One of the oldest and most well-known cryptocurrency exchanges in the world, Okcoin was established in 2013 and is accessible in more than 190 countries. Its success is largely attributed to its exceptionally low trading fees and beginner-friendly, intuitive design.

Okcoin’s workings

You can buy, sell, and exchange virtual currencies with Okcoin. You can fund your account with an ACH transfer, wire transfer, or debit card payment after registering and proving your identity. The exchange provides trading accounts and financing accounts, respectively. This is a method of dividing the money you want to utilize for trading actively from the money you want to store. Withdrawals can only be done from your funding account, whereas the funds and cryptocurrencies you wish to trade must be in your funding account. Money can be transferred instantaneously and without any fees between these accounts at any time.

On Okcoin, there are two ways to trade cryptocurrencies, which are identified as follows:

• Buy An easy-to-use tool that enables bitcoin buying and selling.
• Trade: Real-time bitcoin trading is provided through a sophisticated tool.

On Okcoin, in addition to trading cryptocurrencies, you can also stake or lend your holdings to earn money.

Full review of OKCoin

For cryptocurrency lovers who wish to invest in a range of cryptocurrencies and cut trading costs, this exchange makes sense. The staking scheme offered by this exchange will appeal to people looking for passive income options.

Low costs

Okcoin’s fees are some of the lowest we’ve seen, making it its strongest feature. Your monthly trading volume will determine your trading expenses, but the most you’ll ever pay is 0.2%. In contrast, fees on many well-known crypto exchanges start at 0.5%. In addition, several charges are 1% to 1.5% or more. When you invest in cryptocurrency with Okcoin, you’ll minimize additional expenditures, and over time, that matters.

A user-friendly layout

Okcoin has a beautiful layout and style. If you’re just getting started with cryptocurrency, it’s important that everything is properly labeled and simple to grasp. The exchange’s homepage includes instructions on how to create an account and begin purchasing cryptocurrency.

Additionally, it categorizes various kinds of cryptocurrencies on its trading platform and provides a comprehensive assistance center. You may rapidly navigate to the top cryptocurrencies, decentralized finance (DeFi) initiatives, or stablecoins to learn more about them.

Both simple and complex trading platforms

It provides two separate trading interfaces on this exchange. The default buy/sell interface is simple and ideal for those who wish to get started with cryptocurrency trading without feeling overwhelmed. More charting tools are available on the more sophisticated platform, which is beneficial for more seasoned investors.

Numerous cryptocurrency options

On Okcoin, you can buy, sell, and exchange more than 75 cryptocurrencies. This is a solid lineup that offers you a wide range of projects to invest in, from the biggest cryptocurrencies to those that are still climbing the list. One of the greatest locations to acquire Bitcoin is Okcoin, which is particularly widely recognized. It allegedly makes over 16 million Bitcoin transactions each month. The exchange is also the first in the country to provide the smallest unit of Bitcoin, known as a satoshi, for purchase. For some investors, this is preferable to purchasing a tiny portion of a Bitcoin.

Offers cryptocurrency loans and staking

Popular strategies for profiting from your crypto holdings include crypto staking and lending. This is made simple with Okcoin, which also offers affordable interest rates. By adding them to a staking/lending pool, you can receive rewards on more than ten of the cryptocurrencies that Okcoin offers. Interest rates are affected by cryptocurrencies. There are many that give an APY of over 5%, and a few that offer over 10%.

Mobile application

For Apple and Android mobile devices, Okcoin offers well-regarded mobile apps. You may use the Okcoin mobile app for crypto trading, staking, deposits, and withdrawals because it has the same capabilities as the web platform.

Review of Fees

Trading costs in Okcoin’s tiered fee structure range from 0% to 0.20%. Your tier is determined by the exchange’s 30-day trading volume.

Choice of cryptocurrency

Okcoin offers one of the largest collections of cryptocurrencies, with over 75 of them now available as compared to other cryptocurrencies. The amazing thing about Okcoin is that its roster doesn’t contain any obvious gaps. The majority of the largest coins, including the market leader Bitcoin and the well-known altcoins, may be found here. It also provides cryptocurrencies like Tron, which many U.S. exchanges do not (TRX).