OKX is a global cryptocurrency exchange established in 2017 and headquartered in Malta. With over 60 million users across more than 160 countries, it has grown into one of the world’s largest trading platforms. In early 2025, OKX became the first global crypto exchange to receive a full MiCA (Markets in Crypto-Assets) license from the European Union, enabling it to offer regulated crypto services throughout Europe.
This review provides a detailed analysis of OKX’s offerings, including its trading features, fee structure, security measures, and overall user experience.
How to Create an OKX Account
Opening an account with OKX is a simple process:
- Visit the OKX website and click on the registration button.
- Enter your personal details, including your full name and country of residence.
- Verify your phone number using the code sent via SMS.
- Complete identity verification by answering additional questions and uploading a valid ID document.
- Deposit funds via one of the supported payment methods and begin investing.
Company Overview and Key Features
OKX was founded in 2017 and is operated by OKCoin Europe Ltd. The platform supports over 300 cryptocurrencies and provides services in multiple languages, including German, English, and French. Its MiCA compliance underscores its commitment to regulatory standards and user security.
The exchange offers a range of features suitable for both beginners and advanced users:
- Spot trading with a wide selection of cryptocurrencies
- NFT marketplace supporting Ethereum, Solana, and Polygon
- Web3 wallet integration
- Staking and earning programs
- Trading bots and copy trading capabilities
- Advanced order types (limit, stop-loss, take-profit)
One notable limitation for users in Germany is the unavailability of savings plans (Sparpläne), which may deter long-term investors seeking automated accumulation strategies.
Trading Experience and Usability
OKX offers a user-friendly interface accessible via desktop and mobile apps. The platform is available in German, making it approachable for local users. Key aspects of the user experience include:
- Intuitive buying/selling process: The interface is designed to help beginners navigate trades easily.
- Comprehensive dashboard: Users can monitor portfolios, market trends, and performance metrics.
- Lack of expert mode: Currently, there is no option to switch between Lite and Advanced trading interfaces.
While the platform is largely intuitive, some advanced features could benefit from clearer explanations or tooltips.
Earn and Staking Programs
OKX Earn allows users to generate passive income through flexible or fixed-term staking products:
- Flexible staking: Users can withdraw their assets at any time, offering liquidity but with lower yields.
- Fixed staking: Higher returns are offered for committing assets for a predefined lock-up period.
The platform also supports lending and borrowing services, enabling users to obtain liquidity without selling their crypto holdings.
👉 Explore advanced staking strategies
Security and Regulation
Security is a cornerstone of OKX’s service offering. The platform employs multiple layers of protection:
- Two-factor authentication (2FA)
- Cold storage for the majority of user assets
- Proof of reserves and regular external audits
- Insurance coverage for digital assets
The acquisition of the MiCA license in 2025 further solidifies OKX’s compliance with EU regulatory frameworks. No major security breaches have been reported since its inception.
Supported Payment Methods
OKX supports a variety of deposit and withdrawal options:
| Method | Deposit | Withdrawal |
|---|---|---|
| Bank Transfer (SEPA) | ✅ | ✅ |
| Cryptocurrency | ✅ | ✅ |
| Credit Card | ✅ | ❌ |
| Apple Pay / Google Pay | ✅ | ❌ |
Bank transfers and crypto deposits are fee-free, while credit card deposits incur a 1.99% fee. Withdrawal fees vary depending on the network used.
Fee Structure
OKX uses a maker-taker fee model that rewards liquidity providers. Standard fees are:
- Maker fee: 0.08%
- Taker fee: 0.10%
Fees decrease based on the user’s 30-day trading volume or the total value of assets held on the platform. The fee schedule is as follows:
| Asset Volume (EUR) | Maker Fee | Taker Fee |
|---|---|---|
| < 20,000 | 0.08% | 0.10% |
| 20,000 – 25,000 | 0.07% | 0.095% |
| 25,000 – 50,000 | 0.06% | 0.09% |
| 50,000 – 250,000 | 0.05% | 0.08% |
| 250,000 – 500,000 | 0.04% | 0.075% |
| 500,000 – 1,000,000 | 0.04% | 0.070% |
| > 1,000,000 | 0.02% | 0.04% |
The platform also applies a spread, which varies based on market conditions.
Customer Support
OKX provides customer service through:
- Live chat (with chatbot initial filter)
- Email support
- Detailed FAQ section
Support is available 24/7, and German-speaking representatives are accessible. However, there is no phone support—a common trait in the cryptocurrency industry. Response times and solution quality may vary.
Pros and Cons
Pros:
- Low trading fees
- MiCA licensed and fully regulated
- Wide selection of cryptocurrencies (300+)
- Multiple payment methods
- User-friendly interface in German
- Robust security measures and insurance
Cons:
- No savings plan functionality in Germany
- Limited derivative trading options
- No telephone support
Frequently Asked Questions
Is OKX available in Germany?
Yes. OKX operates legally in Germany under its MiCA license, complying with all EU regulatory standards.
Can I transfer cryptocurrencies from OKX to an external wallet?
Yes. OKX allows withdrawals to external wallets. Network fees may apply depending on the blockchain.
How secure is OKX?
OKX uses industry-standard security practices, including 2FA, cold storage, proof of reserves, and asset insurance. No major security incidents have been reported.
Are OKX fees high?
No. OKX is considered a low-cost exchange. Its maker-taker fee structure is competitive, and fees decrease with higher trading volumes or asset balances.
How many cryptocurrencies does OKX support?
OKX supports over 300 cryptocurrencies, including major coins like Bitcoin and Ethereum, as well as numerous altcoins.
Has OKX experienced any operational issues?
No. OKX continues to expand globally while maintaining compliance with regional regulations. There are no known systemic issues affecting platform reliability.
Conclusion
OKX stands out as a secure, low-cost, and fully regulated cryptocurrency exchange ideal for users seeking a diverse range of tradable assets and earning opportunities. Its MiCA license and strong security framework make it a trustworthy choice for both beginners and experienced investors. While it does not offer savings plans or derivative trading in some regions, its overall package remains highly competitive.