OKX
Centralized exchange- Spot fee
- —
- Coins with a halal verdict
- 3
- of those listed here
- Available in
- 15 of 19
- countries we track
- Checked
- Sep 27, 2026
Reliability
6.7/ 10
Score updated
- Proof of reserves7.0
- Licences8.0
- Incident history6.0
- Segregation of funds5.0
- Insurance fund5.0
- Security practices9.0
Liberandum halal verdict
Suitable with care
OKX is a large exchange with monthly proof of reserves and licences in the EU and Dubai, but it has no Islamic account and no Shariah screening of listed tokens. Muslim users can use its spot market with full settlement, while avoiding margin, futures, options, loans and fixed-yield Earn products.
Use
- Spot trading
- Convert (instant swap)
Avoid
- Margin, futures, options
- Loans, Earn, structured products
More details
Spot trading on OKX settles immediately and in full, which meets the conditions for a valid exchange of assets (AAOIFI Shariah Standard 1 on trading in currencies and Standard 20 on commodity sales: immediate delivery, no deferred leg). The same platform prominently offers margin trading, perpetual futures, options, crypto loans and interest-style Earn/Savings products. Margin and loans involve interest (riba); futures and options are contracts on assets that are not delivered and carry excessive uncertainty (gharar), so they fail AAOIFI standards; fixed-yield lending and savings products are riba. OKX does not offer an Islamic or swap-free account, a Shariah-certified earn product or a Shariah-screened token catalogue, so each coin must be checked separately. Reliability is moderate to good (6.7/10). OKX has published monthly proof of reserves since November 2022, using zk-STARK liability proofs since March 2023; the September 2026 report (47th) shows reserve ratios of 109% BTC, 101% ETH, 105% USDT and 100% USDC, but it is self-published rather than attested by an auditor. OKX Europe holds a MiCA CASP authorisation from Malta's MFSA and OKX Middle East holds a Dubai VARA VASP licence (September 2024). The main negative is regulatory: in February 2025 the OKX operating entity Aux Cayes FinTech pleaded guilty in the US to operating an unlicensed money transmitting business and agreed to pay over USD 500 million; Malta's FIAU fined OKCoin Europe EUR 1,054,269 for AML breaches in April 2025, and the Dutch central bank fined OKX EUR 2.25 million for operating without registration in September 2025. No loss of customer funds has been reported in the last five years. Availability: OKX's official list of Restricted Locations (updated July 2026) includes Malaysia and Uzbekistan among Muslim-majority markets, and in the UK derivatives, CeFi and P2P services are restricted. Gulf, North African and South Asian users are generally served by the Seychelles entity without a local licence, except UAE users, who are served by the VARA-licensed OKX Middle East.
How to use OKX the halal way
What is allowed and what to avoid on this exchange
- Allowed
Spot
Trade settles immediately and in full
- Allowed
Convert
Convert also settles immediately
- With care
Staking
No Shariah-certified staking
- Avoid
Savings and Earn
Earn/Savings pay fixed yield
- Avoid
Margin
Trading with borrowed money
- Avoid
Futures and options
Futures, perpetual swaps, options
- Avoid
Loans
Interest-bearing crypto loans
- Avoid
Structured products
Leveraged and structured products
No dedicated halal product
OKX does not offer an Islamic (swap-free) account or a Shariah-certified earn or staking product as of September 2026. No Shariah board, certificate or fatwa for any OKX product was found on the OKX website or in reputable sources.
No token screening
OKX does not screen listed tokens for Shariah compliance and has no Shariah-screened catalogue. Its listing reviews and risk warnings cover fraud and technical risk, not Islamic criteria, so every coin must be checked separately before buying.
Step by step
How to trade halal on OKX
Open an account and pass KYC
Register on okx.com or the OKX app and complete identity verification (ID and selfie). UAE residents are onboarded by OKX Middle East, EEA residents by OKX Europe; this decides which products and fiat rails you see.
