OKX (formerly known as OKEx) ranks among the world's largest cryptocurrency exchanges, established in 2017. Catering to traders, investors, and crypto enthusiasts, OKX stands out with competitive fees, an intuitive interface, and a robust suite of tools.
OKX Fee Structure
OKX employs a transparent fee model displayed on their fee schedule page, organized into tabs:
- Trading Fees
- Market Interest Rates
- Cryptocurrency Withdrawals
Standard Trading Fees (No Discounts)
| Trading Type | Maker Fee | Taker Fee |
|--------------|----------|----------|
| Spot | 0.08% | 0.10% |
| Futures | 0.02% | 0.05% |
| Options | 0.02% | 0.03% |
Discounts: Hold OKB tokens or achieve higher trading volumes to reduce fees.
How to Use OKX: Step-by-Step
Step 1: Registration
Visit OKX and select your country.
- EU residents redirect to
my.okx.com
. - US users access
app.okx.com
.
- EU residents redirect to
- Sign up via email, Google, Apple, Telegram, or OKX Wallet.
- Verify your mobile number.
Step 2: Complete KYC
Mandatory for trading. Submit ID documents—approval typically takes <5 minutes.
Step 3: Fund Your Account
Deposit crypto or use P2P trading (region-dependent) to buy crypto with local currency.
Step 4: Start Trading
Trade on:
- Spot markets
- Futures/Options
- Demo accounts (risk-free practice)
Step 5: Advanced Features
- Copy Trading: Mirror expert traders.
- Earn: Staking, dual investments, Shark Fin products.
- Proof of Reserves: Ensures asset transparency.
Core Features of OKX
P2P Trading
Buy/sell crypto directly with local payment methods. Acts as an escrow for secure transactions.
Crypto Loans
- Flexible APR: As low as 1% for BTC.
- Risks: Liquidation if collateral value drops.
Earn Programs
- Simple Earn: Basic staking.
- Dual Investment: Fixed returns based on price targets.
- Shark Fin: Short-term, guaranteed-minimum yield.
- On-Chain Earnings: Access DeFi protocols.
Institutional Solutions
- OTC trading
- API connectivity
- Managed sub-accounts
FAQs
Q: Is OKX safe?
A: Yes, with Proof of Reserves and two-factor authentication (2FA).
Q: Can US users access OKX?
A: Only via the US-dedicated platform (app.okx.com
).
Q: How to reduce trading fees?
A: Hold OKB tokens or increase trading volume.
Final Thoughts
OKX excels with low fees, diverse trading options, and strong security. Ideal for both beginners and professionals.
Pro Tip: Use referral code CAPYRATE for lifetime 20% fee discounts.