OKCoin review: OKCoin is a well-known cryptocurrency exchange platform that provides services for buying, selling, and trading various digital assets. Founded in 2013, OKCoin has established itself as a reliable and trusted platform in the cryptocurrency industry. The company operates globally and serves customers from different parts of the world, offering them a secure and user-friendly trading experience.
One of the key features of OKCoin is its wide range of supported cryptocurrencies. Users can trade popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many others. This diverse selection allows traders to access a variety of digital assets and take advantage of different investment opportunities within the cryptocurrency market.
In terms of security, OKCoin takes significant measures to ensure the safety of its users' funds. The platform implements industry-standard security practices, including two-factor authentication (2FA) and cold storage for storing a majority of the assets offline. Additionally, OKCoin conducts regular security audits to identify and address any potential vulnerabilities, further enhancing the platform's overall security posture.
| 📅 Year of Establishment | 2013 |
| 💱 Coins: | 46+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:3 |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ❌ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Francisco, California, United States. |
Overall OKCoin Review
In summary, OKCoin is a reputable cryptocurrency exchange platform that enables users to buy, sell, and trade a wide range of digital assets. With its robust security measures, diverse cryptocurrency selection, advanced trading features, regulatory compliance, and reliable customer support, OKCoin has positioned itself as a leading player in the cryptocurrency exchange space.
Go to OKCoin website
Top Reviews
Best customer reviews of OKCoin
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
I have been using OKCoin for quite some time now, and I am thoroughly impressed with the wide range of supported cryptocurrencies they offer. The platform's user-friendly interface and advanced trading features have made it incredibly convenient for me to execute my trading strategies. Additionally, their strong security measures and regulatory compliance give me peace of mind, knowing that my funds are well-protected. The customer support team has also been prompt and helpful whenever I had any inquiries. Overall, OKCoin has exceeded my expectations and is definitely a top-notch cryptocurrency exchange.
United States
OKCoin provides a decent trading experience with its diverse selection of cryptocurrencies and basic trading features. The platform's security measures and regulatory compliance are satisfactory, although I would appreciate more transparency in their processes. The customer support is responsive, but there have been instances when it took longer than expected to resolve my issues. While OKCoin serves its purpose as a cryptocurrency exchange, it lacks some advanced trading options and could improve certain aspects to enhance the overall user experience.
Netherlands
I had a disappointing experience with OKCoin. Firstly, their limited availability in certain jurisdictions restricted me from accessing the platform. Additionally, the fees imposed on trades and withdrawals were considerably high compared to other exchanges. The customer support was unresponsive and unhelpful when I encountered an issue with my account, leaving me frustrated and dissatisfied. Overall, I found OKCoin lacking in terms of accessibility, cost-effectiveness, and customer service, making it an unfavorable choice among cryptocurrency exchanges.
Spain
Expert Review
Expert Review of OKCoin
OKCoin stands as a highly reliable cryptocurrency exchange platform in the market. The platform has built a solid reputation over the years, demonstrating its commitment to providing a secure and trustworthy trading environment for users.
One key aspect contributing to the reliability of OKCoin is its strong security measures. The platform implements industry-standard practices, including two-factor authentication (2FA) and cold storage for offline asset storage. These measures significantly mitigate the risk of unauthorized access and protect users' funds from potential cyber threats.
Moreover, OKCoin's compliance with regulatory requirements adds to its reliability. The platform operates under the supervision of regulatory bodies, ensuring adherence to relevant laws and regulations. This commitment to compliance not only fosters trust but also demonstrates OKCoin's dedication to maintaining a transparent and compliant trading platform.
OKCoin's reliability extends to its robust infrastructure and technological capabilities. The platform boasts a stable and efficient trading system, capable of handling high volumes of transactions without significant disruptions or performance issues. This reliability in its infrastructure ensures that users can execute trades swiftly and with minimal downtime.
In conclusion, as a financial expert, I consider OKCoin to be a highly reliable cryptocurrency exchange. Its strong security measures, regulatory compliance, robust infrastructure, and seamless banking integration contribute to its overall reliability. While minor service disruptions during extreme market conditions may occur, OKCoin's track record and commitment to user security position it as a dependable platform for trading digital assets.
