OKX vs Bitget 2024: Which Crypto Trading Platform is Better?

In this guide, we will break down the key differences between OKX vs Bitget, helping you decide which exchange best suits your trading needs. We’ll cover factors like fees, user interface, supported coins, and unique trading features. Let’s explore which crypto exchange emerges as the preferred choice for traders.

Key Takeaways:

  1. OKX is best for experienced traders with advanced trading features along with ample liquidity, whereas Bitget is known for its copy trading feature.
  2. While OKX excels in high liquidity and robust security measures, Bitget stands out with a larger selection of cryptocurrencies and trading pairs.
  3. Both crypto exchanges offer competitive fee structures, with OKX having slightly lower spot and futures taker trading fees compared to Bitget.

OKX vs Bitget: Key Differences

OKX (formerly OKEx) Bitget
Launched 2017 2018
Headquarter No global headquarters Singapore
Best For Derivative Traders Copy Traders
Number of cryptocurrencies listed 324+ 750+
Trading volume Very High High
Trading fees Spot: 0.08%maker and 0.1% takerFutures: 0.02% maker 0.05% taker Spot: 0.1% for both maker-takerFutures: 0.02% maker and 0.06% taker
Supported fiat currencies USD, EUR, GBP, and 43+ more EUR, GBP, BRL, and 140+ more
Features Spot, margin, futures, options, perpetual swaps, Web3 wallet, copy trading Spot, margin, futures, copy trading, Launchpool, trading bots, and more
Earning and Staking Yes Yes
NFT platform Yes Yes
User protection fund Yes Yes
Payment method Visa, MasterCard, Google Pay, and ApplePay  Credit cards, bank transfers, and P2P
Regulated MVP preparatory license in Dubai VASP in Poland and Lithuania
KYC Required Yes Yes

What is OKX?

OKX is one of the top crypto trading platforms serving over 50 million users in 100+ countries. It has operational offices in the UAE, Hong Kong, Singapore, Silicon Valley, and the Bahamas. The exchange was founded in 2017 by Star Xu. It supports over 324 tokens and 550+ trading pairs, solidifying its position as a one-stop exchange for cryptocurrency trading.

What sets OKX apart is its robust trading infrastructure. The exchange boasts a high trading volume, ranking it among the top crypto exchanges globally. Beyond spot trading, OKX offers margin trading with leverage up to 5x, and futures trading with 100x leverage options. The platform further empowers users to hedge their positions and manage risk effectively with perpetual swaps and options trading.

For those interested in decentralized finance (DeFi), OKX provides access to various DeFi services, including yield farming and staking. These services enable you to earn passive income by participating in the DeFi ecosystem. Security is paramount for OKX. The platform safeguards user funds and personal information with advanced security measures.

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Pros of OKX

  • Trading fees are low for makers and competitive fee structure for takers
  • Daily trading volume is very high, ensuring ease of transactions
  • Advanced trading features with futures trading with up to 100x leverage
  • You can earn up to 100% APY on various fixed-staked cryptocurrencies
  • Best Web3 ecosystem with non-custodial DeFi services

Cons of OKX

  • Not available to users in the United States, limiting its market reach
  • Customer support response time is longer and slower compared to competitors

What is Bitget?

Bitget is another cryptocurrency exchange platform headquartered in Singapore. It was established in 2018 and has since grown to be a significant player in the crypto market. This makes it accessible to a global user base, with around 25 million registered users. The platform operates under regulatory frameworks in Poland and Lithuania, registered as a Virtual Assets Service Provider (VASP) in both countries.

what is bitget 1

It offers a wide array of services, including copy trading, spot trading, futures trading, and margin trading. It supports over 750 spot cryptocurrencies and provides comprehensive futures contracts with high leverage, up to 125x.

In addition to basic trading services, Bitget also offers staking programs, where you can earn rewards by holding specific cryptocurrencies. The exchange includes Launchpool and Launchpad programs, allowing you to stake tokens and gain early access to new cryptocurrencies.

The platform also provides a secure decentralized Web3 wallet for crypto transactions, an NFT marketplace for buying and selling digital collectibles, and a range of AI-powered bots for automated trading strategies. 