Deposit without interest-bearing products
Use Assets > Deposit for crypto, or Buy crypto (Express or P2P) for fiat. Keep funds in the Funding or Trading account and do not move them into Earn, Simple Earn, Savings or Loan products, which pay or charge interest.
Check the coin first
Before buying, check the coin's halal status on Liberandum. OKX does not screen tokens for Shariah compliance, so a coin being listed says nothing about its permissibility.
Buy on the spot market only
Use Trade > Spot or Trade > Convert, where the trade settles immediately in full. Keep the spot account in simple (non-margin) mode and do not enable auto-borrow.
Avoid prohibited products
Do not use Trade > Margin, Futures, Perpetual swaps, Options, leveraged or structured products, Copy trading of derivatives, Loan, or fixed-yield Earn. These involve interest, undelivered contracts or excessive uncertainty.
Withdraw to self-custody
For long-term holding, use Assets > Withdraw to move coins to a wallet you control, and enable 2FA, passkey and a withdrawal address allowlist in the security settings.
Availability
Where OKX serves users and under which licence
Your country:Choose your country
- BHBahrain
- BDBangladesh
- EGEgypt
- EUEuropean Union
- IDIndonesia
- JOJordan
- KZKazakhstan
- KWKuwait
- MYMalaysia
- MAMorocco
- NGNigeria
- OMOman
- PKPakistan
- QAQatar
- SASaudi Arabia
- AEUnited Arab Emirates
- GBUnited Kingdom
- USUnited States
- UZUzbekistan
- AFAfghanistanno data
- AXÅland Islandsno data
- ALAlbaniano data
- DZAlgeriano data
- ASAmerican Samoano data
- ADAndorrano data
- AOAngolano data
- AIAnguillano data
- AQAntarcticano data
- AGAntigua & Barbudano data
- ARArgentinano data
- AMArmeniano data
- AWArubano data
- AUAustraliano data
- ATAustriano data
- AZAzerbaijanno data
- BSBahamasno data
- BBBarbadosno data
- BYBelarusno data
- BEBelgiumno data
- BZBelizeno data
- BJBeninno data
- BMBermudano data
- BTBhutanno data
- BOBoliviano data
- BABosnia & Herzegovinano data
- BWBotswanano data
- BVBouvet Islandno data
- BRBrazilno data
- IOBritish Indian Ocean Territoryno data
- VGBritish Virgin Islandsno data
- BNBruneino data
- BGBulgariano data
- BFBurkina Fasono data
- BIBurundino data
- KHCambodiano data
- CMCameroonno data
- CACanadano data
- CVCape Verdeno data
- BQCaribbean Netherlandsno data
- KYCayman Islandsno data
- CFCentral African Republicno data
- TDChadno data
- CLChileno data
- CNChinano data
- CXChristmas Islandno data
- CCCocos (Keeling) Islandsno data
- COColombiano data
- KMComorosno data
- CGCongo - Brazzavilleno data
- CDCongo - Kinshasano data
- CKCook Islandsno data
- CRCosta Ricano data
- CICôte d’Ivoireno data
- HRCroatiano data
- CUCubano data
- CWCuraçaono data
- CYCyprusno data
- CZCzechiano data
- DKDenmarkno data
- DJDjiboutino data
- DMDominicano data
- DODominican Republicno data
- ECEcuadorno data
- SVEl Salvadorno data
- GQEquatorial Guineano data
- EREritreano data
- EEEstoniano data
- SZEswatinino data
- ETEthiopiano data
- FKFalkland Islands (Islas Malvinas)no data
- FOFaroe Islandsno data
- FJFijino data
- FIFinlandno data
- FRFranceno data
- GFFrench Guianano data
- PFFrench Polynesiano data
- TFFrench Southern Territoriesno data
- GAGabonno data
- GMGambiano data
- GEGeorgiano data
- DEGermanyno data
- GHGhanano data
- GIGibraltarno data
- GRGreeceno data
- GLGreenlandno data
- GDGrenadano data
- GPGuadeloupeno data
- GUGuamno data
- GTGuatemalano data
- GGGuernseyno data
- GNGuineano data
- GWGuinea-Bissauno data
- GYGuyanano data
- HTHaitino data
- HMHeard & McDonald Islandsno data
- HNHondurasno data
- HKHong Kongno data
- HUHungaryno data
- ISIcelandno data
- INIndiano data
- IRIranno data
- IQIraqno data
- IEIrelandno data
- IMIsle of Manno data
- ILIsraelno data
- ITItalyno data
- JMJamaicano data
