OKX Review UK: Personally Tested in 2024

Authored by:
Adam Woodhead
Adam Woodhead

Adam Woodhead

Co-Founder

Adam is a Co-Founder and content creator for The Investors Centre. His key areas of interest and expertise are cryptocurrency and blockchain technology.

Twitter Profile
Author Bio
Reviewed by:
Dom Farnell
Dom Farnell

Dom Farnell

Co-Founder

Dom is a Co-Founder of TIC, a passionate investor and seasoned blog writer with a keen interest in financial markets and wealth management. "My goal is to empower individuals to make informed investment decisions through informative and engaging content."

Twitter Profile
Author Bio
Last Updated 18/02/2024
Fact Checked

How We Test

At The Investors Centre, we pride ourselves on our rigorous fact-checking process. To delve deeper into our meticulous testing procedures and discover how we ensure accuracy and reliability, visit our dedicated page on how we test.

Please keep in mind that Cryptocurrency assets are volatile and currently unregulated. This volatility presents risk to your investment, and you may lose your funds. Profits from Cryptocurrency sales may be subject to Capital gains tax under UK law.

4.3/5

Please keep in mind that Crypto assets are volatile and currently unregulated. This volatility presents risk to your investment, and you may lose your funds. Profits from Cryptocurrency sales may be subject to Capital gains tax under UK law.

Spot Crypto
350+
FCA Regulated
Founded
2017
HQ
Seychelles
Native Token
OKB
Demo Image
3.2/5
Staking
Leverage
Non UK
Mobile App
DEFI Wallet
Beginner Friendly
4/5
Min Deposit
Demo Account
Available in UK
Review Score
4.35/5
* Please refer to the exchange website for up to date information.

OKX Overview

OKX at a Glance

In the dynamic realm of cryptocurrency trading, OKX stands out as a versatile platform that combines functionalities of a stock market brokerage account with the innovative edge of the crypto world. OKX caters to a broad spectrum of financial accounts, offering a robust futures market where individuals can trade futures with ease and precision. With a vast array of currencies traded, OKX facilitates smooth transitions for those looking to swap currencies or delve into the derivatives market.

OKX’s perpetual futures are a draw for those accustomed to perpetual contracts but seeking the liquidity and flexibility that decentralized exchanges can’t always offer. The platform’s trading tier system rewards users with a competitive maker fee structure, incentivizing active participation and bolstering trade volume.

Boasting a huge range of offerings and a user-friendly interface, OKX seamlessly integrates essential trading tools and services. Should users need assistance, the support ticket system is streamlined for quick and effective resolution, making OKX a comprehensive solution for any trader looking to make a mark in the cryptocurrency trading arena.

Review System

In assessing the performance and capabilities of crypto exchange platforms like OKX, our review grading system offers a structured and objective way to evaluate various aspects of the service. This system uses specific criteria that are crucial for users when reviewing choosing a cryptocurrency exchange.

Our goal in our OKX review is to provide a comprehensive and balanced perspective on OKX, highlighting its strengths and areas where it can improve. 

Review Criteria
TIC Review Rating
Cryptocurrencies Available
4.7/5
User Experience
4.1/5
Fees
4.4/5
Mobile App
4.5/5
Community
4.2/5
Staking
4.4/5
Transparency
4.3/5
Advanced Trading Tools
4.6/5
UK Accessibility
3.5/5
Overall Review Score
4.35/5

OKX Review 2024​

4.3/5

Review Overview

OKX earns an overall score of 4.35/5, establishing itself as a significant player in the crypto exchange market. OKX’s strengths lie in its extensive selection of tradable cryptocurrencies, security measures, and a user-friendly interface. 

Its wide range of digital assets appeals to those seeking portfolio diversification or keen on exploring emerging crypto trends. Moreover, the platform’s commitment to security, evident through measures like cold storage and two-factor authentication, increases confidence among users regarding the safety of their assets and personal information.

The user experience on OKX, marked by an intuitive and well-designed user interface itself, is conducive for both novice and advanced traders. However, the complexity of advanced trading features can be slightly overwhelming for beginners, slightly impacting the user experience score. The OKX mobile app mirrors these strengths, extending comprehensive crypto trading functionalities to on-the-go users, albeit with minor technical limitations. Areas such as community engagement and transparency, while solid, present opportunities for further enhancement to foster deeper user relationships and trust.

