|Exchange Name||OKCoin International|
OKCoin (okcoin.com) REVIEW, TRADING VOLUME AND PAIRS
OKCoin is a small but well-known Beijing crypto-exchange, which trades tens of cryptocurrencies. Although today it is not included in the list of the largest trading platforms, once was quite popular, and the peak of its popularity was in 2017. The project itself was launched in 2013. Several venture capital funds, including the famous Ventures Lab, decided to found a new company. Today's daily turnover of the official website is 7.3 million dollars.
Even though the interface of the exchange is translated into several languages, it is mainly focused on the Asian market. The trading platform works with fiat currencies, such as USD and EUR, which makes it convenient not only for residents of China and Hong Kong but also for the whole world.
The TOP TEN most popular digital assets include Bitcoin, USDT, Ethereum, EOS, LTC, Bitcoin SV, USDK, Ethereum Classic, Bitcoin Cash, and Ripple. At that, 82% of trading at the time of writing the review falls on the BTC/USD trading pair.
Registration and verification in okcoin.com
To sign up on the okcoin.com, you can use an e-mail address or a contact phone number as a login. The registration procedure is simple, but it is not enough to start trading since, first, you need to pass the account verification procedure. The verification level (there are two of them) determines the account limits. If you have not been verified, you will not be able to replenish your account.
The first level of verification involves confirmation of the mobile phone number and identity by providing a copy of the passport or id-card. The second level of verification requires confirmation of the e-mail address and all passport data. When everything is done, you can start trading
Before you start trading, you need to replenish your balance. This can be done either using a bank transfer in dollars or the cryptocurrency (Bitcoin, ETH or LTC). There are limits for dollar deposits, which are indicated on the website. It is worth noting that the funds' deposit/withdrawal in fiat currency is subject to a fee of 0.1%, with a minimum fee of $15.
To start trading, go to the Trade section. On the left side of the screen, you will see all available markets. In the center, you can see the price chart and the form for opening orders. In the right part, there is a trade blotter. Both sports trading and margin trading are available on OKCoin, which is a definite plus. If you have any questions during the trading process, you can contact the support team via the chat-box.
OKCoin is a small Chinese exchange that enjoys a certain trust among users.
Benefits of the platform:
• User-friendly interface;
• Margin trading;
• Great graphics and a wide range of analytical tools;
• Moderate commission fee on deposits and withdrawals.
Among the disadvantages, we should specify a limited amount of cryptocurrency and mandatory verification. In the comments, you can also find complaints about delays during the withdrawal of funds and problems with receiving SMS-codes. Also, in the not-so-distant recent past, there were cases of unauthorized access to customer accounts.
Despite the relatively small trading volumes, OKCoin deserves your attention. You can sign up here and test the exchange by making a small deposit. But you should remember that anonymous trading is not available here due to mandatory verification. It is not recommended to store large amounts on an exchange account because of the risk of account hacking, which is relevant for absolutely all platforms.