- JPJapanno data
- JEJerseyno data
- KEKenyano data
- KIKiribatino data
- KGKyrgyzstanno data
- LALaosno data
- LVLatviano data
- LBLebanonno data
- LSLesothono data
- LRLiberiano data
- LYLibyano data
- LILiechtensteinno data
- LTLithuaniano data
- LULuxembourgno data
- MOMacaono data
- MGMadagascarno data
- MWMalawino data
- MVMaldivesno data
- MLMalino data
- MTMaltano data
- MHMarshall Islandsno data
- MQMartiniqueno data
- MRMauritaniano data
- MUMauritiusno data
- YTMayotteno data
- MXMexicono data
- FMMicronesiano data
- MDMoldovano data
- MCMonacono data
- MNMongoliano data
- MEMontenegrono data
- MSMontserratno data
- MZMozambiqueno data
- MMMyanmar (Burma)no data
- NANamibiano data
- NRNauruno data
- NPNepalno data
- NLNetherlandsno data
- NCNew Caledoniano data
- NZNew Zealandno data
- NINicaraguano data
- NENigerno data
- NUNiueno data
- NFNorfolk Islandno data
- KPNorth Koreano data
- MKNorth Macedoniano data
- MPNorthern Mariana Islandsno data
- NONorwayno data
- PWPalauno data
- PSPalestineno data
- PAPanamano data
- PGPapua New Guineano data
- PYParaguayno data
- PEPeruno data
- PHPhilippinesno data
- PNPitcairn Islandsno data
- PLPolandno data
- PTPortugalno data
- PRPuerto Ricono data
- RERéunionno data
- RORomaniano data
- RURussiano data
- RWRwandano data
- WSSamoano data
- SMSan Marinono data
- STSão Tomé & Príncipeno data
- SNSenegalno data
- RSSerbiano data
- SCSeychellesno data
- SLSierra Leoneno data
- SGSingaporeno data
- SXSint Maartenno data
- SKSlovakiano data
- SISloveniano data
- SBSolomon Islandsno data
- SOSomaliano data
- ZASouth Africano data
- GSSouth Georgia & South Sandwich Islandsno data
- KRSouth Koreano data
- SSSouth Sudanno data
- ESSpainno data
- LKSri Lankano data
- BLSt. Barthélemyno data
- SHSt. Helenano data
- KNSt. Kitts & Nevisno data
- LCSt. Luciano data
- MFSt. Martinno data
- PMSt. Pierre & Miquelonno data
- VCSt. Vincent & Grenadinesno data
- SDSudanno data
- SRSurinameno data
- SJSvalbard & Jan Mayenno data
- SESwedenno data
- CHSwitzerlandno data
- SYSyriano data
- TWTaiwanno data
- TJTajikistanno data
- TZTanzaniano data
- THThailandno data
- TLTimor-Lesteno data
- TGTogono data
- TKTokelauno data
- TOTongano data
- TTTrinidad & Tobagono data
- TNTunisiano data
- TRTürkiyeno data
- TMTurkmenistanno data
- TCTurks & Caicos Islandsno data
- TVTuvaluno data
- UMU.S. Outlying Islandsno data
- VIU.S. Virgin Islandsno data
- UGUgandano data
- UAUkraineno data
- UYUruguayno data
- VUVanuatuno data
- VAVatican Cityno data
- VEVenezuelano data
- VNVietnamno data
- WFWallis & Futunano data
- EHWestern Saharano data
- YEYemenno data
- ZMZambiano data
- ZWZimbabweno data
- Country not found
Choose your country to see availability
Available in United Arab Emirates
- Licence
- OKX Middle East Fintech FZE, VASP licence VL/23/12/003 from Dubai VARA, issued 17 September 2024; some activities under time-limited VARA approvals.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Saudi Arabia
- Licence
- No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Qatar
- Licence
- No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles). Qatar's central bank restricts crypto services, so check local rules.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Kuwait
- Licence
- No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Bahrain
- Licence
- No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Oman
- Licence
- No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Jordan
- Licence
- No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Egypt
- Licence
- No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Morocco
- Licence
- No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Indonesia
- Licence
- No local licence found; not on OKX's restricted list as of July 2026.
