Mass exodus at OKCoin, something is brewing : BitcoinMarkets

As for margin trading, the maximum leverage is 10x, and it will help you gain better exposure to the market and explore more trading options to easily better trades. Lastly, spot trading is where you will get access to the most trading pairs, and you can simply place your orders to get started. 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 assets available to lend are MIA, STX, USDT, USDC, DAI, UNI, SNX, and YFI. These rates are also flexible and sometimes pay interest in different assets than what is being lent. For example, you will earn STX for lending MIA and earn BTC for lending STX, so be sure to double-check what you are earning before you commit to lending. Mubashar Nawaz is an experienced crypto writer working for Tokenhell.

📵 What deposit and withdrawal methods OKCoin supports?

However, the broker is regulated by the EEA which does not provide as strong protection to traders as 1st tier regulatory bodies . Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with OKCoin. In accordance with our research, OKCoin is a broker licensed and regulated by the EEA. In order to be sure that OKCoin is not a scam, read our trader reviews and check other popular trading related websites and forums. Between 74-89% of retail investor accounts lose money when trading CFDs.

• It was speculated that many Chinese professional companies would opt for overseas exchanges.
• It also has a detailed help center and categorizes different types of cryptocurrency on its trading platform.
• And some customers have trouble getting past the meagre choices when it comes to coin offerings and the languages you can access the platform in.
• As for the slipping fingers, we ask all of our users to confirm the details before they make a purchase/trade, so you may be having a personal account issue.

Okcoin has 46 tradable markets and supports a little over 30 actual crypto assets if you exclude stablecoins and repeats like the ETH/BTC pair. Most of the trading pairs are with USD, and only a few assets are tradable with stablecoins . 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 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.

Employees also rated Okcoin 2.6 out of 5 for work life balance, 3.0 for culture and values and 3.1 for career opportunities. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.

I then submitted various forms, photos, videos etc. to validate, to which I never heard back. Finally, I was validated to level L2 – but my account still says “Withdrawal suspended. OKCoin holds 105 percent of the user funds in cold storage and has a hot wallet which always provides enough liquidity. In the case of a hot wallet breach, there is no doubt that the trading platform would easily absorb the hit. Trading fees are based on a sliding scale like many others, and it refers to the monthly volume.

OKCoin Review – Is it a Scam or Legit Broker (

Get started with your Free Employer Profile to respond to reviews, see who is viewing your profile, and share your brand story with top talent. In my search for a broker with decent rates and trailing stops I found Okcoin and FTX.US. After trying them both I elected to us Okcoin due to its ease of use, low https://forex-reviews.org/ commissions, trailing stops, and excellent interest rates on crypto dollars put into their “earn” program. As I gained experience with Crypto I tried most of the big name brokers including Coinbase, Gemini, and others. They also will make fun of you throu chat support, insinuating to give up on your money.

Talking about data security, OKCoin is an experienced exchange that has been working since 2014. The experience of more than six years has made the exchange realize that in this modern times, encryption is very important. That is why OKCoin is offering SSL encryption for all of the transactions that you do to ensure the safety of your investment and coins. At the time of registration, you are asked about many details like phone number, address, bank account details, and many more, but you don’t have to worry about its security. OKCoin has encrypted all your data with AES encryption technology, and all your files are end-to-end encrypted as well.

Okcoin Review

But the way it is distributed is by verification levels. That is what defines the sort of privileges and benefits customers get. These verification levels are essentially differentiated by the method through which you verify your account or identity. Secondly, it varies according to the amount a user qualifies to deposit or withdraw.

One of these is a 10 business day holding period before newly deposited fiat or purchased crypto become available for withdrawal. The more you use the platform, the shorter the holding period usually becomes. That being said, we definitely want to provide you with answers for your questions and can be reached directly on Twitter @okcoinhelpdesk for expedited support. We never remove assets from our user’s profiles without specific reason. One reason could be that you purchased the MIA with the precredited funds we provide while the deposit from your bank processes and the deposit ultimately failed. This would result in any assets you purchased to be returned to us.

After 24 hours, authorities released Xu after he cooperated in the investigation of his accusers’ accusations. The charges came on the heels of a group of investors who claimed they’d incurred major losses due to a system crash on the platform. They claimed that Xu’s other crypto exchange, OKEx, had orchestrated the crash.

To withdraw more than 2 Bitcoins, complete level 2 by uploading images of address proof and passport. To withdraw more than 50 Bitcoins, contact business support. Insert the correct personal details since no changes can be made once the verification is complete.

Supported Payment Methods

Feel free to send us a message on Twitter @okcoinhelpdesk and we’d be happy to double check your account if that doesn’t seem to be the problem. Okcoin is a globally licensed crypto exchange platform serving 190+ countries. They have 100+ employees with offices in San Francisco, Miami, Hong Kong, Singapore, and Japan. Okcoin supports crypto purchases with credit cards, offers spot and margin trading, and provides earning opportunities through staking and DeFi lending. Okcoin also allows users to enable recurring payments to easily dollar-cost-average into their investments automatically.

If you could please send us a message on Twitter @okcoinhelpdesk, we can provide you with expedited support via our escalations team. For deposits and withdraws of fiat and digital currencies, only bank transfer and crypto wallets are available. That means you can’t add or withdraw funds through e-commerce services or bank cards. I have been using it for some time now, and today I was really impressed that it supports Polygon and Avalanche network.

Double Maker Rewards (roughly Sept – Dec 2104) – during this period, if you are a maker on an order, you get double rebates on your fees. Now, this is NOT automatically credited to you account, as they said they would. You have to CALL them and COMPLAIN, only then they credit your account. If you want to check out some other options before you sign up to Okcoin, you can have a look at this article on thebest crypto exchanges. I have also included a comparison table below so you can make a quick judgement based on key facts. Okcoin has around 60 cryptocurrencies listed on their platform.

If you’re in the market for a new crypto exchange, you may have come across Okcoin. This crypto exchange platform is globally licensed and serves over okcoin review 190 countries. Okcoin offers crypto purchases with credit cards, spot trading, and margin trading as well as staking and DeFi lending opportunities.

Sure there are goliaths in the wallet world but we haven’t really seen any chinese focused ones. You got to give him some credit as catering towards the chinese population with a Bitcoin wallet will be quite profitable. They’ve been around for a long time and look pretty solid. I stack heavy bags of Sats using Okcoin and I can say without a doubt they are not a scam. Their fees and the price quoted are in a totally different league than any of their competitors. If you are a crypto coin person, okcoin is not an exchange for you.

This exchange offers two different trading interfaces. The default buy/sell tool is straightforward and perfect for beginners who want to trade crypto without getting overwhelmed. The advanced platform gives you more charting tools, which are helpful for more experienced investors. Withdrawals of funds from OKCoin can be made the same way as deposits, through bank and wire transfers for fiat money, and through cryptocurrency transfers between digital wallets.

Maker fees are set to zero, while taker fees drop as the trading volume increases. The Okcoin team helped me in a very professional way when some cryptofunds got stuck during a deposit transfer. Other than that, I think Okcoin has a good exposure to STX earnings.

If you are looking for guidance, protection, or nurturance in your career, look elsewhere. Your health will suffer from the flames and the smoke, no matter how close to the center you are. Over the last 6 months, the attrition rate is 63.16% on the Okcoin product team, mostly the PMs leaving. Now that the PMs are gone, the stress is leaking into the Design team. And when a roadmap is decided such as “merge a company”, they aren’t transparent about it. You start to hear whispers and find out through other people.