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OKCoin is a largest Bitcoin exchange in the world with a volume of over 16 million Bitcoins per month. Wired $2300 USD to my account, waited and them money never arrived. A day later I was told there is a problem validating my account.
Okcoin is on a mission to make crypto investing and trading easily accessible to anyone around the world. We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto. Being the largest Bitcoin exchange, Okcoin has been experiencing enormous pressure from different regulators across many countries.
He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia. You want to buy and sell crypto for some of the lowest fees on the market. It stores 95% of crypto funds in cold storage and the rest in multisig hot wallets. Cold storage is offline, so it’s the most secure crypto storage option.
No more STX to BTC Earn?
This shows that OKCoin has provided the easiest and quickest way for users to sign up and start working immediately. This prevents any wastage of time and ensures that as soon as customers are ready, they can start using OKCoin’s services. It is also a simple one that will not require days to process. Once you are signed in, you have to visit your profile and choose the option for identity verification.
That is the reason why more than 100,000 traders have chosen OKCoin as their crypto exchange. It offers over 30 trading pairs and advanced features for beginners and high-volume traders in 192 countries worldwide. Okcoin is a registered MSB or Money Services Business with Financial Crimes Enforcement Network.
That is why it is included in the list of the top crypto exchanges. We know that every trader has their preference and trading choices, so it depends on you to choose this trading platform or not. The simple OKCoin platform will appeal to anybody, whether inexperienced in cryptocurrency or a seasoned trader.
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For people that are regularly traveling, an app is very beneficial. It can be used on the move as it is very compatible and simple. The app is easily downloadable on iOS or Android devices and is very easy to use.
The first one is the individual account, which is meant for only one person’s single-use. You can either make your account through the OKCoin site or its app. When you open either of these, the option for Sign Up will pop up. All you have to do is click on this, and it will redirect you to the section where you can start the process. To start, you will have to choose the option for the phone number, email, or telegram for signing up. As it currently stands, the language barrier represents a significant problem when using the exchange.
In addition to crypto trading, Okcoin also lets you earn interest on your crypto holdings by staking or lending them. Crypto staking and lending are popular ways to earn rewards on your crypto holdings. Okcoin makes this easy and offers competitive interest rates.
- Okcoin telegram admins keep sending me to the customer service, which is not responding.
- As a result, you can rest assured its safety and security measures always comply with US regulatory and cybersecurity standards.
- That is why OKCoin is offering SSL encryption for all of the transactions that you do to ensure the safety of your investment and coins.
- Some investors prefer this over buying a tiny fraction of a Bitcoin.
The exchange is highly liquid and is trusted by many people from all over the world. The OKCoin trading platform is very responsive and beautifully designed. It also offers advanced trading types and features for experienced traders. OKCoin is the largest Bitcoin exchange in the world by volume with over 16 million Bitcoins transacted per month.
The more you use the platform, the shorter the holding period usually becomes. That being said, we definitely want to provide you with answers for your questions and can be reached directly on Twitter @okcoinhelpdesk for expedited support. Your situation seems very unusual considering that we don’t ask customers to pay income tax on cryptocurrency. The limit shouldn’t be changing and only a single purchase/trade should solve the withdrawal problem. If that doesn’t seem to be the problem, please feel free to message us at and our customer support team can take a closer look.
Another order for selling and buying cryptocurrency immediately at the current market prices is the market order. Choose the token and scan the given QR code or copy the deposit address. Find the deposit history in the Token Deposit section for reviewing the funding transactions. But okcoin switched me to Bitcoin and sold me $50 worth of bit coin.
Still have not gotten a proper reply or response as to why I cannot withdraw even after completing all verifications smh. All other money should work to be withdrawn, except for your rewarded principle. From the looks okcoin review of it, you didn’t get the help you wanted and you received an auto reply. The quality of OKCoin is fully supplemented by one of the most advanced trading interfaces on the market which is implemented on OKEx.
It is also created to meet the customers’ needs, such as having a mobile app to access the exchange platform. Additionally, for more advanced traders, Okcoin provides a wide range of trade types, such as futures, margin trading, trailing stop, Iceberg orders, etc. It is a digital trading platform which provides spot trading of digital currencies and fiat currencies to customers worldwide. The company is structured similarly to Coinbase and GDAX, where you have one of the brands focused on the needs of basic customers and the other on more serious and advanced traders. The levels of verification are discussed down below, but those options will pop up here.
What Is Okcoin Exchange?
Okcoin is extremely reliable and secure with transparent terms of services and a positive step to enhance customer satisfaction. The US dollar or USD is the only acceptable currency for deposits, which can be deposited in 2 ways – bank transfer & wire transfer. The transfer fee for individual users is 0.1 percent of the transferred amount, whereas, for corporate users, the transfer fee is zero. Withdrawals in USD are possible through bank transfer or wire transfer; both cost a 0.10 percent fee along with a minimum fee of 15 USD. Taker fees on the Okcoin trading platform are 0.20 percent, in line with the industry average.
I contacted support over the period of 1 month and provided the wire transfer trace numbers. They finally told me they could not credit the funds because the transfer dindn’t arrive. US dollar is the only accepted currency for deposits, and the only two ways to deposit them are Bank and Wire Transfer. The transfer is free for corporate users, while individual users are charged with a 0.1 percent of the amount transferred.
If your bank a/c is not linked to your Okcoin a/c, link them before selecting the payment method. I’m locking this thread now and hope that you figure out what went wrong with Okcoin support. You can recover lost funds with a recommended fund recovery service – click here to learn more. Any use of the content requires prior approval from the site owners. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. There are also email and SMS notifications, and the exchange uses PGP encryption in all email correspondence.
Report a Bitcoin Scammer
The global Okcoin users’ key target market is Asia and China. I e-mailed customer service multiple times and got zero response. I approached their admins on Telegram and someone right https://forex-review.net/ there in okcoin official chat was attempting to scam me for 0.02 BTC to unlock my account. Okcoin telegram admins keep sending me to the customer service, which is not responding.
We keep your deposits safe through offline storage, 24/7 transaction monitoring, and multi-factor encryption. Both takers and makers are charged 0.2% for every transaction. USD deposits are fee-less and there is no minimum allowed deposit; withdrawals command a 0.1% fee, with minimum withdraw amount set at 15 dollars.
As of the date this article was written, the author owns cryptocurrencies. Level 2 Verification – Deposits and withdrawals up to USD 50,000 permitted per day for personal a/c and up to USD 500,000 per day for corporate a/c. This verification level requires a bank statement or utility bill as proof of residence and a photocopy of govt ID card or passport. However, it continues to operate the best cryptocurrency exchange for non-Chinese markets. It was speculated that many Chinese professional companies would opt for overseas exchanges. Huobi and Okcoin were particular targets since they were functioning without any suitable anti-money laundering systems and KYC.
