Okcoin Review: Crypto Platform For New Investors

To fund Okcoin, select Fund and click Token Deposit. Choose the token and scan the given QR code or copy the deposit address. Find the deposit history in the Token Deposit section for reviewing the funding transactions. People have to verify their identity to secure their assets on the Okcoin website. Unless the verification process is completed, funding will not be available.

The one improvement to the App would be to make it possible to switch it to a Dark Mode if desired. I believe I’m going to be one of those long term customers. OKcoin, may you continue with your long term goals of expanding the possibility for all to obtain and trade crypto currency. Network updates can sometimes take several weeks to be completed.

Okcoin Features & Services Reviewed

The company’s locations include San Francisco, Malta, Hong Kong, Singapore, Japan, and Korea. There, you’ll find all of the necessary data for traders, including a trading chart (in two colour schemes, light or dark). OKCoin Exchange and Prime Trust also announced the launch of its stable coin known as OKcash (OKUSD).

Withdrawing Euros via SEPA and international wire has a fee of €1.5 and €35 respectively. It is free to withdraw funds using a wire transfer in the USA and Etana with Europe. To view the full list of deposit and withdrawal fees, visit the Okcoin website. Okcoin uses the maker and taker fee structure to determine the applicable fees based on the type of order placed.

Okcoin Fees

Right now, if you refer a friend to Okcoin, both of you will split $100 in BTC. All the referral has to do is complete verification level 2 and purchase $100 worth of crypto, https://forex-reviews.org/okcoin/ and each of you will earn $50 in BTC. Rewards earned from referrals can’t be withdrawn for 180 days, which could be frustrating, but it’s still free money after all.

• Keep reading for our full analysis of OKCoin and whether you should consider it the place to buy and sell cryptocurrency.
• 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.
• This is done through a process called DeFi Staking, which essentially allows you to lend your crypto to others in exchange for interest payments.
• But before you start to deposit or withdraw money or funds, you have to register or sign up for one account, either corporate or personal, to get access to Okcoin.
• Okcoin has great ratings from both iPhone and Android users.

The exchange supports only two FIAT currencies – US dollar (USD) and Chinese Yuan (CNY). There’s the same number of supported digital currencies – only Bitcoin (BTC) and Litecoin (LTC) are available for trading. I deducted one star because this is not always the case.

OKCoin Mobile Trading

He was born in California but currently lives as a digital nomad with a home base in Colombia. A well-designed exchange that keeps fees to a minimum, has a solid crypto selection, and offers rewards through crypto staking. I dont like that we lost trading features on the app. I watch every crytpo youtuber and none ever speak of Okcoin. Their website and app make it impossible to buy or sell most of the time. The software doesn’t work, and if you click on sell nothing happens.Costumer support is never available and the page doesn’t load completely.

Currently, OKCoin is focused on the Chinese market, but the company stated that they plan overseas expansion. Our detailed price comparisons and cryptocurrency guides have you covered. Fees are by far the best compared to any big exchange.

They stole my $67,000 worth of BTC

Everything is clearly labeled and easy to understand, which is helpful if you’re getting started with crypto. The exchange explains how to set up an account and start buying cryptocurrencies right from its homepage. The best part about Okcoin is its fees, which are some of the cheapest we’ve found. Trading fees depend on your monthly trading volume, but the most you’ll pay is 0.2%.

Okcoin is a reputable cryptocurrency exchange for individuals to buy Bitcoin and other popular coins effortlessly with cash using a variety of payment methods. The platform is geared toward beginners with a spot market and DeFi earning platform. While there are good features available for intermediate crypto traders, the overall platform is lacking and the fees of 0.1% (maker) and 0.2% (taker) are not the cheapest. Moreover, existing users have rated OkCoin 3.4/5 stars on TrustPilot with numerous reports of poor customer service. Okcoin is a globally licensed crypto exchange platform serving 190+ countries.

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However, there are a number of concerns by existing Okcoin app users regarding network connectivity issues and minor glitches preventing login, ID verification and withdrawing funds. The response time on help tickets for customer support issues using the mobile app also appear to be slower when compared to the desktop site. It’s been exactly 2 months they don’t refund my $600. I hope people read this review before they deposit any money. Someone responded my other review saying email your concern to provided email but they don’t even care to respond. This company don’t deserve to be in market they are big scam.

I find myself going to OkCoin first, then to my secondary exchanges due to their fees…lowest around. They have pretty good staking percents, easy to move assets around, and (personally) never had any of the issues listed below. They found it and everything was credited automatically.

The security is all over the place

You do need to connect a funding source so you can get started buying crypto. Okcoin recently delisted Bitcoin Cash and Bitcoin SV, citing concerns about misinformation and confusion among users. For those who want to trade more than $2,000, there are additional requirements. You need to upload a picture of your government-issued ID to trade up to $1 million.