Regulated

Score

0123456789.01234567890123456789
/10

OKCOIN

China

|

10-15 years

Digital Currency License|

MTL License|

Common Financial Service License|

United States MSB License Revoked|

United States MSB License Revoked|

Suspicious Overrun|

High potential risk

Subsidiary OKX

https://www.okcoin.com/

Website

Yesterday Vol
7 Days
Rating Index
Influence

Influence

A

Influence Index NO.1

United States 7.81

Better than 99.95% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

The WikiBit Score of this exchange is lowered because of too many unresolved complaints!
Influence
A

Exchange License

FSA

FSARegulated

Digital Currency License

NMLS

NMLSRegulated

MTL License

CEZA

CEZARegulated

Digital Currency License

FINTRAC

FINTRACOver-Operation

Common Financial Service License

FinCEN

FinCENRevoked

MSB License

FinCEN

FinCENRevoked

MSB License

OKCOIN Exchange Info

More
Company Name
OKCOIN
Phone of the company
--
Company website
More
Customer Service Email Address
support@okcoin.com

WikiBit Risk Alerts

7
Previous Detection 2024-12-22

The number of the negative comments received by WikiBit have reached 65 for this Exchange in the past 3 months, please be aware of the risk and the potential scam!

The number of this Exchange's nagitive field survey reviews has reached 3, please be aware of the risk and the potential scam!

United StatesFinCEN (License No.: 31000155908109) The regulatory status is abnormal, the official regulatory status is Revoked, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Trading statistics

Influence

Yesterday Vol

7 Days

Crypto
Price
Percentage

$ 1,927.28

$ 1,927.28

100%

$ 0

$ 0

0%

$ 0

$ 0

0%

OKCOIN User Reviews

More

19 ratings

Participate in evaluation
FX1279533172
OKCOIN's transaction fees are sky-high! Their user interface seemed like it was designed by a toddler, Fall behind, folks!
2024-03-19 18:10
2
Tyr6124
OKCOIN's fees are truly outrageous, completely exploiting us innocent traders. The interface is also not intuitive, completely wasting my time. I really can't stand it anymore!
2023-12-30 20:44
3
Clever21174
the app is some how confusing
2024-07-19 19:36
7
Arie Setiawan
OKCoin has a superb user interface. Even newcomers would find it easy to navigate! Also amazed with its high liquidity.
2023-12-31 14:41
3
阿婷社区
Do not be cheated
2021-03-16 11:28
1
Lala27
Okcoin's layout and design are excellent. Everything is easy to grasp and has clear labels, which is beneficial if you're just starting off with cryptocurrency. From its webpage, the exchange provides instructions on how to create an account and begin purchasing cryptocurrency.
2023-11-25 16:16
3
ขวัญ510
Am I being cheated like this?
2023-11-23 22:37
5
zeally
Okcoin has a fantastic design and layout. Everything is clearly labeled and easy to understand, which is helpful if you're getting started with crypto.
2023-12-21 03:48
4
Newton2834
The OKcoin platform is very clean, easy to navigate and simple to use. The exchange is web-based and can be accessed from a computer or mobile . Sweet platform 👍👍
2023-11-25 19:05
4
Newton2834
okcoin is reliable and effective exchange platform
2023-11-30 15:14
4
Newton2834
OKCoin is an excellent exchange for the advanced trading of some of the most popular cryptocurrencies on the market. The exchange is highly liquid and is commendable 👍
2023-11-06 16:13
7
Rø Mêø
I have been using okcoin for a while and would recommend it to people that are less crypto native as a good solution to get some exposure to crypto and start learning about it.
2023-12-06 08:27
5
Rø Mêø
Okcoin also supports staking and margin, futures, and P2P trading, which may appeal to more experienced users.
2023-11-23 05:56
2
Døñ Dërêk
Okcoin is a very profitable trading platform it has low risk rate with high profitability it is much more recommended for both beginning traders and experienced ones
2023-11-22 15:04
7
mark Fredrick
the mobile app for this platform is a game changer allowing me to monitor and execute trades on the go
2023-11-03 06:59
5
roziqtho
very profitable to invest here
2023-08-25 05:59
3
ariri
hope this project is profitable and good luck
2022-12-22 08:57
0
Maerica
Gamefi multiverse comprised of multiple metaverses including Karmaverse Zombie, Fantasy World, Old West, and Cyberpunk. The Karmaverse is a metaverse containing the game worlds of all the games, and includes toolboxes for the community to build similar games on it. Players - known as Karmanauts - can use NFTs to transfer assets between games or sell them to other players.
2022-12-21 08:50
0
Liy
Illuvium one of famous GameFi project for its play-to-earn fantasy gameplay based on mythical creatures.
2022-12-19 23:21
0
AspectInformation
Company NameOKCOIN
Registered Country/AreaChina
Founded Year2013
RegulationFSA, NMLS, CEZA, FINTRAC ( Exceeded), FinCEN (Exceeded)
Cryptocurrencies Offered/AvailableBitcoin (BTC), Ethereum (ETH), and others
Trading FeesThe maker fee is 0.10%, and the taker fee is 0.15%.
Pament MethodE-wallets,bank transfer
Customer SupportCompany websitehttps://www.okcoin.com/Twitterhttps://twitter.com/OKcoinFacebookhttps://www.facebook.com/OKCoinOfficialCustomer Service Email Addresssupport@okcoin.com

