If you’re looking for a Crypto.com Vs. OKX comparison, you’ve got to the right place. Both crypto exchanges offer innovative products, services, and trading tools. They also charge nominal fees and offer a wide range of passive income-yielding opportunities.
In this article, we’ll compare OKX and Crypto.com with respect to various parameters, including trading options and security features. We’ll also draw comparisons between their fee structures, referral programs, user experience, and customer support.
OKX vs Crypto.com: Overview Comparison
| Description | OKX | Crypto.com |
| Inception year | 2017 | 2016 |
| Headquarters | Seychelles | Singapore |
| Founders | Star Xu | Bobby Bao, Rafael Melo, and Kris Marshal. |
| User base | 60M+ | 150M+ |
| Geographic coverage | 100+ locations | 90+ locations |
| Native utility token | OKB | CRO |
| Supported cryptocurrencies | 297+ | 438+ |
| Trading features | Spot, derivatives, pre-market, margin, OTC, P2P, and copy trading. | Spot, futures, options, OTC, and margin trading. |
| Other key aspects | Bot marketplace and staking options. | Automated bots, staking/DeFi services, and prepaid Visa card. |
| Payment options | 100+ payment methods, including bank transfer and third-party channels such as Zen and Revolut. | Bank transfers, credit/debit cards, SEPA, and Google/Apple Pay. |
| Security | Multi-signature systems, hot and cold wallets, multi-layer risk audits, withdrawal whitelists, proof-of-reserves, penetration testing, and role-based data access. | Multi-party computation, proof-of-reserves, withdrawal whitelisting, multi-factor authentication, Passkeys, HSMs, and FIDO2. |
| Regulatory Compliance |
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| Mobile app rating | Google Play: 4.4/5
Apple: 4.6/5 |
Google Play: 3.4/5
Apple: 4.7/5 |
What is OKX?
OKX is a leading cryptocurrency exchange in terms of trading volumes. It is known for its copy trading feature, institutional services, economical fees, and advanced tools. Launched in 2017, OKX aims to stimulate crypto adoption and harness blockchain technology to redefine financial systems globally.
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Unique Features of OKX
- Copy trading: OKX facilitates spot and futures copy trading, enabling you to replicate the strategies of expert investors. If you’re onboarded as a lead trader, you’ll enjoy a 30% profit-sharing ratio. You’ll also get exclusive benefits like 24/7 tailored support, access to global communities, and loss protection vouchers for followers.
- Smart bots: OKX offers a variety of pre-programmed bots to help you earn profits 24/7. They’re automated tools tailored to various conditions, including bullish, bearish, and sideways markets. The platform also provides slicing bots, such as iceberg and TWAP, to split large orders and minimize slippage. Furthermore, OKX has a signal marketplace, where you can subscribe to AI-powered buy/sell signals.
- Pre-market perpetuals: It is an over-the-counter(OTC) platform that allows you to trade perpetual contracts for emerging coins before they’re officially listed.
- Jumpstart: Whether you’re an investor or a project developer, the Jumpstart platform helps you access/launch new and high-quality crypto projects.
- Nitro spreads: It is a liquid marketplace for institutional investors, enabling them to trade futures spreads, option strategies, and spot OTC instantly. Businesses can save up to 50% in trading costs and execute transactions at desired prices.
What is Crypto.com?
Crypto.com is a premium cryptocurrency exchange with a broader range of innovative offerings, including thematic baskets and exotic option contracts. It also enables you to buy/sell 400+ cryptocurrencies, including popular coins such as Bitcoin, Solana, and Ethereum. Other notable features of Crypto.com are tier-based Visa cards, prediction markets, and high APRs.
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Unique features of Crypto.com
- CFTC-regulated crypto derivatives: Crypto.com offers strike and up-down options, regulated by the Commodity Futures Trading Commission, an independent agency of the US government.
- Strike options: These option contracts require you to predict a simple “Yes” or “No” regarding the potential price movements of the underlying cryptocurrency. You must forecast whether the asset price will be above or below the strike price. Usually, if traders think the price will be lower, they buy the underlying token. If not, they sell. You can trade strike options with just $10 and exit your position at any time.
- UpDown options: These contracts terminate automatically when the underlying cryptocurrency’s price crosses the pre-defined barrier prices (ceiling/floor rates). The ceiling price serves as the take-profit level, while the floor price acts as the stop-loss limit. Simply put, updown options come with built-in protection. Generally, traders go long if they believe a cryptocurrency’s price will rise, and vice versa.
- Block trading: For businesses, institutions, and VIP traders, Crypto.com facilitates OTC trading. It provides comprehensive liquidity across 500+ pairs, end-of-day settlements, slim spreads, and zero charges.
