Does anybody have any reviews or experience with this exchange? I checked the sub for this and there’s just a few hundred people on there so it seems like a small community unless I’m missing the main sub or something. Launched in 2013 and available in over 190 countries, https://forex-reviews.org/ 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.
- The only thing that I don’t like are the US Bank fees when I withdraw USD from my OKCoin account.
- Read employee reviews and ratings on Glassdoor to decide if Okcoin is right for you.
- 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.
- The foremost aim of their Premier trading program is to help traders elevate their trading experience and make it better through their services.
- In accordance with our research, OKCoin is a broker licensed and regulated by the EEA.
- 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.
Like the limited language offerings, some users also find the small set of cryptocurrencies available on the platform offputting. OKCoin’s supported currencies appear downright meagre next to the constantly expanding crypto lists of its competitors. The mobile version of the exchange was designed for smartphones, both iOS and Android, which stands out in terms of overall navigability. Best of all, if you get stumped on an aspect of how the platform operates, sending a message to customer support via email or telephone is simple.
OKCoin is partnering with external cybersecurity authorities to restrict any type of suspicious or fraudulent activity on its platform. OKCoin has designed many microservices which are going to keep an eye on whoever is accessing any account. That means if your account is being accessed by any other person, you will be notified immediately, and you can stop that hacker from entering your account.
In order to start trading with OKCoin, you have to deposit at least 15 USD . This website may have financial affiliations with some of the brands and companies mentioned on this website. Content) and the views expressed in these types of posts do not reflect okcoin review the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Once this is done, all you have to do is wait for the verification code that will verify you.
To unlock this level and get the benefits, you have to be able to provide a photo verification. 2FA is 2-factor authentication, a security method used to confirm the claimed identity of any user by using a combination of 2 different factors. So, get this 2FA by going to the Security section and select Google Authenticator. Scan the given security barcode, insert the numbers and Confirm.
An Iceberg Order is one of the order strategies covering full-order size directly from the book of orders. It breaks large orders into several tiny limit orders. In Trailing stop orders, as the order turns more profitable, the stop price also modifies. Trail orders help protect the capital when they change due to the change in the profits. Another order for selling and buying cryptocurrency immediately at the current market prices is the market order. Trading fees are determined on the sliding scale, and it takes into account the monthly volume.
Okcoin is a safe and secure platform, and there is no danger in using their services. They use the latest security encryption along with account security methods to provide the best possible safety to their users. No matter how advanced technology gets, people will still need proper guidance and learning material to understand things better. Things can get even more complicated when we start talking about cryptocurrencies and the blockchain. If you are a newbie or an amateur and do not know where to start, Okcoin will assist you with the learning center, filled with guides, posts, and plenty of informational content. Take your time to explore the library to better understand how everything works.
Additionally, there are VIP levels achieved by gathering reward points after completing KYC details and trading. These VIP levels decrease the trading fees amount and decide the limits of borrowing and trading leverage. 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. I made it but they told that will send me email in 1 week.
Key Features & Advantages of Okcoin
It also offers advanced trading types and features for experienced traders. 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.
First of all, there are two types of accounts that customers can sign up for. The first one is the individual account, which is meant for only one person’s single-use. You can either make your account through the OKCoin site or its app. When you open either of these, the option for Sign Up will pop up. All you have to do is click on this, and it will redirect you to the section where you can start the process.
Conclusion: Okcoin Review
The OKCoin is one of the most liquid, stable and advanced platforms today. Top of the line exchange, especially for professional traders. The company offers a lot of advanced order types, including Iceberg orders, trailing stop orders and TWAPs. A decent exchange with low fees and instant buying power. And if you work on the app UI that would be great to make it more user friendly plus pro version. The staking section is good and the more you add coins for staking, the much better.
To access an Okcoin, sign-up on the Okcoin exchange website. Fill up the given form, tick the agreement box, and click Sign-Up to log in to the new Okcoin account from its website. OKCoin is a largest Bitcoin exchange in the world with a volume of over 16 million Bitcoins per month. Wired $2300 USD to my account, waited and them money never arrived.
I’m now in the UK setting up my own company, a small business not in the bitcoin space. I continue to support the growth of bitcoin though, and I hope to contribute more in future. Even though I don’t buy anything on their platform besides Bitcoin and STX, it’s impressive how fast they bring products to market. Their Earn product is next level, if custody is your thing. Their integration with Polygon, Tron, and Lightning puts them way ahead of any other exchange in the US. It is a Margin Trading Service that invests your money and when they lose, they clayback your account to pay for the over charge lose.
Okcoin Reviews FAQs
Well I’ve given them 1.5BTC and taken out 32BTC with another 8 on my account still so… Don’t know if this is true or not, but even if it is why is this a scam? Every retail forex broker in the world trades against the client order flow. EToro USA LLC; Investments are subject to market risk, including the possible loss of principal. “Virtual currencies are highly volatile. Your capital is at risk.” Now it is time to explore the darker side of Okcoin and see what areas the platform lacks in.
This shows that OKCoin has provided the easiest and quickest way for users to sign up and start working immediately. This prevents any wastage of time and ensures that as soon as customers are ready, they can start using OKCoin’s services. It is also a simple one that will not require days to process.
Okcoin Supported Assets
A major drawback to the app, however, is it does not let you view full charts or submit limit orders when purchasing crypto. It will let you easily buy at market or set up recurring payments, but it certainly won’t be an app for traders. Nevertheless, it’s a well-crafted app that passive investors will find quite enjoyable.
In either case, though, it is much cheaper than doing a credit card deposit. Once funds are in your trading or funding account, there are no additional fees. 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. As every transaction is held online in the world of crypto trading, there are many chances of scams and frauds as well. For that reason, it is the exchange’s responsibility to set up the best security protocols, which will give traders peace of mind while trading. The interface of the platform and the app is very user-friendly.