OKX EU Review

Overview

OKX EU is the European service of OKX, run by a separate company for customers in the European Economic Area. It operates under MiCA, the EU rulebook for crypto platforms. OKX EU is headquartered in Sliema, Malta and was founded in 2018.

There is no separate website. You use okx.com, which sends visitors from the EEA to the European version at okx.com/en-eu.

You get 290 coins on spot, futures in the form of X-Perps with up to 10x leverage, trading bots, Earn products and a virtual card. Coins trade against USDC, a stablecoin that complies with MiCA, or directly against the euro.

The range is narrower than on the global exchange we cover in our OKX review: there is no copy trading, no P2P trading and no options.

That makes OKX EU a fit for European traders who want spot and leveraged futures on one account, and a poor fit for anyone who depends on copy trading, P2P or options.

Pros & Cons

Here is where the platform is strong and where it falls short.

Sign-up & Verification

You sign up on okx.com with an email address and a password. If you live in the EEA, your account is opened with OKX’s European company. Identity verification is mandatory before you can deposit or trade.

There is a single verification level, so you do not have to work your way up to raise your limits. Once verified, you can withdraw crypto worth up to $10,000,000 per day.

X-Perps need one extra step: a short appropriateness test about your trading knowledge. EU investor protection rules call for it before a platform may offer you derivatives.

Supported Cryptocurrencies

OKX EU lists 290 coins on spot. You trade them against USDC, a stablecoin that complies with MiCA, or directly against the euro, and a few against the Polish zloty. USDG is listed as a second dollar stablecoin. USDT is not listed; USDC does the same job.

On the futures side, X-Perps cover 155 coins. They also track stocks, ETFs and a few commodities, which brings the total to 228 contracts.

OKX EU lists 290 spot assets and 155 futures markets.

Trading Platform

Spot trading is the base, and selected spot markets can be traded on margin with borrowed funds.

Futures on OKX EU are called X-Perps. A classic perpetual has no expiry date. An X-Perp has one, but it lies years ahead, and funding payments keep its price close to the spot market in the meantime, so in daily use it trades like a perpetual. Leverage goes up to 10x for every client. It cuts both ways: a move against you can wipe out your collateral.

The bot section covers grid and DCA bots for spot and for X-Perps. Large orders can be split with Iceberg and TWAP orders, which feed them into the market in small pieces. A demo mode lets you try X-Perps with virtual funds before you risk real money.

Maximum leverage is 10× (spot margin up to 10×).

Trading Fees

On spot, you pay 0.1% as a maker and 0.2% as a taker at the base level. On X-Perps the base level is 0.02% for makers and 0.05% for takers.

A limit order that waits in the order book counts as a maker order. An order that fills at once against the book counts as a taker order.

X-Perps also carry funding payments between long and short traders several times a day. They are separate from the trading fee. Crypto withdrawals cost a network fee that depends on the coin.

The median across the 64 centralized exchanges (CEX) we track, per fee type. OKX EU is only ever compared with its own kind. "Average" means within half a basis point of that median.

Earn and Card

Earn comes in two forms. Simple Earn pays interest on coins you can take back at any time. OKX EU offers staking. It runs under the name On-chain Earn and covers more coins than Simple Earn.

The OKX Card is a virtual Mastercard for customers in the EU and Norway. Because it is virtual, it is meant for online payments with your crypto balance.

Security

OKX EU keeps client coins in a mix of online and offline wallets and holds them apart from the company’s own funds.

For your account you can use an authenticator app or passkeys to log in, an anti-phishing code that marks genuine emails, and a withdrawal allowlist that limits payouts to addresses you have approved.

The reserve reports that OKX publishes every month cover the whole group, so they do not show the European company’s holdings on their own.

Customer Support

Help is available through live chat and support tickets, and European customers have their own support email address.

Deposit Methods

Euro deposits work by SEPA transfer, including SEPA Instant, from any euro bank account. iDEAL serves Dutch bank customers and Bancontact Belgian ones.

Cards and Apple Pay are the quick route for smaller amounts. PayPal works as well. You can also send in crypto from another wallet, which skips fiat money altogether.

OKX EU Deposit Methods

SEPACredit/Debit CardApple PayPayPaliDEALBancontactBank TransferCryptocurrencies

Withdrawal Methods

Fiat withdrawals are simple because there is only one route: euros go to your bank account by SEPA transfer. Cards and the other deposit apps cannot be used to take money out.

Crypto withdrawals go to any external wallet, up to $10,000,000 per day, and cost a network fee. If you have switched on the withdrawal allowlist, add the address to it first.

OKX EU Withdrawal Methods

SEPACryptocurrencies

Alternatives

If OKX EU does not fit, other platforms serve European customers too. Bybit EU is the closest relative, another global brand with its own European company, but it offers spot trading only. Kraken has futures as well and a long track record. Bitvavo is the simple choice for buying and holding with euros.

Bottom Line

OKX EU gives European traders spot and leveraged futures on one account, on a platform that runs under MiCA. Add the bots and Earn, and it covers most of what a regular trader needs.

The limits are real, though: leverage stops at 10x, and copy trading, P2P and options are missing.

New accounts opened with the code cwrbonus can earn a welcome bonus of up to €400. The reward comes in steps that depend on your deposit and your trading, so read the bonus terms first.

Visit OKX EU ↗