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Pros of Bitget

  • It offers over 750 spot trading pairs, providing users with a wide variety of altcoins for trading
  • Up to 125x leverage on futures trading, attracting high-risk traders
  • User-friendly interface for beginners with a mobile app
  • Advanced trading tools like margin trading and copy trading
  • Highly secure with insurance fund

Cons of Bitget

  • A limited number of fiat currencies supported for withdrawals
  • Not available in several major markets, including the United States, due to regulatory restrictions

OKX vs Bitget: Trading Volume and Liquidity

According to Coingecko, OKX consistently ranks high in terms of trading volume with over $2.2 billion per day. This high volume indicates a significant level of activity, which contributes to its liquidity. 

High liquidity on OKX means that traders can execute large orders without causing a substantial impact on the asset’s price. This is beneficial for traders looking for a stable trading environment without price slippage.

On the other hand, Bitget tends to have slightly lower trading volumes compared to OKX with around $2.1 billion. However, it still maintains a strong presence in the market.

bitget and okx trading volume and liquidity

OKX vs Bitget: Products Offered

Futures and Leverage Trading

OKX and Bitget are popular futures trading platforms where you can trade contracts to bet on the price of cryptocurrencies going “Long” or “Short”. Unlike traditional futures contracts, these contracts are called perpetual futures, and they never expire.

Both crypto exchanges support the same types of contracts: USDT-M, USDC-M, and Coin-M futures

  • USDT-M and USDC-M futures contracts are settled in stablecoins like Tether (USDT) or USD Coin (USDC) that are pegged to the US dollar. This means the price of these contracts should be less volatile than other futures contracts.
  • Coin-M futures contracts are settled in the underlying cryptocurrency itself (e.g., BTC-M contracts are settled in Bitcoin). The price of these contracts can be more volatile because the value of the crypto itself can swing up and down.

Another thing to consider is how much control you want over your risk. Both OKX and Bitget offer two options: Isolated mode and Cross mode

Isolated mode keeps your risk locked into a single contract, so you won’t lose more than you put into that specific trade. Cross mode lets you use your entire account balance as collateral, which can be riskier but also potentially more rewarding.

Now, let’s talk about leverage. OKX offers 100x leverage on BTC and 50x on altcoins. Bitget’s higher leverage of 125x on BTC and 100x on altcoins can be appealing if you are looking for maximum exposure. However, the higher the leverage, the greater the risk of liquidation.

Both OKX and Bitget are also popular margin trading exchanges, allowing traders to borrow funds to increase their trading position. OKX offers up to 5x leverage in margin trading. This provides a moderate level of risk and potential reward. Bitget, on the other hand, offers up to 10x leverage in isolated mode and 3x leverage in cross-margin mode.

Winner: Both exchanges support an extensive derivatives trading market, but Bitget offers slightly higher leverage with up to 125x compared to 100x.

Copy Trading

OKX provides a comprehensive copy trading platform, which allows you to mimic the strategies of successful traders. Available for both spot and perpetual markets, you can copy trades across more than 550 trading pairs. 

OKX offers several copy trading modes, such as Smart Sync, which fully automates copying the lead trader’s positions, and Fix Mode, where you specify a fixed investment amount per trade. Additionally, the Proportionate Mode lets you invest a percentage of your portfolio in line with the lead trader’s trades.

What makes OKX’s copy trading unique is its flexibility. It supports one-way and hedge position modes. This means you can hold long and short positions simultaneously. OKX boasts a network of thousands of lead traders, providing a variety of strategies to follow. Lead traders can earn up to 13% of their copier’s profits.

okx copy trading

Bitget also offers a robust copy trading program with over 130,000 elite traders with $430 million in total followers profit. Similar to OKX, the exchange also emphasizes transparency by providing detailed performance data, including profit and loss (PnL), win rates, AUM, and transaction history, which helps you choose the best traders to follow.

The platform offers flexible options, allowing you to copy both spot and futures trades. Bitget also offers bot copy trading for full automation. It supports more trading pairs than OKX. You can also set stop-loss and take-profit limits to control your risk exposure and potential losses.

bitget copy trading 1

Winner: Both copy trading platforms offer similar features, but Bitget has a larger pool of traders, including both experienced veterans and copiers, whereas OKX has better risk management tools with different copy modes.

