A major drawback to the app, however, is it does not let you view full charts or submit limit orders when purchasing crypto. It will let you easily buy at market or set up recurring payments, but it certainly won’t be an app for traders. Nevertheless, it’s a well-crafted app that passive investors will find quite enjoyable. The withdrawal time from Okcoin can vary based on several factors, such as account verification status and the type of withdrawal method used. Usually, once your account is fully verified and the withdrawal request is made, the process can take from a few minutes to several days.
- We never remove assets from our user’s profiles without specific reason.
- You messed up my transactions causing me to be double charged.
- Okcoin’s trading interface, though satisfactory, is a bit underwhelming.
- The mobile version of the exchange was designed for smartphones, both iOS and Android, which stands out in terms of overall navigability.
- There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
By acknowledging these events and adapting accordingly, Okcoin has demonstrated resilience and a commitment to its user base. We will be sure to pass it along to the relevant teams. Fast forward to today, and Okcoin is making an effort to break into the US crypto market. Okcoin is especially well known as one of the best places to buy Bitcoin. It reportedly transacts over 16 million Bitcoin per month. The exchange is also the first in the United States to let you purchase Bitcoin in satoshis, the smallest Bitcoin unit.
You will then be required to submit identity verification information for deposits and withdrawals. As with most cryptocurrency exchanges, OKCoin is not regulated by any reputable financial regulatory authorities. However, the exchange has built up a viable reputation among its users and the cryptocurrency community. The users agree, then OKCoin said they need time to process sending of the bitcoins. Two weeks later, the bitcoin price dropped from 313 to 205 USD, OKCoin said they will send the users bitcoins based on the btc value on Dec 31.
I highly recommended Okcoin
Okcoin is a globally licensed crypto exchange platform serving 190+ countries. 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. We highly value account security and have several protocols in place to ensure the integrity of the accounts on our platform.
Are There Any Fees?
Other participants in the funding round with Prime Trust and OKCoin included Novablock Ventures, Xsquared Ventures, and Blockchain Partners. 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. But okcoin switched me to Bitcoin and sold me $50 worth of bit coin.
Okcoin Alternatives
As alluded to, Okcoin allows users to earn through either staking or lending. Okcoin itself does not provide trading bots, but users may employ their own automated trading strategies through the platform’s okcoin review API. It’s essential to use such tools responsibly and within the terms of service of Okcoin. As you build your cryptocurrency assets, the idea of making your crypto work for you is enticing.
Okcoin Exchange and Security Measures Security is a paramount concern when it comes to crypto exchanges, and Okcoin addresses this by implementing multiple layers of protection. The exchange uses cold storage for funds, has internal audits, and complies with various regulatory standards to ensure the safety of its users’ crypto holdings. This approach not only incentivises volume trading but also ensures that the exchange maintains an equitable environment for both high-volume traders and those with minimum thresholds. The Maker fee, in particular, encourages market liquidity by rewarding users who contribute to the order book.
Vegas Golden Knights Announces Real-World Experience Based NFT Drops
Our Website may link to external sites or content not controlled by us. Such links don’t imply our endorsement, and we aren’t liable for the content, products, or services of these third-party entities. We emphasize that our compensation never affects our editorial integrity.
Useless Trading PAIRS; NO STAKING for Canada
And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with). OKCoin excels in the area of customer support, especially for a cryptocurrency exchange. The support options available to traders include email, live chat, telephone support, and a ticketing system. Support representatives are professional and friendly with their responses and typically respond within an hour.
Explore your other options in our guide to the top crypto exchanges. The OKCoin exchange may not be regulated, but that doesn’t mean it’s not reliable. OKCoin has proven itself to be a very trustworthy exchange and employs the latest security and encryption protocols for the protection of their users. Our Sell feature is currently up and operational, so there may be a problem with your individual account or the internet browser you’re using. We’re sorry to hear that you weren’t able to get ahold of our customer service team for a solution and we’d be happy to get you connected with our escalations team. Please kindly send us a direct message on Twitter @okcoinhelpdesk and they’ll be able to provide you with expedited support through there.
Whether you’re new to cryptocurrency or an experienced trader, you’ll be able to appreciate the streamlined Okcoin interface. 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. If you’re more experienced, you may not need to pour over the free educational resources. However, you’ll enjoy access to all of the comparison tools you’ll need to make your trades with confidence. If you regularly trade cryptocurrency, you’ll realize that security is a constant concern.
In the process, it outperformed many other commodities, including gold. The most popular digital currency, Bitcoin, dominates more than 68.7% of the market. If you are a crypto coin person, okcoin is not an exchange for you. Stacks is a Bitcoin layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Stacks exists to unlock Bitcoin’s full potential as the largest, most valuable, durable, decentralized asset.
Not merely content with following trends, the exchange has often been at the forefront of introducing innovations that enhance the overall trading experience. We temporarily disabled the Earn function due to regulatory reasons everywhere, not just Canada. We apologize for how the change was communicated and we will be clearer in the future. As for trading pairs, we have the USDT/USDC pair available on the website. If you have any questions or further feedback, feel free to send us a message on Twitter @okcoin.
Some investors prefer this over buying a tiny fraction of a Bitcoin. After 24 hours, authorities released Xu after he cooperated in the investigation of his accusers’ accusations. Although OKCoin started in China, it has since made a move to the United States and is an American-based entity headquartered in San Francisco. As a result, you can rest assured its safety and security measures always comply with US regulatory and cybersecurity standards. Keep reading for our full analysis of OKCoin and whether you should consider it the place to buy and sell cryptocurrency. Did you know that from 2012 to May 2020, Bitcoin gained in value by 193,639.36%?
Leave A Comment