OKX
Teagle Score
Teagle user score
OKX Exchange Overview and Review
The centralized exchange OKX is one of the world's top exchanges, serving millions of users in more than 100 countries. OKX's services include spot, margin and futures trading, DeFi services and …. It also offers direct crypto purchases through various methods, P2P trading and fee-free instant asset conversion. In addition, AI-powered trading tools (Agent Trade Kit) and API connectivity for corporate (institutional) users are among its other features. However, due to international sanctions, this reputable international broker does not provide services to Iranians.
Teagle risk warning for OKX
Warnings
OKX exchange ranking and credibility
In terms of international trading volume and range of services, OKX is considered one of the top cryptocurrency platforms. By publishing a monthly «Proof of Reserves», the exchange transparently demonstrates a 1:1 backing of user assets. Even so, its Trustpilot score shows that alongside traders' satisfaction with its speed and technical features, there are also challenges with support and account verification.
|
Proof of Reserves |
$19 billion (at the time of writing) |
|
24-hour spot trading volume (Volume 24) |
$803 million (at the time of writing) |
Cryptocurrencies on OKX exchange
Below is a list of the major coins on this exchange:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Solana (SOL)
- Ripple (XRP)
- Tether (USDT)
- Cardano (ADA)
- Litecoin (LTC)
- Shiba (SHIB)
- Dogecoin (DOGE)
- and …
- Cluster Protocol (CP)
- Kite (KITE)
- DepOS (DOS)
- GRVT (GRVT)
- Aeon (AEON)
- Solstice (SLX)
- Bittensor (TAO)
- Nesa (NES)
- Cards (CARDS)
Managing trading costs on OKX: deposits, withdrawals and fees
OKX classifies its trading fees and users' daily withdrawal limits based on user level (Tier), 30-day trading volume and the amount of assets held in the account. Deposits and withdrawals are made through various fiat methods and cryptocurrency networks, which may involve network fees or specific processing times. Assets can also be converted quickly through the OKX Convert service with no fee charged. As an account is upgraded from the regular level to VIP levels, the daily crypto withdrawal limit naturally increases and fees decrease.
|
User Level |
Maximum Daily Withdrawal Limit |
|
Regular User |
$10,000,000 |
|
VIP 1 |
$24,000,000 |
|
VIP 2 |
$32,000,000 |
|
VIP 3 |
$40,000,000 |
|
VIP 4 |
$48,000,000 |
|
VIP 5 |
$60,000,000 |
|
VIP 6 |
$72,000,000 |
|
VIP 7 |
$80,000,000 |
|
VIP 8 |
$80,000,000 |
|
VIP 9 |
$80,000,000 |
OKX exchange services and features
On the OKX exchange, in addition to standard spot trading, users can access smart trading tools as well as a wide range of derivatives markets. The platform also offers direct crypto purchases through various payment methods and peer-to-peer (P2P) trading. Below, we look at some of the most important services and features of the OKX exchange:
- Spot and derivatives trading (Spot & Derivatives): Full support for spot, margin, perpetual futures, options and expiry futures trading for all kinds of trading styles.
- Quick conversion (OKX Convert): Instant, direct conversion between digital assets with no trading fees and no slippage.
- Smart trading tools (Agent Trade Kit): Automate trading strategies using AI agents (AI Agents).
- Web3 and NFT ecosystem: Integrated access to decentralized finance (DeFi) tools, digital asset markets and NFTs.
Download the OKX exchange app
Review of the OKX exchange app user experience
Based on feedback from international users, the user experience of the OKX app is mixed. Some traders are satisfied with its high speed, smooth user interface and trading bot features. On the other hand, other users have pointed to complicated menus, slowness and technical errors appearing after some updates.