Trading Bots

OKX Trading Bots

  • Grid Bots: Imagine buying low and selling high, on repeat. Grid bots automatically place buy orders at regular intervals when the price dips, and sell orders when it rises. Great for taking advantage of small price swings.
  • Signal Trading: Follow the lead of professional traders. With signal trading, you connect your account to an external signal provider (like TradingView), which automatically copies their trades.
  • DCA (Dollar-Cost Averaging): This bot helps you invest consistently over time, regardless of price. It automatically buys a fixed amount of cryptocurrency at regular intervals, smoothing out market volatility.
  • Arbitrage: These bots take advantage of price differences between different markets like spot and futures. They buy low on one market and sell high on another, profiting from the price difference.
  • Slicing: The bots divide large orders into smaller ones. This method helps minimize the impact of large orders on the market price. It is useful for traders who want to avoid slippage.
okx trading bots

Bitget Trading Bots

Similar to OKX, Bitget also offers basic crypto trading bots like Grid trading and DCA (auto invest). Here are some other unique trading bots:

  • Smart Rebalance: This bot keeps your portfolio weights in check. It automatically buys or sells assets to maintain your desired allocation percentages, rebalancing as prices fluctuate.
  • Martingale: This aggressive strategy doubles down on losing bets. The idea is to recover losses with one successful trade. While it can generate high profits in a bull market, it also carries a significant risk of larger losses.
  • Spot and Futures CTA: Similar to OKX’s signal trading, CTAs allow you to copy signals from other sources.
  • Futures Quant: This AI-powered bot uses advanced data algorithms to analyze complex market data and identify profitable futures trading opportunities. Best suited for experienced traders comfortable with technical analysis.
bitget trading bots

Winner: OKX might be better for traders looking for a wide range of basic bots, while Bitget offers advanced options like Futures Quant, which might be more suitable for experienced traders.

Earn Interest on Crypto

OKX Earn Services

  • Simple Earn: You can deposit and withdraw your crypto anytime. The interest rate may vary daily with up to 10% APR. It also offers fixed-term staking. You lock your crypto for a set period, usually from 7 days to several months. Fixed savings typically offer higher interest rates than flexible savings.
  • DeFi staking: OKX integrates with various DeFi protocols through its Web3 portal, allowing you to earn yields by providing liquidity or lending assets on decentralized platforms.
  • Flash Deals: These are special offers where you can earn higher interest rates by locking your crypto for short periods, often for a week or less. These deals are usually limited in quantity and available on a first-come, first-served basis.
  • Structured Products: This includes high-risk, high-reward investment products like Snowball, Shark Fin, Seagull, and Dual Investment.
  • Crypto Loans: They allow users to borrow or lend digital assets, typically secured by cryptocurrency collateral.
okx earn service

Bitget Earn Services

Similar to OKX, Bitget also offers fixed and flexible term staking options with similar APR rates based on market conditions. Some other popular passive income options are:

  • Range Sniper: It is a high-yield, non-principal-guaranteed product allowing speculation on cryptocurrency price changes, with a basic APR starting at 20% and potentially reaching 500%. The payouts are made in USDT if predictions are accurate, or in coin itself otherwise.
  • Smart Trend: A product that lets investors speculate (Bullish or Bearish) on Bitcoin or Ethereum prices over 7 days; offers up to 40% APR with outcomes ranging from absolute win (highest APR) to net win (good return within a range) and loss scenario (principal returned with basic interest).
  • BGB Staking: This allows you to stake Bitget’s native token, BGB, to earn rewards, participate in promotions 7 airdrops, and potentially receive higher returns.
  • PoolX: You can stake to mine new project tokens. You will receive airdrops based on your staking amount.
bitget earn service

Winner: Both Bitget and OKX offer extensive earning services with competitive APRs.

Advanced Order Types

OKX offers a variety of order types to suit your trading needs:

  • Market Order: This is the simplest order type. You tell OKX to buy or sell a certain amount of cryptocurrency at the best available market price. It’s ideal when you want immediate execution of your order.
  • Limit Order:  With a limit order, you specify the exact price you want to buy or sell at. Your order will only be filled if the market price reaches your limit price. This gives you more control over the price you get for your trade.
  • Trailing Stop: This is an advanced order type that helps you limit your losses. You set a stop price below the current market price for a buy order (or above for a sell order). If the market price moves against you and reaches your stop price, a market order is automatically triggered to sell (or buy) your cryptocurrency, limiting your potential loss.
  • TWAP (Time-Weighted Average Price): It is designed to get you a closer average price for your order over a specific period. Instead of placing your entire order at once, TWAP breaks it down into smaller chunks and buys them gradually over time. This can be useful if you’re worried about market volatility.
  • Iceberg Order: This is an order type that helps to hide your trading intentions. With an iceberg order, only a small portion of your total order quantity is visible to the market. The rest of the order is hidden until the initial part is filled. This can be useful for large orders that could potentially impact the market price.

