In this comprehensive OKX review, we take an in-depth look at one of the world’s largest cryptocurrency exchanges and explore why it’s a compelling choice for Dutch traders. With fast transaction speeds, high liquidity, and full API integration, it’s no surprise that OKX consistently ranks among the top five exchanges globally by trading volume. Beyond spot and derivatives trading, OKX has expanded into DeFi, developed innovative tools like trading bots, and introduced features such as copy trading and Jumpstart for early access to promising new tokens.
Whether you're a beginner or an experienced trader, OKX offers a powerful blend of functionality, security, and user experience. Let’s dive into what makes this platform stand out in 2025.
Key Highlights: OKX at a Glance
- ✅ User-friendly interface: Designed for both beginners and advanced traders with intuitive navigation and smart trading tools.
- ✅ Extensive trading options: Spot, futures, options, P2P, and margin trading with leverage up to 100x.
- ✅ High liquidity & global reach: Over 350 cryptocurrencies and 500+ trading pairs available across 100+ countries.
- ✅ Licensed in the Netherlands: Fully compliant with DNB regulations since mid-2024.
- ⚠️ Customer support could improve: While available 24/7, response quality varies.
👉 Discover how OKX can elevate your crypto trading experience.
What Is OKX?
OKX, originally launched as OKEx in 2017, was founded by Chinese entrepreneur Star Xu, who began developing the concept as early as 2013. In early 2022, the platform rebranded to OKX with a fresh identity and renewed roadmap. Headquartered in the Seychelles, OKX now ranks among the top global crypto exchanges by trading volume—just behind Binance, Bybit, Coinbase, and Upbit.
The platform stands out due to its diverse range of financial instruments and advanced tools tailored for active traders. From perpetual futures to structured earn products and Web3 integration, OKX delivers a full-stack crypto ecosystem.
Is OKX Legal in the Netherlands?
Yes—OKX is fully licensed in the Netherlands by De Nederlandsche Bank (DNB) as of mid-2024. After temporarily withdrawing from the Dutch market, OKX has returned with full regulatory compliance. This makes it one of the few major international exchanges offering iDEAL deposits, a fast and secure local payment method preferred by Dutch users.
Additionally, OKX holds a Virtual Asset Service Provider (VASP) license in Malta, enabling it to operate legally across the European Union under MiCA-aligned regulations.
Services Offered by OKX
OKX goes far beyond basic crypto trading. Here's a breakdown of its core offerings:
Spot Trading
Spot trading on OKX is fast, efficient, and packed with tools. Traders can use leverage of up to 10x on spot markets—ideal for those seeking amplified exposure without entering derivatives. The platform supports advanced order types including:
- Limit Orders
- Trailing Stop
- Take Profit / Stop Loss (TP/SL)
- Iceberg Orders
- TWAP (Time-Weighted Average Price)
Combined with real-time charts and technical indicators, these features empower traders to execute precise strategies.
Futures Trading in the Netherlands
For more advanced users, OKX futures offer contracts with leverage up to 100x. You can trade both perpetual swaps and expiry futures on major assets like Bitcoin and Ethereum. Automated risk management tools—such as stop-limit orders and trailing stops—help mitigate potential losses in volatile markets.
This makes OKX a top choice for experienced traders looking to hedge positions or speculate on price movements.
Copy Trading
Don’t have time to monitor the markets? Use OKX Copy Trading to mirror successful traders automatically. Choose between:
- Buy/Sell mode: Follow a single trader’s actions.
- Open/Close mode: Copy up to ten traders simultaneously.
This feature democratizes access to expert strategies and is perfect for passive investors or beginners learning the ropes.
Margin Trading (Leverage)
With margin trading, you can increase your position size using borrowed funds—up to 10x leverage on spot markets. For example, a €100 deposit with 2x leverage gives you €200 buying power.
⚠️ Important: Leverage amplifies both gains and losses. Always set a stop-loss to protect your capital.
Options Trading
Currently, OKX offers options contracts only on Bitcoin. While the selection is limited compared to other platforms, expansion to additional assets is expected soon—making it worth watching if you're interested in options strategies.
P2P Trading
OKX’s peer-to-peer (P2P) trading allows direct transactions between buyers and sellers using secure escrow protection. The platform does not charge fees for P2P trades and supports popular currencies like BTC, ETH, USDT, and USDC.
This is ideal for Dutch users who prefer bank transfers or iDEAL without intermediaries.
Convert: Instant Crypto Swaps
Need to switch from ETH to USDT quickly? The Convert function lets you swap between hundreds of cryptocurrencies instantly. Enter the amount you want to send or receive, confirm the rate, and complete the trade in seconds—all within your wallet.
Earn: Grow Your Crypto Holdings
With OKX Earn, you can generate passive income from idle assets:
- Structured Products: Derivative-based investments with capped risk and variable returns based on market performance.
- Simple Earn: Flexible savings (daily interest, instant withdrawals) or fixed-term deposits (higher APY).
- On-chain Earn: Participate in DeFi through staking, yield farming, liquidity pools, and lending protocols—all accessible directly in-app.
👉 Start earning yield on your crypto today—explore OKX Earn.
