Okcoin Review: Pros, Cons, and More The Motley Fool

And buy-and-hold investors may be enticed by the high interest rates that Okcoin offers on crypto deposits.However, as of writing, Okcoin isn’t available to all U.S. residents. So if you live in one of the states that aren’t supported, you’ll need to look elsewhere. Explore your other options in our guide to the top crypto exchanges.

We’re sorry that you fell victim to a scam organization posing as Okcoin. We urge our customers to only use our official website and to not open any suspicious links sent to you. We also strongly discourage anyone from providing account information anywhere except our official help desk. We have informed our team about this fraudulent site and we will be going through the process of reporting it to the proper authorities.

Businesses

After 24 hours, authorities released Xu after he cooperated in the investigation of his accusers’ accusations. In 2019, the exchange announced the investment of an undisclosed amount in the crypto custody provider Prime Trust. Other participants in the funding round with Prime Trust and OKCoin included Novablock Ventures, Xsquared Ventures, and Blockchain Partners. But the many benefits of using OKCoin don’t end there.

• The information provided on this page is for educational purposes only and is not intended as investment advice.
• Smaller altcoin trading pairs such as LTC/USD, LINK/USD and EOS have much lower trading volumes in the order book compared to Binance for example.
• And if your 30-day trading volume is greater than $500,000,000 USD, the maker fee is 0.00% and the taker fee is 0.02%.
• The cryptocurrencies available for trading are Bitcoin, Litecoin, Ethereum, Ethereum Classic, and Bitcoin Cash, and they can all be traded against both USD and CNY.
• Okcoin is both safe and legit when exchanging cryptocurrencies since they utilize the latest and advanced encryption technology to secure the website from professional hackers.

If your trading volume is less than $100,000 per month, you pay the highest fees. However, even those fees only range between .10% and .20%, depending on whether you’re a maker or a taker. Additionally, you might have to pay another fee based on your payment source. Many professional traders ask a common question – Is Okcoin a scam?

Okcoin Supported Assets

Read our detailed Okcoin review to find out more about it. Okcoin is a globally available cryptocurrency exchange that is headquartered in San Francisco, California, with supporting offices in Hong Kong, Singapore, Malta and Japan. Okcoin is regulated in the United States for individuals to buy and sell digital assets with fiat currencies.

As for your STX, you should still be able to withdraw them after the 10 day holding period is up. If it’s been longer than that, feel free to message us on Twitter @okcoin. Our number one priority is keeping accounts and funds safe on our platform, which means we have strict risk policies in place to ensure that security. With the Okcoin trading platform, users get access to a complete and thorough trading interface.

Trading Platforms

——-UPDATE——-This thief company told me I can only withdraw my money after 6 Months. I disputed my transaction and my bank was able to get the money back and credited my account.They dont have rights to hold anyone money over 6 months. Do not deposit money otherwise these crooks will steal. With cryptocurrencies https://forex-reviews.org/okcoin/ becoming increasingly popular, many would-be traders are trying to find a low-cost place where they can trade a variety of crypto assets. One potential choice for cryptocurrency trading is Okcoin, an exchange that offers a variety of features that could work well for beginners as well as advanced traders.

• Hi Thomas, thanks for reaching out with this feedback.
• The platform is developed to cater to the needs of professional traders, but simultaneously it is simple to use for beginners as well.
• You just have to sign up, submit the required documents, verify your identity, and you will be good to go.
• The platform also offers a variety of resources and tutorials that can help you get started with trading.

If you have any questions, please don’t hesitate to send us a direct message on Twitter @okcoinhelpdesk and we’d be more than happy to help. To sum up, in this Okcoin review, we have discussed how this excellent exchange is extremely reliable. It offers advanced trading modes and features for high-volume traders, including beginners and experienced investors.

Very good exchange site

We recommend you contact your bank and your local law enforcement to report the theft. Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance.

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. When completed Level 2 provides 50,000 US dollar limit on daily deposits and withdrawals for personal accounts and 500,000 US dollars limit for corporate accounts.

I have been trying to get my Terra Luna for 3 months and there was always a problem, either the sms verification won’t send or mobile call confirmation won’t work. It is not an individual issue, changing my phone didn’t help. Customer service does nothing but sugarcoating the problem. We temporarily disabled the Earn function due to regulatory reasons everywhere, not just Canada. We apologize for how the change was communicated and we will be clearer in the future. As for trading pairs, we have the USDT/USDC pair available on the website.

For example, Okcoin is offering a flexible term for Polkadot (DOT) with an estimated return of 8% APY. There are zero transaction fees, network gas fees ongoing maintenance fees to earn crypto with Okcoin. Hi Enrique, thanks for reaching out with your review. We never remove assets from our user’s profiles without specific reason. One reason could be that you purchased the LUNA with the precredited funds we provide while the deposit from your bank processes and the deposit ultimately failed.