Okcoin.com Crypto Exchange Review: It Is Good Or Bad?

About Okcoin.com

Okcoin.com is a digital asset trading platform, established in 2013 by Star Xu in Beijing, China that offers fiat trading with cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin) for individuals and professionals. Their mission is to create an efficient, reliable and secure platform that removes any trading barriers globally. Their main target market is China/Asia, but they also accept global customers.

Okcoin.com 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 a globally licensed exchange with offices in San Francisco, Malta, Hong Kong, Singapore, Japan and Korea. 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.

Okcoin Exchange Basic Points

How To Start ?

How To Sign Up At Okcoin Exchange?

It Is Very Easy To Sign Up At Okcoin Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Okcoin Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Okcoin Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

OKCoin Trading fees

The one thing we can’t stress enough is that you must always ascertain the trading fees at any exchange you are interested in. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.

Okcoin Crypto Exchange trading fees for takers are 0.20%. This fee is in line with industry average. The exchange also offers a discount to makers, 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.

OKCoin Withdrawal fees

Also, OKCoin does not charge any withdrawal fees at all for withdrawing BTC. This is a strong competitive edge in the market and distinguishes OKCoin from most other top crypto exchanges.

Deposit Methods

Okcoin Crypto Exchange offers both wire transfers and credit cards as deposit methods. This makes OKCoin an “entry-level exchange” where new crypto investors can take their first steps into the thrilling crypto world.

Mobile Support

If you require that your exchange is also available as an application or a downloadable client for your desktop, then you have come to the right place. OKCoin is available for download at both the App Store and Google Play. It is also available as a download client for both macOS and Windows.

Apply for Affiliate Share program

To apply, please fill out and submit this application form, we will get back to you within a week through email. Please note that you must pass Identity Verification Level 1 to be accepted into the program.

Security is at the heart of everything we do.

Okcoin.com Crypto Exchange take a 360-degree view to security. Meaning that they layer a number of protections to make sure that they prevent, detect, and address risks and vulnerabilities on our platform from every angle.

Platform Security

They spot anomalies and any unusual behavior before it makes way into our ecosystem or impacts the users. They partner with external cybersecurity experts to hunt down security vulnerabilities and run periodic internal audits.

Access Control

They use a microservices architecture to authenticate and authorize every access request that is made to your account. Which means all your sessions are secure and validated with complete identity protection. And with multi factor authentication, you’ll be prompted each time you deposit, withdraw, or trade orders. 

Data Security

Okcoin Crypto Exchange mask data during collection, use SSL encryption during transmission, protect your data storage with AES encryption, and use secure techniques when it’s time to destruct data. With end-to-end encryption, your data is safe and secure.

Wallet Security

With over 95% of your crypto in offline cold storage and a small fraction on multisig hot wallets, your funds are safe because they are inaccessible with a single key and need at least 3 to 5 signatures approved before they’re processed.