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OKX

AUSTRAC RegisteredAU Order BookGlobal · AU Entity

Trade on OKX ↗

A top-three global book that opened a dedicated, AUSTRAC-registered Australian entity in 2024, with PayID rails and spot trading for retail.

Headquarters

Global · AU entity

Founded

2017

AUSTRAC

Registered - OKX Australia Pty Ltd, ABN 22 636 269 040VASP register, checked 25 Jul 2026

AU Entity

OKX Australia Pty Ltd

AUD Deposits

PayID · Bank

Model

Order book

Assets

330+

Coindaily Score

85 /100

Regulatory standing in Australia

OKX launched a dedicated local operation, OKX Australia Pty Ltd, in 2024 with AUSTRAC registration and local AUD rails - a deliberate contrast to serving Australians from an offshore entity.

Retail Australians get spot trading; derivatives are gated to wholesale clients under Australian classification rules, which OKX applies through a formal qualification process rather than self-certification.

The local entity is young, so its Australian regulatory record is short - there have been no notable local enforcement actions, and the structure follows the playbook regulators have asked global venues to adopt.

Costs in practice

Maker

0.08%

Taker

0.10%

Typical Spread

0.05%

Effective Cost

~0.15%

Order-book venue: effective cost ≈ taker fee + spread. Figures match the Coindaily exchanges table and are modelled; check the live schedule before trading.

okx.com/en-au

OKX homepage

Homepage as served to Australian visitors · captured Jun 2026

Local offerings & AUD rails

AUD rails: PayID deposits and local bank withdrawals through the AU entity
Deep global order books with 0.08% / 0.10% fees
330+ assets on spot for retail
Derivatives available only to qualifying wholesale clients
Advanced order types, bots and API access

Where it wins

Proper AU entity with local rails (post-2023 rarity among global venues)
Deep liquidity and low fees
Modern tooling

Where it costs you

Short Australian track record
Derivatives wholesale-only for AU
Support is global, not local-first

Trading fee from

0.08% maker / 0.10% taker (standard Lv1 spot)

https://www.finder.com.au/cryptocurrency/exchanges/okx-exchange-review

AUD deposit

Free by Australian bank transfer - card deposits charged separately

https://www.okx.com/en-au/help/how-do-i-deposit-aud-with-bank-transfer

SMSF accounts

Yes - dedicated SMSF account with individual or corporate trustees

https://www.okx.com/en-au/help/self-managed-super-fund-smsf-faq

What it costs

Trading fees, subscriptions, deposits and withdrawals

Spot trading fee (standard)The rate a new verified account pays on the order book before any volume or OKB discount.

0.08% maker / 0.10% takerLv1 regular user

Fee tiersTwo separate ladders - a regular-user ladder driven by 30-day volume or OKB holdings, and a VIP ladder for larger traders. Upgrades apply automatically.

Tiered, no application neededLive table on the OKX fee page

Where the current schedule livesOKX publishes the full maker/taker matrix on one page and changes it without notice, so check it before sizing a trade.

okx.com/en-au/fees

AUD deposit feeBank transfer from an Australian bank account in your own name.

No OKX feeYour bank may still charge

AUD withdrawal feeWithdrawal to an Australian BSB and account number.

No OKX feeBank fees may apply

Crypto deposit feeSending coins in from another wallet or exchange.

Free

Crypto withdrawal feeOKX charges a per-asset network fee that moves with chain congestion. There is no flat published rate - the figure is shown on the withdrawal screen for the coin and amount you pick.

Variable network feeQuoted at withdrawal

Trading bot feeGrid, DCA, TWAP and Iceberg bots cost nothing to create - but every fill inside them pays the normal maker/taker fee, which compounds on high-frequency strategies.

Free to run, trades still charged

Limits and the costs that hide

Spreads, deposit caps and charges that do not appear on a fee page

Card deposit costVisa and Mastercard deposits are accepted from Australian-issued cards only. OKX does not publish a flat rate - it states fees vary by country of residence and are shown at checkout.

Not published upfrontDisclosed at deposit

AUD deposit and withdrawal capsLimits apply per transaction and per day, week or month, set to meet local regulation. The remaining allowance is shown against each payment method rather than published as a schedule.

