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.
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.
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.
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
|User Tier||Accumulated 30-Day Trading Volume (USD)||Place an order||Take an order|
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
|Channel||Deposit Fee||Withdrawal Fee||Deposit Limit|
|Signature Bank (Bank Transfer)||Free||Free||Corporate: from USD100|
Individual: from USD50,000
|Silvergate Bank (Bank Transfer)||Free||Free||From USD100 (US users only)|
|Prime Trust (Bank Transfer)||Free||USD35/Transaction||From USD100|
|Epay Account Transfer||OKCoin charges 1%||Free||From USD0|
|Prime X Transfer||Free||Free||From 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.
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.