Financial expert and analyst at TradersHero.com
Trading on OKCoin involves exposure to the highly volatile cryptocurrency market. Cryptocurrencies are known for their price fluctuations, which can occur rapidly and unpredictably. The value of digital assets can rise or fall significantly within short periods, leading to potential gains or losses for traders. It is essential to understand and be prepared for the inherent volatility of the market when engaging in trading activities on OKCoin.
OKCoin Ern
Investment Programs
Earning money on OKCoin can be achieved through several approaches and strategies. While the potential for profit exists, it's essential to note that trading and investing in cryptocurrencies carry inherent risks, and there are no guarantees of returns. Here are some programs or methods that individuals can explore on OKCoin to potentially generate income:
At present, OKCoin does not provide staking services to its users. Staking, a process where cryptocurrency holders can earn rewards by participating in the network's consensus mechanism or by locking their holdings for a specific period, is not currently available on the OKCoin platform.
While OKCoin offers a range of other services for cryptocurrency trading and investment, such as spot trading and margin trading, the platform does not facilitate staking activities. Staking has gained popularity in the cryptocurrency ecosystem as a means for users to earn passive income by contributing to the security and operations of blockchain networks.
However, it is essential to note that cryptocurrency exchange platforms frequently evolve and expand their offerings to meet the demands and preferences of their users. Therefore, it is advisable to stay updated with OKCoin's official communications and announcements for any potential future updates regarding the introduction of staking services or similar programs.
While OKCoin implements robust security measures, including encryption and cold storage, there is always a risk of cyber attacks or data breaches. Hackers and malicious actors continually target cryptocurrency exchanges in attempts to gain unauthorized access to user accounts and steal funds. Traders should take precautions to secure their accounts, such as enabling two-factor authentication (2FA) and using strong, unique passwords. Additionally, it is advisable to maintain awareness of phishing attempts and other fraudulent activities that may target OKCoin users.
Best Copy Trading Platforms
Conditions
Trading Conditions for OKCoin Users
OKCoin offers users favorable trading conditions through their platform. With a user-friendly proprietary trading platform, users can easily navigate the platform's features and tools. The minimum deposit requirement is set at a low amount, typically starting from $1, making it accessible for both novice and experienced traders.
For those interested in margin trading, OKCoin provides leverage options with a maximum ratio of 1:3. This allows users to amplify their trading positions, potentially increasing their profits. OKCoin supports various deposit and withdrawal methods, including bank cards, bank accounts, electronic wallets, and cryptocurrency wallets, providing users with flexibility and convenience.
Trading commissions on OKCoin are typically calculated based on individual trades, taking into account factors such as trade type (maker or taker) and trading volume. The platform offers a diverse selection of trading instruments, including popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), which can be traded against USD or other supported cryptocurrencies.
Additionally, OKCoin offers a mobile trading application, enabling users to trade on the go. The mobile app provides a seamless trading experience and allows users to manage their accounts conveniently from their mobile devices. OKCoin may also have an affiliate program in place, offering users the opportunity to earn additional income by referring new users to the platform.
| 📅 Year of Establishment | 2013 |
| 💱 Coins: | 46+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:3 |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ❌ |
| 🔁 Copy Trading | ❌ |
| 📊 DeFi Staking | ❌ |
| 🖼️ NFT | ❌ |
| 🏦 Crypto Loans | ❌ |
| 🔓 Demo account | ✅ |
| 🚀 Launchpad | ❌ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | Forums, Chat, Email |
| 👩💼 Support | Multilingual |
| 🗺️ Headquarters | Francisco, California, United States |
Risk Warning
Comparison
Comparison of Binance.com with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
OKCoin Accounts, Commissions & Fees
OKCoin typically offers standard trading accounts to its users. These accounts may support various account currencies, including cryptocurrencies and USD. Users can select the account currency that suits their trading preferences.
When it comes to commissions and fees, OKCoin applies trading commissions that are calculated based on individual trades. The specific commission structure can vary depending on factors such as the type of trade (maker or taker) and the trading volume. It is advisable to review the detailed commission rates provided by OKCoin on their official website or by contacting their customer support for accurate and up-to-date information.
In addition to trading commissions, OKCoin may charge fees for certain services. These fees can include withdrawal fees for fiat currencies, typically set at a percentage of the withdrawal amount or a minimum fee. However, OKCoin generally does not charge fees for cryptocurrency deposits or withdrawals. It is recommended to check the OKCoin website or contact their customer support for specific details on the commissions and fees associated with their trading services.