Similar to OKX, Bitget also offers different order types including market, limit order, iceberg, and TWAP orders. It also offers a “post-only order”. This is a special type of limit order that ensures your order adds liquidity to the order book, potentially qualifying you for lower trading charges.

When you place a post-only limit order, Bitget will only submit your order if it doesn’t immediately get matched with an existing order. If it would cause an immediate trade, the order gets canceled. This helps avoid taking away liquidity from the market (acting like a taker) and keeps your order for potentially better maker fees.

Winner: Both OKX and Bitget offer advanced order types to manage your trades effortlessly. 

OKX Standout Features

Types of Accounts

OKX offers a unified trading account. This account simplifies trading by letting you buy and sell various investments, including spot markets, perpetual swaps, futures, and options, all from one place. 

It offers 4 different account types based on your profile and trading strategies:

  • Simple Mode: This is the default mode for new users and is best for beginners. It does not support margin trading, focusing instead on straightforward spot trading without the complexities involved in advanced trading methods.
  • Single-Currency Margin Mode: The mode enables trading various products such as spot, margin, futures, and options, all within the same currency. Profits and losses from these trades can offset each other, providing a unified margin balance.
  • Multi-Currency Margin Mode: In this mode, users can trade across different currencies, with margin requirements calculated based on the total USD value of their assets. This allows for trading even if the balance in a specific currency is low, as long as the overall USD value covers the necessary margin. You must have at least 10,000 USDT in your account to activate this mode.
  • Portfolio Margin Mode: Aimed at advanced traders, this mode uses a risk-based model to determine margin needs. It allows for trading multiple instruments and managing risk by offsetting margins and profits/losses across various products.
okx account types

OKX also offers sub-accounts. These secondary accounts are linked to the main account and are useful for separating different trading strategies and managing risk. Sub-accounts can be used for spot trading, leverage, and contract trading. 

OKX DeFi

OKX’s Web3 wallet offers an extensive range of DeFi services for both beginners and experienced users. With access to over 70 decentralized networks, you can manage your digital assets seamlessly through an intuitive dashboard available as both an app and a browser extension.

One of the standout features of OKX’s Web3 wallet is its ability to facilitate cryptocurrency swaps across more than 20 blockchain networks. You can engage with over 400 decentralized exchanges (DEXs) and utilize 20+ cross-chain bridges to optimize your trading activities. This extensive network support ensures you can find the best rates and liquidity for your swaps.

In addition to swapping, OKX provides a comprehensive NFT marketplace that spans 11+ networks. This marketplace allows you to trade, buy, and sell NFTs easily, making it a one-stop platform for NFT enthusiasts. For earning yield, OKX’s DeFi platform provides options like saving, staking, pooling, and farming, allowing you to generate returns on your digital assets. 

okx defi

OKX Jumpstart

OKX Jumpstart is a platform designed to help you engage with promising new crypto projects. It has achieved significant success, with raising a total of $4.3 billion. To date, OKX Jumpstart has launched 15 different projects.

There are two main ways to participate in these projects: Mining and On Sale

In the Mining method, you can earn tokens by staking the required cryptocurrency. On Sale involves a “Pledge + Draw” system where you pledge a certain amount and then enter a draw for the opportunity to buy tokens.

Bitget Standout Features

Bitget Wallet

Similar to OKX Wallet, Bitget also offers a non-custodial DeFi wallet. Bitget Wallet is an easy-to-use Web3 trading wallet for crypto users worldwide. It supports over 100 blockchain networks and 250,000 different cryptocurrencies. The wallet has handled over $8 billion in swap trading volume. More than 19 million people from 160 countries and regions use Bitget Wallet.

With Bitget Wallet, you can exchange tokens instantly and access accurate market data. It offers various trading modes, including futures trading with up to 125x leverage. The wallet also has an NFT marketplace and allows users to interact with over 20,000 decentralized apps (DApps). 