Overview of OKCOIN

OKCOIN is a virtual currency exchange platform established in 2013 and headquartered in China. OKCOIN offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), and others. Traders on the platform can leverage their positions up to 10 times, allowing for potentially amplified gains or losses. The trading platform provided by OKCOIN is known as the OKCoin trading platform. Users can deposit and withdraw funds through bank transfers or cryptocurrency transfers. Additionally, OKCOIN provides various educational resources and tutorials to assist users in understanding and navigating the virtual currency market. Customer support is available 24/7 via email and live chat channels.

basic-info

Pros and cons

ProsCons
Wide range of cryptocurrencies for tradingNo strong regulation in all regions
Maximum leverage of 10xFees not competitive
Offers educational resources and tutorialsLimited cutsomer support options
Only one trading platform available

Regulations

OKCOIN is subject to regulation by several regulatory agencies. In Japan, it is regulated by the Financial Services Agency (FSA) with the regulation number of “関東財務局長 第00020号”. The company, known as “オーケーコイン・ジャパン株式会社,” holds a Digital Currency License.

regulation

In the United States, OKCOIN is regulated by the Nationwide Multistate Licensing System (NMLS) with the license number 1767779. The company, called OKCoin USA Inc, has obtained an MTL License.

regulation

Additionally, in the Philippines, OKCOIN is regulated by the Cagayan Economic Zone Authority (CEZA) under a Digital Currency License. The company operates as Okcoin Philippines Technology Co. Ltd.

regulation

It is important to note that OKCOIN has also exceeded the regulatory requirements of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with the license name being Common Financial Service License.

regulation

The company is also regulated by the Financial Crimes Enforcement Network (FinCEN) in the United States, with two separate license numbers (31000122737962 and 31000155908109) and the license type being MSB License. The respective company names are OKCOIN USA INC. and OKEX USA INC.

regulation

Security

OKCOIN says it implements several security measures to protect user funds and information. These measures include encryption and secure socket layer (SSL) technology to secure data transmission. The platform also incorporates two-factor authentication (2FA), which adds an extra layer of security to user accounts. Additionally, OKCOIN states that it keeps the majority of user funds in cold storage, which can help mitigate the risk of hacking or unauthorized access.

Cryptocurrencies available

OKCOIN offers a wide range of cryptocurrencies for trading on its platform. Some of the cryptocurrencies available include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and more. These cryptocurrencies can be traded against different fiat currencies, such as USD, EUR, and CNY.

ryptocurrencies
cryptocurrencies
cryptocurrencies

In addition to cryptocurrency trading, OKCOIN also provides other products and services. These include a trading platform with advanced trading features like margin trading and futures trading, as well as an OKCoin app for mobile trading.

