OSL Exchange Review
OSL Exchange is a centralized exchange founded in 2018 and headquartered in Hong Kong. It charges a 0% maker / 0.05% taker fee. We have not yet verified where OSL Exchange is available or which assets it lists. It is best suited to Hong Kong buyers who want a licensed venue and are funding in Hong Kong dollars, euros or Australian dollars. Information verified September 2, 2026.
Verified How we verify
How OSL Exchange Scores
Key Facts
| Type | Centralized exchange |
|---|---|
| Founded | 2018 |
| Headquarters | Hong Kong |
| Licenses |
|
| Fiat currencies | HKD, USD, GBP, EUR |
| Payment methods | bank transfer, fps, edda |
| Maker/taker fee | 0% / 0.05% |
| KYC required | Yes |
| Proof of reserves | — |
Where OSL Exchange Is Available
| Jurisdiction | Status | Notes |
|---|---|---|
| Australia | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Brazil | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Canada | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| France | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Germany | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| India | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Ireland | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Italy | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Japan | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Mexico | Not available | Mexico is absent from OSL's published list of 32 eligible initial-deposit bank jurisdictions. |
| Netherlands | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Nigeria | Not available | Nigeria is absent from OSL's published list of 32 eligible initial-deposit bank jurisdictions. |
| Singapore | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| South Africa | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| South Korea | Limited | Listed as 'Korea' on OSL's eligible initial-deposit bank jurisdiction list; HKD 10,000 minimum applies. |
| Spain | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Switzerland | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| United Arab Emirates | Not available | The UAE is absent from OSL's published list of 32 eligible initial-deposit bank jurisdictions. |
| United Kingdom | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| United States | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Alabama | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Alaska | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Arizona | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Arkansas | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| California | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Colorado | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Connecticut | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Delaware | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Florida | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Georgia | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Hawaii | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Idaho | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Illinois | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Indiana | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Iowa | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Kansas | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Kentucky | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Louisiana | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Maine | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Maryland | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Massachusetts | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Michigan | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Minnesota | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Mississippi | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Missouri | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Montana | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Nebraska | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Nevada | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| New Hampshire | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| New Jersey | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| New Mexico | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| New York | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| North Carolina | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| North Dakota | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Ohio | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Oklahoma | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Oregon | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Pennsylvania | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Rhode Island | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| South Carolina | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| South Dakota | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Tennessee | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Texas | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Utah | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Vermont | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Virginia | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Washington | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| West Virginia | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Wisconsin | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
| Wyoming | Limited | On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies. |
Assets You Can Trade on OSL Exchange
We have not yet verified which assets OSL Exchange lists.
Fees explained
OSL prices its three trading routes differently, and the split is published in full as of September 2026 (sources: OSL fees page; OSL press release on maker fees).
| Route | Pricing |
|---|---|
| Flash Trade | Quoted at an all-in price, with no additional fee |
| OTC Trade | Quoted at an all-in price, with no additional fee |
| Pro Trade | Maker-taker order book, with a 0% maker fee announced in July 2025 for retail and professional investors |
Funding is free at the deposit end and the charges appear on withdrawal. The currency-by-currency table appears under deposits and withdrawals below.
A cost estimate for a $500 purchase on OSL Exchange and HashKey Exchange appears here once the published fee schedules are verified.
History and ownership
OSL is the licensed end of the market rather than the offshore end, and it says so in specific terms. The company states that OSL Digital Securities Limited was the first virtual asset trading platform to acquire a license from the Hong Kong Securities and Futures Commission, and that it has operated in Hong Kong's digital asset market since 2020 (source: OSL about page). It describes its own mission as making money flow as freely as information, and positions itself as digital finance infrastructure for enterprises and financial institutions as much as for individuals.
That framing is not marketing decoration. A licensed operator answers to a named regulator, which is a materially different arrangement from a venue incorporated where nobody publishes a register. It also means the product set is narrower and the onboarding slower than at an offshore exchange, which is the trade being made.
Products and markets
OSL sells three ways to trade and separates them clearly. Flash Trade quotes you a price on request and executes only when you confirm it, OTC Trade is a negotiated transaction between you and OSL executed outside the order book, and Pro Trade is a live order book with maker and taker roles (source: OSL fees page). A derivatives product sits alongside for professional investors.
Around trading, the group runs digital asset custody, a payments business covering crypto acceptance and payouts, fiat on-ramps, stablecoin trading it markets as its core focus, tokenization services and fund distribution (source: OSL about page). RampAtlas could not retrieve a machine-readable market list from OSL in this session, so it does not state an asset count. For the per-asset view see Buy Bitcoin and Buy Ethereum.
Security record and custody
Custody is where OSL makes its strongest claim, and it is specific enough to check. The company states that OSL Digital Securities Limited maintains proprietary insurance coverage of up to US$1 billion, and describes its custody offering as military-grade infrastructure carrying that same coverage (source: OSL about page).