- Crypto baskets: Crypto.com offers 33 thematic baskets and an AI builder to create your own portfolio. These baskets also come with auto-rebalancing and recurring buy features.
OKX vs Crypto.com: Trading Instruments and Tools
| Trading instrument | OKX | Crypto.com |
| Convert | ✔ | ✖ |
| Spot trading | ✔ | ✔ |
| Futures trading | ✔ | ✔ |
| Options trading | ✔ | ✔ |
| Pre-market trading | ✔ | ✖ |
| Over-the-counter trading | ✔ | ✔ |
| NFT marketplace | ✔ | ✔ |
| Trading tools | OKX | Crypto.com |
| Automated bots | ✔ | ✔ |
| Copy trading | ✔ | ✔ |
| TradingView Integration | ✔ | ✔ |
Crypto.com vs OKX: Additional Features
Crypto.com
- Staking services: Crypto.com allows traders to lock up their crypto holdings in DeFi staking or lending protocols to earn passive income. You can supply your coins for fixed/flexible periods and enjoy rewards proportional to the locked amount.
Moreover, the platform enables you to deposit your tokens on proof-of-stake blockchains to create validator nodes. Upon successfully verifying transactions in a block, validators in a node receive rewards.
Additionally, your cryptocurrencies are staked to the best-performing validators and preserved in separate wallets. Overall, Crypto.com’s on-chain staking helps you earn high APRs of up to 19.07% p.a.
- Spot and futures trading: Crypto.com enables you to trade over 438 cryptocurrencies, 633 spot pairs, and 574 futures pairs. For spot trades, you can get up to 10x leverage. Conversely, you can receive up to 20x leverage for futures contracts.
- Trading bots: If you’re seeking automated tools to make profits despite market fluctuations, Crypto.com’s bots are worth exploring. It offers DCA, TWAP, grid, and arbitrage bots.
OKX
- Position builder: It is a simulated environment that helps you practice futures and options trading before investing real funds.
- Spot and derivatives trading: OKX supports 297+ cryptocurrencies, 705+ spot pairs, and 448+ futures pairs, including perpetual and expiry contracts. You can use up to 10x leverage for spot transactions and up to 125x for contract trading. Besides, OKX allows you to trade USD-settled Bitcoin and Ethereum options.
- Earn: You can stake 100+ cryptocurrencies, including stablecoins, and earn daily rewards. Currently, OKX offers three staking products: Simple Earn (fixed and flexible), Dual Investment, and On-chain Earn (ETH and SOL staking). Additionally, it provides a VIP-exclusive and principal-protected product, BTC+ Yield. It helps you generate steady net annual returns in Bitcoin.
- Crypto loans: The OKX platform allows you to borrow overcollateralized loans at floating interest rates with flexible terms.
OKX Vs. Crypto.com: Fee Structures
| Particulars | OKX | Crypto.com |
| Spot trading |
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0.25% maker, 0.5% taker |
| Derivatives trading | Same as spot fees. | 0.02% maker, 0.04% taker |
| Trading fee discounts for native token owners or stakers. | No fee rebates for OKB holders. | No maker fees; 12% off on taker fees. |
| Fees for VIP/high-volume traders | Traders with volumes over $5M or USD balance over $1M qualify for VIP fees; the VIP maker and taker fees start from 0.045% and 0.05%. | Traders with volumes over $2.5 million qualify for VIP fees; the VIP maker and taker fees start from 0.065% and 0.1%. |
| Deposit fees | Free | Free |
| Withdrawal fees | Depends on the coin and blockchain you choose. | Depends on the coin and network you choose. |
| Margin interest rates | Vary based on the chosen fiat/cryptocurrency and your VIP tier. | Vary based on the chosen fiat/cryptocurrency and your CRO balance. |
Crypto.com Vs. OKX: Coins Supported and Trading Volumes
| Particulars | Crypto.com | OKX |
| Supported cryptocurrencies | 438+ | 297+ |
| Spot pairs | 633+ | 705+ |
| Futures pairs | 574+ | 448+ |
| Option trading pairs | – | 2 (BTCUSD and ETHUSD) |
| Liquidity and trading volumes | Often features among the top 10 centralized exchanges. | Frequently features among the top 5 cryptocurrency trading platforms. |
Crypto.com Vs. OKX: Security Features
Crypto.com
- Proof-of-reserves (PoR): Crypto.com maintains institutional-grade reserve accounts, comprising 1:1 backups for customer funds. These reserves are audited by independent third-party firms and are published on the PoR verification page.
- Industry-leading security: The exchange follows a secure software development cycle. Its software is peer-reviewed and utilizes numerous static and dynamic source code analysis tools.