OKCoin has its own native token called OKB. OKB is an ERC-20 utility token built on the Ethereum blockchain. It serves as the native cryptocurrency of the OKCoin ecosystem, providing various benefits and functionalities to OKCoin users.
OKB token holders can enjoy perks such as discounted trading fees, access to exclusive features and promotions, and participation in token sales and initial exchange offerings (IEOs). Additionally, OKB can be used for staking, where users can lock their OKB tokens to earn rewards.
Transaction fee
| Tier | 30-day trading volume (USD) | Maker fee | Taker fee |
| P0 | < 100,000 | 0.10% | 0.20% |
| P1 | ≥ 100,000 | 0.09% | 0.18% |
| P2 | ≥ 500,000 | 0.07% | 0.16% |
| P3 | ≥ 1,000,000 | 0.04% | 0.14% |
| P4 | ≥ 5,000,000 | 0.02% | 0.10% |
| P5 | ≥ 10,000,000 | 0.00% | 0.08% |
| P6 | ≥ 25,000,000 | 0.00% | 0.06% |
| P7 | ≥ 50,000,000 | 0.00% | 0.05% |
| P8 | ≥ 100,000,000 | 0.00% | 0.04% |
| P9 | ≥ 250,000,000 | 0.00% | 0.03% |
| P10 | ≥ 500,000,000 | 0.00% | 0.02% |
The liquidity of specific cryptocurrencies can vary, and traders may encounter challenges when trying to execute large orders or exit positions swiftly, particularly during times of market stress or low trading volume. Illiquid markets can lead to increased slippage and difficulty in obtaining desired prices, potentially impacting trading strategies and outcomes. Traders should be mindful of liquidity risks when trading on OKCoin and consider the liquidity of the specific assets they wish to trade.
Risk Warning
Final review
Detailed review of OKCoin
OKCoin is a prominent cryptocurrency exchange platform that offers a comprehensive suite of services for individuals looking to engage in the buying, selling, and trading of various digital assets. Since its establishment in 2013, OKCoin has gained a strong reputation as a trustworthy and reliable platform within the cryptocurrency industry. With a global reach, OKCoin caters to customers from around the world, delivering a secure and user-friendly trading experience.
One of the distinguishing features of OKCoin is its extensive selection of supported cryptocurrencies. Traders can access a diverse range of popular digital assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and numerous others. This broad spectrum empowers users to explore different investment opportunities and participate in the dynamic cryptocurrency market.
OKCoin is dedicated to catering to both novice and experienced traders, offering an array of trading tools and features. Users can access real-time market data, interactive charts, and order book depth to make informed trading decisions. Advanced trading options, including limit orders and margin trading, are also available, enabling users to execute sophisticated trading strategies.
An important aspect of OKCoin's operations is its commitment to regulatory compliance. The platform operates under the supervision of regulatory bodies in various jurisdictions, ensuring adherence to applicable laws and regulations. This adherence fosters trust and transparency between OKCoin, its users, and the wider cryptocurrency ecosystem.
OKCoin places a strong emphasis on customer support, providing multiple channels for users to seek assistance, including email support and live chat. The customer support team is responsive and knowledgeable, promptly addressing user inquiries and concerns.
In summary, OKCoin stands as a reputable cryptocurrency exchange platform that facilitates the buying, selling, and trading of a diverse range of digital assets. With robust security measures, a wide selection of cryptocurrencies, advanced trading features, regulatory compliance, and reliable customer support, OKCoin has solidified its position as a leading player in the cryptocurrency exchange realm.
Advantages:
Advantages of the OKCoin exchange:
OKCoin Regulator
OKCoin operates under the supervision of regulatory bodies in various jurisdictions. The specific regulators overseeing OKCoin may vary depending on the geographical location and the services offered by the exchange. As a global cryptocurrency exchange, OKCoin aims to comply with applicable laws and regulations to ensure a secure and compliant trading environment.
It is important to note that regulatory oversight may differ between jurisdictions, and the level of regulation can evolve over time. Compliance with regulatory requirements helps foster trust and transparency between OKCoin and its users, as well as the broader cryptocurrency ecosystem.
