They allow their users access to many popular cryptocurrencies through spot trading with US dollars, Euros, and Singapore Dollars. Their main executive team consists of Hong Fang , Haider Rafique , Megan Monroe-Coleman , and more. OKCoin excels in the area of customer support, especially for a cryptocurrency exchange. The support options available to traders include email, live chat, telephone support, and a ticketing system.
Money and cryptocurrency you want to trade must be in your funding account, whereas withdrawals can only be made from your funding account. You can move funds between these accounts at any time instantly and free of charge. But we okcoin review do have to make money to pay our team and keep this website running! The College Investor does not include all companies or offers available in the marketplace. And our partners can never pay us to guarantee favorable reviews .
An average trader and sometimes experienced traders even can’t tell the difference between legit and scam platforms. But you should keep in mind that OKCoin is not working without any regulations. It is properly regulated by financial regulatory authorities; hence it is not a scam.
Leverage multiplies your profits and losses and increases the risk by the amount of leverage you take. If the price drops low enough that the difference in price is equal to the margin you have invested, your position will be liquidated. In the event it drops below the liquidation price, there is an insurance fund to cover the difference. You can execute market trades to trade at market price asap. There isn’t any information about how they determine market price in their broker dealer marketplace on their site. However you can always check the price by asking for a quote in the trade tab.
We’ll take a look at its pros and cons and whether it’s the right platform to help youget in on the Bitcoin action. Be careful when considering high-risk investments like cryptoassets & cryptocurrencies (e.g. bitcoin). Their value can go up and down significantly, without any warning.
This can be accessed by the laptop, PC, or other devices which can use the browser. In the last few days an issue arose with a reddit user accusing the exchange to hinder his verification process and retain 97 BTC. The problem was finally sorted out, but the intervention of a high employee was required.
As I gained experience with Crypto I tried most of the big name brokers including Coinbase, Gemini, and others. One thing I particularly don’t like is that it doesn’t let you trade everything so you end up with worthless crypto dust – amounts of about $3 that you can’t trade. I prefer its interface for both quick and more detailed transactions and I like the fast rails it has with US banks.
And one last thing persuade the SEC or other government department to add futures or margin trading. This is the only exchange so far where i can acquire MiamiCoin. The option to have the basic and advanced is ok in the app. I just wish it would be easier to find the available coins i guess in another view per se.
The College Investor does not offer investment advisor or brokerage services, nor does it recommend buying or selling particular stocks, securities, or other investments. 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. The interface of the platform and the app is very user-friendly. It is designed in a way that customers who are of different levels can still use it. This means that users who might just be beginners or even professionals will not have any trouble using the site.
Instead, you can take Okcoin with you through a mobile app. As you build your cryptocurrency assets, the idea of making your crypto work for you is enticing. Okcoin makes it easy to make your crypto work for you with staking and DeFi. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure.
Flexibility will bring convenience for you, and you may be able to cash out your assets early or set a staking period as per your preference. This advertisement contains information and materials provided by Robinhood Financial LLC and its affiliates (“Robinhood”) and Publisher, a third party not affiliated with Robinhood. Securities offered through Robinhood Financial LLC and Robinhood Securities LLC, which are members of FINRA and SIPC.
They use the latest security encryption along with account security methods to provide the best possible safety to their users. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Securities offered through Robinhood Financial LLC, a member of FINRA and SIPC and a wholly-owned subsidiary of Robinhood Markets, Inc.
The support system includes email, telephone support, ticketing system, and live chats. The representatives are not only professional but friendly with quick and effective responses. Moreover, Okcoin features a page just for FAQs answering the most commonly asked questions by average as well as advanced traders. Taker fees on the Okcoin trading platform are 0.20 percent, in line with the industry average.
This is not only time-consuming, but inefficient and troublesome. If you think you can bring people or even your family members or friends to Okcoin, then you can earn passive income through their affiliate program. Whatever the fee your affiliates pay to Okcoin, you will receive 30% of that fee as the reward, for an indefinite amount of period.
Once you’ve completed verification for this level, you will now be permitted to trade up to $700,000. For individual accounts, you can trade up to $2000 when you’ve completed your Level 1 verification. OKCoin utilizes their very own proprietary web-based trading platform. If you click on the profile icon at the top right of the page, you will see a dropdown window with a ‘Help Center’ tab near the bottom.
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. The question arises why is it necessary to adopt all of these policies? To answer that, in recent times, many cases have been reported related to fraud activities and misuse of some of the authentic platforms by scammers to scam inexperienced https://forex-reviews.org/ traders. As a regulated platform, OKCoin has to provide all of these security protocols to ensure the safety of the trader’s money and data. And I am pretty sure none of you would ever want to get scammed, especially while you are dealing with your personal and financial information and money at an online platform. The time it takes for the deposit to become available varies.