Security is a top priority, with a protection fund and advanced MPC security technology to keep your assets safe. 

bitget wallet

Bitget Launchpad

Similar to OKX Jumpstart, Bitget Launchpad is another platform where you can stake your tokens to farm new and promising cryptocurrencies. By participating, you get early access to new tokens by staking your assets. The total amount staked on the platform is a huge $2.3 billion worth of USDT, showing its popularity and trustworthiness.

With 67 projects featured so far, Bitget Launchpad helps you diversify your cryptocurrency portfolio. It’s a great way to invest in new tokens before they become widely available.

Bitget Card

The Bitget Card is a crypto credit card that caters to Bitget’s high-rolling VIP members. You need an invite to get the card. But if you do get the nod, this card promises some pretty sweet perks.

You can swap your card anywhere in the world, across over 180 countries, without having to worry about hefty foreign transaction fees. That’s the beauty of the Bitget Card – it lets you spend freely without hidden charges. Plus, forget annual fees or application costs – Bitget pays those for you.

But the benefits don’t stop there. Bitget is rolling out a cashback program, where you can earn up to 5% back on your purchases in the form of BGB tokens. Essentially, you get rewarded for spending with the card. The Bitget Card seamlessly integrates with Google Pay and Apple Pay. The card also allows withdrawals at any Visa-supported ATM, so you’ll have access to your cash or crypto when you need it most.

When you make a purchase, the transaction settles immediately in crypto. You get a virtual card as soon as the exchange approves your application. Later, you’ll get a real physical card in the mail.

bitget card

OKX vs Bitget: Cryptocurrencies Available

OKX offers 324 cryptocurrencies and 550 trading pairs. Bitget, on the other hand, boasts over 750 coins and more than 1,000 trading pairs. 

For traders seeking a diverse investment portfolio and the ability to execute a wider range of trading strategies, Bitget’s extensive list of cryptocurrencies and trading pairs might be a more suitable choice. 

Conversely, if a user prioritizes access to established, high-volume currencies, OKX’s offering might be sufficient.

Winner: Bitget offers a significantly wider selection of cryptocurrencies and trading pairs than OKX.

OKX vs Bitget: User Friendliness

OKX and Bitget both prioritize user-friendliness. OKX offers a clean, intuitive interface that is easy for both beginners and experienced traders to navigate. The platform includes comprehensive tutorials and guides, helping new users understand the basics of cryptocurrency trading. 

Plus, OKX provides advanced trading tools with different account types and charting features that cater to more experienced traders, ensuring a balance between simplicity and functionality.

Bitget is also known for its exceptionally user-friendly interface. The platform’s design is straightforward, making it easy for users to find the features they need. 

Similar to OKX, Bitget also offers detailed tutorials and educational resources. Bitget’s mobile app is particularly well-regarded for its seamless functionality and ease of use, allowing users to trade on the go with confidence.

Both exchanges support multiple languages, broadening their accessibility to a global audience. OKX and Bitget also provide responsive customer support, ensuring that users can get help when they encounter issues. However, Bitget often receives praise for its customer service, which is noted for being particularly prompt and helpful.

It’s worth noting that both exchanges received poor ratings on Trustpilot, with each scoring 1.8 out of 5.

Winner: Both exchanges offer a good user experience, with Bitget more aligned towards beginners, whereas OKX is best for experienced traders.

OKX vs Bitget: Fees

OKX Fees

OKX lets you “Convert” between crypto-to-crypto, like Bitcoin to Solana, for free anytime. It also does not charge fees for P2P trading. 

Spot trading fees on OKX depend on your VIP level. The more you trade or hold OKB tokens, the lower your fees. For basic users (less than 100 OKB tokens, under $100,000 in assets, or less than $5 million traded in 30 days), it adds a 0.08% maker fee and a 0.1% taker fee. 

Taker fees are higher because they remove liquidity from the market.

Holding OKB tokens lowers your fees by up to 40%, but watch the token’s price to make sure it stays valuable. For even lower fees, be a VIP client. Here is the full OKX spot fee structure:

Tier Total Assets 30-Day Trading Volume OKX Maker Fees OKX Taker Fees
VIP 0 0.08% 0.1%
VIP 1 ≥ 100,000 ≥ 5,000,000 0.045% 0.05%
VIP 2 ≥ 500,000 ≥ 10,000,000 0.04% 0.045%
VIP 3 ≥ 2,000,000 ≥ 20,000,000 0.03% 0.04%
VIP 4 ≥ 5,000,000 ≥ 100,000,000 0.02% 0.035%

Similar to spot fees, OKX has different futures fees depending on whether you’re placing an order that adds liquidity (maker) or removes liquidity (taker) from the market, and how much you trade or hold in OKB tokens.

