OKX Website
OKX, originally known as OKEx and launched in 2017 by Star Xu, is a cryptocurrency exchange available in more than 200 countries. It offers a user-friendly interface with a wide range of services and features.
Upon visiting the website, you can quickly sign up by entering your email or phone. The header provides links to Buy Crypto, Markets, Trading, Finance, Learn, Support, and More, offering access to various products and resources.
The website features lists, including Popular Assets, New Assets, Gains Ranking, and Turnover Ranking, showcasing popular cryptocurrencies like Bitcoin, Ethereum, OKB, and more, along with their prices and charts.
Further down, the Discover section explores DeFi, dApps, NFTs, and GameFi. The Buy Crypto page allows conversion of over 30 FIAT currencies into cryptocurrencies via credit card, debit card, or other methods.
Other sections include trading, mining pool, low-interest loans, and an educational Learn page with guides on buying/selling cryptocurrency, trading on OKX, and earning passive income.
New users can earn up to $30 in crypto rewards, with a $100 deposit offering $10 in free BTC. The site also highlights their mobile app for real-time price tracking, alerts, and trading.
At the bottom, you'll find announcements, FAQs, and company information, including legal and privacy details and social media links.
History of OKX
OKX, originally founded in 2017 by Star Xu and registered in Belize, later moved to Malta and had a Seychelles presence. In 2021, it committed to Seychelles full-time and is now officially headquartered there. OKX rebranded from OKEx in January 2022 to focus on DeFi, NFTs, games, and metaverses.
OKX Functionality
OKX offers various advantages, including:
- Instant Buy Crypto Feature: Users can quickly buy supported cryptocurrency assets using preferred payment methods.
- Over 250 Cryptocurrencies: The platform offers access to over 250 cryptocurrencies for advanced trading.
- Native Mobile Applications: OKX provides mobile apps for both iOS and Android, enabling real-time price tracking, alerts, and trading.
- Deposit and Withdrawal Methods: Users can deposit FIAT currencies using various methods, including bank transfers, cards, and more. Peer-to-Peer (P2P) trading is also available.
OKX Fees
OKX's fee structure varies based on factors like trading pair, OKB holding, and trading volume. Most users pay 0.1% for market orders and 0.08% for taker orders. VIP users with high trading volumes enjoy lower fees.
Withdrawal fees depend on the specific cryptocurrency, and the platform offers different fee tiers based on OKB holdings.
The OKX MetaX Wallet
The MetaX wallet within OKX supports multiple blockchains and DeFi protocols. It's a web browser extension wallet offering control over private keys, connecting to dApps, and facilitating investments, trades, and earnings.
Pros and Cons of OKX
OKX Pros
- Support for FIAT currencies
- Abundance of educational resources
- Varied offerings and features
- User-friendly buy and sell dashboard
- Responsive online technical support
OKX Cons
- Not available for U.S. residents
- Complex fee structure for beginners
The Bottom Line
OKX is a well-designed and reputable cryptocurrency exchange with a wide range of features. It offers educational content for newcomers, making it approachable. While fees can be complex, it remains competitive. Overall, OKX meets the needs of most traders.