- KYC
- Full KYC (ID + selfie) required before trading.
Not available in Malaysia
- Licence
- Malaysia is on OKX's list of Restricted Locations (Risk & Compliance Disclosure, July 2026).
- KYC
- Not applicable.
Available in Pakistan
- Licence
- No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Bangladesh
- Licence
- No local licence. Not on OKX's official restricted list (July 2026); some third-party trackers list Bangladesh as restricted, but OKX's own list takes precedence here.
- KYC
- Full KYC (ID + selfie) required before trading.
Available in Kazakhstan
- Licence
- No local licence found; served by the global entity.
- KYC
- Full KYC (ID + selfie) required before trading.
Not available in Uzbekistan
- Licence
- Uzbekistan is on OKX's list of Restricted Locations (July 2026).
- KYC
- Not applicable.
Available in Nigeria
- Licence
- No local licence. Not on OKX's official restricted list (July 2026); some third-party trackers list Nigeria as restricted, but OKX's own list takes precedence here.
- KYC
- Full KYC (ID + selfie) required before trading.
Restricted in United Kingdom
- Licence
- OKX's Restricted Locations list restricts its derivatives, CeFi and P2P services for the United Kingdom.
- KYC
- Full KYC (ID + selfie) required before trading.
Restricted in United States
- Licence
- Served by OKX INC. (Delaware) in its approved US operating locations after the April 2025 US expansion; certain US jurisdictions, including territories, are restricted.
- KYC
- Full KYC (ID + selfie) required before trading.
- Local currency
- USD
Available in European Union
- Licence
- OKX Europe Limited (Malta), MiCA CASP authorisation from Malta's MFSA, passported to approved EEA locations.
- KYC
- Full KYC (ID + selfie) required before trading.
- Local currency
- EUR
- AEUnited Arab EmiratesAvailable
OKX Middle East Fintech FZE, VASP licence VL/23/12/003 from Dubai VARA, issued 17 September 2024; some activities under time-limited VARA approvals.
- SASaudi ArabiaAvailable
No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- QAQatarAvailable
No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles). Qatar's central bank restricts crypto services, so check local rules.
- KWKuwaitAvailable
No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- BHBahrainAvailable
No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- OMOmanAvailable
No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- JOJordanAvailable
No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- EGEgyptAvailable
No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- MAMoroccoAvailable
No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- IDIndonesiaAvailable
No local licence found; not on OKX's restricted list as of July 2026.
- MYMalaysiaUnavailable
Malaysia is on OKX's list of Restricted Locations (Risk & Compliance Disclosure, July 2026).
- PKPakistanAvailable
No local licence; served by Aux Cayes FinTech Co. Ltd (Seychelles).
- BDBangladeshAvailable
No local licence. Not on OKX's official restricted list (July 2026); some third-party trackers list Bangladesh as restricted, but OKX's own list takes precedence here.
- KZKazakhstanAvailable
No local licence found; served by the global entity.
- UZUzbekistanUnavailable
Uzbekistan is on OKX's list of Restricted Locations (July 2026).
- NGNigeriaAvailable
No local licence. Not on OKX's official restricted list (July 2026); some third-party trackers list Nigeria as restricted, but OKX's own list takes precedence here.
- GBUnited KingdomRestricted
OKX's Restricted Locations list restricts its derivatives, CeFi and P2P services for the United Kingdom.