Account-specific, shown in app

Raising your limitsYou request an increase under Manage Limits and answer four questions covering industry, source of funds, expected deposit size and reason. Free to lodge, and you can resubmit if refused.

Review within 1 business dayApproval not guaranteed

On-chain Earn service feeOKX takes a cut of staking and DeFi rewards. It is already netted out of the advertised APY, so the headline rate is what you receive, not the gross yield.

20% of rewardsBuilt into quoted APY

Rejected funding routesOnly local Australian banks work. Transfers from Wise, Revolut, other cross-border payment services or from a crypto exchange are bounced, as are any deposits not in your own name.

Third-party and offshore transfers rejected

Thin AUD order booksOnly nine pairs quote directly against AUD. Everything else routes through USDT or USDC, so you wear a conversion leg and its spread on top of the trading fee.

Most assets need a stablecoin hop

Withdrawal fee deduction methodDepending on your app version, the network fee comes out of your balance first or off the withdrawal amount itself - so the figure that lands can differ from the figure you typed.

Varies by app version

What you can trade

Assets, Australian dollar pairs, staking and derivatives

Direct AUD pairsBTC, ETH, SOL, XRP, USDT, USDC, TRUMP plus the two AUD stablecoins all quote against AUD.

9 AUD spot pairsObserved July 2026

AUD stablecoinsOKX listed Forte AUD (AUDF) and Macropod AUDM for spot trading, including AUDF/AUD and AUDM/AUD books.

AUDF and AUDM, listed 22 April 2026

Total assetsOKX Australia reported 285 tokens across 511 crypto pairs in its Responsibility Report, up from 85 tokens and 170 pairs at the May 2024 launch.

285 tokens / 511 pairsPer Responsibility Report

Derivatives for retail clientsRetail Australians can trade USDT-margined crypto perpetuals only, and only after passing suitability and knowledge assessments. Negative balance protection and disclosure documents apply.

Perpetuals at maximum 2:1After suitability and knowledge test

Derivatives for wholesale clientsFutures, options, perpetuals and margin trading sit behind the wholesale gate and trade on different leverage parameters to the retail book.

Full derivatives suiteWholesale clients only

Why leverage is cappedASIC's product intervention order limits retail CFD leverage to 2:1 where the underlying is a crypto-asset and mandates negative balance protection. It runs to 23 May 2027.

ASIC product intervention orderIn force to 23 May 2027

Staking and earnSimple Earn Flexible and Fixed plus On-chain Earn staking and DeFi are presented on the Australian site across 20-plus tokens, with rates quoted net of the 20% service fee.

Simple Earn and On-chain EarnAPYs vary by token

Auto Earn and Auto StakeThe automated yield feature bolted onto trading bots is explicitly excluded in Australia along with the EEA, the Americas, the UAE and several other markets.

Not available in Australia

How your assets are held

Custody, reserves, insurance and self-custody

Proof of reservesOKX has published a reserve snapshot every month since 2022. The 45th report landed in July 2026.

Monthly - 45th report, July 2026US$23.12bn in primary assets

Reserve ratiosThe latest snapshot shows each major asset over-collateralised rather than merely matched.

BTC 105%, ETH 103%, USDT 112%July 2026 report

Verification methodOKX moved from plain Merkle trees to zk-STARK proofs, which verify total balances, the absence of negative accounts and the inclusion of every user without exposing individual balances. An open-source validator is published so you can check your own inclusion.

zk-STARK, self-verifiableOpen-source validator

Assets covered by reservesThe monthly proof covers the most heavily traded assets, not the entire listed universe - long-tail tokens sit outside it.

22 assets

Cold storageOver 95% of client crypto is held in offline wallets, with under 5% in hot wallets for day-to-day withdrawals.

Over 95% offline

InsuranceOKX runs a self-funded security fund topped up from platform revenue. It is not an insurance policy, not a custodial protection scheme and not a guarantee - it does not cover your trading losses or a compromise of your own account.

Self-funded reserve, not insuranceNo government-backed cover

Self-custodyYou can leave assets in OKX custody or withdraw to your own wallet, including OKX's own non-custodial wallet.

Supported

Who can open an account

Entity types onboarded in Australia

Individual accountsStandard retail onboarding with identity verification for spot trading through the AUSTRAC-registered local entity.

