Since 2014, OKCoin has been providing online financial services to millions of traders from up to 180 countries around the world. The cryptocurrency exchange is based in San Francisco with 6 global offices, and they offer multiple cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ethereum Classic, Bitcoin Cash, EOS, and Ripple, for trading online through the provided trading platforms. There is a range of trading tools and educational resources to help traders, while a dedicated client support team is easily reachable.
OKCoin Review Introduction
In this OKCoin review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including OKCoin.
OKCoin Platforms & Tools
OKCoin provides traders with a proprietary platform, which has an intuitive interface and features real-time quotes, live charts, spot trading, and margin trading. The platform has high-level security and reliability and is very useful for trading Bitcoin, Litecoin, and Ethereum. It allows clients to buy and sell crypto assets using local currencies and facilitates margin lending in certain permitted jurisdictions.
The Exchange provides the platform as an installable desktop application for Windows and Mac computers, a non-installable web version, and a mobile trading app that is compatible with Android and iOS devices. The mobile app can be downloaded from the relevant app stores and can be very useful to those who want to manage accounts and place trades while on the move, provided there is an internet connection. OKCoin offers an API, which is a reliable tool for cross-platform trading bots.
OKCoin Research & Education
Owing to the importance of trading education in helping traders make informed trading decisions, OKCoin makes a good number of educational resources available on their website. Some of them include the Newsroom, Press Releases, the Trading blog that contains a range of educational articles, and an FAQ section that provides instant answers to the common questions that traders may have.
OKCoin Trading Accounts
The Exchange offers two account options: the Individual Account and the Corporate Account. The minimum deposit amount required to operate an account is $1.
OKCoin Account Funding
OKCoin processes deposits and withdrawal requests by transferring fiat currency through the following payment methods:
- Bank Transfer (International and domestic wire
- Credit/Debit Cards
Some methods may not be available for both deposits and withdrawals, while the transaction processing time may vary depending on the payment method used.
OKCoin Customer Service
The Exchange has a customer support team that is available 24/7 and can be contacted through email and multiple social media channels: Facebook, Twitter, Reddit, Telegram, and LinkedIn.
The Exchange is not regulated by any regulatory body at the moment, which may not be acceptable to some traders who prefer to trade with regulated exchanges. However, cryptocurrency regulation is still in its infancy.
OKCoin Review Summary
OKCoin is a cryptocurrency exchange that was founded in San Francisco in 2014 to offer multiple cryptocurrencies for online trading via an intuitive trading platform. They provide traders with useful trading tools, educational resources, and a customer support team. There are multiple account types and payment methods. However, they are not regulated by any financial authority at the moment, which might pose a red flag to most potential traders and investors.
It is worth mentioning that some of the trading products and services in this OKCoin review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the OKCoin broker website which you can visit by using the link below.
Trading of digital assets involves significant risk. The risk of loss in trading or holding digital assets can be substantial. You should therefore carefully consider whether trading in digital assets (or any use of margin if permitted/enabled) is suitable for you in light of your financial condition. You should also exercise prudence in trading in digital assets. Prices can and do fluctuate at any given moment for any reason. As a result of the price fluctuations, you may gain or lose value in your assets at any given moment. Any digital asset or trading position may be subject to large swings in value and may even become worthless.