Crypto trading on a decentralized cryptocurrency exchange.
Best alternative – Low fees and €1,000 free trading credits.
Receive a $10 bonus on your first purchase of $100 or more.
Payment methods: Google Pay, Visa, MasterCard, SEPA bank transfer, Simplex, Banxa, Koinal, MoonPay.
Services: Crypto (margin) trading, staking, futures, and buying crypto with fiat.
OKX (formerly OKEx) is one of the largest cryptocurrency exchanges globally, which we have used for years. If you're considering creating an OKX account, this review will provide valuable insights.
Here, we’ll share our OKX experiences, discuss its pros and cons, and answer frequently asked questions.
Crypto Trading on OKX
On OKX, you can trade cryptocurrencies in numerous ways: standard exchange trading, DeFi platform usage, margin trading, leverage trading, and crypto futures. For beginners, OKX offers a Basic Trading section covering essential functions needed to start trading cryptocurrencies.
Experienced traders can engage in high-leverage trading (up to 1:125) or invest in crypto futures, including weekly and quarterly options denominated in crypto or USDT.
Additionally, OKX’s DeFi Hub allows decentralized trading (e.g., NFTs) without requiring an OKX account—just link your existing crypto wallet via the 👉 OKX DeFi platform.
Buying Crypto
OKX supports two primary methods to buy crypto:
- Direct Purchase: Use EUR via credit/debit cards (Visa/MasterCard), SEPA transfers, or other fiat payment options.
- Peer-to-Peer (P2P) Trading: Buy crypto from other OKX users at competitive rates using preferred payment methods.
Note: No minimum purchase amount for fiat-to-crypto transactions, but a $10 bonus applies for first-time purchases over $100.
For users preferring iDEAL (a Dutch payment method), alternatives like Bitcoin Meester or Bitvavo are available. You can transfer purchased crypto to your OKX wallet afterward.
OKX Wallet
A standout feature is OKX’s Web 3.0 crypto wallet, which supports NFT trading and DeFi platforms. No OKX account is needed to create one—just follow the step-by-step guide on their website.
Pros and Cons
Pros
- Suitable for beginners and advanced traders.
- Excellent customer service.
- Low transaction fees (0.08%–0.1% per trade).
Cons
- No iDEAL support.
- Limited fiat withdrawal options (excluding P2P).
- No Dutch-language interface or support.
Account Creation and Verification
- Visit the 👉 OKX website.
- Click Sign Up, enter your email, and set a password.
- Verify your email/phone number (partial verification allows limited trading).
- Complete KYC (identity verification) to unlock higher limits (takes ~3 hours).
Fees
- Trading: 0.08%–0.1% (VIP tiers reduce fees further).
- Fiat Purchases: 3%–5% depending on the payment method.
Customer Support
24/7 live chat and email support (English/Spanish/Turkish). Community forums allow direct interaction with OKX staff—a unique feature among exchanges.
Is OKX Safe and Reliable?
Yes. Key security measures:
- Regulated by Malta’s Financial Services Authority.
- Insured funds on OKX wallets.
- Two-factor authentication (2FA) and IP whitelisting options.
- No history of hacks.
FAQs
1. Why was OKX previously focused on Chinese traders?
Originally based in Hong Kong, OKX targeted the Chinese market but now serves 20M+ users worldwide.
2. Can I short crypto on OKX?
Yes—via futures, put options, margin shorts, and crypto borrowing.
3. Is OKX available in the Netherlands?
OKX ceased operations in the Netherlands on July 17, 2023.
4. How do I claim the €10 bonus?
Verify your account, deposit ≥€10, and receive the bonus automatically.
🚀 Limited Offer: Free €10 cash bonus for new users!
👉 Start Trading on OKX today!