Okcoin Review Is This Crypto Exchange Worth Using?
If you’re looking for a cryptocurrency exchange that offers multiple cryptos for online trading through exchange platforms, then OKCoin might be right for you. As we’ve discussed in this OKCoin review, it provides traders with many handy trading tools, professional okcoin review customer support, and educational resources. OKCoin is an excellent exchange for the advanced trading of some of the most popular cryptocurrencies on the market. The exchange is highly liquid and is trusted by many people from all over the world.
- They also offer services and products custom-tailored to client needs.
- People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
- I probably have close to 500 purchases and withdrawals with them, and 6 reoccurring purchases.
- Deposits and withdrawals can be completed with cryptocurrencies and fiat money including USD or CNY.
The last thing you want is for someone to access your account and wipe out your stash. The exchanges protect your deposits through keeping 95% of your crypto in offline storage, providing around-the-clock transaction monitoring, and offering multi-factor encryption. OKEx provides hundreds of token & futures trading pairs to help traders to optimize their strategy.
How do I open an account with OKCoin?
He has been quoted in major publications, including the New York Times, Wall Street Journal, Washington Post, ABC, NBC, Today, and more. Since then, it has opened six offices around the world. The company’s locations include San Francisco, Malta, Hong Kong, Singapore, Japan, and Korea. Users definitely want to see this list of languages expand over time. As it currently stands, the language barrier represents a significant problem when using the exchange.
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If your 30-day trading volume is less than $100,000, the maker fee is 0.10% and the taker fee is 0.20%. If you’re a regular trader on the platform with large trading volumes, you can tap into even lower fees. Fee reductions start once your 30-day trading volume exceeds $100,000. And if your 30-day trading volume is greater than $500,000,000 USD, the maker fee is 0.00% and the taker fee is 0.02%.
There is a ten business day holding period before newly deposited fiat or purchased crypto becomes available for withdrawal. This is a security measure to ensure the integrity of your funds on the platform. The more you use the app/website, the shorter this withdrawal holding period usually becomes. If that doesn’t seem to be the issue you’re experiencing, please send us a direct message on Twitter @okcoinhelpdesk and our escalations team would be happy to take a closer look.
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They have pretty good staking percents, easy to move assets around, and (personally) never had any of the issues listed below. They found it and everything was credited automatically. I probably have close to 500 purchases and withdrawals with them, and 6 reoccurring purchases. Now they have a “Trading feature beta” which you can toggle on and off if you want more functionality. They seem to constantly improve things and most complaints of the app I have had are either being resolved or I am just getting really used to it.
Okcoin Support Channels
I get on their platform and they have a chat function, so i asked them whats up with that and thats just how they do it. Then they ask me to send my passport via email, told them they are retarded and that should all be built into their platform thats encrypted for users safety. Others should not have to come to Reddit to get basic customer service.
About Okcoin
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. Yes, Okcoin allows users to use a debit card to make deposits into their accounts, facilitating easy and swift transactions.
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. Launched in 2013 and available in over 190 countries, Okcoin is one of the world’s oldest and most popular crypto exchanges. Its success is in large part because of extremely affordable trading fees and an intuitive design that’s great for beginners. Read our detailed Okcoin review to find out more about it. Crypto enthusiasts worldwide use the service, and most customers appreciate its ease of use, varied features and products, and high level of security.
Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details. Okcoin has a mobile app on both the Apple App Store and Google Play. Historical events, such as regulatory changes in Hong Kong and the broader Asian market, have shaped the strategic decisions of the exchange.
The Trustpilot Experience
I’ve emailed them dozens of times and no one will answer. If they aren’t a fraud company then they are a very very bad company and are stealing peoples money. Okcoin offers a streamlined cryptocurrency exchange experience.
If you’re looking for a platform that will help you expand your crypto knowledge, you may want to explore more crypto reviews. You can buy, sell, and trade over 75 cryptocurrencies on Okcoin. 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.
OKCoin offers tiered trading fees, based on 30-day trading volume, that max out around .20% for the lowest volume and lowest tier. As fees can vary by transaction and funding type, be sure to read OKCoins fee schedule for each type of transaction on their platform. As with all cryptocurrency exchanges, there are some fees to be aware of. Okcoin uses a maker/taker fee structure, which most platforms only offer to active traders.