  • Futures contracts: Regular users start at a 0.02% maker fee and 0.05% taker fee. These fees can go down if you trade a lot or hold a lot of OKB tokens.
  • Options contracts: These have a flat maker fee of 0.02% and a taker fee of 0.03%.

Read the full OKX fee information here.

Bitget Fees

Bitget’s fees are also on par with the OKX crypto exchange. The amount you pay depends on what kind of trading you do and if you have VIP perks. Here’s a quick rundown:

For spot trading, Bitget charges the same 0.1% for both maker and taker orders. You can save a flat 20% on fees if you use Bitget’s own coin, BGB, to pay instead of other cryptocurrencies.

User Level 30-day Trading Volume Bitget Maker Fee Bitget Taker Fee
Regular User 0.1% 0.1%
VIP 1 > 1,000,000 0.04% 0.06%
VIP 2 > 2,000,000 0.025% 0.05%
VIP 3 > 3,000,000 0.02% 0.045%
VIP 4 > 5,000,000 0.015% 0.04%

Also, Bitget charges lower maker fees (0.02%) and taker fees (0.06%) for futures trading compared to spot trading. For margin trading, you need to pay an hourly interest rate based on market conditions.

Read full Bitget fee information here.

Deposit and Withdrawal Fees

OKX and Bitget charge zero fees to deposit cryptocurrencies. But, there’s a network fee (gas fee) to transfer crypto on the blockchain, which you’ll still have to pay.

Withdrawing crypto on both trading platforms has a fee that depends on the coin you’re withdrawing. These fees change often to match network conditions.

Plus, buying crypto on Bitget and OKX with fiat currencies like USD or EUR through third-party services like Simplex or Moonpay incurs extra fees and spreads, up to 3..99%, or even more. Fees on credit/debit card purchases also vary depending on your country.

Winner: OKX is the clear winner due to its lower spot taker fee (0.08% vs 0.1%) and lower futures taker fee (0.05% vs 0.06%) compared to Bitget.

OKX vs Bitget: Security

Some of the best OKX security measures are:

  • Login Protections: OKX requires strong passwords and makes two-step verification mandatory. It enforces mandatory two-factor authentication (2FA) using Google Authenticator or a similar app. This means you’ll need a temporary code from your phone on top of your password to log in, adding an extra layer of security.
  • Cold Storage: It keeps most user funds in secure offline storage, like a vault disconnected from the internet, making them very hard to steal. They also use hot wallets for everyday activities with advanced security features.
  • Financial Safety Net: The exchange has an “OKX Risk Shield”, a pool of money set aside to cover user funds in case of unexpected security issues. It’s like an insurance fund.
  • Advanced Security Tools: OKX offers anti-phishing code to help you identify real OKX emails from fake ones trying to trick you. You can also freeze your account if you think something’s wrong, and they provide tips to help you keep your account safe. It also offers address whitelisting, which means your funds will only be sent to pre-approved withdrawal addresses.
  • SSL Encryption: OKX uses Secure Socket Layer (SSL) encryption to scramble data transmitted between your device and its servers. This protects your personal information from being intercepted by hackers.

Bitget also offers similar security features like 2FA, cold storage, SSL encryption, anti-phishing codes, account freezing, and withdrawal address whitelisting. 

Additionally, Bitget has a $462 million protection fund. It is a dedicated fund to help mitigate risks and provide some protection to user assets and transactions in case of unforeseen circumstances.

Plus, both exchanges also offer transparent Proof of Reserves (PoR) data. You can check the exchange solvency information on platforms like Defillama.

OKX and Bitget KYC requirements

OKX has a mandatory KYC for all users accessing basic features like depositing and trading cryptocurrencies. The KYC process is divided into two levels, each offering different benefits and trading limits.

  • Basic Verification: It involves basic identity verification, requiring you to provide personal information such as name, date of birth, and address. You must also upload a government-issued ID. Once this information is submitted and verified, you can access basic trading features. However, KYC 1 users have a lifetime P2P trading limit of $5,000. If they exceed this limit, they are prompted to upgrade to the next KYC level.
  • Advanced Verification: You need to provide proof of address, such as a utility bill or bank statement, and are required to take a selfie to verify your identity. This level increases the withdrawal limits and allows for more extensive trading activities. It provides more significant access to the platform’s features and reduces restrictions on P2P trading.

