Selecting the proper crypto exchange is crucial for crypto traders and investors. If you are wondering which crypto exchange between Bitget and OKX is better for you, you have come to the right place.
This Bitget vs OKX comparison will provide you with all the information you need to make an informed decision about your crypto exchange. From security to fees, deposits, withdrawals to supported cryptos, and much more, this comparison will help you make the best decision for your trades.
Bitget vs OKX Overview
Bitget is one of the most recently launched crypto exchanges. It was founded in 2018 by Sandra Lou, headquartered in Singapore. The platform has over 800 employees and 20 million+ users across over 100 countries. That makes Bitgetis one of the fastest-growing exchanges in the world.
Bitget has a daily trading volume of over $1 billion and offers trading of over 400 cryptocurrencies for active trading. Users also have access to a comprehensive mobile app for trading on the go, available for Android and IOS users, with a 4.4/5 star rating on the Google Play Store. That shows that the platform offers a very user-friendly mobile trading app.
OKX, on the other hand, was founded by John Chen in 2017 and has its headquarters in Seychelles. With over 1000 employees and over 50 million users, OKX ranks as one of the largest crypto exchanges in the world. The exchange is available in over 180 countries worldwide.
Additionally, OKX has a daily trading volume of over $5 billion and offers trading for 350+ cryptos, including BTC, ETH, and USDT. Users also have access to a user-friendly app for trading on the go, available for Android and IOS users, with a 4.4/5 star rating on the Google Play Store.
The Bitget app is considered superior to OKX as its features support more advanced trading options and also support more cryptocurrencies.
Bitget vs Kucoin Sign-Up & KYC
Bitget
Creating an account on Bitget is a straightforward process. All you need to do is register using your email address or phone number and provide a strong password to secure your account.
KYC is not mandatory for trading on Bitget, but you need to complete the KYC verification to remove all restrictions on your account and access all the features on Bitget.
Unverified accounts have a withdrawal limit of 20 BTC or 50,000 USD. Therefore, the withdrawal limit is fixed at $50,000 per day or $100,000 monthly. You must upload a valid government-issued ID and a live selfie to verify your identity successfully.
OKX
Signing up on OKX is also an easy process. It requires an email address or phone number and a strong password. Then, you’ll be required to verify your email address or phone number by providing a code that will be sent to your mailbox.
OKX is very strict as regards its KYC verification process. The exchange requires users to complete the KYC verification process, which requires a live selfie and a valid ID before buying cryptos and trading on the platform.
Bitget is a better choice for ease of registration and KYC verification process as it offers a more straightforward registration process and doesn’t mandate KYC verification for trading.
Bitget vs OKX Products, Services, and Features
One of the critical features of Bitget is its access to over 400 cryptos with a daily trading volume of over $ 5 billion. The platform supports significant cryptos, offering low trading fees with access to up to 125x leverage on derivatives and perpetual contracts.
Bitget also offers a very intuitive trading interface for spot and futures trading. The trading interface is easy for beginners and equipped with advanced trading tools, including real-time charts and technical indicators to cater to experienced traders.
Another thing about Bitget is its comprehensive copy trading feature, allowing users to earn from the trades of the top traders on the exchange. That can help inexperienced traders earn money while learning how to trade. Bitget also offers demo trading for users to practice trades before using real funds.
Bitget is also one of the best crypto exchanges for earning passive income. With access to staking, savings, ETH 2.0, crypto loans, bot trading, and many more, Bitget has everything you need to earn aside from crypto trading.
If you’re interested in NFT trading, Bitget also has you covered with its Web3 section for buying and selling NFTs.
OKX, on the other hand, supports over 350 cryptocurrencies for active trading with a daily trading volume of over $22+ billion. The platform also offers one of the lowest trading fees in the crypto market and gives users access to up to 100x on derivatives and perpetual contracts.
Additionally, OKX offers a variety of passive income products, including staking, savings, copy trading, bot trading, and many more. That helps traders to earn more income aside from trading on the platform.
