Okcoin Exchange Secures Licensing In Japan

OKCoin Review

As a trading platform, OKEx offers spot as well as derivatives trading. This ensures that users have substantial flexibility when deploying their investment strategies. In our OKEx review, we cover https://forex-review.net/ everything you need to know to assess whether the platform is right for you. This includes metrics surrounding fees and commissions, tradable cryptocurrencies, features, safety, and more.

So, if you are a trader that requires high trading volume from your next exchange, then maybe you should think twice about choosing OKCoin. Other restricted areas, from which users may not trade on OKCoin, include Cuba, Iran, North Korea, Crimea, Sudan, Syria, Malaysia, Bangladesh, Bolivia, Ecuador, and Kyrgyzstan.

OKCoin is a serious trading company with a product that is pushing the Bitcoin market forward. The exchange offers two-factor authentication and admin password feature which allows setting the frequency at which the trading requests the password. Other comments are related primarily to futures trading, as many newbies complained about the “frozen” funds not knowing that’s a normal practice.

The founder of cryptocurrency exchange OKCoin has taken a step towards a reverse IPO with a $60 million acquisition in Hong Kong. Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time. OKCoin offers margin trading with a 3x leverage and a maximum of 500,000 USD, 1000 BTC and 25,000 LTC to borrow. The best available interest rate is offered to the trader in a 2-week loan which can be repaid before without issues.

Any digital asset or trading position may be subject to large swings in value and may even become worthless. OKCoin is suitable for all types OKCoin Review of investors and offers good functionality. Transactions are made fast and easy with the sole purpose of providing the best user experience.

OKCoins special priority is customer support and satisfaction, wherefore transparency and reliable and fast support are key. Before launching an international website, many non-Chinese users had problems with verification. US dollar is the only accepted currency for deposits, and the only two ways to deposit them are Bank and Wire Transfer. The transfer is free for corporate users, while individual users are charged with a 0.1 percent of the amount transferred. To open an account at OKCoin, simply provide an email address and password to set up an account.

The exchange gives you a wallet for each of the coins and allows you to them to transfer funds. In summation, OKCoin China/International are in charge of taking fiat currency deposits while the OKEx website is crypto trading-oriented and offers hundreds of potential trade pairings. If a platform asks for KYC details, all the activities and trades (profits/losses) can be traced back to the user’s real-life identity by the exchange. OKCoin is a Chinese bitcoin and litecoin exchange that allows to buy and sell these two cryptocurrencies. The company called Beijing Network Technology Co. is located in Beijing, China.

OKCoin Review

Day Trading

In cryptocurrency trading, such agreements are often tracked in terms of digital tokens. From here, you can send, receive, and trade your digital assets to and from other wallets. Investors can OKCoin Review use OKEx as a day trading platform for cryptocurrencies and derivatives – 24/7. This can be done through spot or margin trading of cryptocurrencies, futures contracts, and other digital tokens.

With its recent expansion into Western markets, this exchange is suitable for many people if you want to go through the KYC process. OKCoin Advanced UI is completely different from the main option and is much better suited for day trading. It’s very good when the exchanges give you the option to choose, the choice of currencies for deposits and withdrawals, and different UI designs. In this way, it is more likely that the exchange will be preferred by more people.

  • The editorial stuff of FraudBroker.comproject will not call OKCoin exchange the scam artist.
  • This is especially beneficial for the investors not interested in picking up existing orders from the order book.
  • This is a strong competitive edge in the market and distinguishes OKCoin from most other top crypto exchanges.
  • The exchange also offers a discount to makers, who trade at a fee of 0.10%.
  • Also, OKCoin does not charge any withdrawal fees at all for withdrawing BTC.

Deposits and withdrawals can be completed with cryptocurrencies and fiat money including USD or CNY. For cryptocurrencies, deposits and withdrawals are simply completed by sending the coins to and from your personal cryptocurrency wallet and your cryptocurrency wallet on the exchange.

Two different people are required to gain access to the security box in either city. The “majority” of funds are kept in multisig cold storage wallets – and in August of 2014, an okcoin audit showed 105% of overall customer funds were held in reserve.

This placed the exchange on place no. 46 on Coinmarketcap’s list of exchanges in the world with the highest liquidity. OKCoin holds 105 percent of the user funds in cold storage and has a hot wallet which always provides enough liquidity. In the case of a hot wallet breach, there is no doubt that the trading platform would easily absorb the hit.

Okcoin Review: Customer Service

It is very important to have several options where you can securely trade the crypto market. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity OKCoin Review of their identification documents. There is a “borrow” button prominently displayed just above the main trade slop, which offers leveraged trading financed by other users. depending on VIP level , users are allowed anywhere from 2 to 3x leverage, and loans can be taken from anywhere from 5 to 360 days.

Crypto Exchange Coinbase Rumoured To Start Preparations For Ipo

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. The second level involves verification of detailed information such OKCoin Review as birth date and residential address, verifying phone number and providing a valid government issued ID. This allows you all the previous level perks with added USD deposit/withdrawal support. You can also register a corporate account which will give you higher USD limits.

Deposits And Withdrawals Options

OKCoin isone of the largest of these exchangesin the world, although it has come under increasing pressure from regulators in various countries. This website provides information about cryptocurrency exchanges, trading, information about Bitcoin and other cryptocurrencies.

Okcoin Security Review

Originally from China, this provider has opened multiple office locations in various jurisdictions to serve a global market. The editorial stuff of FraudBroker.comproject will not call OKCoin OKCoin Review exchange the scam artist. In the comments to our review we expect the real feedback from traders about the platform proving the issues existing with it, effecting its rating in our project.

OKCoin Review

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