Okcoin Cryptocurrency Exchange Review : Pros & Cons

About Okcoin

Okcoin is on a mission to make crypto investing and trading easily accessible to anyone around the world. They are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto. Okcoin is a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. They are a collective of global citizens with a common passion to help decentralize finance and level the economic playing field for everyone around the world.

Information Table

How To Register At Okcoin Exchange ?

To register on Okcoin, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your Okcoin Cryptocurrency Account ?

There is no mandatory verification at Okcoin, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of $5,000. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Okcoin, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Okcoin Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Okcoin Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Okcoin Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Transaction fees

Your trading fees are determined by trailing 30-day volume. All volume is converted to USD using the exchange rate of the digital asset at the time of the transaction. Transactions in non-USD base pair markets are also converted. Your 30-day trading volume is calculated every day at 00:00 (UTC+8).

Transaction fees are charged in the asset you purchase. For example, if you buy BTC/USD the fee is charged in BTC. Rebates are paid in the asset you sold. For example, if you buy BTC/USD the rebate is paid in USD.

Deposit and withdrawal fees

You can deposit and withdraw cash using different methods, including:

• Wire and international transfers
• ACH instant transfers (US ACH Direct Debit transfers)
• SEPA transfers
• Debit and credit cards (Visa and Mastercard)
• Etana
• TED and Pix
• Silvergate SEN
• PrimeX
• Signet

Third-party payment

Using Okcoin as your third-party payment provider to buy crypto:

Features Of Okcoin Crypto Exchange

Available At Android & IOS Store

Okcoin Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading .

Get in a little at a time

When you’re ready to buy bitcoin or another asset, consider buying a small amount — and then slowly buying more over a period of weeks or months. This helps you buy at a better price on average, instead of trying to time the market.

Automate and earn

Need help remembering when to buy? They’ve got you. Set up an automatic daily, weekly, or monthly purchase. And know you’ll get lower fees than any other exchange.

Fast funds. Fast gains

From Apple Pay to instant deposits, you’ve got options for getting the funds you need, when you need them.

Take the market to go

Your new mobile experience gives you fast transactions, low fees, and personalized price alerts for the assets you care about — wherever you are.

User-friendly interface

The platform has a user-friendly interface that makes it easy for users to buy, sell, and trade cryptocurrencies.

Mobile app

Okcoin has a mobile app that allows users to access their accounts and trade cryptocurrencies on the go.

Secure platform

Okcoin uses advanced security measures, such as two-factor authentication and SSL encryption, to protect user assets and data.

Customer support

The platform provides 24/7 customer support to help users with any issues they may encounter while using the platform.

Fast and efficient trading engine

Okcoin has a fast and efficient trading engine that processes transactions quickly and accurately.

Multi-language support

The platform supports multiple languages, making it accessible to a wide range of users.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

Okcoin Conclusion

Okcoin is a digital asset trading platform that offers a range of features for trading cryptocurrencies. It is a reputable platform with a strong focus on security and user experience. Some of its key features include a user-friendly interface, mobile app, 24/7 customer support, and advanced security measures such as two-factor authentication and SSL encryption. Additionally, Okcoin has a fast and efficient trading engine that processes transactions quickly and accurately. It is important to note that the specific offerings and features of Okcoin may vary and change over time.