Can Australian Users Use OKX?
Yes. OKX officially entered the Australian market in May 2024, holding an AFS licence (AFSL 379035) issued by ASIC and registered with AUSTRAC as a digital currency exchange. This means Australian users can access localised services, including direct Australian dollar (AUD) deposits and withdrawals. The platform supports over 500 trading pairs. No VPN or workaround is required – simply visit okx.com.
Two Key Operating Entities
OKX provides services in Australia through two locally registered companies:
| Company Entity | Scope of Services | Eligible Users |
|---|---|---|
| OKX Australia Pty Ltd (AUSTRAC registered) | Spot trading, OTC trading | All Australian users |
| OKX Australia Financial Pty Ltd (AFSL 379035, ASIC regulated) | Derivatives trading (futures, options, perpetual swaps) | Verified wholesale clients only |
Retail users can only use the spot trading services provided by OKX Australia Pty Ltd. Derivatives trading requires meeting the wholesale client criteria (typically a certain asset threshold, as defined by the ASIC Corporations Act). Ordinary retail investors cannot open a derivatives account.
How Australian Users Register
1. Go to the OKX website or download the official app
What to do: Access the OKX platform through official channels and make sure you are using the version available to Australian users.
How to do it:
- Desktop: Enter the official URL www.okx.com in your browser.
- Mobile: Apple users search for "OKX" in the App Store (Australian region); Android users search for "OKX" on Google Play and download. The developer should be listed as "OKX Technology Company Limited" or "OKX Malta Ltd".
When is this step complete: The page loads properly and you can see the registration entry. The App Store page shows "Buy, sell and trade Bitcoin (BTC) and popular crypto with Australian dollars (AUD)", meaning you have downloaded the version available in Australia.
2. Click "Sign Up" and fill in your details
What to do: Go to the sign-up page and choose a registration method.
How to do it:
- Click the "Sign Up" button at the top right of the page or on the app home screen.
- You can register with a mobile number or email. For mobile numbers, select the country code +61 (Australia).
- Enter your information and tap "Get Verification Code".
- Enter the verification code you receive.
When is this step complete: The verification code is accepted and you are taken to the password setup page.
3. Set a login password
What to do: Create a secure password for your account.
How to do it:
- Password requirements: 8–20 characters, including letters (upper and lower case), numbers, and special characters.
- Confirm the password and submit.
When is this step complete: The system confirms the password has been set successfully.
4. Select your country/region of residence
What to do: Choose your place of residence during registration.
How to do it:
- Select "Australia" from the drop-down list.
When is this step complete: The system confirms your selected region and proceeds to the KYC identity verification stage.
5. Complete identity verification (KYC)
What to do: Submit proof of identity. Under AUSTRAC anti-money laundering regulations, all Australian users must complete KYC before they can deposit, trade, or withdraw.
How to do it:
- After logging in, go to the "Identity Verification" page (the system will guide you automatically).
- Option A – Verify with an Australian driver's licence:
- Enter your full name (exactly as it appears on the licence) and licence number.
- Upload clear, glare-free photos of the front and back of the licence.
- Complete the facial recognition check.
- Option B – Verify with a passport:
- Enter your name (exactly as it appears on the passport) and passport number.
- Upload a photo of the passport personal information page.
- Complete the facial recognition check.
When is this step complete: The system shows "Submitted successfully" and the review is in progress. Reviews usually take anywhere from a few minutes to a few hours. You will be notified of the result by SMS or email.
Common reasons for rejection:
- Blurry or reflective photos, or information being covered on the document.
- Spelling of the name does not match the ID exactly.
- The ID has expired.
Risk warning: Registering with someone else's identity or using forged documents will result in a permanent account freeze. OKX is regulated by ASIC, and serious breaches may be reported to the regulator.
6. Enable two-factor authentication (2FA) – highly recommended right away
What to do: Add an extra layer of security to your account.
How to do it:
- Go to "Account Settings" → "Security Center".
- Find "Two-Factor Authentication (2FA)" and bind it using Google Authenticator or Authy.
- Write down the backup recovery codes and keep them safe. Do not store them in your phone gallery or in the cloud.
When is this step complete: The Security Center shows that 2FA is enabled.
Next steps after registration
Once your KYC is approved, Australian users can deposit Australian dollars (AUD) directly via local bank transfer (supported by most Australian banks). You can also use the third-party payment services Simplex, MoonPay, and Banxa on the "Buy Crypto" page to purchase crypto with fiat.
How long does the review take?: KYC reviews are usually completed within a few minutes to a few hours. If it takes longer, contact OKX's local Australian support team through the in-app live chat.
OKX referral code: 24U2790 (fill in when registering).
