Overview of OKX
OKX is a global cryptocurrency exchange platform founded in 2017, offering a diverse range of services including spot trading, futures, staking, NFT marketplace, and lending. With millions of users across 100+ countries and registration as a PSAN (Digital Asset Service Provider) with France's AMF since 2023, OKX combines innovation with regulatory compliance.
Our Verdict on OKX (4.5/5)
Strengths:
- Diverse Services: 350+ cryptocurrencies, staking/farming tools, NFT marketplace.
- Competitive Fees: 0.08% spot trading fee, among the lowest in the market.
- Mobile App: User-friendly interface for on-the-go asset management.
- Security: Cold wallet storage, 2FA, and anti-phishing measures.
Weaknesses:
- Complex Interface: Steeper learning curve for beginners.
- Limited Fiat Options: No crypto debit card; high card deposit fees (up to 3.5%).
- Customer Support: Slow response times reported.
👉 Explore OKX’s advanced trading tools
Security & Reliability (4.5/5)
- Cold Wallets: 95% assets stored offline.
- Regulations: Compliant with AMF (France) and other international jurisdictions.
- Features: 2FA, fund insurance, risk management tools.
"OKX’s security protocols rival top-tier exchanges, making it a trustworthy choice for investors."
Available Cryptocurrencies (5/5)
- 350+ assets, including major coins (BTC, ETH), altcoins, and NFTs.
- NFT Marketplace: Integrated platform for buying/selling digital collectibles.
Tools & Services (4.5/5)
Trading:
- Spot, futures (125x leverage), and options.
Passive Income:
- Staking (flexible/locked) and liquidity farming.
- Lending: Earn interest on idle crypto.
- Mobile App: Full functionality mirroring the web platform.
Missing: Crypto debit card.
Fees & Commissions (4/5)
- Trading: 0.08% (maker/taker).
- Withdrawals: Variable (e.g., 0.0005 BTC for Bitcoin).
- Fiat Deposits: Free bank transfers; 3.5% for card deposits.
Customer Reviews (2.9/5)
- Trustpilot: 2.9/5 (1,187 reviews).
- Praise: Low fees, diverse assets.
- Criticism: Support delays, UI complexity.
OKX vs. Competitors
Pros:
- AMF-registered, low fees, NFT integration.
Cons: - No crypto card; beginner-unfriendly UI.
👉 Compare OKX with other platforms
Account Types
- Standard: No KYC; limited withdrawals.
- Advanced: Full features (futures, lending) with KYC.
Deposits & Withdrawals
- Crypto Deposits: Free.
- Fiat Options: Bank transfers (free), cards (3.5% fee).
Staking & Lending
- Staking APR: Up to 15% (varies by coin).
- Lending: Flexible/term options with collateral.
Tax Implications (France)
- Flat Tax: 30% on capital gains + passive income.
- Reporting: Form 2086 (gains), Form 2042 C (income).
FAQs
1. Is OKX safe for French investors?
Yes, OKX is AMF-registered and uses cold storage/2FA.
2. What’s the minimum deposit?
No minimum for crypto; fiat minimums vary by method.
3. Can I stake Bitcoin on OKX?
Yes, BTC staking is available with competitive yields.
4. How long do withdrawals take?
Crypto: Minutes to hours. Fiat: 1–3 business days.
5. Does OKX support USD deposits?
Yes, via bank transfer or card (fees apply).
Final Tip: OKX excels for intermediate traders but may overwhelm beginners. Diversify with its NFT/staking tools for passive income!