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Sunday, April 14, 2024

OKCoin Cryptocurrency Exchange Review – Everyone is a Trader

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About OKCoin Cryptocurrency

OKCoin Cryptocurrency is a digital asset trading platform, established in 2013 by Star Xu in Beijing, China that offers fiat trading with cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin) for individuals and professionals. Their mission is to create an efficient, reliable and secure platform that removes any trading barriers globally. Their main target market is China/Asia, but they also accept global customers.

OKCoins special priority is customer support and satisfaction, wherefore transparency and reliable and fast support are key. Experts provide the products and services for customers tailored to their needs, like a mobile app to access the platform and for more advanced traders a variety of trade types like margin trading, futures, Iceberg order, trailing stop orders, etc.

Building a responsible financial ecosystem for digital currencies. They make it easy and safe to buy and sell crypto assets using local currencies globally. They give you the tools, visibility, and human support to do more with your money — instantly, securely, and at a low cost. OKCoin is headquartered in San Francisco with offices in US, Hong Kong, Malta, Japan, Korea, and Singapore.

Exchange NameOKCoin Cryptocurrency
Exchange TypeCryptocurrency
Maker Fee0.05%
 Taker Fee0.10%
 Social SupportTwitter
 Alexa RankN/A
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

OKCoin Fee

RatesTransaction FeeTiers P1 – P7 are eligible forOKCoin Premier benefits.

User Tier30-day Trading Volume (USD)Maker FeeTaker Fee
Lv1< 100,0000.10%0.20%
P1≥ 100,0000.07%0.14%
P2≥ 500,0000.05%0.10%
P3≥ 2,000,0000.03%0.08%
P4≥ 5,000,0000.01%0.07%
P5≥ 10,000,000-0.005%0.06%
P6≥ 20,000,000-0.01%0.04%
P7> 30,000,000-0.01%0.03%

Your trading fees are determined by trailing 30-day volume. 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. Your 30-day trading volume is calculated every day at 00:00 (UTC+8).

Transaction fees are charged in the asset you purchase. For example, if you buy BTC/USD the fee is charged in BTC. Rebates are paid in the asset you sold. For example, if you buy BTC/USD the rebate is paid in USD.Market MakersIf you are a professional market maker, contact us at ccs@okcoin.com to learn more about available incentives.Margin Interest RatesMargin interest rates fluctuate in real time between the highest and lowest possible daily rates, depending on supply and demand.

Type of AssetLowest InterestHighest Interest
Digital Assets0.005%0.025%

Deposit and Withdrawal Fees OKCoin offers a variety of deposit and withdrawal channels. The fees for each are detailed below.

ChannelDeposit FeeWithdrawal FeeDeposit Minimum
Signature Bank (Bank Transfer)FreeFreeCorporate: from USD 100
Individual: from USD 50,000
Silvergate Bank (Bank Transfer)FreeFreeFrom USD 100 (US users only)
Prime Trust (Bank Transfer)FreeUSD 35/transactionFrom USD 100
Epay Account TransferOKCoin charges 1%FreeNone
Prime X TransferFreeFreeFrom USD 100
Bank Frick
(SEPA and Wire Transfer)
FreeEUR 1 (SEPA)
EUR 18 (Wire Transfer)
From EUR 5
  • * When making a deposit, your sending bank might charge a handling fee. When making a withdrawal, your receiving bank might charge an intermediate fee. These transaction fees are not charged by OKCoin. The above transaction fee is not charged by OKCoin.
  • * Although OKCoin uses multiple banks to receive your deposits, you are not required to use the same bank to make a deposit. We accept bank transfers from global banks, excluding countries outside our areas of operation and China. For details, please refer to your bank’s policy regarding digital assets. For details, please refer to your bank’s policy regarding digital assets.

Why Choose OKCoin 

Top Grade Security

They keep your deposits safe through offline storage, 24/7 transaction monitoring, and multi factor encryption.

Best Uptime

Downtimes are so 2017. With the best uptime in the industry, you’ll be able to trade when the market is hot.

Mobile Support

If you require that your exchange is also available as an application or a downloadable client for your desktop, then you have come to the right place. OKCoin is available for download at both the App Store and Google Play. It is also available as a download client for both macOS and Windows.

OKCoin Security

The exchange has implemented technologies such as GSLB, distributed server clusters, distributed storage, and a high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, and hot wallets with offline private keys. All of the foregoing are of course implemented to ensure maximum security.

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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