OKX is a leading global cryptocurrency exchange that offers a wide array of services for traders and investors. Originally established in Hong Kong in 2017 as OKEX, the platform rebranded to OKX in 2022 and is now headquartered in Seychelles. Founded by Chinese entrepreneur Star Xu, the exchange is part of the OK Group, which expanded its operations into Kazakhstan in October 2022. OKX has obtained a license from the Astana International Financial Center (AIFC), allowing it to operate legally within the Republic of Kazakhstan.
This guide provides a comprehensive overview of the OKX platform, detailing its features, registration process, security measures, and available financial products tailored for users in Kazakhstan.
Core Services and Trading Options
OKX provides multiple avenues for engaging with digital assets. Below are the primary services accessible to users:
Spot Trading
The platform supports spot trading for over 350 cryptocurrencies across various trading pairs. Transactions are executed instantly at the current market price, providing a straightforward method for buying and selling digital assets.
Peer-to-Peer (P2P) Trading
P2P trading enables direct transactions between users, allowing the exchange of cryptocurrency for fiat currency and vice versa. This method often avoids trading fees and provides greater flexibility in payment methods.
Margin Trading
For experienced traders, OKX offers margin trading. Users can borrow funds to amplify their trading positions, potentially increasing profits. To access this feature, you must open a margin account and transfer funds from your main financing account.
Trading Bots
OKX provides 14 pre-configured trading bots to automate cryptocurrency transactions. Users can also customize their own bots based on these templates, enabling automated trading strategies without constant manual oversight.
Passive Income Opportunities
Beyond active trading, OKX offers several options for generating passive income:
Staking
By locking up your assets for a fixed period, you can earn staking rewards. Annual yields range from 1.5% to 72%, with locking periods of up to 120 days for over 80 supported assets.
Savings Accounts
Depositing digital coins into savings accounts allows OKX to lend them to other users. In return, you earn hourly interest, with annual percentage yields typically between 1% and 36.5%, depending on the asset.
Dual Investment
This high-yield, high-risk product involves subscribing to futures contracts for liquid cryptocurrencies like BTC or ETH. Returns are influenced by market volatility, and investors should carefully assess their risk tolerance.
Flash Deals
These limited-time, high-yield offers can provide returns of up to 300% on selected tokens. Offers are typically available for up to 10 days, and once subscribed, withdrawals are not permitted until the project concludes.
OKB Utility Token
Holding OKB, the platform's native token, reduces your trading fees by up to 40%. The discount tier depends on the number of OKB tokens held in your account.
Fee Structure
OKX employs a transparent fee model. Below are the standard trading fees:
| Market | Maker Fee | Taker Fee |
|---|---|---|
| Spot Trading | 0.08% | 0.1% |
| Futures (USDT-M, Crypto-M) | 0.02% | 0.05% |
| Perpetual Swaps | 0.02% | 0.05% |
| Options | 0.02% | 0.03% |
Account Registration and Login
Getting started on OKX is straightforward:
- Visit the OKX website and click "Sign Up."
- Enter your email address or phone number.
- A six-digit verification code will be sent to you—enter it within 10 minutes.
- Create a strong password.
- Alternatively, register using your Google account or Telegram.
Accessing Your Account
To log in, click "Login" on the homepage and choose your preferred method:
- Phone number
- Email address
- QR code
- Sub-account (requires linking a phone or Google Authenticator)
Enter your credentials and password, then click "Login." You can also access your account via Google or Telegram.
Security Settings
After logging in, navigate to the "Security" section to update your password, enable two-factor authentication (2FA), and configure other security measures.
Identity Verification (KYC)
To withdraw large sums daily, identity verification is required. Follow these steps:
- Go to "Verification" or "Individual verification" in your account.
- Select Kazakhstan as your country of residence.
- Choose an identity document (passport, national ID, or driver's license).
- Scan the QR code with your smartphone for facial verification.
- Take a selfie with your document.
- Wait up to 48 hours for approval.
Verification levels:
- Level 1: Daily withdrawal limit of 200 BTC.
- Level 2: Daily withdrawal limit of 500 BTC and up to $10,000 in fiat.
Deposits and Withdrawals
Funding Methods
- Exchanges: Select "Buy Crypto" → "Buy with Card" to purchase digital assets with fiat currency. OKX supports nearly 100 fiat currencies.
- P2P Trading: Choose your preferred cryptocurrency, fiat currency, amount, and payment method. Select a seller, transfer funds, and receive crypto directly.
- External Transfers: Transfer crypto from another exchange or wallet to your OKX deposit address.
Withdrawal Process
Withdrawals mirror the deposit process. Navigate to "Assets" → "Withdraw," select the cryptocurrency and network, enter the amount and destination address, and confirm the transaction.
Cryptocurrency ATMs
In major cities like Nur-Sultan and Almaty, cryptocurrency ATMs allow users to buy and sell digital assets. Availability may be limited.
Future Prospects in Kazakhstan
Kazakhstan possesses significant potential for cryptocurrency adoption. With government support and sensible regulations, the country could emerge as a regional leader in blockchain technology. OKX plans to expand its services, list new digital assets, and develop educational initiatives within Kazakhstan.
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Frequently Asked Questions
What are the minimum and maximum trading limits on OKX?
Minimum trade amounts vary by asset; for example, spot trading may require at least 10 USDT. Maximum limits depend on the cryptocurrency and your account verification level.
What security measures does OKX implement?
OKX employs two-factor authentication (2FA), encryption, and regular security audits. Users can enable login alerts and monitor account activity for enhanced security.
How does the referral program work?
Users can share a referral code for a 20% discount on trading fees. Referrers earn a commission based on the new user's trading activity.
Is mobile trading supported?
Yes, OKX offers iOS and Android apps with full functionality, including trading, asset management, and market monitoring.
What customer support options are available?
Support is available 24/7 via live chat, email, and a comprehensive FAQ section on the website.
What is the OKB token used for?
Holding OKB tokens reduces trading fees by up to 40%. The discount level correlates with the number of tokens held.
What is OKX's staking policy?
Staking offers annual yields between 1.5% and 72%, depending on the asset and lock-up period. Users can manage staked assets via their accounts.
What order types are available?
OKX supports market, limit, and stop orders, providing flexibility for various trading strategies.
Are there restrictions for Kazakhstani users?
Kazakhstani citizens can access all features but must complete verification for higher withdrawal limits. Users should comply with local regulations.
How are fees structured?
Fees vary by market: spot trading charges 0.08% for makers and 0.1% for takers, while futures trading fees are lower.