What is OKCoin?
OKCoin is a bitcoin and blockchain company founded in 2013. They offer a digital asset exchange, online wallet, and merchant services. OKCoin is headquartered in Beijing, China. In addition to bitcoin, they also offer litecoin, dogecoin, and ether.
History of OKCoin Review
OKCoin is one of the first Chinese Bitcoin exchanges, and it has been around since 2014. In addition to providing a platform for trading Bitcoin, OKCoin also offers margin trading, allowing users to speculate on the price of Bitcoin. The company has grown rapidly in terms of user base and volume, and it currently ranks as the sixth largest Bitcoin exchange by volume.
What We Like:
-The variety of services offered by OKCoin Review makes it an excellent choice for both new and experienced investors.
-The company is rapidly growing, making it one of the most popular Bitcoin exchanges on the market.
-The margin trading feature is particularly useful for individuals who want to speculate on the price of Bitcoin.
What We Don’t Like:
-There have been reports of security issues at OKCoin, which could affect users’ accounts.
Pros and Cons of the Platform
OKCoin is a cryptocurrency exchange that offers margin trading and other advanced trading features. It also offers a wide range of payment methods, including bank transfers and AliPay. The exchange has a user-friendly design and provides detailed information about each transaction. However, some users have complained about the slow customer support and the lack of transparency in the company’s operations.
What are the Fees?
OKCoin is one of the most popular digital currency exchanges in China. It offers a variety of services, including a bitcoin exchange, blockchain data storage, and a litecoin exchange. The exchange has a few notable features that set it apart from its competitors.
Before we get into the nitty gritty of OKCoin’s fees, it’s important to understand the structure of the exchange. OKCoin is a centralized exchange, meaning that it owns and operates all of its own servers. This means that there are no third-party fees associated with using the platform. However, this also means that there is a higher risk of downtime and security issues.
OKCoin charges 0.2% on all trades, with a minimum trade size of 0.01 BTC. The fee structure is relatively straightforward, but there are some notes worth taking into account. For example, if you’re trading bitcoin for Chinese yuan (CNY), OKCoin will charge a 3% fee on the total transaction value. However, if you’re trading bitcoin for US dollars (USD), OKCoin will charge a 6% fee on the total transaction value.
Overall, OKCoin is one of the most affordable and reliable digital currency exchanges available in China
Security
What we like:
– Overall, the security of the platform seems high. Transactions are verified quickly, and there haven’t been any reports of fraud or illegal activity on the platform.
What we don’t like:
– Although OkCoin has implemented several security measures, such as two-factor authentication and a Secure Socket Layer (SSL) connection, users still need to take precautions to protect their account information. For example, always keep your password safe and never share it with anyone.
Customer Support
We like that the customer service is very responsive and helpful. They are always willing to help out with any questions or issues that we have had. The support team is also very knowledgeable about their products, which is great. We don’t like that they can be a bit slow to respond sometimes, but overall they are great at getting things done.
Conclusion
OKCoin is a relatively new Bitcoin and cryptocurrency exchange that has been making waves in the industry. In this OKCoin review, we take a look at what we like and don’t like about the platform, as well as some of the pros and cons of using it. So if you’re looking for an exchanges to use in China or Japan, then OKCoin might be worth checking out.