Another thing about OKX is its advanced trading interface. The exchange offers advanced trading tools, including advanced order types, technical indicators, and many more, making it a more suitable exchange for experienced traders.
Bitget and OKX offer a comprehensive trading interface for spot and futures trading. However, Bitget stands out with a more user-friendly trading interface that is easy for beginners and experienced traders to navigate.
Regarding products, services, and features, Bitget is the clear winner as it offers more passive income products, higher leverage, more cryptocurrencies, NFT trading, and many more.
Bitget vs OKX Trading Fees
Bitget and OKX trading fees are slightly different. Bitget offers an industry standard of 0.1% for both makers and takers on the spot market. However, users can reduce trading fees to 0.08% for both makers and takers when they use the Bitget token (BGB). For futures trading, charges are 0.02% for makers and 0.06% for takers.
OKX, on the other hand, uses a tiered trading fee structure for the spot. The spot fees are 0.08% for makers and 0.1% for takers, but users can reduce expenses down to 0.06% for makers and takers based on their 30-day trading volume and the amount of OKB tokens held. For futures trading, users can access fees as low as 0.02% for makers and 0.05% for makers.
Regarding fees, OKX is the better choice as it offers slightly lower prices and generous discounts when holding the OKB token for spot trading. The futures trading fees are also lower when compared to Bitget.
Bitget vs. OKX Deposit Methods
Bitget offers free crypto deposits. The platform also lets users deposit fiat currencies through wire transfers. Additionally, Bitget supports over 100 fiat currencies, with various payment methods for buying cryptos. These include debit/credit cards, Apple Pay, GooglePay, and many more at low fees.
OKX also offers free crypto deposits but doesn’t support fiat deposits. However, users can buy cryptos with over 80 fiat currencies using various payment methods, including credit/debit cards or third-party payment processors, e.g., Simplex.
Bitget is the clear winner regarding deposit methods, as it supports fiat deposits and offers more payment methods for buying cryptos
Bitget vs OKX Withdrawal Methods
Bitget supports only three fiat currencies for withdrawals. They are GBP, EUR, and BRL. Alternatively, users can withdraw over 150 cryptocurrencies, and withdrawal fees depend on the coin and the selected network.
The withdrawal fees when using BTC are 0.0000051BTC and 0.0001ETH when using ETH for withdrawal. But for USDT, you will pay as little as 0.1USDT withdrawal fee.
Similar to deposits, fiat withdrawals are not supported on OKX. Users must refrain from directly withdrawing their profits into their bank accounts. They can only withdraw cryptocurrencies, and withdrawal fees depend on the coin and selected blockchain network.
Regarding withdrawal methods, Bitget is the better option as it offers more withdrawal options than OKX. Bitget also supports fiat withdrawals for three currencies.
Bitget vs OKX Security
Bitget takes security very seriously, providing $390 Billion a protection fund to ensure user assets are always protected. The platform also implements advanced security measures, including two-factor authentication, cold storage, SSL encryption, etc. Additionally, Bitget has never been hacked since it started working. That shows that the platform’s security can be trusted.
OKX is also one of the safest crypto exchanges as it implements two-factor authentication, cold storage, and core private key encryption algorithms for adequate security.
They also use email and phone verification to enable traders to secure their accounts. OKX also provides proof of reserves, which shows that the company funds back all user assets.
Regarding security, Bitget and OKX are evenly matched as they implement advanced safety measures, including two-factor authentication and cold storage. They also provide proof of reserves, guaranteeing the company funds back all user assets.
Bitget vs OKX: Which Exchange Wins?
Bitget is the overall winner of this comparison. The exchange offers more cryptocurrencies, higher leverage, more passive income products, and many more premium features, which make it preferable to OKX.
Bitget is best for:
- A wide range of cryptos
- Easy registration and KYC verification
- User-friendly interface for beginners and experienced traders
- High leverage for maximizing profit on derivatives and perpetual contracts
- Passive income products
- A more comprehensive range of deposit and withdrawal methods at low fees.
OKX is best for:
- Low trading fees and discounts
- Access to advanced trading tools for experienced traders
- Adequate security
