3+ best OKX alternatives & competitors in 2023

Research the best alternatives to OKX, compiled using a range of criteria, including cost, security, and user reviews.
By:
Updated: Jun 12, 2023

OKX is one of more than 500 crypto exchanges operating today. It was founded by Star Xu in 2017. OKX is now the fourth largest crypto exchange in the world and sponsors major sports teams such as Premier League side, Manchester City, and the F1 racing team, McLaren.

Compare the cost of trading and available range of crypto markets to learn if you can trust OKX, or whether its better to find the best OKX alternative.

Quick take: best alternatives to OKX 2023

  1. eToro: Best for beginners, copy-trading & demo-account
  2. Public: Best for sharing beginner trading ideas
  3. Uphold: Best for building long term wealth
  4. OKX: Best for futures and margin trading
  5. Nexo: Best for earning interest & rewards
  6. KuCoin: Best social trading altcoin exchange

Top 10 OKX alternatives & similar sites

1. eToro. Best for beginners, copy-trading & demo-account

1500

No. assets

$10

Minimum deposit

Crypto

Platform type

Pros & Cons

Great for beginners, simple to set up and get started Zero commission stock trading Popular ‘CopyTrader’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

77% of retail CFD accounts lose money.

2. Public. Best for sharing beginner trading ideas

public.com logo

...

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: Cryptocurrency trades are charged a 2.5% fee per transaction. 

3. Uphold. Best for building long term wealth

...

No. assets

$1

Minimum deposit

Crypto

Platform type

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up
Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD. 

Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

4. OKX. Best for futures and margin trading

...

No. assets

$50

Minimum deposit

Crypto

Platform type

Pros & Cons

Stake ETH to freely mint FIFA WORLD CUP 2022 NFTs & big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods
Not available in the US Lack of fiat withdrawal options

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

5. Nexo. Best for earning interest & rewards

...

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Offers excellent rates of interest on crypto and fiat savings Nexo debit card makes it easy to access and spend your funds Access crypto loans and collateral Equipped with top quality security infrastructure and insured
No anonymous option, your identity must be verified to place buy and sell orders Margins calls if the value of your collateral drops between a certain level

Overview

We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.

You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest. 

The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee. 

6. KuCoin. Best social trading altcoin exchange

1

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees
Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.

KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Compare similar apps to OKX

We have assigned each OKX alternative a rating to give you an idea of the overall service each crypto exchange provides. The score, alongside a snapshot of some important features, allow us to quickly summarise OKX’s top competitors.

OKXCoinbaseBinanceUphold
Minimum
deposit
Variable£10£10£10
Trading
fees
YesYesYesYes
Tradable
assets
350+3,000+350+327+
Supported
assets
Crypto, NFTsCrypto, NFTsCryptoStocks, Crypto, Forex
Demo
account
YesNoYesNo
Invezz
rating
4.44.54.14.1
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How the best OKX alternative was found

We found alternative cryptocurrency exchanges to OKX by reviewing what most closely matched OKX in terms of the business model, licensing & operations, cost of trading, target audience, and crypto markets available.

We ranked each alternative on these factors while taking into account all available user-reviews across services like TrustpilotReviews.io, and Sitejabber, to find the services that offered similar apps to OKX.

Here are some more of the features we used to identify the best OKX alternatives.

  • Best low fee OKX alternatives. The main cost of using a crypto exchange comes from trading fees or commissions but there may be other fees as well. We considered the overall cost of using a different exchange, including inactivity fees, spreads, and crypto conversion fees.
  • Best OKX alternatives for beginners. Beginner-friendly OKX alternatives provide an intuitive app and trading experience that helps you make your first steps in crypto trading. The most important feature it must offer is a free demo account, while features like copy or social trading can be useful as well.
  • Best OKX competitors with similar products. We picked out crypto exchanges where the markets and number of digital assets available most closely resembled OKX. Good OKX alternatives offer a large, varied range of crypto products.
  • Most secure OKX alternative. All the OKX competitors we recommend are regulated by top tier financial regulators to protect you and your money. We also look for similar apps to OKX that are transparent about their finances and how they store customer funds, whether that’s in hot or cold storage.
  • Best OKX competitors with highest user reviews & customer ratings. Real life experience of using a crypto exchange is important. We identified the most popular crypto trading platform by comparing those with the best average ratings and most positive user reviews.

Best low fee alternatives to OKX

You don’t want to switch crypto exchange only to pay more for the service. Here’s how OKX alternatives compare in terms of how they make their money:

OKXCoinbaseBinanceUphold
Trading feesYesYesYesYes
Inactivity feesNoNoNoNo
Rollover/overnight feesNoNoNoNo
Withdrawal feesYesYesYesNo
SpreadsNoNoNoYes
Conversion feesNoNoNoNo

Best OKX alternative for beginners

OKX is targeted towards beginners, so any competitor should provide a helpful experience to new users as well. Here is a comparison of beginner-friendly crypto trading features available from OKX’s competitors:

OKXCoinbaseBinanceUphold
Free demo accountYesNoYesNo
Video tutorialsNoYesNoYes
Copy tradingNoNoNoNo
Trading academyYesYesYesNo

OKX competitors with similar products

A OKX alternative should allow you to invest into a similar range of digital assets and crypto markets. That way, you can invest in the same crypto coins even if you switch exchanges. Here’s how the competitors compare to OKX:

OKXCoinbaseBinanceUphold
Currencies27+
Stocks50+
ETFs
Indices
Commodities
Cryptocurrencies350+3,000+350+250+

Most secure OKX alternative

Regulation is important because it offers you financial protection in the event that something happens to the exchange, like a bankruptcy. Here are how the top alternatives fare against OKX in terms of regulatory protection.

OKXCoinbaseBinanceUphold
Africa regulation
Asia regulation
Australasia regulation
European regulationBaFin
North American regulationFinCENFinCEN
South American regulation

Best OKX competitors with highest user reviews & customer ratings

We gathered data from independent review platforms to show what the experience of using an OKX alternative was like for other people.

This information can be a useful tool to help you decide which cryptocurrency exchange to use, but remember that there are many reasons why someone might have a good or bad experience with a service – and not all of them are the crypto exchange’s fault.

OKXCoinbaseBinanceUphold
Trustpilot2.91.52.03.4
Reviews.io2.24.52.81.0
Sitejabber3.651.743.061.0

FAQs

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Sources & references
Risk disclaimer
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.