Last updated: 2 July 2025
Welcome to OKX.com. By accessing or using our website/services (including the platform), you agree to these terms. These services are exclusively available to Australian users.
About These Terms and Our Services
The OKX Platform facilitates services provided by Service Providers as outlined below:
| Part | Services | Service Provider |
|---|---|---|
| Part A | General Terms | All Services |
| Part B | Digital Currency Exchange | OKX Australia Pty Ltd |
| Part C | Derivatives (Wholesale Clients Only) | OKX Australia Financial Pty Ltd |
| Part D | On-Chain Earn | OKX Australia Pty Ltd |
Key Notes:
- Derivatives Services are regulated by ASIC (wholesale clients only).
- Other services are not regulated under Australian financial services licensing.
Part A: General Terms
1. Eligibility & Account Management
- Registration: Provide accurate information during account setup.
- Security: Safeguard passwords/API keys. Notify us immediately of unauthorized access.
- Account Closure: Assets are returned per clause 2.13 (deducting owed amounts).
2. Your Assets
- Ownership: You retain ownership of Assets transferred to your account.
- Withdrawals: Subject to compliance checks and fee deductions.
3. Prohibited Activities
Activities including unlicensed financial services, adult content, gambling, or illegal gatherings are strictly prohibited. Violations may result in account termination and reporting to authorities.
4. Risk Disclosure
- Market Volatility: Digital assets are high-risk with potential for total loss.
- Custody: Assets are not protected by deposit insurance schemes.
- Technology Risks: Cyberattacks, forks, or protocol changes may impact asset value.
5. Fees & Liability
- Fees: Automatically deducted from account balances (Fee Schedule).
- Limitation of Liability: OKX excludes liability for losses due to user negligence or Events Outside Our Control.
Part B: Digital Currency Exchange
Fiat & Crypto Transactions
- Third-Party Providers: Bano Pty Ltd handles fiat deposits (Bano Terms).
Convert/Spot Services:
- Convert: Over-the-counter trades with built-in spreads.
- Spot: Orderbook-based matching with potential slippage.
Trading Bots
- Risks: Automated strategies may amplify losses during downturns.
- User Responsibility: Configure parameters and monitor performance.
Part C: Derivatives (Wholesale Clients Only)
Key Services
- Futures: Settled in crypto (e.g., BTC) with expiration dates.
- Perpetual Swaps: No expiry; funding fees every 8 hours.
- Options: European-style exercise only on expiry.
Wholesale Client Requirements
- Must complete onboarding and maintain eligibility.
Part D: On-Chain Earn
- Earn rewards via staking. Not regulated by ASIC.
FAQs
1. Are my assets insured?
No. Digital assets are not protected by deposit insurance.
2. Can I withdraw fiat anytime?
Yes, subject to compliance checks and third-party processor timelines.
3. What happens if I breach terms?
Accounts may be suspended, and assets frozen pending investigation.
👉 Learn more about secure trading
👉 Explore Derivatives for Wholesale Clients