Okcoin 2023 Reviews, Pricing, Features

For answers and feedback, email us at 24/7 support is available in English and Mandarin. Okcoin is a safe and secure platform, and there is no danger in using their services. They use the latest security encryption along with account security methods to provide the best possible safety to their users. Wants to go through the hassle of understanding a complicated platform or exchange just to use the services.

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. Your situation seems very https://forex-reviews.org/ unusual considering that we don’t ask customers to pay income tax on cryptocurrency. The limit shouldn’t be changing and only a single purchase/trade should solve the withdrawal problem.

Coinbase

If that doesn’t seem to be the problem, please feel free to message us at and our customer support team can take a closer look. Kraken is another cryptocurrency exchange aimed at traders. However, Kraken has a wider variety of cryptocurrency pairs and tokens available, and more funding options than Okcoin.

• Money and cryptocurrency you want to trade must be in your funding account, whereas withdrawals can only be made from your funding account.
• From Stacks to Polkadot, get even more from the assets you hold with our staking and DeFi offers.
• This page may not include all available products, all companies or all services.
• OKcoin has a fantastic self-help and educational area with dozens of beneficial self-help articles.
• Be careful when considering high-risk investments like cryptoassets & cryptocurrencies (e.g. bitcoin).
• 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.

After you’ve registered and verified your identity, you can fund your account with an ACH transfer, wire transfer, or a debit card payment. It also has a detailed help center and categorizes different types of cryptocurrency on its trading platform. If you want to check out major cryptos, decentralized finance projects, or stablecoins, okcoin review you can quickly jump to those. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. To open an account at OKCoin, simply provide an email address and password to set up an account. You will then be required to submit identity verification information for deposits and withdrawals.

Hi Dylan, we would be more than happy to look into this and investigate the charges made on your account. If you could please send us a message on Twitter @okcoinhelpdesk, we can provide you with expedited support via our escalations team. Be careful when considering high-risk investments like cryptoassets & cryptocurrencies (e.g. bitcoin). Their value can go up and down significantly, without any warning. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. In addition to crypto trading, Okcoin also lets you earn interest on your crypto holdings by staking or lending them.

As a new investor, you’ll have quick access to extensive cryptocurrency resources to learn within the platform. When you are ready to buy your first crypto assets, the easy-to-follow prompts will guide you through the process. Okcoin is both safe and legit when exchanging cryptocurrencies since they utilize the latest and advanced encryption technology to secure the website from professional hackers. This thief company told me I can only withdraw my money after 6 Months. I disputed my transaction and my bank was able to get the money back and credited my account.They dont have rights to hold anyone money over 6 months. I hope people read this review before they deposit any money.

It took several weeks, and all responses were from foreign counties received in the middle of the night. You won’t be tied to your desktop when you want to make a trade. Instead, you can take Okcoin with you through a mobile app.

Over-the-counter tradingOnly after passing the extended verification, the minimum transaction amount of $10,000. Types of cryptocurrenciesBitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash, EOS, Tether, etc. With our referral program you can refer a friend and each of you can receive $10 in free bitcoin when they buy $100 worth of crypto using their local currency. The rating results published on Cointelligence are based on an independent rating system developed by the Cointelligence team. They do not reflect any official governmental approval or regulatory compliance. Receive the latest news about our cryptocurrency education courses, events, and guides.

Reviews

With so many crypto exchanges out there, is it hard to know which one offers the best security without overcharging for the right to buy and sell cryptocurrencies. Many professional traders ask a common question – Is Okcoin a scam? Sometimes, even a professional trader cannot mark the difference between a scam and a legit platform. However, Okcoin is well regulated by top regulatory authorities, and hence, it is not a scam. Okcoin is extremely reliable and secure with transparent terms of services and a positive step to enhance customer satisfaction.

We make it easy to learn about and buy your first crypto assets. It is a Margin Trading Service that invests your money and when they lose, they clayback your account to pay for the over charge lose. The platform has no educational resources to speak of, other than an FAQ, new releases, and tutorials on how to use the features. You can click on the “about” in the trade view under a coin and it will give you a short blurb about the coin, some statistics, and a link to their website. They are not regulated under any federal regulatory agency, but they are registered as money transmitters in the US, Malta, and the Netherlands along with a number of other countries. They are not registered to trade coin for coin in all jurisdictions.