Bitget also has mandatory identity verification. There are different levels of KYC on Bitget. Level 1 verification allows users to access basic trading services and comes with a daily withdrawal limit of 3 million USDT. 

Higher VIP levels provide increased withdrawal limits. Here is the overview:

VIP Level Before Verification (No-KYC users) After Verification
VIP 0 Daily withdrawal limit: 20,000 USDTMonthly withdrawal limit: 100,000 USDT Daily withdrawal limit: 3 million USDT
VIP 1 Daily withdrawal limit: 6 million USDT
VIP 2 Daily withdrawal limit: 8 million USDT
VIP 3 Daily withdrawal limit: 10 million USDT
VIP 4 Daily withdrawal limit: 12 million USDT
VIP 5 Daily withdrawal limit: 15 million USDT

OKX vs Bitget: Deposit Methods

OKX offers a variety of payment methods including:

  • Bank Transfer
  • Credit/Debit Card (Google Pay and Apple Pay)
  • Cryptocurrency

In the OKX P2P marketplace, it supports 300+ funding methods, this includes:

  • Payeer
  • Payoneer
  • Wise
  • Perfect Money
  • AirTM
  • Revolut
  • Skrill
  • ABA Bank

Bitget also supports deposit methods including bank transfers, bank cards including Visa and Mastercard, and cryptocurrency deposits. The exchange also offers the convenience of third-party payment providers like Banxa and MoonPay in certain countries.

In P2P trading, Bitget supports over 100+ payment methods:

  • Bank Transfer
  • Payeer
  • Zelle
  • Perfect Money
  • Advcash
  • Wise
  • Cash settlement
  • UPI (Unified Payments Interface)

Conclusion

In a nutshell, Picking between OKX vs Bitget depends on what you’re looking for. If you’re new to crypto and want a variety of coins to trade with a user-friendly layout, Bitget might be better. They also have social trading features that help beginners get started.

On the other hand, if you’re an experienced trader who wants lots of trading options with different account types and a super secure platform, OKX might be the better fit. You can also read our similar crypto exchange comparison guides like OKX vs Binance and Bitget vs Bybit.

FAQs

Where is OKX based?

OKX was previously headquartered in Seychelles, but now the exchange has no global headquarters. Instead, it has some regional offices in UAE, Hong Kong, Singapore, Silicon Valley, and the Bahamas.

Is OKX available in the USA?

No, OKX is unavailable to users in the United States. The company explicitly mentions that it doesn’t serve the U.S. audience due to strict regulatory requirements and compliance issues unique to the U.S. market.

Is Bitget better than OKX?

Bitget offers a wider selection of cryptocurrencies and trading pairs, which can be advantageous for traders seeking diverse investment opportunities. Additionally, Bitget provides advanced bot trading and features like Futures Quant, appealing to experienced traders.

OKX boasts high liquidity, robust DeFi services, and lower trading fees, making it a preferred choice for some traders. Ultimately, the decision between Bitget and OKX hinges on factors such as trading preferences, security features, and desired cryptocurrencies.

Which is good for beginners, Bitget or OKX?

Bitget’s intuitive trading interface and user-friendly mobile app may be particularly appealing to beginners, facilitating easy navigation and execution of trades. Additionally, Bitget’s copy trading feature and simplified trading options could benefit beginners seeking guidance from experienced traders. 

OKX offers one of the most advanced trading platforms. But, it also provides comprehensive tutorials and guides, along with a range of account types tailored to different trading strategies, including a “Simple Mode” ideal for beginners.

Which is safest crypto exchange, OKX or Bitget?

Both OKX and Bitget prioritize security measures to safeguard user funds and personal information. OKX implements strong security protocols, including 2FA, cold storage for most user funds, and SSL encryption to protect data transmission. Additionally, OKX maintains a financial safety net, the “OKX Risk Shield”, to cover user funds in case of unforeseen security issues.

Bitget also employs similar security measures, such as two-factor authentication, cold storage, and SSL encryption. Plus, it also has a dedicated protection fund to mitigate risks and provide additional protection to user assets.

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