1. Introduction
OKcoin is a centralized cryptocurrency exchange founded in 2013 and headquartered in Beijing. It serves as the predecessor to OKX (formerly OKEx). After China’s 2017 ban on crypto businesses, OKcoin shifted focus internationally, supporting USD/EUR deposits while launching OKX. Both platforms remain operational, with OKcoin handling ~$20M daily trading volume (ranked ~40th globally).
Services Offered by OKcoin:
- Spot Trading: Supports fiat/crypto and crypto/crypto pairs (e.g., BTC/USD, ETH/USD).
- Credit/Debit Card Purchases: 3.99% fee with recurring buy options.
- Earn Interest: Stake stablecoins (USDT, USDC, DAI) and assets like DOT via DeFi platforms (e.g., Compound, Yearn Finance).
2. Security
OKcoin has no hacking history and employs standard safeguards:
- Google 2FA
- Multi-signature transactions
- SSL encryption
- 95% cold storage
Rated A (14th/162 exchanges) in CryptoCompare’s 2021 security audit.
Pro Tips:
- Always verify the domain URL (e.g., avoid phishing sites like "hu0bi.com").
- Enable Google 2FA and use unique passwords.
3. Account Registration
- Sign up via email/phone.
- Complete basic KYC (no documents required for trading; Level 2 verification needed for fiat withdrawals).
- Enable Google 2FA in Security Settings.
4. Deposits
- Fiat: Bank transfer or EPay.
- Crypto: Generate wallet addresses for supported tokens.
5. Trading Fees
Spot Trading:
- Maker: 0.1%
- Taker: 0.2%
- Discounts for high-volume traders.
👉 Compare OKcoin’s fees with other top exchanges
6. Withdrawals
- Fiat: Requires Level 2 verification (passport).
- Crypto: Enter wallet address + 2FA confirmation.
7. Withdrawal Fees
Varies by cryptocurrency. Check OKcoin’s official page for updated rates.
FAQ
Is OKcoin safe for beginners?
Yes, its intuitive interface and basic KYC make it beginner-friendly.
What’s the cheapest way to buy crypto on OKcoin?
Bank transfers (0.1% fee) beat credit cards (3.99%).
Can I earn passive income?
Yes, via staking stablecoins and select assets.
How does OKcoin compare to OKX?
OKX offers derivatives/margin trading; OKcoin focuses on spot markets.
👉 Explore OKcoin’s advanced features
Disclaimer: Fees and features are subject to change. Always verify details on OKcoin’s official site.