- USUnited StatesRestricted
Served by OKX INC. (Delaware) in its approved US operating locations after the April 2025 US expansion; certain US jurisdictions, including territories, are restricted.
- EUEuropean UnionAvailable
OKX Europe Limited (Malta), MiCA CASP authorisation from Malta's MFSA, passported to approved EEA locations.
Presence by country
- AEUnited Arab EmiratesOKX Middle East Fintech FZE: Dubai VARA VASP licence VL/23/12/003, issued 17 September 2024.Licensed
- SASaudi ArabiaServed by the Seychelles entity without a local licence.Available
- QAQatarServed by the Seychelles entity without a local licence.Available
- KWKuwaitServed by the Seychelles entity without a local licence.Available
- BHBahrainServed by the Seychelles entity; no Central Bank of Bahrain licence found.Available
- OMOmanServed by the Seychelles entity without a local licence.Available
- JOJordanServed by the Seychelles entity without a local licence.Available
- EGEgyptServed by the Seychelles entity without a local licence.Available
Show 8 more
- MAMoroccoServed by the Seychelles entity without a local licence.Available
- IDIndonesiaNot on the restricted list; no OJK/Bappebti licence found.Available
- MYMalaysiaOn OKX's Restricted Locations list (July 2026).Unavailable
- PKPakistanServed by the Seychelles entity without a local licence.Available
- BDBangladeshNot on OKX's official restricted list (July 2026); no local licence.Available
- KZKazakhstanServed by the global entity; no AFSA licence found.Available
- UZUzbekistanOn OKX's Restricted Locations list (July 2026).Unavailable
- NGNigeriaNot on OKX's official restricted list (July 2026); no SEC Nigeria registration found.Available
Reliability in detail
Overall 6.7 of 10
Proof of reserves
7.0Monthly proof of reserves since November 2022, with zk-STARK liability proofs since March 2023 and open-source user verification; the 47th report (September 2026) shows 109% BTC, 101% ETH, 105% USDT, 100% USDC. The proof is self-published cryptography, not an auditor attestation or financial audit.
Licences
8.0MiCA CASP authorisation for OKX Europe Limited from Malta's MFSA; Dubai VARA VASP licence VL/23/12/003 (17 September 2024); US users served by OKX INC. since the April 2025 expansion. Most other users are served by the Seychelles entity without local licences.
Incident history
6.0No customer-fund hack or unreimbursed loss reported in the last five years. In February 2025 Aux Cayes FinTech pleaded guilty in the US to operating an unlicensed money transmitting business and agreed to pay over USD 500 million; Malta's FIAU fined OKCoin Europe EUR 1,054,269 (April 2025) and the Dutch central bank fined OKX EUR 2.25 million (September 2025).
Segregation of funds
5.0The MiCA-authorised EU entity is legally required to segregate client crypto-assets. For the global entity, 1:1 backing is shown only through self-published proof of reserves; no independent audit confirming legal segregation was found.
Insurance fund
5.0OKX describes a Security Fund for market-risk protection, but no official disclosure of its size and wallet addresses was found. It is not insurance for individual account losses.
Security practices
9.0Most assets in offline cold storage with multi-signature authorisation; 2FA, passkeys and withdrawal allowlists; SOC 2 Type 2 (announced September 2023) and SOC 1 Type 2 (July 2024, examination of OKX Bahamas) by an independent auditor.
Fees
Spot trading, deposits and withdrawals
Spot trading
no data
Base spot rates could not be confirmed on OKX's fee page (commonly cited as 0.08% maker / 0.10% taker). Tiers depend on volume and OKB holdings and differ by regional entity.
Deposits
Crypto deposits are free apart from the network fee paid on the sending side. Fiat deposit costs depend on the method and the regional entity.
Withdrawals
Crypto withdrawals carry a per-coin network fee shown in Assets > Withdraw before confirmation; fiat withdrawal fees depend on the method and region.
Halal coins you can buy on OKX
Coins with a halal verdict listed on this exchange
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