Cryptocurrency Exchanges: OKCoin

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OKCoin is one of the largest cryptocurrency exchanges in the world by volume, with over 16 million Bitcoin transacted per month at its peak. The exchange is based out of Beijing, and was founded in 2013 by tech savant Star Xu. The platform is mainly geared toward Chinese and Asian markets, but accepts traders from around the world.

OKCoin has built a reputation as one of the most advanced and stable trading platforms over the years. The cryptocurrency exchange is web-based and focuses on experienced traders – However, it can be simple enough to cater toward beginners. OKCoin has a number of trading tools and advanced technical indicators for in-depth analysis. The interface is intuitively designed, allowing for beginner and advanced traders to benefit from this platform and all the trading options available to them.

Though it is primarily a web-based platform, OKCoin offers apps for iOS and Android. All features available on desktop are accessible on the mobile versions.

Traders can experience a number of trade types, such as margin trading, futures, place Iceberg orders, trailing stop orders, and TWAPs.

The fee structure is reasonable, and considered low for the Chinese market. The trading fees are based on a sliding scale that refers to monthly volume on the exchange. Maker fees are non-existent, while taker fees vary but drop as trading volume increases, (taker fees range from 0.20% – 0.10%). When trading futures, traders incur a 0.03% on open positions.

Deposits and withdrawals in fiat can be done using USD or CNY. Fiat withdrawals and deposits incur a fee of 0.1%.

The platform has fantastic customer support, and offers email, live chat, telephone support, and a ticketing system. Tickets are usually responded to within an hour. Additionally, OKCoin features an FAQ page where traders can find answers to most questions they might have.

Overall, OKCoin is a great cryptocurrency exchange and one of the most popular exchanges on the market. It is very responsive and has excellent UI/UX.

Protecting Your Cryptocurrency And Staying Safe on OKCoin

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