Okcoin Review Is This Crypto Exchange Worth Using?

That means you can’t add or withdraw funds through e-commerce services or bank cards. Crypto enthusiasts worldwide use the service, and most customers appreciate its ease of use, varied features and products, and high level of security. These three reasons alone have garnered the company countless positive reviews online. But we’re not here to cast OKCoin Exchange solely in the tint of rose-coloured glasses. That said, withdrawals fromPrime Trustcome with a hefty $35 fee per transaction.

Being the largest Bitcoin exchange, Okcoin has been experiencing enormous pressure from different regulators across many countries. It has not been able to offer service in almost nine countries due to these regulatory issues. According to reviews of Okcoin, the attack on cryptocurrency exchanges by the Chinese government also significantly okcoin review affected Okcoin trading. Huobi, a main and one of the best crypto exchanges in Singapore & China, Okcoin had announced they would stop their exchanges for the local users as per the government’s regulations. It offers over 30 trading pairs and advanced features for beginners and high-volume traders in 192 countries worldwide.

I will keep commenting on every platform till my money has been to me me. You have my name and email on your platform, You cant say you not seeing that. You are a wrong people to deal with it and stop the fake reviews you people are doing. I NEED PHONE NUMBER OF WHOM TO SPEAK WITH AND TO SORT THINGS OUT ONCE, NOT TO BE PLAYING ME AROUND. As per the reviews of the traders and the services that OKCoin offers, they all make it so easy for any reviewer to recommend OKCoin as your crypto exchange.

okcoin reviews

The company consists of two large organizational units, OKCoin China and OKCoin International. Did you know that from 2012 to May 2020, Bitcoin gained invalue by 193,639.36%? In the process, it outperformed many other commodities, including gold.

OKCoin Review

In general debit and credit card deposits are available instantly, and other payment methods take between 1- 2 or 1- 5 business days. Silvergate ACH is also available instantly for US customers. There are a variety of options for depositing funds into your account – the first step is to link your bank account.

Austin specializes in topics related to cryptocurrencies and blockchain technology. Okcoin’s mobile app is exceptionally user-friendly, with much of the same aesthetic appeal as the desktop. The four tabs on the bottom make it very easy to find what you’re looking for and the app does well to avoid hard-to-see or touch features often found in other crypto apps. If you want to check out some other options before you sign up to Okcoin, you can have a look at this article on thebest crypto exchanges. I have also included a comparison table below so you can make a quick judgement based on key facts.

Extremely low fees and the easiest account setup process on the market. It’s essentially the same process to create a corporate account, although these are specifically meant for businesses with 20+ traders managing the account. Please note that each of these methods is subject to your deposit limits.

okcoin reviews

Wants to go through the hassle of understanding a complicated platform or exchange just to use the services. Thanks to the user-friendliness of Okcoin, you definitely do not have to worry about this factor. Okcoin is designed in a way that it offers a pleasing look, fast UI, defined theme, along with the option to get started straight away. OKCoin has the features and functions to satisfy the needs of their users from all around the world. As we are talking about one of the biggest crypto exchanges here, the available features are not just useful for trading, but they help users explore other opportunities too. The great thing about Okcoin is that there aren’t any glaring omissions from its lineup.

Chat Support is also very helpful and available even in mobile. Can’t say that for some other large exchanges out there. Was very surprised with usage of OKCoin compared to some other exchanges and although not as big as others, well worth the time for usage in crypto investments.

Get started with your Free Employer Profile to respond to reviews, see who is viewing your profile, and share your brand story with top talent. In order to start trading with OKCoin, you have to deposit at least 15 USD . You’re right, that’s not a great experience and we have a ways to go. I’ve passed this to our teams and we’re going to work on it.

With Okcoin, users can access the mobile app on iOS and Android devices. The best thing is that users don’t really have to compromise on their trading experience when using mobile apps. You can check real-time price charts, buy/sell cryptocurrencies, and stake your assets through the app. Okcoin offers highly rated mobile apps for Apple and Android devices. The Okcoin mobile app offers the same features as the web platform, so you can use it for crypto trades, staking, deposits, and withdrawals. We’re always working on making improvements to the website/app.

