As far as its crypto offerings, the exchange offers only spot trading at this time, with 64 coins and 77 trading pairs offered. Investors can use the automatic investing features for recurring buys. Users of all types can fund their account with payment rails available via Apply Pay and instant deposits, as well as with credit cards. There is fiat support for USD, EUR, and SGD pairs, as well as crypto-to-crypto pairs.
Okcoin Exchange Review 2022:Is It Safe? Trading Fees, Features.
Many tokens I have find in Okcoin.Simply, user friendly interface,Better reward campaign. It was a little hard to figure out for a beginner but not really hard. Speaking of OKCoin vs OKX, it is necessary to mention that both platforms are owned by OK Group but are used to address various regulatory requirements. OKCoin focuses on the highly regulated areas, such as the U.S., whereas OKX is more focused on expanding internationally. The platforms operate independently, even though some features and listings can overlap, in order to address different compliance requirements.
OkCoin is a centralized cryptocurrency exchange that offers 65 cryptocurrencies and 77 trading pairs. With 100k+ active traders, 190+ countries served, it is ranked among the top cryptocurrency exchanges by volume. BitMEX provides a trading platform tailored for institutional and professional traders, offering services such as low latency trading, high liquidity, and robust security measures. Unique features include a zero crypto loss record since 2014, multi-party computation (MPC) for asset security, and a bi-weekly Proof of Reserve and Liability (PORL) process for transparency.
OKX, Okcoin, or OneSafe: Which is the best platform for you?
To deposit cryptocurrencies you just need to select the funding tab and send as much as you want to the respective address found there. Getting verified at level 1 is as easy as confirming your email and basic information. To be approved for level 2 you need to provide more detailed information about yourself, verify your phone and send them a picture of your passport and any valid ID. You can get even more from your crypto with ourfee-free staking and DeFi offers with Okcoin Earn. In March, Okcoin became the first and remains the only U.S. licensed exchange to integrate Lightning for deposits and withdrawals. In October 2023, OK Group announced a rebrand from OKCoin to OKX, aiming to unify crypto services and improve user experience under a single ecosystem.
You guys froze my account without…
The exchange is licensed and permissioned to operate in 180+ countries including the US and EU. After an initial hiccup, OK coin has come out with flying colors. I like the app interface, which they keep constantly changing.
Mobile App
Through an integration with Unstoppable Domains, OKCoin turns difficult crypto addresses into human-readable words. Instead of the number and letter soup that is the industry standard, users can now type a simple name to access their funds. There are several other unique features that OKCoin offers besides trading and interest-earning opportunities. OKCoin offers one of the most robust and secure platforms on the market.
The Trustpilot Experience
For LTC and BCH, only 5x margin trading is available at the time of press. Users may also use Visa-based credit and debit cards to fund their accounts. This channel takes a 2.99% transaction fee, and users must send a minimum of $50.
The platform has informed that user accounts, balances, and services will be automatically moved, without trading or custody interruption. This step indicates that OKCoin plans to remain competitive and flexible in the rapidly developing crypto-environment. If you want to constantly have problems with withdrawing money and coins, top up your account on the same exchange. Every time you encounter a problem, the support service will advise you to try later, for a month, and simply close the chat.The last customer service operator used caps lock when writing my name. Well, it’s nothing special 😆I will close my account only because of the operator. Binance requires full KYC now to trade even spot products, and Okcoin requires full KYC as well to use.
Unique features like deep liquidity, low latency trading, and robust API integration make it a versatile platform for high-value clients. With over a decade of experience, Kraken offers tailored solutions to meet the diverse needs of trading firms, asset managers, and other institutional clients. There is a ten business day holding period for newly deposited funds/purchased crypto before they become available for withdrawal. This is a security measure set in place to ensure the integrity of the funds on our platform. The more you use the platform, the shorter this holding period usually becomes. If you have any questions, feel free to reach out to us at and we’d be happy to help.
- The platform positions itself as a leading exchange that offers a wide range of services beyond simple trading.
- What’s more, the exchange taps directly into native DeFi protocols like Compound, Curve, and even Yearn Finance.
- With 100k+ active traders, 190+ countries served, it is ranked among the top cryptocurrency exchanges by volume.
- To be approved for level 2 you need to provide more detailed information about yourself, verify your phone and send them a picture of your passport and any valid ID.
Delta Exchange Review – Pros, Cons, and Features for Traders
One reason could be that you purchased the assets with the precredited funds we provide while the deposit from your bank processes and the deposit ultimately failed. Okcoin also offers institutional services for institutions such as asset managers and hedge funds, intermediaries, liquidity providers, trading firms, and more. This is done with the exchange’s more advanced trading platform geared for institutional use, 24/7 global client services, flexible settlement options, and account management APIs. The stupid part about it is it doesnt say you cant withdraw/send your fund before you make the purchase it says it after you pay for the coins. Its a damn scam.most people say 3-4 business days because thats all it takes.
We understand that these processes can be inconvenient, but we truly have your best interests in mind. If you’d like to continue, please send the requested information to or message us on Twitter @okcoinhelpdesk to expedite regaining access to your account. This sounds like an individual account issue rather than a problem with the platform. If you send a quick direct message to @okcoinhelpdesk on Twitter, our customer service team would be happy to help you with your withdrawal. Plus, FTX offers access to more fiat rails as well as more expanded suite of products such as its NFT marketplace and even leveraged tokens. In the competitive landscape of cryptocurrency exchanges, fee structures play a pivotal role in attracting traders.
The company has been operational since 2013, and its security track record is good with no major incidents reported. It is credible because of its long history and adherence to international regulations. Gemini offers 62 coins and 86 trading pairs which is about the same as the amount offered by Okcoin. Another similarity is in Gemini’s presence of crypto financial services offerings, which are also similar to Okcoin’s Earn product. Derivatives traders who want to trade margin, extensive crypto futures pairs, or leveraged tokens and options will prefer FTX since Okcoin offerings here are nonexistent for US and EU users. Lastly, Okcoin also runs a grants program for supporting developers, especially those working on bitcoin core development.
They okcoin review stole my coins, told me to “verfiy” my identity so I can withdraw them, but the site won’t allow me to proceed with the identify process. Customer support hasn’t responded in a month, and now my account access is “no longer available”. Buyer Beware these are Chinese scammers living in the USA. You need to jump through some hoops and then email them. No they are asking for a copy of my I-D to remove an account I am not using and with zero balance.
- AI adoption in crypto payroll is rising, yet trust issues persist.
- My loss and withdrawal issues has been resolved and my money returned, my email is on my profile write me i am willing to share helpful tips about my procedures.
- Users are asked to verify themselves before executing any buy orders, withdrawals, or accessing the Earn function.
- Funding mechanisms and margin trading differ from country to country, so it’s important to check this list for a specific country’s details.
- Trading fees are incurred when an order is filled by the exchange’s matching engine or P2P service.
The transfer fee for individual users is 0.1% of the amount deposited, whereas, for corporate users, the transfer fee is zero. However, there are no bank fees included in this deposit fee. To deposit USD using a bank or wire transfer, both of which cost a 0.10% fee and have a minimum fee of 15 USD.
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