Binance and OKX are two of the world's largest cryptocurrency exchanges. Both platforms offer excellent ways to buy, sell, and trade cryptocurrencies, but there are key differences you should know. In this comprehensive comparison, we’ll reveal everything you need to know and clarify the most important distinctions. Let’s find out which exchange suits your needs!
Overview: Binance vs OKX
Binance at a Glance
- Launched in 2017 with over 100 million users and $50B+ daily trading volume.
- Supports 386+ cryptocurrencies with low fees (0.1% spot trading).
- Offers spot/futures trading, staking, lending, margin trading, P2P, and more.
- High liquidity and robust security (SAFU fund).
OKX at a Glance
- 16 million users and $20B+ daily trading volume.
- 341+ cryptocurrencies with competitive fees (0.08% maker fee).
- Features copy trading, derivatives, and passive income products.
- Strong liquidity and user-friendly interface.
Key Comparisons
Registration & KYC
| Feature | Binance | OKX |
|---|---|---|
| KYC Level 1 | ID + facial recognition | Name + ID number (no images) |
| Withdrawal Limits | $50K fiat/$1M crypto (24h) | $5K lifetime (Level 1) |
Trading Features
| Category | Binance | OKX |
|---|---|---|
| Spot Pairs | 1,600+ | 740+ |
| Futures | 259 contracts | 225 contracts |
| Fees | 0.02% maker / 0.05% taker | 0.02% maker / 0.05% taker |
Fees
- Binance: Lower fees with BNB discounts (25% off).
- OKX: Slightly cheaper for spot trades (0.08% vs 0.1%).
Security
- Both use cold wallets and PoR (Proof of Reserves).
- Binance has a $1B SAFU fund; OKX lacks a similar reserve.
Mobile App
- OKX rated higher (4.6/5) for reliability.
- Binance occasionally slows during peak volatility.
Final Verdict
Binance wins overall with more assets, lower fees, fiat support, and better customer service. However, OKX excels in liquidity and ease of use, making it ideal for beginners.
👉 Start Trading on Binance
👉 Try OKX
FAQs
1. Which exchange is better for derivatives?
Binance offers more contracts (259 vs 225), but OKX has a smoother interface.
2. Can U.S. users access Binance or OKX?
No. U.S. residents must use alternatives like Binance.US or MEXC.
3. Which platform has lower fees?
Binance with BNB discounts, but OKX is cheaper for basic spot trades.
4. Is OKX more secure?
Both are equally secure, but Binance’s SAFU fund adds extra protection.
5. Best for beginners?
OKX—simpler navigation and reliable performance.
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