Okcoin Exchange Review Crypto Exchange Review + Fees + Coin List

Okcoin Exchange Review Crypto Exchange Review + Fees + Coin List

The fees are competitive in the market compared to top trading platforms such as Binance, Huobi, and KuCoin. There is also a spread charge when buying cryptocurrencies, which is a standard transaction cost that can fluctuate depending on market conditions and market depth within the order book. To cater to active investors and intermediate traders, Okcoin offers an advanced trading platform to speculate on 18 pairs against the USD, EUR, BTC and USDT. The number of available trading pairs is quite limited when compared to the larger exchanges such as Coinbase Pro, Kraken, Binance, and Huobi. There are currently no trading pairs using Ethereum, Litecoin or XRP as collateral. Overall, using Okcoin is highly suited to beginners who are purchasing crypto with fiat and want a basic exchange to monitor their investment performance.

All-In-One Investing App That Truly Does It All

We share our honest opinions and experiences, but we’re not responsible for any losses or damages you may incur. Our reviews and ratings are based on our personal opinions and experiences and may not reflect the experiences of all users. The exchange is operated by Okcoin USA Inc., a licensed money transmitter and money services business registered with the Financial Crimes Enforcement Network (FinCEN) of okcoin review the US Department of the Treasury. Okcoin USA Inc. is located in San Francisco, CA, and is licensed to operate in several US jurisdictions. Okcoin is known for providing excellent customer service via various support channels. Traders have access to several contact options, including email, live chat, and a ticketing system.

Okcoin Features We Liked

OKCoin offers tiered trading fees, based on 30-day trading volume, that max out around .20% for the lowest volume and lowest tier. As fees can vary by transaction and funding type, be sure to read OKCoins fee schedule for each type of transaction on their platform. The reviews on Trustpilot provide mixed opinions on customer service, with an overall 3.4/5 star rating based on 270 reviews. There are numerous comments on user’s difficulties depositing funds and using the app, however, the exchange appears to respond to each comment to provide further assistance directly.

• Once the KYC process is completed, users can access all the features of the Okcoin platform.
• You can go with either of them, depending on your understanding and expertise.
• One potential choice for cryptocurrency trading is Okcoin, an exchange that offers a variety of features that could work well for beginners as well as advanced traders.
• One of the best things about OKcoin is that they are passionate about being the first to bring many great crypto projects to the mass markets and often beat their fellow regulated competitors in this regard.
• Those are particularly impressive numbers and OKCoin has shown significant growth over the last couple years.

Coinbase

• In our opinion, the TradingView mode is far superior as it offers hundreds of technical indicators, chart patterns, and drawing tools that can be applied to each trading pair.
• Crypto assets do not have a minimum withdrawal listed at this time.
• Yes, as previously noted, Okcoin offers its users a secure trading experience.
• With a premiere account, traders enjoy access to dedicated coverage, accelerated fiat processing, and a range of exclusive product features.
• Okcoin is geared more toward frequent traders, with fees based on your 30-day average trading volume.
• But for the most part, this crypto trading platform is likely to work best for active traders with a relatively high risk tolerance.

However, it’s important to do your due diligence and look for a cryptocurrency exchange that works for you. Active traders can handle all of their trading needs in a low-fee, secure environment. And buy-and-hold investors may be enticed by the high interest rates that Okcoin offers on crypto deposits.However, as of writing, Okcoin isn’t available to all U.S. residents. So if you live in one of the states that aren’t supported, you’ll need to look elsewhere. Explore your other options in our guide to the top crypto exchanges.

Deposit & Withdrawal Fees

Users should still note that crypto transactions on average can take from 30 minutes to several hours for a transaction to be confirmed due to the blockchain. Once on the blockchain, the transaction needs a number of network confirmations before it’s completed. Kraken is accessible in 48 US states with KYC and is regulated and licensed by FinCEN in the USA, while worldwide users can use Okcoin with KYC, as well as US users. Okcoin takes several steps to ensure optimal exchange security. Firstly, they focus on platform security by partnering with external cybersecurity experts to hunt down security vulnerabilities and run periodic internal audits.

CEX.io- Customer Centric Crypto Trading Platform

As of 2025, Okcoin has expanded its operations to serve users in over 100 countries, making it a global exchange. However, it’s crucial to note that regulations surrounding cryptocurrency trading can vary significantly across jurisdictions. Our number one priority is keeping accounts and funds safe on our platform, which means we have strict risk policies in place to ensure that security. We’re more than happy to help expedite the KYC review process and answer any questions you may have, so please feel free to send us a direct message on Twitter @okcoin and we’d be happy to help.

Useless Trading PAIRS; NO STAKING for Canada

Coinbase has higher fees, but they could be worth it for the simplicity. Coinbase also has a rewards program, which allows you to earn extra tokens for learning about new altcoins and earn a return for staking. In some cases, Okcoin offers you the chance to earn other cryptocurrencies for staking. Staking involves locking up a portion of your crypto assets, which then help validate the transactions on a particular blockchain. And if you work on the app UI that would be great to make it more user friendly plus pro version.