 400 digital currencies and more than 796 trading pairs. The exchange is known for its competitive fees, strong security measures including two-factor authentication, and a user-friendly interface that caters to both beginners and experienced traders. However, it's not available in the United States and some other regions due to regulatory restrictions, and there have been some concerns about customer service responsiveness
Informations
Pro's & Con's
- High reputation and trust
- Lots of features for traders
- Good all-rounder for investments
- Low fees
- Might be complex for beginners
OKX
Features
Feature Overview
Unique Features
- Spot, futures, margin, and leveraged ETF trading
- Lending
- Features for professional traders
- Staking
- Launchpad
Tradable Assets
- Cryptocurrencies
Trading Options
- Derivatives
- Margin trading (leverage)
- Short/Long
Our
OKX
Review
Test Result
Conclusion
OKX is a comprehensive platform offering an impressive range of services, including spot, derivatives, and margin trading. It stands out for its low fees and user-friendly interface, making it accessible to both new and experienced traders. However, it's not available in the U.S. and has received mixed reviews regarding customer support. While security features are robust, the platform's complexity might be overwhelming for some. Overall, OKX is a strong choice for traders who can navigate its advanced offerings.
Customer Reviews
/ 5 average rating from -- reviews
Write a Review
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OKX
User Reviews
Highly operational and user-friendly with an intuitive interface suitable for all types of users
Offers spot and derivatives trading, P2P trading, savings, staking, loans, and an NFT marketplace.
Regarded as beginner-friendly due to extensive educational resources and easy navigation.
Trading fees start at 0.08% for makers and 0.1% for takers, with possible discounts based on trading volume or OKB token holdings.
OKX employs multi-layer security with 2FA, cold storage, and regular security audits.
Available via email and social media channels; however, some reports indicate slow response times.
While well-regarded for a wide range of services, competitive costs, and solid security schemes, OKX provides an easy-to-use website that's suited for those new to the cryptocurrency industry. While these are some of its strengths, the platform's customer service is generally slow, and it has been shunned in some areas, such as the United States, due to legal restrictions. The platform's credibility took a hit when it was accused of reporting false trading volumes, and its founder was even detained for a period. In conclusion, OKX is a well-rounded exchange that many admire for its technology and services, but potential users should evaluate the upsides and downsides before taking the platform for a spin.
About
OKX
OKX
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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