OKX vs Nexo

OKX vs Nexo Comparison Table 2023
OKX Review 2023	Nexo Review 2023
Review 4.1	Review 3.9 Nexo is #21 in our crypto broker rankings.
Traders from US not accepted See available crypto brokers	Traders from US accepted
OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.	Nexo is a crypto trading platform that also acts as a gateway to DeFi crypto functions such as staking, borrowing and lending. The platform supports 60+ crypto tokens, which can be purchased with a fiat on-ramp and traded in 500+ market pairs. The exchange operates a zero-fee policy allowing a set number of completely free withdrawals per month and fee-free trading.
Bonus Offer
$10 in BTC	Loyalty scheme with various bonuses, plus referral program
Comment by Reviewer
"OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots."	"Nexo is good for traders who want a straightforward way to access DeFi crypto markets and earn interest on their digital assets."
Pros
Historical market data for spot and futures combining OHLC data, aggregate trades and trading history Excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority Impressive range of blockchain products, including DeFi services, NFTs and games, alongside established and emerging coins Vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively Wide range of trading products, including futures, options and perpetual swaps Crypto staking and pools available with competitive mining fees from 2% Free mobile app or web-accessible desktop platform Lightning network for faster BTC payments 400+ leading and emerging tokens Unified account for consolidation	Convenient way to buy, stake, lend and borrow crypto through one platform Allows users to borrow against their crypto holdings 2 factor authentication for added security Advanced Nexo Pro trading platform Referral program with $25 in BTC Very affordable pricing structure High-yield interest savings OTC trading capabilities Audited by Armanino Earn NEXO tokens
Cons
Withdrawal fees on some cryptos Limited regulatory oversight Inconsistent customer support	Restrictions on using the native tokens for New York and Vermont US residents High collateral requirement of 200% of the amount you wish to loan Relatively small selection of crypto tokens which misses newer altcoins Native tokens are required for maximum interest rates Limited free cryptocurrency withdrawals No crypto derivative trading
Instruments
Spot, futures, perpetual swaps, options	Cryptos
Demo Account
Yes	Yes
Minimum Deposit
10 USDT	$10
Trading Platforms
AlgoTrader	Own
Payment Methods
Apple Pay Banxa Bitcoin Payments Credit Card Ethereum Payments Google Wallet Mastercard PayPal Simplex Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card
Minimum Trade
Variable	$30
Regulator
VARA	ASIC, FCEN
Margin Trading
Yes	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
Yes	No
Spot Trading
Yes	No
Mobile Apps
Android & iOS	iOS & Android
Auto Trading
Yes
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD EUR GBP INR JPY SGD RUB AED SAR	USD EUR GBP
Cryptocurrency
OKX offers a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions.	Nexo traders can buy and sell 60+ cryptocurrencies using fiat, or trade between 500+ market pairs. The app functions as a crypto wallet, meaning that clients will own their own tokens but Nexo will have custody of them. Crypto assets can be transferred from the Nexo wallet. Fees are low and user security is high.
Spread
Variable	N/A
Coins
BTC XCH ETH OKB OKT LTC DOT ADA DOGE XRP USDT ICP BCH LINK XLM ETC MATIC THETA UNI TRX EOS FIL XMR NEO USDC AAVE SHIB LUNA KSM BSC ATOM IOTA ALGO XTZ CRO MKR BTT CEL LEO WBTC WAVES KLAY DASH XEM COMP SNX ZEC DCR SUSHI SOL EGLD DAI BTG ZEN NANO KISHU	BTC ETH NEXO USDT USDC AXS RUNE MATIC DOT APE AVAX KSM ATOM FTM NEAR BNB ADA SOL XRP LTC LINK BCH TRX XLM EOS PAXG UNI DOGE MANA SAND GALA SUSHI AAVE CRV MKR 1INCH DAI USDP TUSD
Crypto Lending
Yes	Yes
Crypto Mining
Yes	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

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