Notably, the platform’s accessibility for UK users, particularly limitations in services like Derivatives, OKX Earn, and Crypto Loans, marks an area for improvement. Addressing these concerns could significantly bolster OKX’s appeal within the UK market. Overall, OKX stands out as a reliable and versatile platform, offering a rich array of services and tools that cater to a wide spectrum of cryptocurrency traders and enthusiasts globally. Its combination of security, customer support, competitive trading fees, and user-centric features makes it a compelling choice in the competitive world of cryptocurrency exchanges.

OKX Pros and Cons

In-depth Review by Criteria

Cryptocurrencies Available: 4.7/5

In this OKX review, the platform’s vast selection of cryptocurrencies and trading pairs is a standout feature. OKX supports a wide array of digital assets, including leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as a comprehensive range of altcoins and newer tokens. This variety not only allows users to diversify their investment portfolios but also to participate in emerging crypto trends. The platform’s proactive approach to listing new and promising cryptocurrencies demonstrates its commitment to staying ahead in the dynamic crypto market. While its selection is extensive, a few competitors offer a slightly broader range, hence the 4.7/5 rating.

Security: 4.1/5

Security is paramount in the crypto exchange sphere, and OKX adopts rigorous measures to safeguard user assets and data. OKX doesn’t skimp on industry-standard security practices, ensuring account holdings are safeguarded with state-of-the-art measures. This commitment extends to their withdrawal methods as well, with options like Google Pay adding a layer of convenience and accessibility. The platform’s multi-layered security approach includes cold storage for the majority of user assets, ensuring that funds are not susceptible to online hacking attempts. The two-factor authentication (2FA) system adds an additional layer of security for user accounts, mitigating the risk of unauthorized access. Additionally, OKX’s implementation of anti-phishing codes helps protect users from fraudulent attempts. However, the evolving nature of cybersecurity threats means constant vigilance and adaptation are necessary. 

User Experience: 4.4/5

User experience on OKX is tailored for a diverse user base, ranging from crypto trading novices to seasoned professionals. The interface is designed for ease of use, with a clear and intuitive layout that simplifies navigation and trading operations. For beginners, features like quick buy/sell options and straightforward portfolio management are particularly user-friendly. For advanced traders, OKX offers a suite of sophisticated tools, including in-depth charting capabilities, a variety of technical analysis tools, and diverse order types. Despite these strengths, the platform’s advanced features can be initially daunting for new users, impacting its user experience rating slightly.

Fees: 4.3/5

OKX’s fee structure is designed to be competitive within the crypto exchange market. The platform operates on a tiered fee system, where the fees decrease as the user’s trading volume increases, incentivizing high-volume trading. Additionally, holding the platform’s native token, OKB, offers users access to discounted trading fees, further promoting engagement with all the trading features of platform’s ecosystem. For spot trading, OKX’s fees are generally in line with industry standards and other exchanges, while for futures contracts trading fees are also competitive. The 4.3/5 rating reflects the balance between competitive pricing for active traders and the potential for more favourable terms for lower-volume or casual traders.

OKX Mobile App: 4.5/5

The OKX mobile app extends the functionality of the desktop platform to mobile devices, offering a comprehensive and user-friendly trading experience. The app integrates key features such as real-time trading, account management, and access to market analytics. Its design is streamlined for ease of use on smaller screens, ensuring that users can effectively manage their crypto activities on the go. While the app is generally well-received for its functionality and reliability, some users report occasional technical issues and a learning curve with certain advanced features. These minor drawbacks result in a 4.5/5 rating, indicating a strong, yet not perfect, mobile application experience.

OKX Home Page to demonstrate interface for OKX vs Coinbase
OKX Home Page Desktop Screengrab
OKX Spot Trading Desktop Screenshot to Demonstrate Interface for OKX Review fees
OKX Spot Trading Desktop Screengrab

Community: 4.2/5

Community engagement is an essential aspect of cryptocurrency exchanges, and OKX actively cultivates its community presence. The platform engages with its user base through various social media platforms, offering regular updates, responding to user inquiries, and providing educational content. This engagement helps build a sense of community and trust among its users. However, compared to some industry peers, OKX’s community initiatives could benefit from more interactive and engaging events, such as live Q&A sessions, webinars, and more in-depth user guides. The 4.2/5 rating reflects solid community relations with room for more dynamic community-building efforts.

