Okcoin Cryptocurrency Exchange Buy Bitcoin, Ethereum & Crypto

Cold storage is offline, so it’s the most secure crypto storage option. The small portion of funds that Okcoin keeps in hot wallets are inaccessible with a single key and require three to five signatures to access. If you set this up, the exchange will require you to enter both your password and a code sent to your mobile device to access your account. There are over 75 cryptocurrencies available on Okcoin, giving it one of the larger selections, even compared to the top cryptocurrency apps. You can buy, sell, and trade over 75 cryptocurrencies on Okcoin.

A powerful core trading engine processes millions of transactions at once, while robust asset security management tools keep your coins … If we specifically talk about what types of trading are available at Okcoin, you can spot trade, margin trade, or go with OTC trading. The best thing about OTC trading is that you can buy or sell any crypto asset you want without worrying about slippage. As for margin trading, the maximum leverage is 10x, and it will help you gain better exposure to the market and explore more trading options to easily better trades. Lastly, spot trading is where you will get access to the most trading pairs, and you can simply place your orders to get started. With the Okcoin trading platform, users get access to a complete and thorough trading interface.

The trading application utilizes all the features of the web-based platform in a mobile-enhanced version of the platform. So, if you are a trader that requires high trading volume from your next exchange, then maybe you should think twice about choosing OKCoin. Just as you can lose money with any investment, you also run the risk of loss when you trade cryptocurrencies.

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Someone responded my other review saying email your concern to provided email but they don’t even care to respond. This company don’t deserve to be in market they are big scam. Hi Cami, thanks so much for taking the time to reach out. We’re sorry to hear that our support team has not been able to reach back out to you, as it is our top priority to respond to every single customer.

Okcoin is available in more countries than nearly every other major cryptocurrency exchange available today. It’s list of supported regions currently includes over 190 countries. Okcoin features the more stable and advanced trading exchange for Bitcoin and other digital currencies. The platform https://forex-reviews.org/ is developed to cater to the needs of professional traders, but simultaneously it is simple to use for beginners as well. They charge 0.20% for takers and discounted trading fees of 0.10% for makers. Okcoin Withdrawal fees are charged at 0.10%; however, Litecoin and BTC have no withdrawal fees.

It is important to note that the cryptocurrency industry is decentralized and unregulated; this means that there are no insurance policies to help you recuperate lost assets. As such, it is important to research the features of any crypto product you’re interested in, particularly security protocols. This crypto trading platform is equipped with a robust security toolkit that masks your data from malicious hackers. It includes access control that limits how much sensitive information your employees can see.

Okcoin doesn’t set a standardized difference between the buy and sell price and the market price. Leverage multiplies your profits and losses and increases the risk by the amount of leverage you take. If the price drops low enough that the difference in price is equal to the margin you have invested, your position will be liquidated.

And our partners can never pay us to guarantee favorable reviews . According to Okcoin review, Okcoin’s customer support is excellent, especially for crypto and other exchanges. The support system includes email, telephone support, ticketing system, and live chats. The representatives are not only professional but friendly with quick and effective responses. Moreover, Okcoin features a page just for FAQs answering the most commonly asked questions by average as well as advanced traders.

OKCoin Mobile Trading

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%. If Okcoin doesn’t seem like the right choice, here are some of the best cryptocurrency exchanges that might work for you instead.

Users of OKCoin all fall under the same account type but there are different verification levels which grant traders greater deposit and withdrawal amounts. As with most cryptocurrency exchanges, OKCoin is not regulated by any reputable financial regulatory authorities. However, the exchange has built up a viable reputation among its users and the cryptocurrency community. Completely Configured as combating against the malicious attacks, your crypto – assets are stored securely with the user-friendly interface, wallet and its infrastructure is highly protected.

• Okcoin offers highly rated mobile apps for Apple and Android devices.
• For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure.
• Another order for selling and buying cryptocurrency immediately at the current market prices is the market order.
• The fee schedule has made Okcoin one of the most successful trading platforms globally, with a high trading volume.
• Once the bank account is linked, select your account from the drop menu and then select the Okcoin account where the funds will be sent.

In addition, traders can trade popular assets with up to 3x leverage. The time it takes for the deposit to become available varies. In okcoin review general debit and credit card deposits are available instantly, and other payment methods take between 1- 2 or 1- 5 business days.

How to open an Okcoin account

In general Okcoin supports fewer payment methods than most other exchanges. However, as of writing, Okcoin isn’t available to all U.S. residents. So if you live in one of the states that aren’t supported, you’ll need to look elsewhere. Explore your other options in our guide to the top crypto exchanges. To compare apples to apples, you’ll want to look at Coinbase Pro and Gemini ActiveTrader, each of which target high-volume traders. At these levels, users can take advantage of each platform’s maker/taker fee structures which are more affordable than their standard fees.

This advertisement contains information and materials provided by Robinhood Financial LLC and its affiliates (“Robinhood”) and Publisher, a third party not affiliated with Robinhood. Securities offered through Robinhood Financial LLC and Robinhood Securities LLC, which are members of FINRA and SIPC. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. It stores 95% of crypto funds in cold storage and the rest in multisig hot wallets.

Okcoin Review About Fees

You can also fund your account for free with lightning transfers of up to 0.1 BTC. There is conflicting information on their site about deposit minimums, with $100 quoted in one article. At that point, you’ll create an account by entering your email and creating a password.

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. Okcoin is a cryptocurrency exchange that helps millions of people from all over the world to access different crypto assets easily and conveniently. Okcoin was founded by Star Xu, a man who came up with the idea of creating a crypto exchange back in 2013 in China.

Okcoin partners with cybersecurity experts to look for vulnerabilities and runs periodic internal audits. You pay a taker fee on orders that are filled immediately and a maker fee on orders that aren’t. Personal finance Here’s Why You May Want to Redeem Your Starbucks Points Before Feb 13.

But we do have to make money to pay our team and keep this website running! TheCollegeInvestor.com has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. The College Investor does not include all companies or offers available in the marketplace.

Earn up to an insane 145% APY on tokens like MiamiCoin and around 1.5-16% on over 20 different cryptocurrencies and stablecoins. OKcoin currently supports over 50 crypto assets, and USD, EUR, SGD and BRL are supported for cash deposits and withdrawals. OKcoin underwent a total rebranding overhaul in April 2021, changing the look and feel and the platform and what a fantastic upgrade it was.

If you have specific preferences for trading, you can customize charts and tweak everything available to make it perfect for your needs with the Premier trading platform. Okcoin can be considered as an all-in-one crypto exchange, making it possible for traders from all over the world to explore the blockchain industry. They not only allow their users to easily buy or sell over 60+ cryptocurrencies, but they also offer a premium trading experience with countless features.

We never withhold funds without a proper reason from our risk team. The security of funds on our platform is our top priority and we appreciate your patience while the team works to review your account. If you would like an update directly from the risk team, feel free to message them at and a team member will be happy to offer more insight. Binance is a cryptocurrency exchange software product that makes it easy for you to start a crypto exchange portfolio.