Advanced Tools: Trading Bots & Jumpstart
Trading Bots
OKX offers free automated trading bots powered by advanced algorithms. These bots execute trades based on your strategy—whether it’s DCA (Dollar-Cost Averaging), grid trading, or market-making.
You can customize entry/exit rules, risk parameters, and frequency. No coding needed. Beginners benefit from pre-built templates, while pros can fine-tune every detail.
Perfect for hands-off trading or capitalizing on short-term volatility.
Jumpstart: Early Access to New Cryptos
Want early access to promising new projects? Jumpstart is OKX’s launchpad for Initial Exchange Offerings (IEOs). Participate by staking OKB or holding qualifying assets.
Each IEO comes with transparent rules and eligibility requirements published in advance. It’s a great way to get in early on high-potential tokens before they hit mainstream markets.
Demo Trading: Practice Risk-Free
New to crypto? Use OKX Demo Trading to practice with virtual funds. The simulator mirrors live market conditions—including real-time order books and pricing—so you can test strategies safely.
Ideal for learning how limit orders work or experimenting with leverage before risking real money.
Is OKX Reliable?
With over eight years of operation since 2017, OKX has weathered multiple market cycles and built a strong reputation. Despite minor past issues—like a brief withdrawal pause in 2018 and a limited API vulnerability—the platform responded with improved security measures and greater transparency.
Today, OKX processes billions in daily volume across millions of users worldwide.
Why Trust OKX?
- ✅ Operates since 2017 with a proven track record
- ✅ Publishes regular proof-of-reserves reports
- ✅ Undergoes third-party security audits
- ✅ Holds valid licenses in the Netherlands (DNB) and Malta
- ✅ Partnerships with major brands like Manchester City FC
These factors contribute to a trustworthy and resilient platform trusted by traders globally.
OKX Wallet: Full Control Over Your Assets
The OKX Wallet is a non-custodial solution—meaning only you control your private keys. It supports over 40 blockchains, including Bitcoin, Ethereum, Solana, and Binance Smart Chain.
Key features:
- Cross-chain swaps and bridging
- Built-in Web3 browser for DeFi, NFTs, and GameFi
- Biometric login (Face ID / fingerprint)
- Seed phrase backup & multi-signature support
- Integration with hardware wallets for added security
Manage your entire portfolio from one dashboard: track balances, set price alerts, view transaction history, and interact with dApps seamlessly.
Is OKX Safe?
Security is a top priority at OKX:
- 🔐 95% of user funds stored in cold wallets
- 🛡️ Multi-signature wallets with distributed key storage
- 🧪 Regular penetration testing by external firms
- 💰 Bug bounty program offering rewards up to $100,000
- 📱 Biometric authentication + mandatory 2FA
- 🔄 Automatic logout & device management
Additionally, OKX maintains an insurance fund to cover unexpected losses due to platform breaches—giving users peace of mind.
User data is encrypted and separated from trading activity. The platform complies with GDPR, allowing users to request data deletion upon account closure.
Verification Process: Secure & Straightforward
OKX uses a tiered verification system:
- Level 0: Email or phone registration (limited functionality)
- Level 1: ID upload + selfie verification (increased limits)
- Level 2: Video verification + address confirmation (full access)
KYC checks are handled by certified third parties subject to regular audits. Your personal information remains protected and never shared with unauthorized entities.
Fees & Costs on OKX
OKX offers one of the most competitive fee structures in the industry:
| Service | Fee Range |
|---|---|
| Spot Trading | As low as 0.08% (maker), 0.1% (taker) |
| Derivatives | From 0.02% (maker), 0.05% (taker) |
| Fiat Deposits | Free via iDEAL; small fees via card |
| Withdrawals | Network-dependent gas fees |
💡 Pro Tip: Pay fees with OKB (OKX’s native token) for up to 25% discount. Higher trading volumes also unlock lower fee tiers.
Frequently Asked Questions (FAQ)
Q: Is OKX safe for Dutch users?
A: Yes. OKX is licensed by DNB and complies with Dutch financial regulations. It uses bank-grade encryption and cold storage for funds.
Q: Can I use iDEAL on OKX?
A: Yes! OKX supports iDEAL deposits—fast, free, and widely used in the Netherlands.
Q: Does OKX offer customer support in Dutch?
A: While primary support is in English, Dutch-speaking agents are available via live chat during peak hours.
Q: Are there taxes on crypto trades via OKX?
A: Tax obligations depend on Dutch law—not the exchange. You must report capital gains to the Belastingdienst independently.
Q: Can I stake crypto on OKX?
A: Yes. Use Simple Earn or On-chain Earn to stake assets like ETH, SOL, ADA, and more for passive income.
Q: Is demo trading available on mobile?
A: Yes. The OKX app includes full demo mode functionality across iOS and Android devices.
👉 See how easy it is to start trading on OKX—try it risk-free today.
With its robust feature set, regulatory compliance in the Netherlands, strong security framework, and beginner-friendly tools, OKX is a top-tier choice for crypto traders in 2025. Whether you're swapping coins via iDEAL or automating strategies with bots, the platform delivers performance, reliability, and innovation—all under one roof.