For accurate and up-to-date information on the regulatory framework and specific regulators overseeing OKCoin in a particular jurisdiction, it is advisable to refer to the official OKCoin website or contact their customer support. They will be able to provide the most relevant information regarding the regulatory environment within which OKCoin operates.
Risk Warning
Promotions
Bonuses Paid by the OKCoin
Bonuses
One of the distinctive aspects of OKCoin is that the platform typically does not offer bonuses or promotional offers. Instead of focusing on attracting customers through temporary bonuses, OKCoin prioritizes providing a reliable and secure trading environment for its users.
Rather than relying on bonuses, OKCoin emphasizes key factors such as strong security measures, a diverse range of supported cryptocurrencies, advanced trading features, and regulatory compliance. This approach allows users to focus on trading and investing without being distracted by temporary promotional incentives.
OKCoin's dedication to security, reliability, and compliance aligns with its commitment to maintaining a trustworthy and transparent platform. Users can trade with confidence, knowing that their funds are safeguarded, the platform meets regulatory standards, and their trading experience is based on sound principles.
While OKCoin may not offer bonuses, the platform's focus on essential aspects of trading creates a foundation of trust, stability, and long-term value for its users.
Education
Review of the OKCoin Education Program
OKCoin does not offer an educational program, it means that the platform may not have a dedicated or formalized program for providing educational resources, courses, or materials to its users.
However, it is important to note that cryptocurrency exchanges may periodically introduce or update their educational initiatives based on user demand and market conditions. Therefore, it is recommended to visit the official OKCoin website or contact their customer support for the most accurate and up-to-date information on any educational resources or programs they may offer.
OKCoin may still provide some informational resources, articles, or blog posts on their website to help users understand the platform's features, trading processes, and general information about cryptocurrencies. These resources can still serve as valuable references for users looking to enhance their knowledge and trading skills.
Once again, I apologize for any confusion caused, and I encourage you to refer to official OKCoin channels for the most accurate information regarding their educational offerings.
Online Courses:
These online courses may consist of video lessons, quizzes, practical exercises, and interactive discussions. They can be self-paced, allowing users to learn at their own convenience and progress through the course material according to their own schedule.
It's important to note that the availability and specific content of online courses may vary. For the most accurate and up-to-date information about online courses within the OKCoin Education Program, it is recommended to visit the official OKCoin website or contact their customer support. They will be able to provide detailed information on any online courses currently offered by the platform.
Best Online Trading Courses
-
The Future of DeFi: Trends and Predictions for 2024
-
Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
-
Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
-
Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
-
Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
-
The Future of Cryptocurrency: Predictions and Trends for the Next Decade
-
Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
-
Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
-
Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
-
Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
OKCoin Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
OkCoin и OKX – одно юрлицо. Соответственно, речь буду вести сразу о них, тем более у моего знакомого Окекс заморозили несколько миллионов без объяснения причин.
Завёл туда 400 долларов. Сейчас там 4. Почему? Потому что неожиданно для меня они стали взымать комиссии. Без предупреждения, просто взяли и забрали. Когда пришло оповещение, то на счету денег уже не было. За что сняли деньги? За то (вдумайтесь), что у меня лежат деньги на бирже. То есть я завожу ИМ деньги, а они ЗА ЭТО берут комиссию =))) Это, б***дь, что вообще такое?!
Ребята, это ‘кухня’. Обычная кухня, как большинство контор с бинарными опционами.
Категорически не рекомендую OkCoin.com и его клон
I had a bad experience with OKCoin’s withdrawal process. It took longer than expected to receive my funds, and there were no clear explanations or updates provided during the wait. This lack of transparency and timely withdrawals is a major concern when it comes to trusting the platform with your money.
OKCoin’s trading fees are exorbitant. They charge high transaction fees, which significantly eat into your profits. It’s disappointing to see such a lack of transparency when it comes to fees, and it made trading on their platform a costly endeavor.
I had a terrible experience with OKCoin. Their customer support was extremely slow and unresponsive. It took days, sometimes even weeks, to get a simple query resolved. This lack of efficient support is a major drawback for anyone using their platform.
The user interface of OKCoin is outdated and clunky. It’s not intuitive to navigate, and executing trades feels like a chore. The platform seriously needs a revamp to make it more user-friendly and efficient for traders.