Yes

SMSF accountsA dedicated SMSF account type, set up separately from any personal account, with wallets tagged and recorded in the name of the fund.

Yes - purpose-builtLaunched September 2025

SMSF trustee structuresBoth individual and corporate trustee structures are onboarded, subject to complete and valid documentation including the trust deed.

Individual and corporate trustees

SMSF onboardingApplication takes under 10 minutes online, then trustee verification and trust deed review. A valid SMSF bank account must exist before onboarding so deposits can be verified.

1-3 business daysSame-day possible

Company and trust accountsInstitutional onboarding covers privately owned companies, publicly traded companies, financial institutions, government-owned enterprises, funds, family offices, non-profits and trusts, under KYB verification.

Yes - 8 entity types

SMSF account accessDesigned around a single login. Multiple trustees nominate one authorised user rather than each holding their own credentials.

Single authorised user

Wholesale client testTo unlock futures, options and full margin you must show net assets of A$2.5 million or more, or gross income of A$250,000 or more in each of the last two financial years, or qualify as a sophisticated investor.

A$2.5m net assets or A$250k incomeCorporations Act 2001 (Cth)

Trading features

Order types, recurring buys, tooling and access

Trailing stopA take-profit or stop-loss whose trigger price follows the market, converting to a market order once hit.

Supported

TWAPSlices a large order into smaller parcels executed at set time intervals to limit market impact.

SupportedSpot for all, futures wholesale only

IcebergShows only a fraction of a large order at a time so the rest of the book cannot see your full size.

SupportedSpot for all, futures wholesale only

Grid and DCA botsSpot grid buys and sells across a defined price range - the DCA bot averages down on each fall and targets a profitable exit.

Both availableFree to create

Recurring buysDaily, weekly, fortnightly or monthly plans that execute at the same time you created them. Three consecutive failures pause the plan automatically.

Yes - mobile app onlyNot on web

Demo tradingA paper-trading mode using live market data and virtual funds, covering spot, margin, perpetuals, futures, options and strategies. Every user gets the same full access with no tiers.

YesWeb and app

API accessA documented REST and WebSocket v5 API covering trading, market data and account management, with demo-trading keys that do not expire.

Yes

Money in and out

Minimums, methods and settlement speed

AUD deposit methodBank transfer from an Australian bank account. You select the method in-app and are given the transfer details.

Australian bank transferLocal banks only

Card depositsVisa and Mastercard credit and debit cards issued by Australian banks. Funds are tradeable immediately on completion.

Yes - instantAustralian-issued cards only

AUD withdrawal methodPayout to an Australian BSB and account number in your own name.

BSB and account transfer

Withdrawal speedMost AUD withdrawals arrive near instantly. Your first one can take longer while your bank clears the new payee.

Near instantFirst withdrawal up to 1 business day

Slower transfer typesOKX warns some bank transfer types settle far more slowly depending on the method and your bank.

Up to 5 business daysWorst case

Name matchingThe name on your OKX account must match your bank account exactly. Third-party deposits are rejected outright, which rules out funding from a partner's or company account.

Strict - must match

Minimum deposit and trade sizeOKX does not publish an AUD minimum deposit or minimum trade size in its Australian help centre - the applicable figure appears on the deposit and order screens once you are logged in.

Not publishedShown in app

Tax and reporting

What you get at tax time, and what you do not

Transaction exportFull trade and order history exportable from Orders then Trade History then Export, as a CSV you feed into tax software.

CSV export

SMSF reportingSMSF accounts get downloadable transaction history in CSV or PDF, or via API, for auditors and accountants at end of financial year.

CSV, PDF or API

Tax software integrationsOKX promotes three third-party providers to Australian users, each of which can pull data by API key or CSV.

Koinly, CoinLedger, Crypto Tax Calculator

API-based tax syncKoinly connects to OKX by API key rather than manual upload, and can generate an ATO myTax report for Australian users.

SupportedATO myTax report

Built-in tax reportOKX itself does not produce an ATO-ready capital gains report. It hands you raw transaction data and points you at third-party tools to do the calculation.

No native tax reportThird parties do the work

Discount codesThe promoted 30% off codes for Koinly, CoinLedger and Crypto Tax Calculator carry expiry dates that have passed - treat the page as a list of integrations, not live offers.

Advertised offers expired

Historical data limitsAPI imports do not reach the full archive - transactions older than three years must be brought in by CSV upload instead.

API covers 3 yearsOlder data by CSV

Financial adviceOKX states plainly that it is not licensed to give financial or legal advice, including on SMSF compliance or whether crypto suits your fund.

None provided

Platform and support

Apps, account security and how you reach a human

AppsNative mobile apps plus desktop clients, alongside the browser platform.

iOS, Android, Windows, macOS

Live chatIn-app and web chat available around the clock in multiple languages, reachable under Profile then Support.

24/7Typically under 3 minutes

Email and ticketsTickets lodged through the help centre are answered in 2 to 24 hours - general email to support@okx.com typically takes 24 to 48 hours.

2-48 hours

Phone supportOKX does not publish a general customer service phone number, though phone support is offered as a channel for SMSF onboarding and platform navigation.

No general public numberSMSF onboarding by phone

Two-factor authentication2FA is available and is also the gate for disabling security settings such as the withdrawal allowlist. Biometric login and device session management are supported.

Supported

Withdrawal allowlistWith allowlist on, withdrawals can only go to saved addresses. A New Address Lock option blocks newly added addresses for 24 hours, and each new address needs email confirmation.

Yes, with 24-hour new-address lock

Anti-phishing codeA code you set that appears in every genuine OKX email, so a message without it is immediately identifiable as fake.

Supported

EducationOKX Learn hosts explainers on staking, derivatives, security and Australian-specific topics, alongside the help centre.

OKX Learn

Trust and regulation

The entity you are actually contracting with

Spot trading entityThe locally incorporated company you contract with for spot trading, registered with AUSTRAC as a digital currency exchange provider.

OKX Australia Pty LtdACN 636 269 040 / ABN 22 636 269 040

Derivatives entityA separate local company holding the financial services licence under which crypto derivatives are issued.

OKX Australia Financial Pty LtdACN 145 724 509 / ABN 14 145 724 509

Australian financial services licenceOKX does hold an AFSL, issued by ASIC, covering the derivatives business. Spot crypto trading sits outside the licence because it is not a financial product.

AFSL 379035Derivatives only

AUSTRAC registrationBoth Australian entities are registered with AUSTRAC, which brings AML and CTF obligations including identity verification and transaction monitoring.

Both entities registered

Australian launchOKX opened its Australian exchange in May 2024 with 85 tokens and 170 pairs, initially offering derivatives to wholesale clients only before adding the capped retail perpetuals product.

May 2024

Retail consumer protectionsRetail derivatives clients receive mandatory disclosure documents and negative balance protection, so losses cannot exceed the funds in the trading account.

Negative balance protectionRetail derivatives clients

Overseas enforcement historySeychelles-based affiliate Aux Cayes FinTech pleaded guilty in the US in February 2025 to operating an unlicensed money transmitting business, paying roughly US$505 million in fine and forfeiture and accepting an external compliance consultant. This concerned the global platform, not the Australian entities.

US$505m US guilty plea, Feb 2025Affiliate, not the AU entities

Australian enforcement historyNo ASIC enforcement action, infringement notice or licence condition against either Australian OKX entity was found in ASIC's published media releases as at July 2026.

None foundAbsence of record, not a clearance

Figures are read from OKX's own published schedules and disclosures. Crypto platforms change pricing and product availability often - click source on any row to check it yourself, and dispute anything that looks wrong.

Frequently asked questions

Is OKX registered in Australia?

Yes. OKX Australia Pty Ltd launched in 2024 and is AUSTRAC-registered, with PayID and local bank rails.

Can Australians trade futures on OKX?

Only as wholesale clients who pass the qualification process. Retail access is spot only.

How do its costs compare?

Among the lowest of any venue serving Australia: 0.08% maker and 0.10% taker on deep books, so effective costs stay close to headline fees.

Registrations, licences and product availability change. Check the current AUSTRAC Virtual Asset Service Provider Register and the platform's own disclosures before depositing. This page is general information only, not financial advice, and may contain modelled figures.

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