Is OKX custodial? Who holds your funds?
Yes. OKX is custodial: the venue holds your funds on your behalf.
Checked 2026-10-27 · 3 sources- Balances on the exchange are held by OKX. OKX publishes monthly Proof of Reserves reports (zk-STARK based) and says it keeps a 1:1 reserve ratio.
- With a custodial venue you rely on it to stay solvent and to honour withdrawals.
- We list 2 reported incidents for OKX on its legit check.
Sources: OKX Terms of Service (last updated 2026-10-22; contracting entities by region) · OKX US - Tax Center general FAQ (1099-DA, 1099-MISC) · CoinDesk - OKEx suspends withdrawals, key holder unavailable (2020-10-16). The venue's own page wins if it disagrees with ours.
OKX
Exchange · 0.2% round trip. OKX is a centralised crypto exchange, launched as OKEx in 2017, offering spot, perpetual and expiry futures, options, trading bots and earn products. The global schedule charges regular users 0.08% maker and 0.10% taker on spot and 0.02%/0.05% on futures. US residents use a separate platform run by OKX Inc. (not available in New York) whose fee page lists spot pairs only, at 0.20%/0.35% for regular users. In February 2025 the global operating entity pleaded guilty in the US to running an unlicensed money transmitting business.
Full OKX sheet: fees, custody, incidents →