Staking: 4.4/5

Staking is a significant feature on the OKX platform, providing users with an opportunity to earn passive income on their cryptocurrency holdings. The platform offers various staking options with competitive interest rates, appealing to users seeking to maximize returns on their investments. OKX continuously updates its staking offerings, incorporating more tokens and adjusting rates to remain competitive. Despite these strengths, there’s room for expanding the range of staking options to include a broader variety of cryptocurrencies, which would enhance the platform’s appeal to a wider range of users. The score of 4.4/5 reflects its strong position in staking services with potential for further diversification.

Transparency: 4.3/5

Transparency is a critical factor in the trustworthiness of a cryptocurrency exchange. OKX maintains a commendable level of transparency in its operations, particularly in terms of its trading history, volumes and system updates. The platform provides users with transparent information regarding trading activities, fees, and any system upgrades or maintenance. However, in the broader cryptocurrency exchange industry, there is a general need for enhanced transparency, especially in areas such as fund management and internal governance. While OKX adheres to standard industry practices, there is always room for improvement in transparency to enhance user trust and confidence in the platform. The rating of 4.3/5 acknowledges OKX’s efforts in transparency while recognizing the need for continuous improvement in this area.

Advanced Trading Tools: 4.6/5

OKX offers a comprehensive suite of advanced trading instruments, catering to the needs of experienced traders. These tools include various types of charts, a range of technical analysis indicators, and options for automated trading strategies through API support. The platform is continually enhancing its active trading platform and tools, adding new features and functionalities to stay abreast of the evolving needs of its user base. While these tools are sophisticated and well-received by the trading community, there is always potential for introducing more innovative and user-friendly tools to cater to an even broader range of trading strategies and preferences. OKX’s platform is designed with features like built-in trading bots and dollar cost averaging tools, which are perfect for newcomers and seasoned traders alike.

The OKX Jumpstart initiative takes this a step further by unlocking opportunities within the rapidly evolving crypto landscape. Users can effortlessly engage in block trading, spot trades, and even perpetual swaps – a testament to the platform’s adaptability and depth.A score of 4.6/5 reflects the high quality of these tools, with acknowledgment of the potential for ongoing innovation and improvement.

UK Accessibility: 3.5/5

For UK users, OKX offers a solid trading experience with support for GBP transactions and a range of cryptocurrencies available for trading. However, certain services, such as Derivatives, OKX Earn, and Crypto Loans, face limitations for UK residents. These restrictions impact the overall utility of the platform for users based in the UK. While OKX provides a comprehensive set of features and a user-friendly platform, aligning its services more closely with UK regulations and expanding the availability of all its services to UK users would significantly enhance its appeal in this specific market. The 3.5/5 rating reflects these considerations, balancing the platform’s strengths with the need for more tailored services for the UK market.

“OKX is not registered as a crypto asset business with the Financial Conduct Authority in the UK. However, we do comply with the FCA’s rules on the promotion of crypto assets. As a UK resident, you may not be able to access the full range of our services, such as Derivatives, OKX Earn or Crypto Loans. Crypto asset services offered by OKX are unregulated and not covered by the Financial Services Compensation Scheme as well as the FCA’s consumer protection regulations. Note that the value of crypto assets can go down as well as up, gains may be subject to Capital Gains Tax, and there may be extra charges when paying via credit card from your provider.” OKX.com

Overall Verdict OKX Review: 4.35/5

OKX Exchange Features

OKX Mobile Welcome Screengrab
OKX Mobile Welcome Screengrab

OKX Exchange, offers a suite of features that cater to both novice and seasoned traders in the digital asset market. Here are some of its key features:

  1. Diverse Trading Options: OKX provides a range of trading options, including spot, futures, perpetual swaps, and options trading. This diversity allows traders to engage in various strategies, whether they are looking for long-term investments or short-term speculative opportunities.

  2. Advanced Trading Platform: The platform is designed with advanced trading instruments and a user-friendly interface. It includes features like real-time charts, a range of indicators and analysis tools, and customizable widgets, which make it suitable for traders of all experience levels.

  3. High Liquidity: OKX is known for its high liquidity, ensuring that large trades can be executed without significant price slippage. High liquidity is vital for traders as it facilitates better price discovery and allows for more efficient trading.

  4. Robust Security Measures: Security is paramount at OKX. The exchange employs industry-leading security measures such as cold storage for the majority of assets, two-factor authentication (2FA), and anti-phishing codes to ensure user funds and data remain secure and keep OKX Safe.

