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OKX
4.1
★★★★★
Finder score
Fiat currencies
1
Supported assets
87
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Our verdict

One of the world's largest exchanges has launched in Australia, with more than 300 assets on offer.

OKX is a feature-rich exchange that offers trading of over 87 cryptocurrencies with markets that cater to both beginners and experienced traders. You can trade on the spot market or instantly swap any crypto for another. It also offers derivative trading for verified wholesale clients.

In addition to trading regular cryptocurrencies, there's a multi-chain NFT marketplace and a Bitcoin Ordinals market. You can use the demo trading mode if you want to gain experience without risking real money.

Despite its wide range of features, the platform is surprisingly intuitive to use and easier to navigate than many other similar-sized exchanges.

In addition to the exchange, the OKX offers an extensive crypto wallet that can be used with a smartphone or browser.

The wallet is quite impressive and aimed at use with Web3 apps, DeFi and NFTs. There is support for DeFi limit orders on Ethereum and it has support for 60+ networks and even supports Bitcoin BRC-20 tokens – both of which are rare for a Web3 wallet.

You can buy cryptocurrency with AUD via PayID, bank transfer, credit or debit card which is handled by a third-party provider and deposited into your OKX account. Australian users can trade 170 spot trading pairs (across 87 tokens), including 70 AUD pairs.

Customer support options include a chat bot and live chat.

Pros

  • Straightforward exchange interface. The exchange feature on OKX is uncomplicated. Simply choose the fiat currency you want to make a purchase with and then select the crypto you want to buy.
  • Educational resources. OKX features tutorials, trading ideas and analysis under its “Learn” tab.
  • Over 87 cryptos available. Trade 87+ tokens on more than 170 pairs, including 70 AUD pairs, as well as NFTs and ordinals.
  • AUD bank deposits and withdrawals. You can add and withdraw funds directly from your bank account with no fees.

Cons

  • Poor customer service reviews. On Trustpilot, more than half of OKX customer service reviews are 1 out of 5.

In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name OKX
Fiat Currencies AUD
Cryptocurrencies BTC, ETH, XRP, BCH, EOS, LTC, ADA, TRX, USDT, ETC & 77 more
Deposit Methods Bank transfer
Credit card
Cryptocurrency
Debit card
Trading Fee 0.500%
Deposit Fees AUD: None
Bank transfer: None
Cryptocurrency: None
Network fees may apply
Withdrawal Fees Bank withdrawal: None
Other AUD withdrawal options: Fees vary
Cryptocurrency: Fees vary

Ratings breakdown: How we scored OKX

Supported cryptocurrencies ★★★★★
Transferring money or assets ★★★★★
Fees and costs ★★★★★
Ease of use ★★★★★
Customer service ★★★★★
Features ★★★★★
Trustworthiness/security ★★★★★

How we rate our crypto exchanges and platforms

Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology for more information.

Our score and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.

About OKX

OKX was founded by Star Xu in 2017 and now operates crypto exchanges in a number of countries around the world. It has offices in Singapore, Hong Kong, the UAE, the Bahamas and Australia.

OKX supported assets

OKX supports over 86 cryptocurrencies, but some notable assets are missing. Namely, BNB, Lido Staked Ether and Wrapped Bitcoin, which are in the top 20 cryptos by market cap. In total, 17 of the top 20 cryptos are available on OKX.

Popular assets on OKX
supports
Bitcoin (BTC)
supports
Ethereum (ETH)
supports
Tether (USDT)
does not support
BNB (BNB)
supports
Solana (SOL)
does not support
Lido Staked Ether (STETH)
supports
USDC (USDC)
supports
XRP (XRP)
supports
Dogecoin (DOGE)
supports
Toncoin (TON)
supports
Cardano (ADA)
supports
Shiba Inu (SHIB)
supports
Avalanche (AVAX)
supports
TRON (TRX)
does not support
Wrapped Bitcoin (WBTC)
supports
Chainlink (LINK)
supports
Polkadot (DOT)
supports
Uniswap (UNI)
supports
Bitcoin Cash (BCH)
supports
Litecoin (LTC)

OKX fees review

Deposit and withdrawal fees

Transaction type Fee
Deposit funds AUD: None
Bank transfer: None
Cryptocurrency: None
Network fees may apply
Withdraw funds Bank withdrawal: None
Other AUD withdrawal options: Fees vary
Cryptocurrency: Fees vary

OKX deposit methods

  • Bank transfer
  • Credit card
  • Cryptocurrency
  • Debit card

How to sign up on OKX

Before you can get started trading on OKX, you'll have to go through a Know Your Customer (KYC) verification process (which usually involves proof of identification).

  1. Get started
    Visit OKX's site. After selecting the Get Started button, fill in the create account form.
  2. Set up payment
    Before you can start trading, you have to add your bank account to your OKX account. There are several options to choose from, so choose the option most compatible.
  3. Provide identification
    Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this.
  4. Start trading
    After all that is processed, you're ready to trade on OKX.

About the OKX app

The OKX app is very similar to the desktop website in both design and functionality. You trade cryptocurrencies across a range of markets and access the same extra features as the desktop exchange.

In addition to the exchange, the OKX offers an extensive crypto wallet that is part of the OKX app. The wallet is extensive, with excellent Web3 integrations, DeFi and support for NFTs. You can use it with 60+ networks including Ethereum, Bitcoin, Layer-2 networks and OKX's own OKB Chain.

The wallet app can even be connected to a hardware wallet for added functionality and security.

You can easily switch between the exchange and wallet using a button at the top of the app, which changes the menus and interface.

Three screenshots of the OKX app.

App store Rating Total reviews
Google Play 4.5 stars 358.2k reviews with 5m downloads
Apple Store 4.7 stars 13.7k reviews

Is OKX safe?

Regulation. OKX Australia Pty Ltd is an AUSTRAC-registered and locally incorporated entity. It offers derivatives through OKX Australia Financial Pty Ltd, an AUSTRAC-registered entity that holds an Australian Financial Services (AFS) licence.

Verification process. Users are not required to pass a Know-Your-Customer (KYC) check in order to use the exchange, although there are certain limits placed on users until they upload photo ID and pass a KYC check. Without passing KYC you should be able to deposit cryptocurrency and trade, as well as make AUD purchases up to a maximum of $5000 USD.

Security features. OKX has a 9/10 trust rating from CoinGecko and a Grade-A security rating from CER, a security auditing firm that specialises in crypto exchanges. OKX holds a portion of funds in cold storage and operates a reserve fund called OKX Risk Shield.

Proof of reserves. OKX publishes monthly proof of reserve snapshots which can be used to independently verify that it has enough funds to cover user assets.

Keeping your crypto secure

All centralised exchanges, including OKX, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

OKX customer support

OKX customer support is available via live chat, as well as an AI chat-bot and help centre articles.


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Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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