CurrencyPairPrice+2% Depth-2% DepthVolumeVolume %
BitcoinBTC/JPY$65,253.17$122,376.14$389,670.8714,998,92665.03%
EthereumETH/JPY$3,512.45$9,814.96$187,450.644,767,39220.67%
XRPXRP/JPY$0.6525$7,411.14$12,156.29877,2103.80%
SuiSUI/JPY$1.5200$497.44$72,573.95677,6932.94%
Bitcoin CashBCH/JPY$455.77-$8,068.86$414,8091.80%Recently
CardanoADA/JPY$0.777-$671.46$290,7641.26%Recently
FilecoinFIL/JPY$10.02$8,704.92$7,977.77195,8860.85%
Shiba InuSHIB/JPY$0.00002663$594.06$999.58171,8260.74%
QtumQTUM/JPY$5.9628$500.47$157.40102,2710.44%
DogecoinDOGE/JPY$0.1627$1,245.51$2,169.8288,8330.39%

Fees

  • Trading

    fees: OKCoin charges a maker-taker fee schedule for trading. Makers are

    those who add liquidity to the market by placing limit orders, while

    takers are those who remove liquidity by placing market orders. The

    maker fee is 0.10%, and the taker fee is 0.15%.

  • Withdrawal

    fees: OKCoin charges a withdrawal fee for each cryptocurrency that you

    withdraw. The withdrawal fee varies depending on the cryptocurrency. For

    example, the withdrawal fee for Bitcoin is 0.00005 BTC.

  • Deposit

    fees: OKCoin does not charge a deposit fee for most cryptocurrencies.

    However, there is a $10 minimum deposit for fiat currencies.

  • Margin

    trading fees: OKCoin charges a margin trading fee for each

    cryptocurrency that you trade on margin. The margin trading fee varies

    depending on the cryptocurrency. For example, the margin trading fee for

    Bitcoin is 0.025%.

Here is a table of the trading fees for OKCoin:

TierMaker FeeTaker Fee
P00.10%0.15%
P10.09%0.14%
P20.07%0.12%
P30.04%0.10%
P40.02%0.08%
P50.00%0.06%

Payment Methods

OKCoin offers a variety of payment methods depending on your location and desired action (depositing or withdrawing funds):

Depositing Funds:

  • Bank Transfer (ACH): This method is generally free for deposits and withdrawals within the same currency (USD or EUR). However, international transfers may incur additional fees.
  • Debit/Credit Card: While convenient, purchasing crypto using a debit/credit card comes with a 3.99% fee. This option might not be the most cost-effective choice.
  • P2P Trading: OKCoin offers a peer-to-peer (P2P) trading platform where users can buy and sell cryptocurrencies directly with each other. Payment methods available on P2P can vary depending on the counterparty you choose, potentially including cash on delivery, bank transfers, and other options.

method

OKCoin Mobile APP

The OKCoin mobile app allows you to manage your cryptocurrency investments and trade various digital assets directly from your smartphone or tablet. Here's what you can do with the app:

Trade across multiple markets:

  • Buy, sell, and trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many more.
  • Access spot, margin, and futures trading options for diverse investment strategies.
  • View real-time prices, charts, and order book depth for informed trading decisions.

Manage your portfolio:

  • Monitor your balances, open positions, and transaction history seamlessly.
  • Deposit and withdraw funds conveniently using various payment methods.
  • Set up price alerts and notifications to stay informed about market movements.

Advanced features:

  • Utilize charting tools and technical indicators for in-depth analysis.
  • Place various order types, including limit orders, stop-loss orders, and trailing stops.
  • Utilize margin trading to amplify your potential gains (and losses).

Additional features:

  • Earn passive income on your crypto holdings through OKCoin's Earn products like staking and savings.
  • Access educational resources and market news directly within the app.
  • Secure your account with fingerprint or facial recognition login.

Benefits of using the OKCoin app:

  • Convenience: Trade and manage your investments anytime, anywhere.
  • Mobility: Stay connected to the markets even when you're on the move.
  • User-friendly interface: The app is designed for ease of use, even for beginners.
  • Advanced features: Cater to both novice and experienced traders.

