OKCoin is one of the industry’s oldest exchanges, founded in China in 2013. Over the years, it has evolved—expanding globally, launching projects like OKEx, and in 2023, announcing a rebrand with plans to unify services under the OKX brand. The total quantity of bitcoin accessible in payment channels limits the amount of bitcoin you may transmit through the Lightning Network.
OKCoin Review – Full Overview of OKCoin Crypto Exchange
The system will prompt for identity verification, but you can skip the process and do it later. Okcoin customers are also leveraging the power of recurring buys to buy a little at a time and avoid the stress of trying to time the market. Okcoin will send you a confirmation Email and your withdrawal process is complete when you confirm the details in the Email. The exchange has a trading volume of $26 million as of March 2022, which is a 12% increase from Feb 2022($14 million).
This company is a scam
The support system includes telephone support, a live chat ticketing system, and email. It also consists of a FAQ page for common questions and a live chat area for professional help. The agents are friendly and quick, and their responses are thorough and concise.
one of the best exchanges!
FTX is known for catering to active derivatives traders and optimizing for high order volume and trading execution speed. FTX cannot be used by US persons however Okcoin can, and both require KYC. Coinbase is a public US company and offers transparency into its industry-leading security along with its brand reputation, while Okcoin is not, but both are US based. Coinbase is better for many core aspects of crypto trading and products offered if compared to Okcoin, even if only for its much more expanded coin offerings.
Okcoin is a cryptocurrency trading platform designed for institutional clients, offering services such as spot trading, OTC trading, and leverage trading. Unique features include industry-leading low fees, instantaneous funding through global banking partners, and advanced trading tools. The platform also supports API connectivity and provides 24/7 global client services. We highly value account security and have several protocols in place to ensure the integrity of the accounts on our platform. One of these is a 10 business day holding period before newly deposited fiat or purchased crypto become available for withdrawal. The more you use the platform, the shorter the holding period usually becomes.
In general, the exchange has had a positive history without significant security incidents and a well-developed compliance system. KuCoin is a cryptocurrency exchange that offers a wide range of services including buying, trading, and earning through various financial products. Unique features include discounted fees, comprehensive API services, and a transparent proof of reserves system. The platform also provides tailored services for institutional and VIP users, such as low-interest loans and high-interest wealth management options. Kraken is a cryptocurrency exchange that provides a comprehensive suite of services for institutional traders, including trading, staking, and custody.
This company won’t let me withdraw my…
We never withhold funds from our customers without reason, so it sounds like this is an individual account issue. In order for our escalations team to look into this matter more closely, please send us a direct message on Twitter @okcoinhelpdesk and they’ll gladly provide you with expedited support. One reason could be that you purchased the MIA with the precredited funds we provide while the deposit from your bank processes and the deposit ultimately failed.
- The transaction will show in the blockchain network in question and process therein.
- A pedigree that, in my opinion, accounts for OKCoin being so obsessed with speed, volume, and near-perfect uptime.
- Once we get fully licensed there and service the state, these features will become available.
- Until then, we still do have a few trading pairs available in your state that you can trade on the platform.
- In the ever-evolving landscape of cryptocurrency trading, finding the right exchange can be as crucial as choosing which cryptocurrencies to invest in.
- Individuals of certain states may not use the exchange, such as Hawaii and some others.
- In order for us to help you with your withdrawal, please feel free to reach out to us at and we’d be happy to take a look.
- With its reputation for regulatory attention and convenient tools, OKCoin has positioned itself as a trustworthy and transparent exchange.
- Users can also access support via logging into the exchange.
Users have shared overwhelmingly positive feedback about OneSafe, highlighting its exceptional customer support and innovative solutions that simplify complex financial tasks. The overall rating for OneSafe is 4.8 out of 5 stars. Another unique feature is that of recurring transactions, be it buy or sell orders. This means that users can automate any transaction for any eligible holdings, no matter the market conditions. Experienced investors use recurring buys, also known as dollar-cost averaging, to eliminate market volatility over a longer period of time. For that trading Bitcoin, for instance, the exchange recently integrated the Lightning Network.
CUSTOMER
The only thing that I don’t like are the US Bank fees when I withdraw USD from my OKCoin account. The exchange specializes in securities that are regulated and technically enhanced. The OKCoin app is compatible with both iOS and Android. It is not difficult to see market data, place trades, and see your balances.
Okcoin steals your money
Okcoin’s low fees provide okcoin review a significant advantage, especially for active traders who frequently execute trades. The OKCoin site is easy to navigate and has a responsive web-based platform, where users can switch between account overview, price charts, and trade execution. Users can quickly access their accounts with Two-Factor Authentication. Real-time charts include tools for technical analysis, such as drawing tools and indicators.
Someone responded my other review saying email your concern to provided email but they don’t even care to respond. This company don’t deserve to be in market they are big scam. ——-UPDATE——-This thief company told me I can only withdraw my money after 6 Months. I disputed my transaction and my bank was able to get the money back and credited my account.They dont have rights to hold anyone money over 6 months. Do not deposit money otherwise these crooks will steal. We can assure you that we value all of the cryptocurrencies on our platform and do our best to provide a variety of options for our customers.