The foremost aim of their Premier trading program is to help traders elevate their trading experience and make it better through their services. Note that you need to reach P1 tier status (trading volume over $100,000 in the last 30 days) to access Premier trading. While you might have to face a few hurdles getting your preferred crypto asset on other platforms, Okcoin offers a relatively simple and straightforward method to proceed with. If you want the fastest method to purchase cryptocurrencies on Okcoin, you can simply use credit or debit cards to buy the coin you like depositing first.

Grow Your Crypto with OKcoin Earn

They are one of the only exchanges that offer FDIC insurance for USD deposits. As with deposits, you can withdraw up to 0.1 BTC free with the lightning network. You can also transfer to other accounts, transfer crypto to an external wallet on-chain, or transfer using the AVAX and Polygon protocols. It is possible you will have to verify your account to withdraw money if you didn’t when you deposited. For example if you are from the US and deposit less than $500 but you make a profit and your account balance is greater than $500 you will have to verify your identity to make the withdrawal. Their fees depend on your payment method and transaction volume.

All products and services are presented without warranty. Deposits can be made in the local currency through the instant transfer option from the bank a/c. No Okcoin fees are charged on instant transfers, and the funds are generally available to every basic user immediately. Level 2 Verification – Deposits and withdrawals up to USD 50,000 permitted per day for personal a/c and up to USD 500,000 per day for corporate a/c.

If you’re still waiting for an update, you can reach them directly at and they’d be happy to expedite a solution for you. The exchange offers what it calls trading accounts and funding accounts. This is a way of separating funds you want to use for active trading and funds you want to store. Money and cryptocurrency you want to trade must be in your funding account, whereas withdrawals can only be made from your funding account. You can move funds between these accounts at any time instantly and free of charge.

Dear users, According to the European Unions regulations, all Okcoin users have to agree to the following User Agreement to continue to user the website. Get an overview of our staking and DeFi offers and how they work. We keep your deposits safe through offline storage, 24/7 transaction monitoring, and multi-factor encryption. Create your free account with a quick verification process. OKCoin exchange is officially registered in Beijing, China, and the subject to the jurisdiction of this country. The international representative office of the company is located in Hong Kong.

OKCoin Trading fees

They list fewer coins than major exchanges but compensate with advanced trading features. There is a lot of outdated info and misinformation about their exchange, which we have fact checked for this article. Here we will cover Okcoin’s pros and cons, fees, features, cryptos listed, and everything you need to know before you sign up. Okcoin exchange is extremely user-friendly and gets the trading done in just a few clicks. But before you start to deposit or withdraw money or funds, you have to register or sign up for one account, either corporate or personal, to get access to Okcoin. On completion, link your bank a/c with the newly made Okcoin a/c for easy exchanges.

OKcoin likes keeping things simple, which is why there is just one basic personal account type that is suitable for all users and a corporate account option for businesses. It is important to note that different verification levels grant traders greater deposit and withdrawal amounts. Active traders can handle all of their trading needs in a low-fee, secure environment.

Just for reference, the highest interest rate users can earn on Okcoin at the time of writing is about 14%. It definitely is a lot higher than anything a bank would offer. Okcoin is integrated with plenty of features and options that do a great job offering users an experience they want. If you want to know what services Okcoin provides and whether it would be your first-choice crypto exchange, you can feast your eyes on the points mentioned below. OKCoin is a digital asset trading platform, established in 2013 by Star Xu in Beijing, China that offers fiat trading with cryptocurrencies for individuals and professionals. Their mission is to create an efficient, reliable and secure platform that removes any trading barriers globally.

If you regularly trade cryptocurrency, you’ll realize that security is a constant concern. The last thing you want is for someone to access your account and wipe out your stash. Internal wallets are only for 3rd party services and businesses using the wallet infrastructure of Okcoin. After entering the wallet address, you may enter an address tag, if needed, then submit the withdrawal request.