OKCoin is a cryptocurrency exchange that provides online digital trading services, offering a platform to spot trade digital assets and facilitate margin lending in certain permitted jurisdictions. They offer multiple cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ethereum Classic, Bitcoin Cash, EOS, and Ripple.
OKCoin Review, Pros & Cons
- Intuitive trading platform
- A selection of educational resources
- Range of cryptocurrencies
- 24/7 customer support
- Not regulated
- Cryptocurrency trading only
- No MetaTrader trading platforms
In this detailed OKCoin review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Headquartered in San Francisco with 6 global offices serving millions of users from around 180 countries of the world, OKCoin is a cryptocurrency exchange that allows clients to buy and sell crypto assets using local currencies globally. The Exchange provides tools that help to deliver competitive trading conditions. They also give traders access to a range of educational resources and a professional client support team.
The Exchange is not regulated at the moment. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
OKCoin does not make all the services available in all markets and jurisdictions and may restrict or prohibit the use of all or a portion of the services from certain countries/regions/territories, which at this time include Cuba, Iran, North Korea, Crimea, Sudan, Syria, Malaysia, Bangladesh, Bolivia, Ecuador, and Kyrgyzstan, due to compliance or regulatory requirements.
Some OKCoin features and products mentioned within this OKCoin review may not be available to traders from certain countries because of legal restrictions.
OKCoin provides traders with an intuitive proprietary platform. It features real-time quotes, live charts, spot trading, and margin trading. The platform is available as a desktop application for Windows and Mac computers, a web version that can run directly on most modern web browsers, and a mobile trading app that is compatible with Android and iOS devices. It has high-level security and reliability and is the go-to platform for Bitcoin, Litecoin, and Ethereum traders worldwide.
OKCoin Trading Tools
OKCoin offers an API, which is a reliable tool for cross-platform trading bots.
The OKCoin’s website contains a good selection of educational resources that are geared towards improving the overall trading skills and knowledge of traders. The educational materials include a Trading blog containing a range of educational articles; Newsroom, Press Releases, and a well-organized FAQ section.
OKCoin offers multiple cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ethereum Classic, Bitcoin Cash, EOS, and Ripple, for online trading via the provided trading platform.
OKCoin Accounts & Fees
The Exchange offers two account options: the Individual Account and the Corporate Account.
As broker fees can vary and change, there may be additional fees that are not listed in this OKCoin review. It is imperative to ensure that you check and understand all of the latest information before you open an OKCoin broker account for online trading.
The customer support team is available 24/7 and can be contacted through email and multiple social media channels: Facebook, Twitter, Reddit, Telegram, and LinkedIn.
OKCoin Deposit & Withdrawal
Deposits and withdrawals are done by transferring fiat currency through the following payment methods:
- Bank Transfer (International and domestic wire)
- Credit/Debit Cards
OKCoin Account Opening
Clients can open a trading account by filling out and submitting the account opening form, which is found at the top right corner of the Exchange’s website. The account opening page is displayed thus:
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
OKCoin is a cryptocurrency exchange that offers multiple cryptocurrencies for online trading via the provided trading platforms. They provide traders with useful trading tools, educational resources, and a professional customer support team. However, there is no regulatory information on the Exchange’s website currently. You may wish to view our best crypto brokers for regulated alternatives.
Trading of digital assets involves significant risk. The risk of loss in trading or holding digital assets can be substantial. You should therefore carefully consider whether trading in digital assets (or any use of margin if permitted/enabled) is suitable for you in light of your financial condition. You should also exercise prudence in trading in digital assets. Prices can and do fluctuate at any given moment for any reason. As a result of the price fluctuations, you may gain or lose value in your assets at any given moment. Any digital asset or trading position may be subject to large swings in value and may even become worthless.