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BlockFi vs OKX

BlockFi or OKX – which is better for UK traders 2024? Compare BlockFi and OKX in this detailed breakdown of their platforms, features and fees.

BlockFi vs OKX Comparison Table 2024
BlockFi	OKX

0.5	4.1
BlockFi is ranked #83 among crypto brokers.	OKX is ranked #6 among crypto brokers.
Review	Review
BlockFi has closed or no longer accepts UK clients. BlockFi filed for bankruptcy proceedings on 28 November 2022 and has suspended withdrawals. BlockFi is a crypto investing and saving platform with additional features including cashback credit cards, ultra-high net worth advisors and crypto lending.	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.
Pros
	There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins You can access a wide range of trading products, including futures, options and perpetual swaps via a mobile app or desktop platform OKX maintains an excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history There's a 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 Crypto staking and pools are available with competitive mining fees from 2%
Cons
	The firm offers limited regulatory oversight, though this is common among crypto brokers The quality of customer support was inconsistent based on testing The broker's platform and features may be complex for novices
FCA Regulated
No	No List of FCA Regulated Brokers
Instruments
Cryptos	Spot, futures, perpetual swaps, options
Demo Account
Yes	Yes
Minimum Deposit
$0	10 USDT
Payment Methods
ACH Transfer Visa Wire Transfer	Apple Pay Banxa Credit Cards Google Pay Mastercard PayPal Simplex Visa Wire Transfer
Minimum Trade
$0	Variable
Regulator
SEC	VARA
Mobile Apps
iOS & Android	Android & iOS
iOS App Rating

Android App Rating

Margin Trading
No	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	Yes
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	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
No	Yes
Spot Trading
No	Yes
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
Cryptocurrency
BlockFi supports trading, investing and borrowing of a range of major crypto tokens, including stablecoins.	OKX continues to offer 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.
Spread
Variable	Variable
Coins
BTC ETH LTC LINK USDC GUSD PAX PAXG USDT BUSD DAI UNI BAT	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
Crypto Lending
Yes	Yes
Crypto Mining
No	Yes
Crypto Staking
Yes	No
Auto Market Maker
Yes	No

BlockFi	OKX
Review	Review
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