Download the OKCoin app:

Available for free on the App Store (iOS) and Google Play (Android).

app

How to Buy Cryptos

Buying crypto on the OKCoin platform is a straightforward process, offering multiple options to suit your needs. Here's a breakdown of the methods:

1. Spot Trading:

  • This is the most common method, allowing you to buy cryptocurrencies directly with other cryptocurrencies or stablecoins.
  • Steps:
    • Access the “Spot” section on the OKCoin app or website.
    • Choose the desired crypto pair (e.g., BTC/USDT).
    • Select the “Buy” option and specify the amount of crypto you want to buy.
    • Choose the order type (market order for instant execution, limit order for specific price execution).
    • Review and confirm the order.

2. Simple Buy/Sell:

  • This simplified option allows buying specific cryptocurrencies with fiat currencies (USD, EUR, etc.) through third-party payment processors.
  • Steps:
    • Go to the “Simple Buy/Sell” section.
    • Select the desired crypto and choose your preferred fiat currency.
    • Specify the amount of crypto or fiat you want to spend.
    • Select the payment method and follow the on-screen instructions.
    • Verify your identity and complete the transaction.

3. P2P Trading:

  • This peer-to-peer option allows direct crypto purchases from other users, offering flexible payment methods and potentially better rates.
  • Steps:
    • Access the “P2P” section and choose the desired crypto and fiat currency.
    • Browse available offers from other users, filtering by price, payment method, etc.
    • Select an offer and initiate a trade.
    • Send the agreed-upon fiat amount to the seller through escrow.
    • Once payment is confirmed, the seller releases the crypto to your OKCoin wallet.
buy

Services

OKCoin Official Digital Wallet Introduction

The OKCoin Official Digital Wallet is a multi-functional, safe, and reliable digital asset management tool that aims to provide users with convenient cryptocurrency storage, trading, and management services.

Key Features:

  • Secure Storage: Supports secure storage of multiple mainstream cryptocurrencies and adopts multiple security measures to protect user asset security.
  • Convenient Trading: Supports multiple trading methods, including fiat trading, spot trading, and margin trading, to meet the trading needs of different users.
  • Asset Management: Provides professional asset management tools to help users easily manage and track their crypto assets.
  • DApp Support: Supports multiple DApps, allowing users to explore the rich and diverse blockchain applications.

wallet

Is OKCOIN a Good Exchange for You?

Beginners: OKCoin offers a user-friendly interface and a variety of educational resources, making it a good choice for beginners who are just starting out in the world of cryptocurrency trading.

  • Experienced traders: OKCoin offers a variety of advanced trading tools and features, making it a good choice for experienced traders who are looking for more control over their trades.
  • Traders who want to trade a variety of cryptocurrencies: OKCoin offers a wide range of cryptocurrencies to trade, making it a good choice for traders who want to diversify their portfolios.
  • Traders who are looking for a regulated exchange: OKCoin is a regulated exchange, which means that it is subject to certain regulations. This can be a good thing for traders who are looking for a secure and reliable exchange.

However, there are also some trading groups that may not be suited for OKCoin, including:

  • Traders who are looking for the lowest possible trading fees: OKCoin's trading fees are not the lowest in the industry. There are other exchanges that offer lower fees, but they may not offer the same features or liquidity as OKCoin.
wish
TokenOKX Unveils European Expansion Plan with Okcoin Rebrand
In a strategic move to bolster its European presence, Okcoin Europe Ltd. has rebranded to OKX and ap
WikiBit

2024-04-11 15:37

OKX Unveils European Expansion Plan with Okcoin Rebrand
IndustryUS FDIC Says OKCoin Made False Statements About Deposit Insurance and Demands Corrections
The US Federal Deposit Insurance Corporation sent a letter to OKCoin USA, Inc., demanding the cryptocurrency exchange take action to address false and misleading statements about its deposit insurance.
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2023-06-12 19:26

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