OKcoin Review 2022 Accepted Countries, Payment Methods, Coins & User Reviews

Premier members receive access to dedicated coverage, accelerated fiat processing, and a range of other exclusive product features. 2FA is 2-factor authentication, a security method used to confirm the claimed identity of any user by using a combination of 2 different factors. So, get this 2FA by going to the Security section and select Google Authenticator. Scan the given security barcode, insert the numbers and Confirm. The question arises why is it necessary to adopt all of these policies?

okcoin review

An Iceberg Order is one of the order strategies covering full-order size directly from the book of orders. In Trailing stop orders, as the order turns more profitable, the stop price also modifies. Trail orders help protect the capital when they change due to the change in the profits.

OKCoin Exchange: Ease of Use

Whenever there is a lack of clarity around a platform’s back-end security, it is usually best to custodian private keys yourself. The levels of verification are discussed down below, but those options will pop up here. So each time you fulfill the requirements for a verification level, you get the chance to upgrade. As per the reviews of okcoin review the traders and the services that OKCoin offers, they all make it so easy for any reviewer to recommend OKCoin as your crypto exchange.

They have 100+ employees with offices in San Francisco, Miami, Hong Kong, Singapore, and Japan. Okcoin supports crypto purchases with credit cards, offers spot and margin trading, and provides earning opportunities through staking and DeFi lending. Okcoin also allows users to enable recurring payments to easily dollar-cost-average into their investments automatically. The platform is very comparable to exchanges like Coinbase and Gemini and, thus, best suited for new and passive investors. OKCoins special priority is customer support and satisfaction, wherefore transparency and reliable and fast support are key. OKCoin is a Chinese-based exchange that was founded in 2013 and is currently one of the most dominant players on the Bitcoin trading scene and one of the largest cryptocurrency exchanges.

This verification level requires a bank statement or utility bill as proof of residence and a photocopy of govt ID card or passport. However, it continues to operate the best cryptocurrency exchange for non-Chinese markets. It was speculated that many Chinese professional companies would opt for overseas exchanges. Huobi and Okcoin were particular targets since they were functioning without any suitable anti-money laundering systems and KYC. The interface of the platform and the app is very user-friendly. It is designed in a way that customers who are of different levels can still use it.

  • Maker fees are set to zero, while taker fees drop as the trading volume increases.
  • Content) and the views expressed in these types of posts do not reflect the views of this website.
  • You can recover lost funds with a recommended fund recovery service – click here to learn more.
  • To achieve these ends, OKCoin’s team makes transparency, reliability, and support vital features.

Employees also rated Okcoin 2.6 out of 5 for work life balance, 3.0 for culture and values and 3.1 for career opportunities. If you are looking for guidance, protection, or nurturance in your career, look elsewhere. Your health will suffer from the flames and the smoke, no matter how close to the center you are.

🆓 What is the OKCoin minimum deposit?

In the process, it outperformed many other commodities, including gold. The most popular digital currency, Bitcoin, dominates more than 68.7% of the market. Just improve customer support, please, and everything will be perfect! The FBI’s 2021 Elder Fraud Report showed that 92,371 Americans okcoin review over the age of 60 were scammed in 2021, losing a combined $1.7 billion. This is a 74% increase in losses from 2020 and by far the most of any age group. Still have not gotten a proper reply or response as to why I cannot withdraw even after completing all verifications smh.

okcoin review

The mobile app is almost indistinguishable from the website version. Their fees depend on your payment method and transaction volume. Generally they have very low fees among exchanges, comparable to Binance. Okcoin has an overall rating of 3.1 out of 5, based on over 114 reviews left anonymously by employees.

Withdrawal fees

He has a bachelor’s degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating. Okcoin uses 2FA for logins and withdrawals, and encryption to protect your account and crypto holdings on the platform. They also log you out of your account automatically after a period of inactivity. There isn’t any information about how they determine market price in their broker dealer marketplace on their site. However you can always check the price by asking for a quote in the trade tab.

okcoin review

All other money should work to be withdrawn, except for your rewarded principle. From the looks of it, you didn’t get the help you wanted and you received an auto reply. Yearnseamlessly with one click and without the user needing to know anything about DeFi or navigating outside of the OKcoin platform. A complete list of all 192 supported countries can be found on the OKcoin Supported Countries page.

Does Okcoin require KYC?

The last potential fee to consider pertains to margin trading. If you are trading with margin for USD, the historical daily interest rate is 0.02%. If you are trading with margin for BTC, ETH, or LTC, the historical daily interest rate is 0.01%. The assets available to lend are MIA, STX, USDT, USDC, DAI, UNI, SNX, and YFI.

OKCoin Premier is a special trading program designed for experienced traders and business partners. Individuals with a Premier account receive instant funding and liquidity options, lower transaction fees, 24/7 customer service, and more. The basic functions of the platform are extremely easy to navigate. If you want to buy and sell crypto at market prices, just go to the price page and click “buy/sell” next to the coin you want. The layout is clean, and the help center has articles to explain each of the features. To take leverage you have to first buy crypto at spot price in your trade account, and then transfer the crypto to your margin account to access the peer to peer lending network.

The only fee that the users have to pay while withdrawing crypto is the network fee. Do remember that the network fee varies greatly depending on the market conditions. If you want yourself connected to the cryptocurrency world all the time, then you need a mobile phone to help you do so.

The inclusion of over 60+ popular crypto assets, along with the option to margin and spot trade, has definitely brought a lot of opportunities for traders and investors. If you are someone who has just entered the crypto world, you will find it easy to understand everything with the help of Okcoin’s guides, easy interface, and help center. In case you get into some trouble, you can submit a ticket and wait for their response to sort out the issue. Finally, Okcoin allows users from almost the entire world to join their platform and invest in crypto. You just have to sign up, submit the required documents, verify your identity, and you will be good to go.

For example, P0 is the bottom tier for individuals who trade less than $100,000 USD – users would incur a 0.10% maker and 0.20% taker fee, respectively. The P10 tier is the highest, requiring over $500,000,000 USD in 30-day trading volume, where the marker and taker fees would https://forex-review.net/ total 0.00% and 0.02%, respectively. They allow their users access to many popular cryptocurrencies through spot trading with US dollars, Euros, and Singapore Dollars. Their main executive team consists of Hong Fang , Haider Rafique , Megan Monroe-Coleman , and more.

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