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Home CryptoCurrencies Okcoin.com Cryptocurrency Exchange Review : Global Digital Asset Exchange

Okcoin.com Cryptocurrency Exchange Review : Global Digital Asset Exchange

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About Okcoin.com

Founded in 2013, Okcoin.com is a world leading digital asset trading platform. OKCoin currently provides fiat trading with major digital assets, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. OKCoin has recently expanded to the United States and is looking to serve more users around the world in the future.

Okcoin.com believe that bitcoin and blockchain will eliminate trade barriers, improve transaction efficiency, and drastically transform global financial system. We want to bring the most secure and reliable digital trading platform to our customers while complying with the highest cybersecurity and regulatory standards in the US and the world.

At Okcoin.com, they value customers. With a team of highly trained specialists available 24/7 for customer support, they are ready to assist you with any problems you may come across while trading on platform. They pride ourselves with excellent customer service and transparency. You will be trading your digital assets on one of the most secure and reliable platforms available.

Operating company

Exchange nameOkcoin.com
Support24/7
Number of currencies handledOver 29 types
Futures tradingPresent
Transaction fee0.05%
Withdraw FeeFree
Official sitehttps://www.okcoin.com/

How To  Start With Coindcx

To start trading with Okcoin.com, Indian residents first have to sign up for an account by following the steps below.

Step 1. Click on the “Login/Signup” link on the top right hand corner of the Okcoin.com website.

okcoin.com

Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.

Step 3. If you have a referral code, enter the code while creating your account.

Step 4. Submit the form and wait for an activation email to be sent to you.

Step 5. Click on the “confirm email” link in the activation email.

Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Okcoin.com account

Step 7. The next step is to complete your Know Your Customer (KYC) verification, for which you need to upload soft copies of your Permanent Account Number (PAN) and your Aadhaar ID card.

Step 8. Okcoin.com Promise that they carry out KYC verification within the same day of the uploading soft copies of relevant documents.

After Okcoin.com verifies your details, you can start trading on the exchange. The first step to start trading is to deposit either BTC or ETH into your Okcoin.com wallet. After you do so, you can go ahead and buy or sell any of the cryptocurrency pairs that Okcoin.com offers.

Customer’s Tax Responsibilities

Okcoin.com reminds all customers of your responsibility to pay applicable taxes from digital asset trading. Please consult your own tax advisor as tax laws and regulations change periodically.  OKCoin is not responsible for customers’ tax obligations.

Transaction history

Customer transaction history provides information used to determine any gain/loss on your digital asset activity on OKCoin. Such information includes:

  • Time and Date
  • Trading Type
  • Amount
  • Balance
  • Fees

Transaction Fee

Okcoin.com will assign a transaction fee tier to your account according to your trading volume and offers different transaction fee discounts to users of different tiers (Your transaction fee tier is reviewed and updated every day).
User TierAccumulated 30-Day Trading Volume (USD)Place an orderTake an order
Lv1<100,0000.05%0.10%
Lv2100,000-1,000,0000.02%0.09%
Lv31,000,000-5,000,0000.00%0.08%
Lv4>5,000,0000.00%0.05%

Your last 30-day trading volume of spot and C2C trading are converted into USD based on the exchange rate of that currency/USD at the time of the transaction. It is settled at 00:00 (UTC+8) every day, and the accumulated trading volume for all tokens in spot trading in the last 30 days will be calculated.

For example, if the user traded BTC, ETH, LTC, and ETC in the last 30 days, the system will convert each transaction to USD trading volume separately according to the price of USD at the time of the transaction (transactions in the BTC and ETH markets will also be converted), then calculate the 30-day accumulated trading volume at 00:00 (UTC+8) every day.

Deposit and Withdrawal Fee

Okcoin.com offers multiple deposit and withdrawal channels and charges the below fees
ChannelDeposit FeeWithdrawal FeeDeposit Limit
Signature Bank (Bank Transfer)FreeFreeCorporate: from USD100
Individual: from USD50,000
Silvergate Bank (Bank Transfer)FreeFreeFrom USD100 (US users only)
Prime Trust (Bank Transfer)FreeUSD35/TransactionFrom USD100
Epay Account TransferOKCoin charges 1%FreeFrom USD0
Prime X TransferFreeFreeFrom USD100

Cold Wallet Security Design & Protocol

Bitcoin is ideal for constructing a financial social network and for achieving financial democracy. Today, the Bitcoin security infrastructure still has much room for improvement. Two important issues facing the industry is how to operate a stable Bitcoin trading platform, and securing Bitcoin wallets.

Bitcoins security is based on the core Bitcoin private key encryption algorithm. Cryptography experts believe Bitcoins cryptographic foundation (SHA256 and EDSA) is absolutely safe based on current decryption capabilities. The main problem that remains is safely storing the private key which the industry usually does via a cold wallet (absolutely no contact with the Internet wallet) to hold large quantities of bitcoins.

Customer First

Okcoin.com, they value customers. With a team of highly trained specialists available 24/7 for customer support, they are ready to assist you with any problems you may come across while trading on platform. They pride ourselves with excellent customer service and transparency. You will be trading your digital assets on one of the most secure and reliable platforms available.

Eligibility

You are welcome to report any vulnerability online via OKCoin Security Response Center. Please do not disclose the vulnerability until it is resolved. We promise every report will be evaluated, followed up, and responded by a dedicated team. All white-hats who contribute to accepted reports will be given rewards.

Safety First

OKCoin Security Response Center wishes to create a more secure and stable digital asset exchange together with all users and white-hats. We welcome everyone to report any vulnerability found on OKCoin website or app, helping us improve the security of products and businesses. The dedicated team will take immediate actions to follow up and inform you the results in time.
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LIVE EXCHANGE DATA

#NameVolume (24H)CoinsTrading PairsAlexa RankBitcoin PriceOfficial Website
Vernahttps://coinworldstory.com
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 4100+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

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