This means that all user sessions are secure and validated with complete identity protection. Accounts also use multi-factor authentication so users are prompted for deposit, withdrawal, and trade orders. The user’s trading fees are determined by trailing 30-day volume which is recalculated every day at midnight UTC+8. All volume is converted to USD using the exchange rate of the digital asset at the time of the transaction. Transactions in non-USD base pair markets are also converted. Whether you’re new to cryptocurrency or an experienced trader, you’ll be able to appreciate the streamlined Okcoin interface.
Their main executive team consists of Hong Fang [LinkedIn] (CEO), Haider Rafique (Global Chief Marketing Officer), Megan Monroe-Coleman [LinkedIn] (Global Chief Compliance Officer), and more. If you regularly trade cryptocurrency, you’ll realize that security is a constant concern. The last thing you want is for someone to access your account and wipe out your stash.
- Plus, FTX offers access to more fiat rails as well as more expanded suite of products such as its NFT marketplace and even leveraged tokens.
- At Crypto Head we use a rigorous research and rating process to assess each platform.
- There are options available at this time for users to earn up to 265% APY on select coins, with a range of fixed and flexible terms.
- You can buy, sell, and trade over 75 cryptocurrencies on Okcoin.
- Coinbase is a public US company and offers transparency into its industry-leading security along with its brand reputation, while Okcoin is not, but both are US based.
The user interface allows the coins to be arranged by price change to find the top movers for the day. Okcoin is regulated worldwide and supported in 192 countries such as the United States, Canada, Australia, Singapore and the United Kingdom to buy and sell cryptocurrency on its premium trading platform. The exchange, however, does not offer services to residents of Cuba, Iran, North Korea, Crimea, Sudan, Syria, Malaysia, Bangladesh, Bolivia, Ecuador and Kyrgyzstan. 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.
I received a suspended account notice…
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. This sounds like an individual account issue rather than a problem with the platform. If you send a quick direct message to @okcoinhelpdesk on Twitter, our customer service team would be happy to help you with your withdrawal. OKCoin excels in the area of customer support, especially for a cryptocurrency exchange. The support options available to traders include email, live chat, telephone support, and a ticketing system.
Company
Money and cryptocurrency you want to trade must be in your funding account, whereas withdrawals can only be made from your funding account. You can move funds between these accounts at any time instantly and free of charge. Whether you are buying or selling, Okcoin charges a 1-1.5% spread fee, but deposits and withdrawals are free (barring a few exceptions).
Okcoin vs Coinbase
The exchange explains how to set up an account and start buying cryptocurrencies right from its homepage. Verified members should be able to withdraw https://forex-review.net/okcoin-review/ within a few days not 10. In addition to that, Okcoin allows users to click the ‘Get Support’ tab right under the ‘Help Center’ tab.
Is Okcoin Safe?
But if you’re looking to buy crypto, you may be charged a separate fee. But you’ll pay $0.99 to buy crypto with an instant ACH transfer. 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. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with).
Okcoin FAQs
The OKCoin exchange primarily services users from China and the Asian markets but accepts traders from all over the world. OKCoin exchange takes security very seriously, partnering with external cybersecurity professionals to detect any weaknesses in their systems and conduct frequent internal audits. They also use a microservices architecture to verify and authorize every request made to gain access to your account, so that it remains secure and protects your identity. OKCoin also offers multi factor authentication, so every time you deposit/withdraw funds or make a trade, you will need to verify it’s you. Deposit and withdrawal fees on the Okcoin exchange depend on the payment option used. Debit cards are available for users globally and have the highest deposit fee of 3.99% which is similar to using Coinbase.
Okcoin also offers institutional services for institutions such as asset managers and hedge funds, intermediaries, liquidity providers, trading firms, and more. This is done with the exchange’s more advanced trading platform geared for institutional use, 24/7 global client services, flexible settlement options, and account management APIs. They allow their users access to many popular cryptocurrencies through spot trading with US dollars, Euros, and Singapore Dollars.
How Okcoin works
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. You won’t be tied to your desktop when you want to make a trade. Through the platform, you can make trades with zero transaction time.
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. Some consumers also lament the exchange’s rigorous two-step verification procedure, which is mandatory. You can’t start trading until you complete it, and the process does prove more time-consuming than with other platforms.
Premiere members can benefit from instant funding options via SEN and PrimeX and wire pre-credit up to $100,000 to ensure they can begin trading instantly. FinanceBuzz has partnered with CardRatings for our coverage of credit card products. https://forex-review.net/ FinanceBuzz and CardRatings may receive a commission from card issuers. For those who want to trade more than $2,000, there are additional requirements. You need to upload a picture of your government-issued ID to trade up to $1 million.
Crypto Head’s editorial principles prioritise transparency and reader trust. To maintain our free content and further support our work, we receive compensation from some companies advertising on Crypto Head. James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency. At Crypto Head we use a rigorous research and rating process to assess each platform. 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.