OKcoinUser Reviews

After entering the wallet address, you may enter an address tag, if needed, then submit the withdrawal request. Additionally, there are VIP levels achieved by gathering reward points after completing KYC details and trading. These VIP levels decrease the trading fees amount and decide the limits of borrowing and trading leverage. Okcoin reviews provide unbiased information but should not be taken as financial advice. The simple advice is to conduct intensive research on the platform before investing.

  • It does not matter if you are from the US, Asia, Africa, or Europe, there is a high chance you can set up an account with Okcoin.
  • First of all, there are two types of accounts that customers can sign up for.
  • Okcoin partners with cybersecurity experts to look for vulnerabilities and runs periodic internal audits.
  • Okcoin offers more than 60 popular assets to buy, sell, or trade right away.
  • But you have to keep one thing in mind once you have decided to open an individual account, you cannot change it.

While the amount might not seem that high, you can earn a good profit if you bring more traders, or ones who trade large amounts. While OKCoin takes care of their traders and investors by providing so many convenient options, the platform has a few flaws and negatives too. These negatives might not be a major deal, but they can still affect the experience of traders at some point. You can take a look and see if you should worry about them.

Margin trading

Crypto staking and lending are popular ways to earn rewards on your crypto holdings. Okcoin makes this easy and offers competitive interest rates. Everything is clearly labeled and easy to understand, which is helpful if you’re getting started with crypto. The exchange explains how to set up an account and start buying cryptocurrencies right from its homepage. The best part about Okcoin is its fees, which are some of the cheapest we’ve found. Trading fees depend on your monthly trading volume, but the most you’ll pay is 0.2%.

TheCollegeInvestor.com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product’s website. All products and services are presented without warranty.

Supported Payment Methods

Most of the trading pairs are with USD, and only a few assets are tradable with stablecoins . When it comes to trading with Okcoin, they focus quite a lot on their Premier trading program, which is built keeping some critical things in mind. The foremost aim of their Premier trading program is to help traders elevate their trading experience and make it better through their services. Note that https://forex-reviews.org/ you need to reach P1 tier status (trading volume over $100,000 in the last 30 days) to access Premier trading. Okcoin is integrated with plenty of features and options that do a great job offering users an experience they want. If you want to know what services Okcoin provides and whether it would be your first-choice crypto exchange, you can feast your eyes on the points mentioned below.

OKcoin Exchange Review

Okcoin offers a streamlined cryptocurrency exchange experience. However, it’s not the only platform that provides a secure and reliable experience. A few of the top competitors in the space include Coinbase and Gemini. Okcoin has built a platform that prides itself in providing the highest security measures. But you don’t have to pay an arm and a leg for the opportunity to make trades through Okcoin. Let’s take a closer look at what Okcoin is and what it offers users like you.

But you have to keep one thing in mind once you have decided to open an individual account, you cannot change it. So now that you have a pretty basic idea of what OKCoin exchange is, let us dive deep into the platform and see how it works. In the same section there is a link to “compare” orders among exchanges, particularly useful for arbitrage enthusiasts. Citizens residing in the Mainland are not permitted to use the international version of the platform, anyone breaking this rule acknowledges whatever legal punishment that could apply. Outside China, OKCoin.com international is available worldwide with exception of 25 territories .

In the upper right-hand corner, select the “Sign up” button. Since then, it has opened six offices around the world. The company’s locations include San Francisco, Malta, Hong Kong, Singapore, Japan, and Korea.

Maybe OKCoin can make their KYC info page better and increase transparency because the questions they asked you in the image you posted is not made available ahead of time. Signed up for it as well, and have been using it, but holy moly what a pain in the ass the entire experience has been. Needs to review the security of your connection before proceeding. Any use of the content requires prior approval from the site owners.

That’s a strong lineup, and it gives you plenty of different projects to invest in, from the biggest cryptos on the market to those that are still working their way up the list. Many or all of the products here are from our partners that pay us a commission. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation.

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