Summary
Okcoin is one of the best-digitalized asset trading platforms that has a user-friendly interface for both skilled traders and beginners
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Reputation
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Customer Support
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Fees
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App Design
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Ease of Use
Okcoin is one of the best-digitalized asset trading platforms founded in 2013 in China, ranking as #30with an average 24-hour trading volume of £21,998,134 GBP, 39 markets, and 30 pairs ready to trade in USD, EUR, and more than 30 cryptocurrencies across the globe.
The exchange has a user-friendly interface for both skilled traders and beginners. The platform’s primary goal is to produce an efficient and reliable exchange by eliminating trading restrictions, including margin trading on a global level. It has gone beyond the standard platform, allowing investors to trade over-the-counter (OTC) without slippage.
Okcoin is the ideal exchange for expert traders since it provides a wide range of complex trading. Margin trading, futures, Iceberg orders, trailing stop orders, and TWAPs are all available. The Okcoin exchange may not have as many crypto assets as some other exchanges, but it makes up for it with complex trading types.
Okcoin has a few charting options, such as multi-frame charts. It provides a public API that is a reliable tool for cross-platform trading bots and may be used to create custom charting or other tools to facilitate higher-volume trading. The mobile app is also available for Okcoin to meet users’ requirements, and the application is both supported by android and iOS.
The platform is highly secure as it enables two-factor authentication (a security mechanism that utilizes a combination of two different factors to validate a user’s claimed identity). At the Okcoin platform, accounts are secured by strong passwords, and the assets at stored in cold storage.
The deposit can be made in supported fiat currencies through an immediate transfer option from the bank accounts. The platform charges no deposit fee, and withdrawals are also immediately initiated. Choose the crypto type to withdraw from the Withdrawal section, such as ETH or BTC. Transfer cryptocurrency to Okcoin’s internal wallets or transfer it to a wallet or address of your choice. Internal wallets are only available to third-party services and companies that use Okcoin’s wallet infrastructure.
The Okcoin exchange is famous because of its minimal fees. On the Okcoin trading platform, taker fees are 0.20 %, according to the industry average. Maker fees are reduced to 0.10 % due to discounts offered by the exchange.
Pros
- Above-par liquidity
- Futures and Margin trading are available
- Competitive and low trading fee
- Advanced platform
- Fiat currency withdrawals and deposits
Cons
- Requires verification for withdrawals
- Less variety of tradeable crypto assets
- Lacks MetaTrader platforms
- BTC trading volume artificially inflated
Okcoin Details
Devices Compatability:
- Desktop
- Android
- iOS
- Tablet
Currencies: USD, EUR, CNY, BTC, ETH, ETC, and BCH
Deposit Methods: Bank and Wire transfers
Withdrawal Methods: Okcoin internal wallets
Withdrawal Limits: 3000BTC/ day
Restricted Countries: Hawaii, Louisiana, Nevada, New York, West Virginia, and all US territories other than Puerto Rico
Final Thoughts
Okcoin is one of the best-digitalized asset trading platforms that has a user-friendly interface for both skilled traders and beginners that have gone beyond the standard platform by enabling traders to trade over-the-counter (OTC) without any slippage. It is the ideal exchange for expert traders since it provides a wide range of complex trading kinds, including margin trading, futures, Iceberg orders, trailing stop orders, and TWAPs.
Okcoin also has a few charting options, such as multi-frame charts. It does provide a public API that is a reliable tool for cross-platform trading bots and may be used to create custom charting or other tools to facilitate higher-volume trading. It is a secure platform with no deposit fee and a low trading fee, and with all these features, it is a good choice for investment.