Since the emergence of Bitcoin in 2009, the cryptocurrency market has evolved from a niche technology to a global financial phenomenon. Decentralization, blockchain, and digital assets have not only changed the concept of money but also created a new industry with a multibillion-dollar turnover. Cryptocurrency exchanges play a crucial role in this process, acting as the link between traditional finance and digital currencies.
Among the numerous platforms offering trading and investment services in crypto assets, OKX (formerly OKEX) holds a special place as one of the largest and most technologically advanced exchanges in the world. This review will focus on it.
Official site: OKX
About the OKX platform
OKX is one of the largest and most popular cryptocurrency exchanges, providing a wide range of services for traders and investors worldwide. Founded in 2017 and registered in the Seychelles, this platform offers a Russian-language interface and a broad range of tools for cryptocurrency trading, from spot trading to leveraged derivatives. The exchange has quickly established itself as a reliable platform for cryptocurrency trading, offering users access to numerous trading tools and innovative features. The exchange supports various types of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others, as well as offering futures and margin trading services. OKX strives to offer its users competitive fees, high liquidity, and modern trading tools such as options and staking.
The exchange is actively developing the P2P (peer-to-peer) trading direction, allowing users to exchange cryptocurrencies directly with each other. An important feature is the support for payments in rubles, which makes the exchange convenient for users from Russia. The entire process of transferring funds (from fiat currencies to cryptocurrency or from one cryptocurrency to another) and conducting transactions is transparent, and to enhance security, a password system and two-factor authentication are introduced. Speaking of which, OKX uses multiple levels of protection, including two-factor authentication (2FA) and cold storage of funds. This helps minimize risks and ensure the security of users’ assets. OKX also provides educational resources for beginners, teaching them the basics of cryptocurrency trading, and offers advanced tools for experienced traders.
Guide for beginners: registration on OKX
- Go to the OKX website. Navigate to the homepage of OKX and click on the “Create Account” button.
- Entering data. Enter your email address and click “Register.” A confirmation code will be sent to your email, which you need to enter on the registration page.
- Completing registration. After confirming your email, you will be automatically redirected to your OKX account dashboard.
Verification on OKX
To use all the exchange’s features, including deposits, withdrawals, and participation in P2P trading, you need to complete identity verification (KYC).
- Accessing verification. In your account dashboard, go to the “Account” section -> “Verification” and follow the on-screen instructions.
- Choosing the document type. Select a document to confirm your identity: driver’s license, national passport, or international passport.
- Providing documents. Upload the required documents and follow the system’s further instructions.
- Waiting for confirmation. After submitting your verification application, it will be reviewed within 24 hours (usually faster).
Main Tools on OKX for Beginners
- Spot trading — the primary way to buy and sell cryptocurrency. On OKX, you can buy various cryptocurrencies (such as BTC, ETH, USDT) at the current market price and then sell them or exchange them for other assets.
- Limit and market orders — limit orders allow you to set the price at which you want to buy or sell cryptocurrency, while market orders automatically execute the trade at the current market price.
- Charts and analysis — OKX offers powerful charts and technical analysis tools that allow beginners to track price movements and make more informed decisions based on market data.
- Mobile app — the platform provides a mobile app for trading on the go. With the app, you can monitor prices, execute trades, and manage your assets anytime.
What You Can Trade on OKX
OKX supports over 300 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Solana (SOL), Ripple (XRP), and many others. The exchange offers a wide range of trading pairs, allowing users to effectively manage their assets and use various trading strategies, considering trading fees and leverage.
Popular Trading Pairs:
- BTC/USDT. One of the most liquid and popular pairs, allowing you to trade Bitcoin for Tether (USDT).
- ETH/USDT. Trading Ethereum for Tether.
- LTC/USDT. A liquid pair for trading Litecoin for Tether.
- SOL/USDT. Trading Solana for Tether.
- XRP/USDT. A pair for trading Ripple for Tether.
To get the full list of available cryptocurrencies and trading pairs, you can visit the official OKX website.
Copy Trading on OKX
The OKX platform offers the opportunity for copy trading, allowing users to automatically follow the trades of experienced traders. This gives newcomers to cryptocurrency trading the chance to earn by replicating the actions of more experienced participants. The main page of the copy trading section displays the statistics of successful trader leaders. Users can sort the list of traders by parameters such as PnL and the size of assets under management. Statistics are available for different periods: seven days, one month, three months, and six months.
Commissions on OKX
In the spot market, the basic commissions are 0.08% for makers and 0.1% for takers when trading with USDT or USD. For trades with other stablecoins, the fees are lower: 0.05% for makers and 0.07% for takers. For futures contracts and perpetual trades, the commission is 0.02% for makers and 0.05% for takers. Options have a base commission of 0.02% for makers and 0.03% for takers.
VIP program participants can enjoy commission discounts, with VIP status requiring users to maintain a certain trading volume or account balance, including OKB – the exchange’s native token.
