Diving into the world of cryptocurrency can be confusing. With so many crypto exchanges out there, is it hard to know which one offers the best security without overcharging for the right to buy and sell cryptocurrencies. 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.
- In the process, it outperformed many other commodities, including gold.
- I have never used an authentication app to log in to Okcoin in the past.I emailed Okcoin for help several times and they will not respond.
- Keep in mind that these fees only apply to trades (i.e. transactions in which crypto pairs are exchanged).
- By acknowledging these events and adapting accordingly, Okcoin has demonstrated resilience and a commitment to its user base.
The OKCoin trading platform is very responsive and beautifully designed. It also offers advanced trading types and features for experienced traders. While I will admit, sometimes the app gets a little confusing. Sometimes you have to go to different pages for access to different things. I have Coinbase, KuCoin, BlockFi, Bittrex, BitMart, Binance US, various other small exchanges where I bought a one-off coins, and various wallets. I find myself going to OkCoin first, then to my secondary exchanges due to their fees…lowest around.
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One of these is a 10 business day holding period before newly deposited fiat or purchased crypto become available for withdrawal. The more you use the platform, the shorter the holding period usually becomes. That being said, we definitely want to provide you with answers for your questions and can be reached directly on Twitter @okcoinhelpdesk for expedited support. The 10 day holding period before withdrawals become available is a security measure we put in place to ensure the integrity of the funds in your account.
Easy to navigate the platform
We hope to hear from you soon and improve your experience with our platform. We never remove assets from our user’s profiles without specific reason. One reason could be that you purchased the MIA with the precredited funds we provide while the deposit from your bank processes and the deposit ultimately failed.
Deposits and Withdrawals Options
The platform is tailored to support both simple transactions and advanced trading features, making it an attractive option for a diverse range of users. The exchange has carved out a niche for itself amidst a competitive industry by focusing on providing access to a variety of crypto assets and projects. I’ve been a customer of OKcoin for approximately 12 months and my opinion is the exchange is thinking of long term growth.
DO NOT USE OKCOIN
After that, Okcoin will send you a verification code to complete the account creation process. From there, you’ll need to complete your identity verification. This will include providing information about your nationality, full name, birthday, residence, and a government-issued ID. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. 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.
Additionally, OKCoin features an FAQ page where traders can find answers to most questions they might have. The fee structure imposed by OKCoin is very low for both the Chinese and International markets. The trading fees are based on a sliding scale that refers to monthly volume on the exchange.
The OKCoin exchange primarily services users from China and the Asian markets but accepts traders from all over the world. Hi James, thank you for taking the time to reach out with your review. It sounds like the risk team just needs to do a quick review of your account before they can release your funds. You can reach them directly at or send us a direct message on Twitter @okcoinhelpdesk and we’d be happy to expedite a solution for this.
Great website to charge and withdraw to trade crypto currency. Great tech support that you don’t have to wait to talk to. The only thing that I don’t like are the US Bank fees when I withdraw USD from my OKCoin account. The assets available to lend are MIA, STX, USDT, USDC, DAI, UNI, SNX, and YFI. These rates are also flexible and sometimes pay interest in different assets than what is being lent. For example, you will earn STX for lending MIA and earn BTC for lending STX, so be sure to double-check what you are earning before you commit to lending.
More On Cryptocurrency
OKCoin’s supported currencies appear downright meagre next to the constantly expanding crypto lists of its competitors. Adding funds to the account usually takes between one and three days. Fortunately, these are the exception instead of the rule, but you should be aware of them and avoid making deposits on a tight turnaround.
The tiered fee system is designed to benefit users by allowing them to reduce transaction costs as their activity levels increase. Margin trading and maximum leverage options are available, offering seasoned traders additional tools to navigate the markets effectively. Okcoin supports trading on over 102 cryptocurrencies on their platform. This exchange currently supports 21 of the top 30 market cap cryptocurrencies. As the exchange expanded, it broadened its reach and now serves customers with different levels of trading experience. The landscape of cryptocurrency trading is ever-changing, and Okcoin has consistently adapted to the fluctuations of this dynamic environment.
We take the quality of our customer service very seriously and would be happy for the team to take another look. Please send us a direct message on Twitter @okcoin and we’ll get to the bottom of this ASAP. I first discovered Okcoin due to their early support and advocacy for Stacks. I like that they took those risks and did other BTC positive moves like supporting lightning.
Navigating Okcoin’s Fee Structure The fee landscape of Okcoin is designed to accommodate both casual and professional traders. Whether it’s the diverse crypto pairs, the innovative trading platforms, or the emphasis on security, okcoin review Okcoin presents itself as a substantial exchange within the crypto community. If you want to get in contact with Okcoin, you can send an email to Additionally, you can use the “Feedback” button embedded in the app.
We are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100 countries. Our BTC futures trade has nearly $1.5B of volume daily, and is widely recognized as the gold standard for the industry. Yes, you can link your bank account to Okcoin for deposit and withdrawal purposes. This typically involves a verification process to ensure the security of transactions between your bank account and the Okcoin platform. Reflecting on Okcoin Exchange As we draw this review towards a close, it’s important to reflect on the unique position Okcoin holds within the cryptocurrency exchanges. With a focus on expanding its offerings and providing a platform for both new and seasoned traders, Okcoin has secured a place as a significant player in the crypto ecosystem.
You can move funds between these accounts at any time instantly and free of charge. 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. OKCoin is the perfect exchange for experienced traders as they offer traders a variety of advanced trade types. Traders can participate in margin trading, futures, place Iceberg orders, trailing stop orders, and TWAPs. The OKCoin exchange does not offer as many cryptocurrency assets as many other cryptocurrency exchanges but makes up for it with the advanced trade types.