Insurance of that size is unusual and worth understanding rather than simply banking. A coverage ceiling is a maximum, not a guarantee that any given loss is covered, and the policy terms, the covered entity and the perils are not published alongside the number. What the figure does tell you is that an insurer underwrote the custody arrangement, which requires the kind of controls an uninsured venue does not have to demonstrate to anyone. Combined with the custodial arrangement sitting inside a licensed entity, that is a stronger position than a self-published reserve snapshot.
RampAtlas found no enforcement action or security incident involving OSL that it could confirm from a primary regulator or court source, and so states none. That is a statement about verification rather than a finding.
Deposits and withdrawals
This is OSL's clearest advantage and it is fully published (source: OSL fees page).
| Currency | Deposit fee | Withdrawal fee | Minimum withdrawal |
|---|---|---|---|
| US dollar | Free, minimum 0.01 | Flat 15 US dollars on some rails | 100 US dollars |
| Hong Kong dollar | Free, minimum 0.01 | Free | 800 Hong Kong dollars |
| Euro | Free, minimum 0.01 | Free | 100 euros |
| Australian dollar | Free, minimum 0.01 | Free | 200 Australian dollars |
The minimums are the part to plan around. Withdrawing requires at least 100 US dollars, 100 euros, 200 Australian dollars or 800 Hong Kong dollars, so small residual balances cannot be swept out and the platform is a poor fit for very small experimental amounts. Four fiat currencies quoted directly also means most regional buyers avoid a stablecoin bridge entirely, removing a network fee and a spread that offshore venues cannot.
Support and usability
The three-route structure is the thing to understand before trading. Flash Trade is the simplest and quotes an all-in price, so what you see is what you pay; OTC Trade is for size and is negotiated; Pro Trade is the cheapest for anyone comfortable placing a limit order on an order book, since the maker fee is zero (source: OSL fees page and OSL press release on maker fees).
Onboarding is the trade-off. A licensed venue applies fuller kyc and serves a defined set of jurisdictions rather than accepting anyone, so account opening is slower than at an offshore exchange and may not be available where you live. Check eligibility before planning around the fee advantages.
Verdict
0%
Pro Trade maker fee
retail and professional investors, OSL press release, July 2025
US$1 billion
Custody insurance ceiling
OSL Digital Securities Limited, OSL about page, September 2026
800
Minimum Hong Kong dollar withdrawal
OSL fees page, September 2026
2020
Operating in Hong Kong since
OSL about page
OSL suits a buyer in its licensed markets who funds in Hong Kong dollars, Australian dollars or euros and wants a regulated venue with published custody insurance. Free deposits, free withdrawals in three of four currencies and a zero maker fee make it genuinely cheap for that user, and the licensing is the substantive difference from cheaper offshore alternatives. It is a poor fit for very small balances, given withdrawal minimums of 800 Hong Kong dollars and 200 Australian dollars, and for anyone outside the jurisdictions it serves or hunting a long tail of tokens. Compare against the other licensed Hong Kong venue and the offshore options at Compare.
Pros and Cons
Pros
- Fiat deposits in US dollars, Hong Kong dollars, euros and Australian dollars are free
- Flash Trade and OTC Trade are quoted at an all-in price with no fee added on top
- Licensed by the Hong Kong Securities and Futures Commission and four other regulators
Cons
- Some US dollar withdrawal rails cost a flat 15 US dollars
- Minimum withdrawals are high, at 800 Hong Kong dollars and 200 Australian dollars
Guides
- Crypto Estate Planning: Making Sure Your Coins Aren't Lost With You
Passing on cryptocurrency requires two things that an ordinary will does not provide on its own, a record of what exists and where, and a route by which the person inheriting it can reach the keys, because no court order can recover a seed phrase nobody wrote down.
- Crypto Tax in Australia: CGT, Records, and the ATO
In Australia the Australian Taxation Office treats a crypto asset as a capital gains tax asset, so disposing of it by selling, swapping, or spending it is a CGT event, while tokens you receive from activities such as staking are treated as income when you receive them.
- Crypto Tax in Canada: How the CRA Treats Cryptocurrency
In Canada a crypto disposal produces either a capital gain or business income, and where it is a capital gain the Income Tax Act makes one half of that gain taxable and adds it to your income for the year at your marginal rate.
Frequently Asked Questions
- Is OSL Exchange available in United States?
- With limits. On OSL's published list of eligible initial-deposit bank jurisdictions; HKD 10,000 minimum applies.
- Does OSL Exchange require KYC?
- Yes. OSL Exchange requires identity verification.
- What are OSL Exchange's fees?
- OSL Exchange charges a 0% maker / 0.05% taker fee.