OKX Investment Products
The OKX exchange offers a wide range of investment products for generating passive income. These tools are provided in the “Earn” section and are intended for long-term investments.
OKX Earn
The OKX Earn subsection features three main types of products for earning income:
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Simple Earn — off-chain staking, similar to a bank deposit, where the user deposits cryptocurrency into a pool, and OKX guarantees the stated interest. Terms depend on the specific cryptocurrency, and some assets offer flexible conditions with the ability to withdraw funds at any time.
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On-chain Earn — staking in PoS blockchains and DeFi protocols, where funds are used to support network operations and lend to users. This generates passive income through mining pools.
Separately, we can highlight structured products – these are investment products with variable returns, including such as “Double Investments”, “Shark Fin”, “Seagull Strategy” and “Snowball”. Products of this type do not limit returns and lead to experimental stops.
Loans on OKX
In the “Loans” section, users can borrow cryptocurrency by providing another cryptocurrency as collateral. To do so, they need to select the cryptocurrency they want to borrow and specify the loan amount. The system will then calculate all the terms, including the interest rate and the collateral-to-loan ratio. After submitting the application, the user will be asked to confirm the loan.
Security on the OKX Exchange
OKX places great importance on the security of its users. Several layers of security are applied to protect funds and data:
| Security Level | Description |
| Two-factor authentication (2FA) | A mandatory security measure that helps protect your account from unauthorized access. |
| Cold storage of funds | The majority of users’ funds are stored in offline wallets, minimizing the risks of hacking. |
| Data encryption | All data transmitted through the platform is protected using modern encryption methods. |
| Fraud prevention mechanisms | OKX uses various monitoring and protection systems to prevent fraudulent actions and ensure the security of transactions. |
Ways to Earn on OKX
- Cryptocurrency Trading — The main way to earn on OKX is through buying and selling cryptocurrencies. You can trade various coins and profit from price fluctuations.
- Margin Trading — For experienced users, OKX offers margin trading, where you can earn by using borrowed funds. This is a riskier method but also more profitable.
- Staking — OKX offers staking (freezing cryptocurrencies) to earn interest on your assets. You can freeze your coins and earn from this process.
- Futures Contracts — For more experienced traders, OKX provides the opportunity to trade cryptocurrency futures. This allows you to profit by predicting future prices.
- Partnership Programs — OKX also offers partnership programs where you can earn by attracting new users.
These earning methods will help you get started on the OKX exchange and use the platform to achieve your financial goals.
DEX on OKX
OKX provides users with access to a decentralized exchange (DEX) — a platform that allows trading cryptocurrencies directly without intermediaries. Unlike centralized exchanges, DEX offers full control over assets and transaction privacy. OKX DEX operates as a multi-chain and cross-chain trading aggregator, using the X Routing algorithm to find optimal trading conditions across various DEX platforms. This allows users to find the best prices with minimal slippage and reduce network fees during multi-chain and cross-chain operations.
OKX Referral Program
OKX offers a referral program that allows users to earn commissions by attracting new traders to the platform. Program participants can earn up to 50% of the commission from the trading operations of their referred users.
Benefits of the Referral Program:
- High commissions: Earn up to 50% of the commission earned from the trading operations of your referrals.
- Flexible terms: The ability to set your own commission rates for referred users.
- Exclusive events: Access to special events and bonuses for partners.
How to Become an OKX Partner:
- Registration: Sign up on OKX and log in to your account.
- Get Your Referral Link: Go to the “Referral Program” section in your account dashboard, where you will find your unique referral link and code.
- Share the Link: Share your referral link or code with friends, family, or on social media.
- Earn Commissions: When users you referred make trades, you will earn commissions.
For detailed information and the terms of participation in the referral program, visit the official OKX website.
The Future of OKX
OKX is actively expanding its presence in decentralized finance (DeFi) and Web3. The integration of the DEX aggregator into the OKX Web3 wallet demonstrates the company’s commitment to reducing barriers for the development and use of Web3 technologies.
OKX’s Chief Innovation Officer, Jason Lau, noted that the company’s mission goes beyond providing tools, aiming to create conditions for seamless Web3 development with equal access for both users and developers.
Conclusion
OKX is a powerful platform for trading and investing in cryptocurrencies, offering users a wide range of tools and innovative features. With it, you can trade, invest, and earn from various cryptocurrency products. The OKX security system, low fees, and professional support make it attractive for both beginners and experienced traders, while the platform’s staking and margin trading opportunities open additional earning avenues in the cryptocurrency world.
OKX stands out among cryptocurrency exchanges with high liquidity and trading volumes, making it appealing to large investors. In some countries, including Russia, the platform operates actively, but it’s important to consider potential legal restrictions and regulations in different regions.
Also read: The Best Crypto Exchanges in 2025: Top Cryptocurrency Exchange Rankings
