Taker fees are usually larger than maker fees as they involve the removal of liquidity from the market. The trading fees on OKX depend on your trader’s level which increases with the amount of OKB holdings okex review or your 30-day trading volume. At level 1, spot trading fees are 0.1% for the maker and 0.15% for the taker. Futures, perpetual swap trading and options all have a 0.02% maker fee and a 0.05% taker fee.

Trade With A Regulated Broker

OKX offers 11 proof-of-work mining pools to choose from, including Bitcoin, Ethereum, and Litecoin, along with tutorials on how to join each. OKX also lets users try their hand at crypto mining by joining a miner pool. To sign up for an OKX account, visit their website, click “Sign Up,” and fill in required fields like email and password. No KYC is needed initially, but withdrawals over 100 BTC may require KYC submission.

Final Thoughts: OKX Review

Then deposited 1850 into OKX wallet, this being my total trading funds. Received email saying I had to complete further verification by proving money movement management…. I had to deposit £5k into OKX wallet, they would verify it then would release my frozen funds of 1850 and I could then withdraw my money.Replied to the email stating I didn’t understand.

• Furthermore, OKX demo funds can be used with its trading bots, enabling users to build bots that can be listed on the trading bot marketplace to earn additional revenue from followers.
• These options cater to traders with different objectives, from basic trading to more advanced strategies and passive income generation.
• Users can also connect with the company on social media, including Facebook and Twitter.
• However, I appreciated how it guides users to set the correct stop loss by forecasting their profit or loss.
• Yes, OKX is an established crypto exchange and follows industry best practices in keeping customer funds safe.
• When transferring crypto from a third-party exchange, the speed often depends on the network and blockchain traffic.

Exchange Commission And Fees

For a broader overview of reputable changes, you might enjoy reading the best crypto exchanges article. TPSL (Take Profit and Stop Loss) Orders – A TPSL order asks the trader to set a trigger price, an order price, and an order amount. The exchange opens the order only when the asset price hits the trigger price.

• The OKX app offers a simple crypto purchase process that supports direct card payments from your OKX mobile device and allows buying crypto for fiat.
• Crypto options contracts are relatively new, so it’s nice to see OKX offering them.
• Those with at least $100,000 in assets can also engage in block trading to reduce price slippage when making high-volume trades.
• OKX Fees on Perpetual Swaps- Perpetual swaps have similar fees to normal Futures.
• The trading fee for the takers on the OKX exchange is 0.10% for spot trading.

OKEX Exchange Rebrand to OKX