  5. Staking and DeFi Services: OKX goes beyond traditional exchange services by offering staking and decentralized finance (DeFi) services. Users can stake certain cryptocurrencies to earn interest, participate in yield farming, and engage in other DeFi activities directly through the platform.

  6. Global Compliance and KYC Standards: OKX adheres to global compliance standards and implements Know Your Customer (KYC) processes. This commitment to regulatory compliance is crucial in providing users with a secure and trustworthy trading environment.

  7. Mobile App and API Support: Recognizing the need for on-the-go trading, OKX offers a comprehensive mobile application, providing users with the flexibility to trade anytime, anywhere. Additionally, OKX provides API support for automated trading.

  8. Educational Resources and Community Support: OKX is dedicated to educating its users, offering a range of resources including guides, articles, and webinars to help users navigate the complexities of cryptocurrency trading. The platform also has a strong community presence, offering support and fostering engagement through various channels.

  9. OKX Wallet: The OKX Wallet is a secure and versatile platform feature, supporting a wide range of cryptocurrencies and seamlessly integrating with OKX’s trading services. The OKX wallet offers robust security measures, user-friendly functionality, and provides easy access to staking and DeFi services, catering to both novice and experienced users.

  10. OKX Customer Support: OKX is known to provide good customer support. The platform offers multiple support channels including 24/7 live chat, email support, and a comprehensive FAQ section. Users also benefit from community support through social media and forums, where they can get assistance and share experiences with other users. OKX’s commitment to customer service is evident in its efforts to provide timely and helpful support to its users.

4.3/5

TIC OKX Review Score 4.35/5

OKX

OKX Exchange, established in 2017 and headquartered in Seychelles, is a dynamic player in the global cryptocurrency market, offering a wide array of trading options and advanced security measures.

Pros

Cons

Please keep in mind that Cryptocurrency assets are volatile and currently unregulated. This volatility presents risk to your investment, and you may lose your funds. Profits from Cryptocurrency sales may be subject to Capital gains tax under UK law.

What is OKX Exchange​

OKX, formerly known as OKEx, is a prominent player in the digital asset and cryptocurrency exchange market. OKX is headquartered in Seychelles, an archipelago in the Indian Ocean. This location is a strategic choice for many fintech and blockchain companies due to the country’s progressive approach to technology and business. Established in 2017, it has quickly risen to prominence due to its wide range of services, including spot and derivative trading. This rapid growth is a testament to OKX’s ability to adapt and innovate in the fast-paced world of digital currencies.

The crypto exchange is part of the OK Group, which has a rich history in the blockchain sector. OKX is not just a trading platform for trading cryptocurrencies but also offers futures trading, a significant feature that sets it apart in the market. This versatility has allowed OKX to cater to both novice and experienced crypto traders together.

In terms of market positioning, OKX stands as one of the largest cryptocurrency exchanges globally. According to data from CoinMarketCap, a leading source for tracking the capitalization of various cryptocurrencies, OKX consistently ranks in the top tier of exchanges by trading volume. This high trading volume indicates a strong trust and user base in the crypto community. The platform employs advanced technologies to ensure user funds and data remain secure, a critical factor contributing to its reputation for trustworthiness.

TIC Crypto safety TIP

For enhanced protection against theft, we recommend transferring your cryptocurrencies to an external crypto wallet, such as Trezor or Cypherock, when not trading or collecting staking rewards. These secure hardware wallets safeguard your assets by storing them offline.

OKX Fees

For UK users and others, understanding the fee structure of OKX is crucial for efficient trading and financial planning. Here’s a detailed analysis of various fees associated margin trading with OKX, including express buy, standard trading fees, and different types of deposit and withdrawal fees. 

Fees by Type

Express Buy Fees

Trading Fees (Standard Platform)

  • Spot Trading Fees: OKX employs a maker-taker fee model. As of April 2023, maker fees range from 0.08% to 0.10%, and taker fees from 0.10% to 0.15%, depending on the user’s 30-day trading volume and OKB token balance.

  • Futures Trading Fees: Similar to spot trading, futures fees are tiered by trading volume. For a trading volume below $500,000, the maker fee is around 0.02%, and the taker fee is about 0.05%.

Deposit Fees (GBP)

  • Bank Transfers: Typically, the OKX platform does not charge for GBP deposits made via bank account transfers. However, users should check for any fees that their bank might impose.

  • Other Methods: Third-party payment processors may incur additional fees. These vary based on the processor used and are generally disclosed at the time of the transaction.

Withdrawal Fees (GBP)

  • Bank Transfers: Withdrawal fees for GBP via bank transfer are usually fixed, for example, £2 per transaction, plus a potential small percentage of the withdrawal amount.

  • Minimum Withdrawal Amount: It’s important to note the minimum withdrawal amount, which could affect smaller traders.

Credit/Debit Card Payments

  • Purchasing Crypto: When purchasing crypto via credit/debit cards, users can expect a fee, typically ranging from 2% to 4% of the transaction amount. This fee is higher due to processing charges imposed by card companies.

Cryptocurrency Deposit Fees

  • Deposits: OKX generally does not charge fees for depositing cryptocurrencies. However, standard network fees apply, which vary depending on the blockchain and network congestion at the time of the deposit.

Cryptocurrency Withdrawal Fees

  • Withdrawal Fees: These fees vary significantly depending on the cryptocurrency. For instance, Bitcoin withdrawals might incur a fee of 0.0004 BTC, and Ethereum might have different fees based on gas prices.

  • Network Fees: The withdrawal fee is often influenced by the network fee at the time of the transaction, which can fluctuate based on network demand.

Additional Points for UK Users

  • Currency Exchange: For UK users, any currency conversion from GBP to USD or other currencies can incur additional costs, which should be factored into the overall fee calculation.

  • Regulatory Compliance: Due to financial regulations, some features and cost structures might be different for UK users, particularly in areas like derivatives trading.

It’s crucial for users to regularly check OKX’s official fee schedule for the most current information, as fees can change based on market conditions and platform updates. This detailed cost structure understanding will enable users, particularly those in the UK, to make more informed decisions and manage their trading costs effectively.

Exchange Fee Type
Approximate Fee
Trading Fees Express Buy
Service Charge: ~1-2% of transaction value
Trading Fees Spot
Maker: 0.08% - 0.10%, Taker: 0.10% - 0.15%
Deposit Fees (GBP)
Typically no charge for bank transfers; third-party fees may apply for other methods
Withdrawal Fees (GBP)
Fixed fee (e.g., £2) + potential small percentage of withdrawal amount
Credit/Debit Card Payments
Approx. 2-4% of the transaction amount
Cryptocurrency Deposit Fees
Generally free, network fees may apply
Cryptocurrency Withdrawal Fees
Varies by cryptocurrency; adjusted based on network conditions
For the latest and most accurate fee information, checking OKX's official website or contacting their support is advisable.

Which Cryptocurrencies are Available on OKX

OKX, as one of the leading crypto exchanges, OKX offers an extensive range of digital assets, the exchange caters to a diverse audience of traders and investors. The platform is known for continuously updating its offerings to include a wide variety of cryptocurrencies and trading pairs.

Major Cryptocurrencies: This includes well-known and widely traded cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH).

Altcoins: Apart from the major cryptocurrencies, OKX also lists a broad selection of altcoins. These are alternative cryptocurrencies to Bitcoin and include popular options like Cardano (ADA), Polkadot (DOT), Chainlink (LINK), and Stellar (XLM).

Emerging Tokens: OKX is also known for offering emerging and newer tokens, catering to users interested in newer blockchain projects and initial coin offerings (ICOs).

Stablecoins: The platform supports trading pairs various stablecoins like Tether (USDT), USD Coin (USDC), and Binance USD (BUSD), which are pegged to stable assets like the US Dollar.

DeFi Tokens: With the rise of decentralized finance (DeFi), the OKX wallet has included a variety of DeFi tokens, allowing users to engage with this innovative financial sector.

NFT Tokens: Reflecting the growing interest in crypto world in non-fungible tokens (NFTs), OKX offers certain tokens related to the NFT marketplace.

Users are advised to check OKX’s current listings for the most up-to-date information. Click here for up date Crypto listings.

OKX Advanced Trading UI Mobile Screengrab for okx vs coinbase
OKX Advanced Trading UI Mobile Screengrab

OKX Tips and Tricks

To optimize your experience and trading success on OKX, consider the following tips and tricks:

  1. Stay Informed: Regularly check OKX exchange updates and market analyses. Staying informed about market trends and platform updates can help you make better trading decisions.

  2. Use OKX’s Advanced Trading Tools: If you’re an experienced trader, take advantage of OKX’s advanced trading instruments like technical analysis indicators, charting tools, and trading bots for more sophisticated trading strategies.

