The trading application utilizes all the features of the web-based platform in a mobile-enhanced version of the platform. ™Forex Peace Army, ForexPeaceArmy, FPA, and the FPA Shield Logo are all trademarks of the Forex Peace Army. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
OKCoin provides two platforms”okcoin.com” and”okcoin.cn” which operates from different entities . Both offer the OKCoin Review same functions but with different fiat currencies but cannot be simultaneously operated from a single account.
Complaints Against Okcoin
Let other traders know if this service is worth checking or should be avoided. OKCoin is a Hong Kong Bitcoin exchange that caters to Non-Chinese customers.
in the same section there is a link to “compare” orders among exchanges, particularly useful for arbitrage enthusiasts. Makers are charged from -0.005% up to 0.10% depending on personal https://forex-review.net/okcoin-review/ 30-day trading volume. Signing up is quite easy, you can either register with a mobile number or an email. After filling the registration form you just have to verify your account.
Once your deposit has been received by the site and credited to your account, you will be able to open orders. Everything you need to place, manage and view orders is found under the Trade menu, located second in the main bar.
Stock Market Options
- Users of OKCoin all fall under the same account type but there are different verification levels which grant traders greater deposit and withdrawal amounts.
- They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure.
- However, the exchange has built up a viable reputation among its users and the cryptocurrency community.
- You will then be required to submit identity verification information for deposits and withdrawals.
- As with most cryptocurrency exchanges, OKCoin is not regulated by any reputable financial regulatory authorities.
- Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.
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They finally told me they could not credit the funds because the transfer dindn’t arrive. OKCoin is a serious trading company with a product that is pushing the Bitcoin market forward. Before launching an international website, many non-Chinese users had problems with verification.
One of the reasons for OKCoin’s success is their fee schedule. The fees are very low in the International market and unmatched in the Chinese market. Currently, OKCoin is focused on the Chinese market, but the company stated that they plan overseas expansion. OKCoin is a largest Bitcoin exchange in the world with a volume of over 16 million Bitcoins per month.
The same features are what we will discuss and dissect in this OKCoin review. If you’re on this page, you certainly are on the hunt for a trading exchange. This OKCoin review will slice up the exchange in tiny bites for you to nibble at and digest in its entirety. OKCoin introduces a normal referral program where you can receive 30% of the trading fees.
75% of retail investor accounts lose money when trading CFDs with this provider. Made a deposit using a wire transfer and it never got credited. I contacted support over the period of 1 month and provided the wire transfer trace numbers.
All fees on the Solana network are paid in SOL, which will be burnt over time. The deflationary mechanism is meant OKCoin Review to entice users to stake their coins, which increases security while also netting users extra SOL over time.
We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker. Rates, terms, products and services on third-party websites are subject to change without notice. You should OKCoin Review consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money. Carefully consider the investment objectives, risks, charges and expenses of any investment company before investing.
Silvergate Bank and Prime Trust deposits require a minimum deposit amounting to USD $100.00. Crypto deposits are free, Withdrawal-fee depends on the Cryptocurrencies. Credit/Debit card deposits are processed by Simplex, hence there’s a 5% fee charged by Simplex. OKCoin has an additional charge of 0.45% + USD $0.30 on each transaction. So basically these deposits have a total charge of 5.45% + USD $0.30/deposit.
The service is used by digital coins holder in many countries of the world. Most of platform customers appreciate the user friendly interface, simple account and order purchase/sale, along with the https://forex-review.net/ high security level. Just because of that you can find lots of positive references to the exchange. Unfortunately, OKCoin does not offer their users any sort of bonuses or promotions for trading.
This can pretty much tell how popular the exchange is, if more than fifty thousand bitcoins is being exchanged there daily. The trading pairs even though not very extensive do let users trade the most commonly used and popular coins. The final aspect we’d talk about is the company’s support in this OKCoin review.
The founder of Synthetix once dubbed himself the “inventor of modern agriculture,” as since its launch, users of Synthetix have received yields in SNX. Kyber Network Crystals is a token that has a number of utilities within the protocol. Liquidity reserves are required to pay KNC fees to the protocol.
They also give traders access to a range of educational resources and a professional client support team. OKCoin is a cryptocurrency exchange that provides online digital trading services, offering a platform to spot trade digital assets and facilitate margin lending in certain permitted jurisdictions. They offer multiple cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ethereum Classic, Bitcoin Cash, EOS, and Ripple.
You may wish to view our best crypto brokers for regulated alternatives. OKCoin is one of the largest fiat-to-crypto trading platforms in the world. 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. The OKCoin exchange does not offer as many cryptocurrency assets as many other cryptocurrency exchanges but makes up for it with the advanced trade types.
Deposits and Withdrawals can’t be used as a mode of payment by Chinese traders. Then, the E-mail accounts too are used for security purposes. E-mails can be used for password retrievals, as well as while withdrawing funds.
Report a ProblemIf we get several similar reports, we issue a warning about the exchange. Usage of The Crypto Directory Project indicates acceptance of The Crypto Directory Project’s Terms & Conditions.
The OKCoin exchange may not be regulated, but that doesn’t mean it’s not reliable. OKCoin has proven itself to be a very trustworthy exchange and employs the latest security and encryption protocols for the protection of their users. OKCoin has quite a few options for trading accompanied OKCoin Review by advanced order types which you won’t often find on other exchanges thus making OKCoin one of the most advanced in this area. There are over 10 cryptocurrencies available for trading and exchanging against USD, EUR. And on top of that, you can margin trade them 3x.