OKX (formerly OKEx) traces its origins back to 2013 when founder Star Xu established OKCoin in Beijing. The platform underwent a brand upgrade in 2017 with the launch of OKEX overseas. Headquartered in Seychelles, OKX serves users across multiple countries with diverse crypto asset trading services. Notably, Binance founder Changpeng Zhao was once a co-founder of OKCoin before departing to establish his own exchange.
Introduction to OKX Crypto Exchange
As one of the oldest exchanges in the industry, OKX ranks 7th globally in spot trading volume despite withdrawing from Mainland China. Its true strength lies in derivatives trading, where it ranks 3rd worldwide behind only Binance and Bybit.
Key Features:
- Derivatives-focused: 85% of total trading volume comes from futures/contracts
- Ecosystem builder: Operates OKX Ventures, OKC blockchain, and Web3 Wallet
- Global presence: Recently expanded marketing efforts in Taiwan
Step-by-Step Registration Guide
- Click the registration link below
- Verify invitation code 84598546 appears on the signup page
- Complete KYC verification
Benefits when registering via referral:
- 20% lifetime discount on trading fees
- Newbie mystery box (up to $10,000 in prizes)
- Additional box for first deposit
👉 Claim your registration perks now
Deposit Methods Explained
| Method | Processing Time | Fees | Best For |
|---|---|---|---|
| Credit Card | Instant | 1-4% | Beginners |
| Wallet Transfer | 5-30 minutes | Network fees | Existing holders |
| P2P Trading | Varies | 0% | Cost-sensitive users |
Credit Card Deposits:
- Navigate to "Buy Crypto" > "Quick Buy"
- Select currency and amount
- Complete payment via 100+ supported options (Visa/Mastercard/LINE Pay)
Wallet Transfers:
- Always verify network compatibility (e.g., TRC20 for USDT)
- Confirm addresses three times before submitting
P2P Trading Tips:
- Choose Diamond Verified merchants
- Never release funds before receiving assets
Withdrawal Options
| Type | Speed | Fees |
|---|---|---|
| Chain Transfer | 5-60 mins | Variable |
| Internal Transfer | Instant | Free |
Pro Tip: For frequent traders, internal transfers between OKX accounts save time and fees.
Fee Structure
OKX offers competitive rates:
Spot Trading:
- Maker: -0.005% to 0.08%
- Taker: 0.02% to 0.1%
Contracts:
- Maker: -0.15% to 0.02%
- Taker: 0.02% to 0.05%
Security Measures
OKX implements bank-grade protection:
- Cold Wallet Storage: 95% assets offline
- Multi-Sig Authorization: Requires multiple approvals
- Proof of Reserves: Real-time auditability
- Security Fund: 200M USD protection pool
Pros vs Cons
Advantages:
✓ Low trading fees
✓ Robust derivatives market
✓ Intuitive mobile app
Challenges:
✗ Limited TWD support
✗ 60K TWD fiat limits
✗ Past liquidity issues
FAQ Section
Q: Is OKX available in the US?
A: No, US residents cannot access OKX's main platform due to regulatory restrictions.
Q: What's the minimum deposit?
A: Varies by method - credit card minimum is $15 equivalent, while crypto transfers have no minimum.
Q: How long do withdrawals take?
A: Most complete within 30 minutes, but complex transactions may require manual review (up to 24 hours).
Q: Does OKX offer staking?
A: Yes, with flexible and fixed-term options yielding up to 15% APY on select assets.
Q: What happens if I send coins to the wrong network?
A: Recovery may not be possible. Always triple-check addresses and chain types.