  3. Engage in Staking and DeFi: Explore OKX’s offerings beyond trading, such as staking and DeFi services. These can provide alternative ways to earn returns on your crypto holdings.

  4. Participate in Community and Education: Engage with the OKX exchange community through forums, social media channels, and webinars. Utilize the educational resources provided by OKX to enhance your trading knowledge.

  5. Practice Risk Management: Use risk management tools offered by OKX, like stop-loss orders, and only invest what you can afford to lose. Cryptocurrency markets can be volatile, so it’s important to manage risks wisely.

  6. Explore Diverse Investment Options: Diversify your investment portfolio by exploring various cryptocurrencies and financial products offered on OKX. Diversification can reduce risk and enhance potential returns.

  7. Take Advantage of OKX’s Mobile App: For trading on the go, use OKX’s mobile app to monitor the markets, manage trades, and receive notifications about your account.

  8. Stay Secure: Regularly update your security settings, use two-factor authentication, and follow best practices for digital asset security to protect your OKX account.

  9. Use Trading bots?: If you were so inclined users can use a trading bot on OKX. The platform provides API support which allows the integration of various third-party trading bots. These bots enable automated trading based on specific algorithms and predefined criteria, suitable for different trading strategies. However, users should have a certain level of technical know-how to effectively set up and manage a trading bot.

By following these tips and leveraging the diverse features and tools available on OKX, you can enhance your trading experience and potentially improve your investment outcomes.

OKX Review Key Takeaways:

  1. Extensive Cryptocurrency Options: Kraken offers a wide range of over 300 cryptocurrencies, including major coins and niche tokens.

  2. TIC OKX Review rating: 4.35/5

  3. Limitations for UK Users: Some services like Derivatives and OKX Earn have restrictions in the UK, affecting the platform’s overall accessibility in the region.

  4. Kraken Pro for Advanced Cryptocurrency Traders: Offers sophisticated tools and lower fees for crypto trading, but with a complexity that may not suit beginners.

  5. Staking and DeFi Opportunities: Users can earn passive income through staking and participate in DeFi services.

OKX FAQ

OKX is a legitimate cryptocurrency exchange. Established in 2017 and headquartered in Seychelles, it’s known for a wide range of services and adheres to various security and compliance standards.

Yes, OKX is available to users in the UK, but with certain limitations on services like Derivatives, OKX Earn, and Crypto Loans due to regulatory compliance.

“OKX is not registered as a crypto asset business with the Financial Conduct Authority in the UK. However, we do comply with the FCA’s rules on the promotion of crypto assets. As a UK resident, you may not be able to access the full range of our services, such as Derivatives, OKX Earn or Crypto Loans. Crypto asset services offered by OKX are unregulated and not covered by the Financial Services Compensation Scheme as well as the FCA’s consumer protection regulations. Note that the value of crypto assets can go down as well as up, gains may be subject to Capital Gains Tax, and there may be extra charges when paying via credit card from your provider.” OKX.com

We have written a log on this subject, OKX vs Coinbase

OKX was initially founded in China but later moved its operations to Seychelles. It’s part of the OK Group, which has a global presence in the blockchain sector.

OKX is considered a good trading platform due to its extensive range of cryptocurrencies, advanced trading tools, high liquidity, and robust security measures.

Yes, users can withdraw money from OKX. The platform supports withdrawals in both cryptocurrency and fiat currency, subject to certain fees and limits.

Yes, OKX offers staking services for various cryptocurrencies. Users can earn rewards by staking eligible cryptocurrencies directly through the OKX platform.

Whether OKX is better than Binance depends on individual user needs. Both platforms offer a wide range of services, but they differ in fee structures, available cryptocurrencies, and specific features.

OKX is part of the OK Group, which has several key figures in the blockchain industry, including Star Xu as one of its notable founders.

OKX employs several security measures to secure users accounts like two-factor authentication, cold storage, and anti-phishing codes. However For enhanced protection against theft, we recommend transferring your cryptocurrencies to an external wallet, such as Trezor or Cypherock, when not trading or collecting staking rewards. These secure hardware wallets safeguard your assets by storing them offline.

OKX is suitable for day trading, offering high liquidity, real-time data, a variety of trading pairs, and low latency, which are essential for day trading activities.

Featured Blogs

Our #1 recommended Crypto Exchange in the UK

Translate »