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Okcoin Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
Okcoin logo
3.96
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Okcoin

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

The Essence of Okcoin Exchange Okcoin has established itself as an international exchange that strives to offer a fulfilling trading experience, complemented by a supportive customer service team. Whether it’s the diverse crypto pairs, the innovative trading platforms, or the emphasis on security, Okcoin presents itself as a substantial exchange within the crypto community.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Supports a variety of cryptocurrencies
  • User-friendly interface
  • Competitive fees compared to other exchanges
  • Offers earning opportunities through staking
  • Strong security measures in place

Cons

  • Limited advanced features for professional traders
  • Customer support can be slow to respond
  • Fiat deposit options may be restricted in some regions
  • Not as widely known or used as some competitors
  • Mobile experience may differ from desktop in terms of functionality

Quick Summary

Headquarters Location San Francisco, California, USA
Fiat Currencies Supported USD, EUR + 4 others
Total Supported Cryptocurrencies 102+
Trading Fees 0.04% - 0.20%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency
Support Twitter, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

The landscape of cryptocurrency trading is ever-changing, and Okcoin has consistently adapted to the fluctuations of this dynamic environment. Not merely content with following trends, the exchange has often been at the forefront of introducing innovations that enhance the overall trading experience.

Okcoin homepage

By continuously refining its approach, Okcoin aims to keep pace with the evolving demands of the market and the needs of its users.

About Okcoin

Understanding Okcoin Exchange Established with roots in Hong Kong, Okcoin is a Chinese company that has grown significantly over time, catering to a global audience with its crypto trading services. The exchange has carved out a niche for itself amidst a competitive industry by focusing on providing access to a variety of crypto assets and projects.

As the exchange expanded, it broadened its reach and now serves customers with different levels of trading experience.

Okcoin features

Since its inception, Okcoin has witnessed and adapted to various market cycles and industry trends, from the early adoption phase of cryptocurrencies to the growing interest in decentralized finance (DeFi). The exchange’s agility in responding to these shifts has been crucial in maintaining relevance in an increasingly crowded market.

Historical events, such as regulatory changes in Hong Kong and the broader Asian market, have shaped the strategic decisions of the exchange. By acknowledging these events and adapting accordingly, Okcoin has demonstrated resilience and a commitment to its user base.

Okcoin has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram, TikTok and YouTube.

Okcoin has a mobile app on both the Apple App Store and Google Play.

Okcoin Supported Cryptocurrencies

Okcoin supports trading on over 102 cryptocurrencies on their platform. This exchange currently supports 22 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Chainlink (LINK)
  • TRON (TRX)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Bitcoin Cash (BCH)
  • Toncoin (TON)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Filecoin (FIL)
  • Cosmos (ATOM)
  • Immutable (IMX)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Aptos (APT)
  • Stacks (STX)
  • Optimism (OP)

View all cryptocurrencies Okcoin supports

  • 1INCH
  • AAVE
  • ADA
  • AGLD
  • ALGO
  • ANT
  • APE
  • API3
  • AR
  • ASTR
  • ATOM
  • AVAX
  • AXS
  • BADGER
  • BNT
  • BRWL
  • BTC
  • CELO
  • CHZ
  • CLV
  • COMP
  • CRO
  • CRV
  • CVX
  • DAI
  • DHT
  • DIA
  • DOGE
  • DOT
  • DYDX
  • EGLD
  • ENJ
  • ENS
  • EOS
  • ETH
  • FLOW
  • FLR
  • FORTH
  • FTM
  • GALA
  • GHST
  • GRT
  • HBAR
  • ICP
  • ICX
  • IMX
  • KDA
  • KNC
  • KP3R
  • KSM
  • LAT
  • LDO
  • LINK
  • LPT
  • LRC
  • LTC
  • LUNA
  • LUNC
  • MAGIC
  • MANA
  • MASK
  • MATIC
  • METIS
  • MINA
  • MKR
  • NEAR
  • NMR
  • ONE
  • OP
  • PERP
  • PHA
  • PNK
  • RVN
  • SAND
  • SD
  • SHIB
  • SKL
  • SLP
  • SNX
  • SOL
  • SPELL
  • STORJ
  • STX
  • SUSHI
  • TRB
  • TRX
  • UMA
  • UNI
  • USDC
  • USDT
  • USTC
  • WAXP
  • WBTC
  • XLM
  • XNO
  • XTZ
  • YFI
  • YFII
  • ZEC
  • ZEN
  • ZIL
  • ZRX

Trading Experience

The Trading Experience on Okcoin Okcoin prides itself on offering an advanced trading experience. With a proprietary trading terminal, it meets the needs of active trading individuals and provides options such as margin trading with maximum leverage that suits professional traders.

The platform is tailored to support both simple transactions and advanced trading features, making it an attractive option for a diverse range of users.

The trading experience on Okcoin is tailored to cater to a diverse clientele, from beginner traders to those requiring advanced trading platforms with sophisticated options like Trailing stops. The proprietary trading terminal provides an ideal environment for active trading, with features designed to facilitate both quick transactions and complex strategies.

Margin trading and maximum leverage options are available, offering seasoned traders additional tools to navigate the markets effectively.

