OKX Review: Centralized Exchange With Self-Custody Wallet and Native Token

OKX is a centralized crypto exchange offering various trading options, including spot trading, margin, futures, and options. It also has a self-custody wallet arm called OKX-Wallet, which allows users to store their assets securely. The exchange's fee structure is transparent, with base rates published for all users.

The fees for maker and taker orders on the exchange are 0.08% and 0.10%, respectively, at the standard Lv1 tier. These rates drop as trading volume or OKB holdings increase through VIP tiers. Users can also pay fees directly in OKB tokens to receive an additional discount.

The OKX-Wallet is a self-custodial wallet that supports multiple blockchains, including Bitcoin, Ethereum, and Solana. It has built-in tools for cross-chain swaps, Web3 Earn, direct dApp discovery, and more. However, users must be careful with smart contract approvals to avoid losing funds.

OKB is the platform's native token, with a fixed supply of 21 million tokens after a one-time burn in 2025. There are no plans for further minting or unlocks. Holding OKB provides fee discounts and access to Jumpstart token sale events.