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OKX review: fees, identity check and availability

OKX's spot and futures fees for regular users, its identity check, restricted countries and monthly proof of reserves, checked on the official pages.

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OKX is a crypto exchange for spot, futures and options trading. Its fees and available products depend on the region you sign up from, so the numbers below are for its global fee schedule.

Crypto exchange

OKX

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Crypto exchange with spot, futures and options. Fees and available products depend on the region you sign up from.

Spot fees, maker / taker0.08% / 0.10% for regular users under the global fee schedule; higher for US accounts and EEA spot-only accounts source
Futures fees, maker / taker0.02% / 0.05% for regular users under the global fee schedule source
Identity checkRequired to trade, deposit and withdraw source
Not available inIncluding Afghanistan, Canada, Cuba, Hong Kong, India, Iran, Japan, Malaysia, Nepal, North Korea, Syria and certain US jurisdictions; some products are limited in more countries source
Proof of reservesMonthly reports with a Merkle tree and zero-knowledge (zk-STARK) proofs source

Checked on the official site on . Terms change, so confirm them before you pay.

Fees in practice

A regular user on the global schedule pays 0.08% for limit orders that wait in the book and 0.10% for market orders on spot. On a $5,000 spot purchase with a limit order, that is $4.

On futures, regular users pay 0.02% as maker and 0.05% as taker. A $10,000 position opened with a market order costs $5.

US accounts and spot-only accounts in the European Economic Area have higher fees. Check the fee schedule in your own account.

Identity check

OKX requires identity verification to trade, deposit and withdraw.

Who it suits

It doesn't suit you if you live in Canada, Japan, Hong Kong, India or Malaysia, among other restricted countries, or in a US jurisdiction outside OKX US.

Proof of reserves

OKX publishes proof of reserves every month, with a Merkle tree and zero-knowledge proofs, so you can check that your balance is included without revealing other users' data.

Compare it with Bybit: Bybit vs OKX.

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Risk warning: crypto trading and prop firm challenges are risky. Many traders fail a challenge and lose the fee. Only pay what you can afford to lose. Nothing here is financial advice.