The platform gains an edge over basic decentralized exchanges because of its ability to aggregate liquidity, thereby allowing users to get the best rate on their trades. One of the most safe and promising exchanges of the market offers to its customers the robust cryptocurrency trading and rapid transactions. The OKCoin is one of the most liquid, stable and advanced platforms today. Top of the line exchange, especially for professional traders. The company offers a lot of advanced order types, including Iceberg orders, trailing stop orders and TWAPs.
Complaints Against Okcoin
- OKCoin is a cryptocurrency exchange that offers multiple cryptocurrencies for online trading via the provided trading platforms.
- However, there is no regulatory information on the Exchange’s website currently.
- They provide traders with useful trading tools, educational resources, and a professional customer support team.
- OKCoin is one of the largest fiat-to-crypto trading platforms in the world.
- You may wish to view our best crypto brokers for regulated alternatives.
- OKCoin is the perfect exchange for experienced traders as they offer traders a variety of advanced trade types.
Stock Market Options
This is a strong competitive edge in the market and distinguishes OKCoin from most other top crypto exchanges. The trading volume at this OKCoin Review exchange is not overly impressive. On the date of last updating this review , OKCoin’s 24 hour trading volume was USD 1.7 million.
The exchange supports only two FIAT currencies – US dollar and Chinese Yuan . There’s the same number of supported digital currencies – only Bitcoin and Litecoin are available for trading. When completed Level 2 provides 50,000 US dollar limit on daily deposits and withdrawals for personal accounts and 500,000 US dollars limit for corporate accounts.
It is one of the oldest, and one which has no known big breaches. You can consider OKCoin safe with your capital in good hands. Remember never to keep more than you intend to trade or exchange.
OKCoin offers multiple cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ethereum Classic, Bitcoin Cash, EOS, and Ripple, for online trading via the provided trading platform. Deposits are found under the account tab, which also englobes withdrawals, transaction history and referral activity. The options OKCoin Review enabled in this section will strongly depend on the verification level, as it was previously mentioned. Assuming you have the necessary level for the type of deposit you want, you can use either Bitcoin, Litecoin, Ethereum or fiat. Deposits in cryptocurrencies have no limits and incur in no fees.
The higher their trading volume gets, the more the fees decline. Especially for high volume traders, institutions or market makers, OKCoin offers special fee schedules tailored to their needs. The simplistic design of the web-based trading platform makes it possible that both professionals and individuals can use it easily. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments.
Outlined in previous blogs, the value of DeFi tokens and value of cryptocurrencies locked in DeFi protocols has skyrocketed. Trade bitcoin from any device on the leading global cryptocurrency exchange. There’s an innovative, inclusive, transparent and inspiring company culture.
OKCoin is a cryptocurrency exchange that offers multiple cryptocurrencies for online trading via the provided trading platforms. They provide traders with useful trading tools, educational resources, and a professional customer support team. However, there is no regulatory information on the Exchange’s website currently.
74% of retail investor accounts lose money when trading CFDs with this provider. 73.57% of retail investor accounts lose money when trading CFDs with this provider. 79.3% of retail investor accounts lose money when trading CFDs with this provider. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
There are a lot of complaints from that period about the exchange refusing the documents from International users without explanation and preventing them from withdrawing their funds. The website looks great and is very well adjusted for the professional traders.
The same amount of limits apply to both fiat and token withdrawals as well for the two verification levels, i.e. a total withdrawal limit of USD $1 Million and USD $2 Million (for Fiat+Crypto combined). Epay deposits are charged at 1% of the transaction, while withdrawals are free. If you’re looking for https://forex-review.net/ an anonymous trading exchange, this surely isn’t for you. Although you can peek at our Binance review which is a lot more anonymous. And finally, the third-level of KYC verification requires users to get on a Skype call with the company representatives, and display their Cards/documents in real-time.
Their main target market is China/Asia, but they also accept global customers. Withdrawals of funds from OKCoin can be made the same way as deposits, through bank and wire transfers for fiat money, and through cryptocurrency OKCoin Review transfers between digital wallets. OKCoin.com offers bitcoins and other cryptocurrencies for exchange or margin trading. OKCoin is a promising platform with 0% fees, margin trading, margin futures, and more.
In a nutshell, if it’s available in your country it’s probably worth a try. There are additional limits depending on a user’s KYC levels. Maximum fiat deposit possible for a KYC-2 and KYC-3 account is USD $1,000,000 and USD OKCoin Review $2,000,000 respectively. Credit/Debit card deposits however have a minimum requirement of USD $50.00/deposit and maximum limit of USD $500.00/transaction. There also is a monthly maximum limit of USD $1000.00 deposit.
Although being honest, the KYC-1 verification is mostly useless. That’s so because users aren’t allowed to deposit funds unless they’ve atleast completed KYC-2 verifications. I am a trader as well, and hence there are a couple features I ponder upon before finalizing an exchange for my trades.
Both these 2-FA verification methods are used to send and verify codes, notify the user of major changes in their accounts and to make major changes as well. It’s being mentioned because the security page may be misleading for now and give users a false sense of security. And KYC-2 verifications do involve users uploading their Identity proof such as Licenses and Passports. OKCoin is not a scam, maybe in another reality, but not here.
OKCoin exchangecertainly may be called the leader of cryptocurrency trading among effective international platforms. Trade values here reach BTC on what seems like a daily basis.
OkCoin is backed by top investors including Tim Draper, Ceyuan, and Mandra Capital. This website provides information about cryptocurrency exchanges, trading, information about Bitcoin and other cryptocurrencies. Trading and investing involves risk of losing your capital.
The reviews and articles on this website are unbiased and are not a financial advice. With OKCoin being a big exchange coming from China, you would not normally expect high security or quality. But that was in the past, now things are different as the time goes and they became better in building stuff, the exchange gradually provided very high security and stability for the users.
Kava is built on the Cosmos Network, which operates through a Proof of Stake consensus mechanism, not mining like most other blockchains. Similar to Aave, Compound offers users the ability to lend and borrow a swath of leading cryptocurrencies. The protocol is backed by notable investors such as Andreessen Horowitz , Bain Capital Ventures, Paradigm, and Polychain Capital. Core to the DeFi ecosystem are decentralized exchanges , which facilitate the trustless transfer and listing of new tokens.
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 OKCoin Review 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.
The fees for deposits and withdrawals depend on what you choose. We aim to provide unbiased online trading broker reviews to give traders a clear understanding of the different brokers available to them.
OKCoin is not a regulated cryptocurrency exchange under any financial regulatory agency. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
This level of verification allows deposits up to 2000 US dollars per day, but withdrawals are not allowed. The exchange also offers a discount to makers, https://forex-review.net/okcoin-review/ who trade at a fee of 0.10%. This is especially beneficial for the investors not interested in picking up existing orders from the order book.
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 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.