Okcoin Review: Is Okcoin Exchange Regulated?

Star Xu founded Okcoin in Beijing, China, in 2013 as one of the world’s most reliable fiat-to-crypto companies. With the addition of the hot wallet, Okcoin offered trading pairs with high liquidity, profitable interest-earning schemes, and several altcoin markets.

Okcoin Summary

Official Websitehttps://www.okcoin.com/
HeadquartersSan Francisco, California
Found in2013
Native TokenNo
Listed Cryptocurrency20+
Trading Pairs30+
Supported Fiat CurrenciesUSD, Euro, Japanese Yen
Supported Countries192
Minimum Deposit0
Deposit FeesLow
Transaction FeesMaker – 0.10% to 0.00%
Taker – 0.20% to 0.02%
Withdrawal FeesLow
ApplicationiOS and Android
Customer SupportEmail, Telephone, Ticketing system, Live chats & FAQs Support

Okcoin is a registered Money Services Business, or MSB, with the Financial Crimes Enforcement Network. It offers over 30 trading pairs and advanced features to beginners as well as high-volume traders in 192 countries worldwide. The company aims to make crypto assets accessible to all customers while adhering to high regulatory compliance standards.

In general, Okcoin reviews provide unbiased information, but should not be taken as financial advice. The best advice is to do intensive research on the platform before investing.

What Is Okcoin Exchange?

Okcoin was developed by Star Xu in 2013, Beijing, China. It offers fiat deposits with cryptocurrencies such as Ethereum, Bitcoin, Ethereum Classic, Litecoin, and Bitcoin Cash. Designed to be user-friendly for both professionals and individuals, Okcoin strives to remove trading barriers, including margin trading, on a global scale. Asian and Chinese markets are Okcoin’s biggest target markets.

The main priorities of Okcoin are customer satisfaction, transparency, fast and reliable support. They offer services and products, including cold storage, security encryption, and regular withdrawal and deposit monitoring. As part of its customer service focus, Okcoin offers a mobile app to access the exchange platform and an array of trade types, such as futures, margin trading, trailing stops, and Iceberg orders.

How to Use the Okcoin Exchange?

Okcoin is an extremely user-friendly platform and gets the trading done in just a few clicks. However, to get access to the exchange, you have to register for an account, either a corporate one or a personal one. Upon completion, link your bank account with Okcoin’s newly created account for easy exchanges.

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Pros and Cons of Okcoin

 Above-par liquidity Requires verification for withdrawals
 Futures and Margin trading are available Less variety of tradeable crypto assets
 Competitive and low trading fee Lacks MetaTrader platforms
 Advanced platform BTC trading volume artificially inflated
 Fiat currency withdrawals and deposits

Supported Countries and Cryptos

Supported Countries – Around 192 countries buy and sell crypto on the Okcoin trading platform except for the following countries-

  • Iran
  • Cuba
  • North Korea
  • Syria
  • Sudan
  • Crimea
  • Malaysia
  • Bolivia
  • Bangladesh
  • Ecuador
  • Kyrgyzstan

Supported Crypto Coins on Okcoin:-

  • Bitcoin Cash ABC
  • Bitcoin
  • Celo Coin
  • Celo Dollar
  • Dai
  • EOS Token
  • Ethereum Classic
  • Ethereum
  • Gemini Dollar
  • Grin Coin
  • Hedera Hashgraph Coin
  • Litecoin
  • Paxos Standard
  • Polkadot Coin
  • Stacks Coin
  • Tether
  • TRON Coin
  • TrueUSD
  • Uniswap Token
  • USD Coin
  • USDK

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