Which is odd because I went through the process already and have had no problems until now as far as putting money in and taking money out. I’m in the US and have no issues with any other exchange like this. OKCoin features downloadable mobile applications for both Apple and Android mobile devices. The trading application utilizes all the features of the web-based platform in a mobile-enhanced version of the platform.
- Since then, it has opened six offices around the world.
- He was born in California but currently lives as a digital nomad with a home base in Colombia.
- 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.
- Trading fees depend on your monthly trading volume, but the most you’ll pay is 0.2%.
- There was always some nuance or problem when it came to withdrawals or getting assets out of okcoin.
And some customers have trouble getting past the meagre choices when it comes to coin offerings and the languages you can access the platform in. You’ll need to confirm your passport data, email address, provide your driver’s license number, and give other detailed information about the account before the transaction can be completed. Before you can start trading through the platform, you must select an account type. The charges came on the heels of a group of investors who claimed they’d incurred major losses due to a system crash on the platform. They claimed that Xu’s other crypto exchange, OKEx, had orchestrated the crash. In 2019, the exchange announced the investment of an undisclosed amount in the crypto custody provider Prime Trust.
Are There Any Fees?
That’s why you should carefully weigh this exchange against the competition. Find out more about other cryptocurrency exchanges worth your consideration. That’s a significant perk when you consider how some exchanges make your hunt for contact information. You can also use these venues to send the company suggestions okcoin review for further enhancement of the customer experience. Our OKCoin review will evaluate one of the most popular exchanges on the market today in light of these fantastic foretellings. We’ll take a look at its pros and cons and whether it’s the right platform to help you get in on the Bitcoin action (and more).
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At these levels, users can take advantage of each platform’s maker/taker fee structures which are more affordable than their standard fees. Okcoin uses a tiered fee structure with trading fees ranging from 0% to 0.20%. Your tier is based on your 30-day trading volume with the exchange.
This would result in any assets you purchased to be returned to us. We recommend getting in touch with your bank and asking why they denied your deposit onto the platform. If you have any questions, please send us a direct message on Twitter @okcoinhelpdesk and we’d be more than happy to help.
The staking section is good and the more you add coins for staking, the much better. And one last thing persuade the SEC or other government department to add futures or margin trading. You won’t be tied to your desktop when you want to make a trade. Instead, you can take Okcoin with you through a mobile app.
Is OKCoin regulated?
Okcoin’s trading interface, though satisfactory, is a bit underwhelming. Although they have the option to see real charts, and those charts can be toggled to TradingView, the order panel is only accessible from the page with a line chart. They also only offer margin trading on three assets (BTC, LTC, and ETH) with a max of 10x leverage. That said, their markets are easily accessible, and they have an extensive selection of order types, including rather obscure ones like iceberg and TWAP orders. The platform doesn’t seem to be ideal if your focus is trading, but it should certainly do the trick if you only trade periodically or are simply focused on building a long-term portfolio.
Is OKCoin a scam?
Any claims, statistics, or general information should be verified with the respective providers. For a detailed list of our advertising partners and more on our monetization strategies, refer to our full advertiser disclosure. At Crypto Head we use a rigorous research and rating process to assess each platform.
This may not be applicable at the time you are reading this, but it’s possible they will extend the offer to future months, so it could be helpful to keep in mind. Okcoin’s mobile app is exceptionally user-friendly, with much of the same aesthetic appeal as the desktop. Okcoin’s desktop interface is very clean and easy to use, although that could partially be attributed to the limited number of services they offer. Nevertheless, it is extremely aesthetic and places a focus on the portfolio rather than trading, which is somewhat rare in the crypto space and reminiscent of traditional investment platforms. Okcoin’s fee structure is crafted to offer a competitive edge, focusing on aligning with the best practices within the industry.
Securities offered through Robinhood Financial LLC, a member of FINRA and SIPC and a wholly-owned subsidiary of Robinhood Markets, Inc. Cryptocurrency trading offered through Robinhood Crypto LLC. Robinhood Crypto and Publisher are not a members of FINRA or SIPC and cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC insurance. You can earn rewards on more than 10 of the cryptocurrencies that Okcoin offers just by depositing them to a staking/lending pool.
It even has options to choose Ethereum or other blockchains when you withdraw (if applicable). It also has a quite cheap trading fee and reasonable withdrawal fee. Okcoin is also running a special offer of no fees on all recurring payments for October.
To achieve these ends, OKCoin’s team makes transparency, reliability, and support vital features. They also offer services and products custom-tailored to client needs. To open an account at OKCoin, simply provide an email address and password to set up an account.
If you want to pay less that $1 per buy (and lots of times fees are waived for reoccurring purchases), give it a try. Go to Other exchanges and you can easily pay 5-20 times that. There are a total of 11 tiers, with the final being a 30-day trading volume over $500,000,000 that banks an impressive 0.00% maker fee and 0.02% taker fee. In fact, Okcoin’s 0.00% maker fee actually starts at $10,000,000 in 30-day trading volume.