OKX Review: Monthly proof-of-reserves
OKX (formerly OKEx) publishes monthly proof-of-reserves reports, among the most complete of the 11 we index. New accounts using a referral code receive a rebate of up to 54% on trading commissions — the second-highest published rate in this index, behind Weex.
- Spot, entry tier: 0.10%
- USDT-M futures: 0.02% maker / 0.05% taker
- Code GOGOTRADE → Up to 54% rebate on OKX fees
- Welcome bonus: Up to $10,000
Why OKX ranks #2 in our index
Rank #2 of 11 rests chiefly on monthly proof-of-reserves, with OKX scoring strongest for pro traders, rebates up to 54%, proof of reserves. Its entry-tier spot fee is 0.10%; its referral terms give a rebate of up to 54% on trading fees. Axis weights: the methodology.
Strengths
- Referral commission rebate reaching 54% at the top tier, second-highest ceiling of the 11 indexed
- Monthly proof-of-reserves report covering 22+ assets
- Web3 Wallet supports 100+ chains
- Sub-account and copy-trading included at no cost
Limitations
- $10,000 mystery-box bonus is tier-gated
- Spot pair count slightly fewer than Binance
OKX fee schedule, entry tier
| Fee | Rate | Basis |
|---|---|---|
| Spot maker | 0.08% | Entry tier, before referral discount |
| Spot taker | 0.10% | Entry tier, before referral discount |
| Futures maker | 0.02% | USDT-margined perpetuals, entry tier |
| Futures taker | 0.05% | USDT-margined perpetuals, entry tier |
Table 2 · OKX rates transcribed from the OKX fee schedule, read 7 Sep 2026. Change history: corrections log; the linked page is authoritative.
Where OKX sits in the index
OKX is #2, placed after Binance review — Largest spot liquidity (#1) and ahead of Bybit review — Largest USD bonus ceiling (#3). Best-fit profile in our scoring: pro traders, rebates up to 54%, proof of reserves. 5 product lines at OKX (Spot, Futures, Options, Copy Trading, Web3 Wallet) against 6 at Binance, Gate.io, MEXC, the broadest of the 11. Founded 2017 and based in Seychelles, OKX lists 408 assets, below the index median of 592 — counted from its own instruments endpoint on 2026-09-17. Security record, checked 2026-09-17: No breach of the coins OKX holds for customers was reported here. Its DEX aggregator was exploited in December 2023 through a leaked proxy-admin key; The Block reported an apparent $2.7 million exposure against OKX's own estimate near $370,000, and OKX said it would repay affected users. Source ↗
OKX against the index median
1 of the other 10 index members undercuts OKX on spot: 0.10% against a median of 0.10%. As a futures taker OKX charges 0.05%, under the 0.055% median — tied 2nd of 11 (with 3 others). The up to 54% OKX rebate is above the 40% index median: 2nd of 11. On a $1,000 futures taker fill, OKX charges $0.50 before the rebate and $0.23 after it at the full 54% top tier; lower tiers rebate less.
| Metric | OKX | Median (n=11) | Best (n=11) | Rank |
|---|---|---|---|---|
| Spot fee | 0.10% | 0.10% | 0% MEXC | tied 2nd of 11 (with 6 others) |
| Futures taker fee | 0.05% | 0.055% | 0.02% MEXC | tied 2nd of 11 (with 3 others) |
| Futures maker fee | 0.02% | 0.02% | 0% MEXC | tied 2nd of 11 (with 9 others) |
| Referral rebate | up to 54% | 40% | up to 60% Weex | 2nd of 11 |
Table 3 · OKX versus the index (n=11); Table 2 figures, read 7 Sep 2026.
How to claim the OKX fee discount
Referral terms at OKX attach at sign-up only: an account opened without GOGOTRADE cannot add a rebate of up to 54% on trading fees afterwards.
- Register via this page; code
GOGOTRADEis embedded in the URL. - Verify identity: OKX lists KYC as Required, so expect withdrawals to stay locked until a government ID is on file.
- Deposit $1 or more, the recorded minimum at OKX. The welcome-bonus tiers (published ceiling up to $10,000), set on the promotion page behind the sign-up button, typically start higher.
- Place one qualifying trade at OKX: 0.10% spot, 0.05% futures taker, entry tier.
- A rebate of up to 54% on trading fees then flows back on every fill while OKX keeps the programme open.
References
- OKX fee schedule, read 7 Sep 2026: OKX official fee page (okx.com)
- Founding year (2017) and headquarters (Seychelles): CoinGecko exchange API entry for OKX, cross-checked on Wikipedia, cycle 7 Sep 2026.
- OKX referral programme page, quoted as published: Up to $10,000 bonus ceiling and a rebate of up to 54% on trading fees as the referral terms.