OKX vs Coinbase: Discover Which Exchange We Crowned Winner! 🔥

When it comes to trading fees, OKX and Coinbase take quite different approaches. OKX offers some of the lowest fees in the industry, with a spot maker fee of just 0.08% and a spot taker fee of 0.10%.

Futures trading fees are also very competitive, with a maker fee of 0.02% and a taker fee of just 0.05%. Even better, OKX offers trading discounts for users who hold a minimum of 500 OKB tokens or whose monthly trading volume exceeds $10,000,000.

Coinbase charges much trading higher fees with a spot maker fee of 0.40% and a spot taker fee of 0.60%. While they don't offer futures trading, Coinbase does allow users to lower their fees if monthly trade volumes exceed $10,000.

Overall, if you're looking for low fees and the ability to lower them through various means, OKX is the clear winner.

When it comes to depositing funds into OKX or Coinbase, there are some differences in the options available.

Let's start with Coinbase which allows users to deposit funds using three fiat currencies, USD, EUR, and GBP. Users can make a deposit via ACH (which is free), wire transfer (which incurs a $10 USD fee), SEPA (which has a 0.15 EUR fee), or Swift (which is free). So, whether you're in the United States, Europe, or the UK, you have several ways to add funds to your Coinbase account.

On the other hand, OKX does not support depositing any fiat currencies. Instead, users must either deposit cryptocurrencies to trade or use a credit or debit card and buy from a third-party payment provider.

This can come with a fee ranging from 1-2%. While this may be a downside for some users, OKX still offers a variety of cryptocurrency deposit options as well. But, if you're looking for an exchange that supports fiat deposits, Coinbase is the clear winner.

When it comes to withdrawing fiat currencies, OKX unfortunately does not offer this option to their users.

However, if you're looking to withdraw your cryptocurrencies from OKX, you'll be happy to know that they have relatively low withdrawal fees. For example, the BTC withdrawal fee is only 0.0002 BTC, the ETH withdrawal fee is 0.00061, and the SOL withdrawal fee is 0.008.

On the other hand, Coinbase has a variety of fiat withdrawal methods available to their users. Users can withdraw USD via ACH, Wire, SEPA, and Swift, as well as EUR and GBP via bank transfer.

The fees for these withdrawals are also fairly reasonable, with ACH withdrawals being free and Wire withdrawals only costing $25 USD.

When it comes to cryptocurrency withdrawals, Coinbase also has low fees, with only a 0.0001 BTC withdrawal fee for Bitcoin and free ETH withdrawals. However, if you're looking to withdraw USDT, keep in mind that there is a $3 fee.

After analysing the data on OKX and Coinbase, it's clear that both platforms have their strengths and weaknesses. In terms of user base, Coinbase has a significant advantage with over 100 million registered users, compared to OKX's 20 million.

OKX is however the more versatile exchange and provides access to more trading products with leverage up to 100X. For intermediate users and more advanced traders, OKX is an excellent choice.

While Coinbase offers less product and services than OKX, they emphasise simplicity by making it for it's users to buy and sell cryptocurrencies in a beginner friendly manner.

Having said that, we are also impressed with the UX of OKX which is great considering how many products they offer. When it comes to fees, Coinbase charges a higher transaction fee of 0.4% for makers compared to 0.8% on OKX.

In terms of liquidity, OKX has a larger trading volume with an average of $1.5 billion per day while Coinbase's average daily trading volume is around $1 billion.

While we like and use both OKX and Coinbase, we have to give the edge to OKX as the exchange offers a wider range of cryptocurrencies, lower trading fees, more products and features and high leverage.