Moreover, user accounts are safeguarded using Passkeys, HSMs, FIDO2, etc., and MFA methods like biometrics and passcodes. Furthermore, Crypto.com’s core blockchain systems are audited and stress-tested by renowned firms like Kudelski Security.
OKX
- Hot and cold wallets: OKX has designed a multi-signature mechanism to protect user funds from insider threats and single points of compromise. The exchange also stores a majority of customer assets in cold storage to safeguard them from cyber attacks. Moreover, it retains a small portion of your crypto holdings in hot wallets to enhance transaction efficiency.
Furthermore, OKX has implemented powerful safety measures like semi-offline signatures and multiple backups for private keys. Plus, private keys are stored in the volatile memory of semi- offline devices.
- Proof-of-reserves: OKX ensures that customer deposits are backed 1:1 by actual virtual assets. It maintains a 1:1 reserve ratio and publicly discloses monthly PoR reports and on-chain wallet holdings.
- OKX Protect: Apart from standard measures like 2FA, device management, anti-phishing code, and withdrawal whitelisting, OKX has implemented additional account security features. These include Eagle Eye deepfake detection, OCR, machine translation to identify fraud, DDoS protection, SkyNet, data encryption, and automated backups.
OKX vs Crypto.com: Affiliate & Referral Programs
| Particulars | OKX | Crypto.com |
| Referral rewards | Free crypto and fee rebates. |
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| Referral program eligibility conditions. | Referees should register using your unique referral code/link and complete advanced identity verification and designated tasks. | Invitees must sign up using your code/link, complete advanced KYC verification, and lock up at least $1,000 in CRO. |
| Affiliate program commission | Up to 50% commission in USDT from each trade your invitees execute. | Up to 50% commission from your referees’ trading fees. |
| Affiliate eligibility criteria | Influencers and content creators. | Key opinion leaders, affiliate networks/platforms, finance/crypto publishers, influencers, content creators, media outlets, and community leaders. |
| Exclusive affiliate perks | Dedicated 24/7 customer support, real-time performance tracking and market insights, sub-affiliate partnerships, and one-on-one chats with referees. | Daily USDC payouts, customized campaign building, sub-affiliate collaborations, 24/7 priority support, and special event access. |
Crypto.com vs OKX: User Experience & Customer Support
The Crypto.com and OKX mobile apps are compatible with iOS and Android devices. Both platforms enjoy high user ratings of over 4/5 on App Store. However, Crypto.com has garnered lower ratings of 3.4/5 on Google Play. On review sites like Trustpilot and Reddit, both exchanges have received negative feedback.
In general, users experienced problems with withdrawals and sudden account suspensions on OKX and Crypto.com. Many are also unsatisfied with the quality of customer service rendered by the two platforms over e-mail and live chat.
Additionally, many OKX customers found the exchange’s KYC verification process overwhelming. Conversely, Crypto.com users are unhappy with the platform’s hidden costs and vague welcome bonus rules. Some users also reported difficulties receiving cashback rewards when spending crypto using its Visa card.
Conclusion
Crypto.com and OKX stand out among many competitors for their robust security measures, providing peace of mind to traders. Their detailed learning resources, encompassing investor guides, market analyses, and explainer blogs, educate users and help them trade with confidence. Overall, despite their shortcomings, both platforms offer multiple advantages and cater to newcomers and professional traders alike.
FAQs
Is Crypto.com a trusted cryptocurrency exchange?
Crypto.com has implemented various safety measures like multi-factor authentication, proof-of-reserves, and multi-party computation to protect private keys. It also possesses ISO, IEC, SOC, and PCI:DSS certifications. However, it doesn’t have a zero breach security record. It was hacked in January 2022, causing losses of over $34 million. Hence, even if Crypto.com is overall trustworthy, you must exercise caution and adopt proper risk management strategies.
What are the unique features of Crypto.com vs OKX?
Crypto.com has a more extensive range of unique features than OKX. These include CFTC-regulated strike and UpDown options, prediction markets, tier-based Visa card program, and crypto baskets. For project creators and institutional traders, OKX offers cutting-edge features such as Jumpstart and Nitro spreads.
Between Crypto.com Vs OKX, which platform is better for new traders?
While OKX has beginner-friendly features like position builder and copy trading, its user interface is more complex for newcomers. Thus, Crypto.com is better, especially for novice traders who want to execute spot trades.
Which exchange charges lower fees: Crypto.com vs OKX?
If you want to transact in the spot market or trade large volumes, OKX is cheaper. For futures trading, Crypto.com charges lower fees. Besides, you’ll also enjoy discounts if you hold CRO tokens.
