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
https://www.okcoin.com/
Website
Influence
A
Influence Index NO.1
United States 7.81
Biz Area
Search Statistics
Advertising
Social Media Index
FSARegulated
Digital Currency License
NMLSRegulated
MTL License
CEZARegulated
Digital Currency License
FINTRACOver-Operation
Common Financial Service License
FinCENRevoked
MSB License
FinCENRevoked
MSB License
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
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Yesterday Vol
7 Days
Aspect | Information |
---|---|
Company Name | OKCOIN |
Registered Country/Area | China |
Founded Year | 2013 |
Regulation | FSA, NMLS, CEZA, FINTRAC ( Exceeded), FinCEN (Exceeded) |
Cryptocurrencies Offered/Available | Bitcoin (BTC), Ethereum (ETH), and others |
Trading Fees | The maker fee is 0.10%, and the taker fee is 0.15%. |
Pament Method | E-wallets,bank transfer |
Customer Support | Company websitehttps://www.okcoin.com/Twitterhttps://twitter.com/OKcoinFacebookhttps://www.facebook.com/OKCoinOfficialCustomer Service Email Addresssupport@okcoin.com |
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.
Pros | Cons |
---|---|
Wide range of cryptocurrencies for trading | No strong regulation in all regions |
Maximum leverage of 10x | Fees not competitive |
Offers educational resources and tutorials | Limited cutsomer support options |
Only one trading platform available |
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.
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.
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.
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.
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.
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.
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.
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.
Currency | Pair | Price | +2% Depth | -2% Depth | Volume | Volume % |
---|---|---|---|---|---|---|
Bitcoin | BTC/JPY | $65,253.17 | $122,376.14 | $389,670.87 | 14,998,926 | 65.03% |
Ethereum | ETH/JPY | $3,512.45 | $9,814.96 | $187,450.64 | 4,767,392 | 20.67% |
XRP | XRP/JPY | $0.6525 | $7,411.14 | $12,156.29 | 877,210 | 3.80% |
Sui | SUI/JPY | $1.5200 | $497.44 | $72,573.95 | 677,693 | 2.94% |
Bitcoin Cash | BCH/JPY | $455.77 | -$8,068.86 | $414,809 | 1.80% | Recently |
Cardano | ADA/JPY | $0.777 | -$671.46 | $290,764 | 1.26% | Recently |
Filecoin | FIL/JPY | $10.02 | $8,704.92 | $7,977.77 | 195,886 | 0.85% |
Shiba Inu | SHIB/JPY | $0.00002663 | $594.06 | $999.58 | 171,826 | 0.74% |
Qtum | QTUM/JPY | $5.9628 | $500.47 | $157.40 | 102,271 | 0.44% |
Dogecoin | DOGE/JPY | $0.1627 | $1,245.51 | $2,169.82 | 88,833 | 0.39% |
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%.
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.
fees: OKCoin does not charge a deposit fee for most cryptocurrencies.
However, there is a $10 minimum deposit for fiat currencies.
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:
Tier | Maker Fee | Taker Fee |
---|---|---|
P0 | 0.10% | 0.15% |
P1 | 0.09% | 0.14% |
P2 | 0.07% | 0.12% |
P3 | 0.04% | 0.10% |
P4 | 0.02% | 0.08% |
P5 | 0.00% | 0.06% |
OKCoin offers a variety of payment methods depending on your location and desired action (depositing or withdrawing funds):
Depositing Funds:
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:
Manage your portfolio:
Advanced features:
Additional features:
Benefits of using the OKCoin app:
Download the OKCoin app:
Available for free on the App Store (iOS) and Google Play (Android).
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:
2. Simple Buy/Sell:
3. P2P Trading:
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:
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.
However, there are also some trading groups that may not be suited for OKCoin, including:
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