Okcoin Exchange Review

Searching for a place to invest in cryptocurrency? We’ve got you covered! Our review of the Okcoin exchange will reveal why it’s the ideal choice. Discover its features, safety protocols and overview. Get ready to find the ideal exchange for your crypto journey! Don’t look any further!

What Is Okcoin

OkCoin is an online exchange offering crypto trading, margin trading and more. Established in 2013, it has attractive features for both novice and seasoned traders.

The platform is easy to use and comes with various order types, such as iceberg orders. These enable users to hide their orders from the public.

Okcoin also offers many other services, like trading tutorials, market analyses, and margin trading options.

Users can also invest in stocks and indices, such as the S&P500, DJIA30, and Nasdaq 100.

OkCoin offers a good user interface, powerful features, and competitive fees. Hence, OkCoin remains a top choice for cryptocurrency traders worldwide.

Advantages and Disadvantages of Okcoin

A review of Okcoin explains why so many traders choose this platform:

• Firstly, it’s trusted and offers safe storage of funds – a must when trading cryptos.
• It has low fees,
• and secure trading systems,
• It’s easy to use,
• There is a mobile app,
• User reviews are mostly positive,
• They accept a range of payments, including PayPal and credit cards,
• Also, there is a variety of coins available, so traders can invest in any currency they choose.

Weighing up the pros and cons of Okcoin, the benefits far outweigh the drawbacks.

Some drawbacks exist too:

• Customer support has received mixed reviews.
• Accounts can be restricted if they fear suspicious activity or money laundering.

Cryptocurrencies on Okcoin

The selection of coins and tokens comprises of major cryptos, like Bitcoin, Ethereum, Litecoin, and Ripple. It also has more than 400 other tradable pairs, including Dogecoin, Zcash, and Ethereum Classic Money-Protocol Token.

Trading pairs include digital currencies like Bitcoin and Ethereum.

Okcoin Features

You can buy and sell cryptocurrencies through wire transfer or credit card, Alipay, and WeChat Pay using USD/EUR/CNY. They also have a referral system that rewards users who bring in new customers.

Full order types are available, such as iceberg orders and stop orders.

Okcoin Exchange offers features not available in other crypto exchanges, such as margin trading and iceberg orders. These can help investors with risk management strategies.

In addition, Okcoin provides helpful resources like charts and analysis tools.

Okcoin Trading Options

Okcoin has different markets, including top-tier exchange markets, margin trading and fiat currency pairs.

Okcoin offers spot trading, margin trading and futures. Spot trades are done directly between buyers and sellers. Margin trading lets you borrow from the Okcoin platform to increase your exposure. Futures let you speculate on future prices.

How to Create and verify an Okcoin account

It’s simple to get your account ready and verified in no time.

1. Fill out the required info on the website. This includes a username, email, and password. After completing this, your account is made, but it won’t be verified yet.
2. Next, you must do the verification process. Provide personal info like your full name and address. You may need to provide documents like a passport or driver’s license. When this is done, your account is ready for higher trading limits.

Creating and verifying an account on Okcoin is the first step for stress-free trading.

How to Deposit and Withdraw money on Okcoin

Here’s how to deposit and withdraw money on this exchange:

• Depositing money on Okcoin is simple. You can use a cryptocurrency transfer or fiat transfer. Select your wallet from the list, send funds to Okcoin’s address. You can also link your bank account for fiat transfers. Once the funds arrive, you can trade any available cryptocurrency.
• Withdrawing funds is easy too. Select the currency and amount you want to withdraw in your profile section. You’ll need to provide proof of identity for security reasons. Withdrawal fees may apply but they’re low compared to other exchanges.

Okcoin Fees and Limits

Okcoin has low fees with no deposit or withdrawal charges – a great advantage.

The Okcoin taker fee begins at 0.2%, but it can change depending on your trading volume in a 30-day period. If you make 200 trades in a month, you get lower fees of 0.1%. This applies to both BTC/fiat and crypto/crypto trades, making it a good option for cost-conscious traders.

Okcoin has different withdrawal fees based on the fiat currency or cryptocurrency you choose. Foreign users must pay a fee in USD when sending USD deposits or withdrawing USD funds related to bitcoin trading. The fee is 0.3% of the transaction amount, but it could be more.

Withdrawal fees depend on the bank’s policy, which varies by jurisdiction. Look into it before submitting your request!

Okcoin Security Measures

Okcoin is a well-known crypto exchange. Security is of utmost importance and several measures have been implemented to ensure a safe environment for users. Verification processes require customers to provide government issued ID, email address and number to open an account. Layers of encryption protect sensitive data and funds are stored in the Okcoin wallet or in cold storage.

Okcoin uses the latest encryption tech to protect user data and communication. They also have two-factor authentication (2FA). Compliant web wallets are available for extra coverage.

Okcoin offers high encryption on storage systems and cutting-edge cyber security measures. You can use fiat currency or other payment methods like credit cards or wire transfers. You can also transfer funds.

Okcoin takes payment from major providers like Visa and Mastercard and also uses third-party platforms for added safety. The Dutch Central Bank regulates Okcoin and clients must meet certain terms of service. These terms are monitored to make a secure trading environment.

Okcoin has a comprehensive system with features like SMS authentication codes and Google authenticator processes. All these measures ensure user access security. Okcoin is devoted to providing customers a safe trading experience.

Okcoin Customer Support

Plus, their customer service team is highly rated in answering queries and providing brokerage help for experienced traders.

Okcoin has 24/7 customer support via email and live chat. Response times are swift. Agents are knowledgeable and helpful with complex questions. They go the extra mile when reviewing or responding to queries.

Users are content with the answers and support provided. Advisors are always available and waiting times are reasonable. They don’t have any major issues.

Frequently Asked Questions

Q: What is Okcoin Exchange?

A: Okcoin Exchange is a digital asset exchange that enables users to trade digital currencies such as Bitcoin, Ethereum, and Litecoin. It offers a secure and easy-to-use platform that allows users to trade quickly and securely.

Q: What features does Okcoin Exchange offer?

A: Okcoin Exchange offers a variety of features including instant trade execution, margin trading, a variety of order types, low fees, and a mobile app. It also provides users with a variety of tools and resources to help them make informed trading decisions.

Q: Is Okcoin Exchange secure?

A: Yes, Okcoin Exchange is a secure platform. It employs the latest security protocols and technologies to safeguard users’ accounts and funds.