Okcoin exchange marketing

Okcoin Fees

Navigating Okcoin’s Fee Structure The fee landscape of Okcoin is designed to accommodate both casual and professional traders. Instead of specific figures, it’s essential to note that the exchange employs a tiered structure, where transaction fees and other financial obligations vary depending on factors such as verification levels and trading volumes.

The exchange aims to maintain fees competitive with market averages.

Okcoin’s fee structure is crafted to offer a competitive edge, focusing on aligning with the best practices within the industry. The tiered fee system is designed to benefit users by allowing them to reduce transaction costs as their activity levels increase.

This approach not only incentivises volume trading but also ensures that the exchange maintains an equitable environment for both high-volume traders and those with minimum thresholds. The Maker fee, in particular, encourages market liquidity by rewarding users who contribute to the order book.

Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 2.49%
Trading Fee 0.04% - 0.20%
Withdrawal Fee (Bank Transfer) $1 USD - $50 USD

Okcoin has a maker/taker fee schedule which you can see below.

Tier 30-day trading volume (USD) Maker fee Taker fee
P0 < 100,000 0.10% 0.20%
P1 ≥ 100,000 0.09% 0.18%
P2 ≥ 500,000 0.07% 0.16%
P3 ≥ 1,000,000 0.04% 0.14%
P4 ≥ 5,000,000 0.02% 0.10%
P5 ≥ 10,000,000 0.00% 0.08%
P6 ≥ 25,000,000 0.00% 0.06%
P7 ≥ 50,000,000 0.00% 0.05%
P8 ≥ 100,000,000 0.00% 0.04%
P9 ≥ 250,000,000 0.00% 0.03%
P10 ≥ 500,000,000 0.00% 0.02%

Security - Is Okcoin Safe?

Okcoin Exchange and Security Measures Security is a paramount concern when it comes to crypto exchanges, and Okcoin addresses this by implementing multiple layers of protection. The exchange uses cold storage for funds, has internal audits, and complies with various regulatory standards to ensure the safety of its users’ crypto holdings.

Furthermore, real-time, around-the-clock transaction monitoring is in place to thwart any suspicious activity.

Okcoin’s commitment to security extends beyond the foundational measures such as cold storage and internal audits. The exchange actively fosters a culture of safety that permeates every level of operation, from the meticulous management of corporate accounts to the safeguarding of individual users’ crypto holdings.

Hot wallets are utilised judiciously to balance convenience with an optimal level of protection, ensuring that funds remain secure even in the face of potential threats.

Okcoin Customer Support

Customer Support at Okcoin Okcoin places a high emphasis on customer satisfaction, providing various channels for support. Users can expect to find assistance through comprehensive educational resources, quick response times from support teams, and mobile verification options that add an extra layer of convenience when urgent queries arise.

Okcoin’s customer support infrastructure is well-rounded, aiming to address the needs of its global user base. Alongside educational resources, the exchange has put in place a responsive support system that offers answers from people with a positive outlook, ready to handle any user inquiries.

This dedication to customer care is reflected in the positive Excerpts from user reviews, outlining experiences with the platform’s support teams.

Okcoin support

Okcoin Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Okcoin

  1. Create Account - Visit the Okcoin website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay

Okcoin Alternatives

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3.27
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
359+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

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Kraken logo

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Trading Fees
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Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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OKX logo

OKX

3.75
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
332+

Trading Fees
0.06% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

Reflecting on Okcoin Exchange As we draw this review towards a close, it’s important to reflect on the unique position Okcoin holds within the cryptocurrency exchanges. With a focus on expanding its offerings and providing a platform for both new and seasoned traders, Okcoin has secured a place as a significant player in the crypto ecosystem.

In the broad spectrum of digital finance, the role of cryptocurrency exchanges is becoming increasingly pivotal. Crypto exchanges like Okcoin are at the heart of this digital revolution, serving as gateways to a burgeoning ecosystem of crypto assets and blockchain projects.

As the industry moves forward, these platforms could play a significant role in shaping the future of finance, potentially influencing everything from asset tokenisation to the integration of crypto with traditional financial services.

Okcoin FAQs

Yes, Okcoin is recognized as a legitimate cryptocurrency exchange platform that facilitates the buying, selling, and trading of various cryptocurrencies. It has been operational since 2013 and is known for its compliance with relevant regulatory standards in the regions it operates.

The withdrawal time from Okcoin can vary based on several factors, such as account verification status and the type of withdrawal method used. Usually, once your account is fully verified and the withdrawal request is made, the process can take from a few minutes to several days.

Yes, you can link your bank account to Okcoin for deposit and withdrawal purposes. This typically involves a verification process to ensure the security of transactions between your bank account and the Okcoin platform.

Yes, you can send out Bitcoin on Okcoin to another wallet. To do this, you will need to navigate to the withdrawal section, enter the recipient’s Bitcoin address, and confirm the transaction.

Yes, Okcoin allows users to use a debit card to make deposits into their accounts, facilitating easy and swift transactions.

The verification time on Okcoin can vary. Typically, the initial verification process can be completed relatively quickly, while additional verification levels for higher transaction limits may take longer to process, depending on the provided documentation and Okcoin’s current review queue.

Okcoin itself does not provide trading bots, but users may employ their own automated trading strategies through the platform’s API. It’s essential to use such tools responsibly and within the terms of service of Okcoin.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: