OKCoin uses various security systems to safeguard the funds of its customers. Binance, however, charges a constant fee of 0.1% just like OKCoin, but provides an additional 0.025% discount when its users pay using BNB (Binance Coin). As a comparison, Coinbase charges fees of 0.5 to more than 1%, besides spreads.

All reviews

OKCoin app is available for both Apple and Android users. So if you’re interested in major cryptos, decentralized finance (DeFi) projects, or stablecoins, you can easily jump right into those sections without any hassle. Additionally, the exchange has a detailed help center to answer all your burning questions. In fact, everything is nicely labeled and easy to understand. By staking or lending your crypto with Okcoin, you can sit back and watch your rewards grow.

  • OKCoin also serves as a super cool margin trading platform for its users.
  • A pedigree that, in my opinion, accounts for OKCoin being so obsessed with speed, volume, and near-perfect uptime.
  • Despite its limited range of supported cryptocurrencies, OKCoin does handle a mind-blowing 16 million Bitcoin transactions monthly by its users.
  • What makes this exchange stand out is its user-friendly platform that’s perfect for beginners.
  • Depositing funds is also easy on the exchange, with multiple options such as wire transfer, SEPA, and ACH.

Written by the company

This is a scan, I can't withdraw my money. People need to be patient & they customer support can really help you. When I made a mistake & sent some STX to wrong wallet they really help me get all my STX back in a timely fashion. From deposits to transfers they have made it easy.

With earning interest on your crypto being all the rage these days, thanks to the rise of decentralized finance (DeFi) platforms like Nexo and Crypto.com, Okcoin is nowhere behind in the competition. You can do this by depositing fiat currency, cryptocurrency, or even purchasing some using a Visa credit card. No matter which verification level you choose, you’ll need to add funds to your account. It gives you access to market data, such as previous prices of trading pairs. The account and trading APIs require an API key for verification. That means you can make crypto trades, stake your assets, make deposits, and even withdraw funds from your phone.

Comparison with Other Exchanges

If they haven’t taken your money yet, try to get it away from them because they will rip you off. It asks me to deposit so they can release my funds? And why should they need sensitive information when I want to delete my account. Account registration dateLast login dateLast trade details (asset, amount, and whether it was a buy or sell)Main assets held in your account

This means you can go beyond just buying and selling crypto. That’s right, you can make your crypto work for you! Signing up for an OKCoin Exchange account is a breeze! Precisely, it has a blog that covers various crypto topics, which is helpful.

Unable to remove an account easily

OKCoin has been around since 2013 and operates in over 192 countries, making it one of the oldest and most popular crypto exchanges worldwide. Nevertheless, traders wanting a broad range of coins, access to derivatives in the U.S., or additional benefits may prefer exchanges, such as Binance or Kraken. Newcomers can use basic buy/sell options, while more experienced users can use customizable charts and a trading environment. In general, the exchange has had a positive history without significant security incidents and a well-developed compliance system. To provide an additional level of protection to the accounts, the platform implements two-factor authentication (2FA) for logins and withdrawals. Customer funds are held offline in cold storage, with about 95% of the customer's money held offline, as opposed to online threats.

All you need to do is deposit your crypto into their staking/lending pool, and you’ll start earning rewards. This wide availability makes OKCoin a global platform. The exchange has offices in cities like San Francisco, Malta, Hong Kong, Singapore, Japan, and Korea and is available in over 190 countries.

This was my old email account, need to change it

Entrepreneur, opinion leader, founder of Bitmedia with multiple successful product launches in crypto and gaming business since 2012 The company is headed by Hong Fang as OKCoin CEO and is supported by some of the recognizable venture capitalists. The verification of identity on OKCoin is usually fast and easy.

Hoping To Be A Long Term Customer

A spot account is your primary wallet for real-time crypto trading without leverage. OKCoin is a licensed and regulated cryptocurrency trading platform that trades in the U.S., Europe, and other locations. The OKCoin site is easy to navigate and has a responsive web-based platform, where users can switch between account overview, price charts, and trade execution. The platform has informed that user accounts, balances, and services will be automatically moved, without trading or custody interruption. OKCoin is also a significant constituent of the international cryptocurrency ecosystem that offers a simplified and compliant trading experience that can be used by new and professional traders.

The exchange also accepts credit and debit cards. OKCoin is truly global, serving traders in 192 countries, including the United States, Canada, Singapore, the United Kingdom, and Australia. You can use these to get market data, trade, or withdraw. Once you sign up for an account, you can create API keys with different permissions. These APIs let you do things like placing or canceling orders, checking your order status, and viewing your account information. Above all, the OKCoin mobile app gives you all the same features as its web platform.

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Companies can ask for reviews via automatic invitations. Customer support hasn't responded in a month, and now my account access is "no longer available". Please help me withdraw my money in my account.thank u This is a bad company dont put your money in it you will not be able to make a withdraw complain to the review on my display picture and thank me later Once we confirm receipt of your financial service fee, we will complete the withdrawal for you.

Withdrawal Fees

This OKCoin review explores its features, fees, security, and more. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. The platform refused to release my funds unless I paid “tax clearance fees,” “profit unlocking fees,” and even a ridiculous “international audit fee.” It was obvious they were stalling. Easy to navigate the platform, easy to communicate with support, and whatever problems you have, they will try to resolve.Overall, I am satisfied.

OKCoin Exchange Fees

  • So if you’re interested in major cryptos, decentralized finance (DeFi) projects, or stablecoins, you can easily jump right into those sections without any hassle.
  • With its reputation for regulatory attention and convenient tools, OKCoin has positioned itself as a trustworthy and transparent exchange.
  • Precisely, it has a blog that covers various crypto topics, which is helpful.
  • You have held my money hostage for months!
  • Instead, this exchange lets its customers earn up to 10% interest on their crypto holdings.
  • They create all sorts of hoops to make it impossible to access your account and withdraw your money.This was their email to me.Provide this information to continue to reset your GA.

They create all sorts of hoops to make it impossible to access your account and withdraw your money.This was their email to me.Provide this information to continue to reset your GA. By the end of the month, they succeeded in recovering my entire amount, and the money was safely deposited into my bank account. Hasn’t replied to negative reviews

OKCoin is a global cryptocurrency exchange that wants to give you the best trading experience. This detailed review will help you explore all the ins and outs of this crypto exchange, allowing you to make the most of the platform. In fact, it’s a great platform for anyone looking to dive into the world of crypto trading. Whenever you purchase or sell cryptocurrencies on OKCoin, all the transactions are settled instantly, and the funds are held in this account.

New users must complete verification level 2 to qualify for this referral program. Users can earn $10 in Bitcoin by referring new customers who deposit or trade $100 or more on the platform. Yes, it is regulated in the United States, allowing users to buy and sell digital assets using fiat currencies.

Okcoin supports over 10 cryptocurrencies for this, so you’ve got options! Depositing funds is also easy on the exchange, with multiple options such as wire transfer, SEPA, and ACH. Additionally, OKCoin is a versatile platform that appeals to traders of all levels, providing a user-friendly interface for beginners and advanced users. Furthermore, the exchange boasts a community of over 100,000 active investors and traders, so you’ll be part of a lively group of crypto enthusiasts. I think that OKCoin will be most appropriate for beginners and intermediate traders who would like to have a simple and legally compliant platform to purchase, sell, and stake crypto. Compliance, security, and accessibility are high priorities for the platform, and this allows it to stand out among the high-risk and speculative platforms that are common in the market.

Okcoin is a registered money services business (MSB) with the Financial Crime Enforcement Network (FinCEN).See more https://forex-review.net/okcoin-review/ We perform checks on reviews 1) Extremely disappointing that Okcoin cancelled STAKING from the entire Canadian market when each province has its own 'SEC' and only Ontario & Quebec have been unfriendly to crypto. Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews.