Fill up the given form, tick the agreement box, and click Sign-Up to log in to the new Okcoin account from its website. Users definitely want to see this list of languages expand over time. As it currently stands, the language barrier represents a significant problem when using the exchange. You’ll also need to give your first name, last name, nationality, and the passport information when prompted. To ensure that withdraws of any kind to your crypto wallets are valid and secure. After 24 hours, authorities released Xu after he cooperated in the investigation of his accusers’ accusations.
The company places a premium on customer experience and satisfaction. To achieve these ends, OKCoin’s team makes transparency, reliability, and support vital features. They also offer services and products custom-tailored to client needs.
- If Okcoin doesn’t seem like the right choice, here are some of the best cryptocurrency exchanges that might work for you instead.
- You will then be required to submit identity verification information for deposits and withdrawals.
- For individual accounts, you can trade up to $2000 when you’ve completed your Level 1 verification.
- Okcoin’s fee structure is crafted to offer a competitive edge, focusing on aligning with the best practices within the industry.
The landscape of cryptocurrency trading is ever-changing, and Okcoin has consistently adapted to the fluctuations of this dynamic environment. Not merely content with following trends, the exchange has often been at the forefront of introducing innovations that enhance the overall trading experience. 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. This verification level requires a bank statement or utility bill as proof of residence and a photocopy of govt ID card or passport. Completion of level 1 will allow withdrawals of not more than 2 Bitcoin.
The recurring orders feature allows users to set up automatic deposits using a particular payment method. The frequency options include https://forex-review.net/okcoin-review/ daily, weekly, bi-monthly or monthly. There is no option to select a bundle of coins to split the deposit across a range of cryptos.
Does Okcoin require KYC?
However, you need to be a high-volume trader to access this feature. Okcoin also features articles on cryptocurrency for beginners, which allows you to learn more about the implications of upgrades, crypto news, and blockchain technology. 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. While we strive for accuracy, the content on our Website, including articles, reviews, and opinions, is for informational purposes and may not always be up-to-date or error-free. To do this, you will need to navigate to the withdrawal section, enter the recipient’s Bitcoin address, and confirm the transaction.
One of the longest-serving and most traded crypto exchanges for Bitcoin is Okcoin. The exchange offers a safe environment for beginners, investors and traders that want to buy and sell digital currencies. In this review, we will break down its most important features and evaluate its trading fees, security and customer support. 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.
On-The-Go Access
For comparison, many popular crypto exchanges have fees starting at 0.5%. You’ll keep extra costs to a minimum when you invest in crypto with Okcoin, and over time, that makes a difference. Whenever there is a lack of clarity around a platform’s back-end security, it is usually best to custodian private keys yourself. But given this is a platform most suited for new and passive investors, that could be a lot to ask.
Other features for advanced traders
I have never used an authentication app to log in to Okcoin in the past.I emailed Okcoin for help several times and they will not respond. I’m having trouble getting https://forex-review.net/ my Google authenticator to work, troubleshooting as much as I can .. Without the Google authenticator working I can’t set a “funds ” password to withdraw my funds.
How safe is OKCoin?
Lastly, Okcoin also runs a grants program for supporting developers, especially those working on bitcoin core development. There is also an exclusive trading program called Okcoin Premier for professional traders and business partners. Premier members receive access to dedicated coverage, accelerated fiat processing, and a range of other exclusive product features. The best parts of Okcoin are its overall comprehensive exchange services for traders and investors that put it in the top 10 exchanges by volume around the world. Fees for withdrawing fiat currencies are mainly free, with a few exceptions which can be seen in the table below. They offer a variety of different bank and account transfers, giving you multiple options to withdraw your funds securely.
Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia. You pay a taker fee on orders that are filled immediately and a maker fee on orders that aren’t. Some of Okcoin’s competitors go into much more detail in their educational content and cover more subjects. If you’re looking for a platform that will help you expand your crypto knowledge, you may want to explore more crypto reviews.
They aim to produce a reliable and efficient exchange by removing trading barriers, including margin trading, on a global level. The global Okcoin users’ key target market is Asia and China. There are a total of 11 tiers, with the final being a 30-day trading volume over $500,000,000 that banks an impressive 0.00% maker fee and 0.02% taker fee. In fact, Okcoin’s 0.00% maker fee actually starts at $10,000,000 in 30-day trading volume. These may be pie in the sky numbers to most, but institutional investors will likely find them noteworthy.
This will include providing information about your nationality, full name, birthday, residence, and a government-issued ID. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. TheCollegeInvestor.com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product’s website. Using a credit or debit card to purchase crypto is a popular method for safety and convenience, however, a small surcharge is applied to the transaction.
This feature allows you to confidently make trades without worrying about what could happen to the market during your transaction time. Okcoin offers a referral program for inviting new customers to the exchange when they sign up using a unique link that can be shared on social media. The existing and referred user will both receive $10 in Bitcoin when they deposit or trade $100 or more using Okcoin. The new customer must complete verification level 2 to qualify for the referral bonus. Okcoin is a globally available cryptocurrency exchange that is headquartered in San Francisco, California, with supporting offices in Hong Kong, Singapore, Malta and Japan. Okcoin is regulated in the United States for individuals to buy and sell digital assets with fiat currencies.