Learn more about TU’s methodology
- $1
- Proprietary platform
- Proprietary trading terminal with extended functionality on the charts, from fiat only US dollar, high level of protection of user data, insurance fund
Our Evaluation of OKCoin
Learn more about TU’s methodology
OKCoin is a moderate-risk cryptocurrency exchange with the TU Overall Score of 5.76 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by OKCoin clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
The OKCoin crypto exchange offers simple and convenient functionality for buying and selling cryptocurrencies. There are many crypto-to-crypto and crypto-to-fiat pairs based on the US dollar. An individually customizable investment portfolio in combination with a profitable referral program allows you to receive significant passive income. Commissions are below average for the segment. The high level of security of the platform is noted, and both the hot and cold methods of storing cryptocurrencies are used here.
How we tested OKCoin
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at OKCoin
The OKCoin exchange is a cryptocurrency trading platform with extensive investment opportunities. You can trade Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), TRON, and dozens of other cryptocurrencies. Of the fiats, only the US dollar is represented. The investment system is a regularly updated list of deposits in affiliate projects with interests of up to 14%. The user forms his own investment portfolio. The exchange has its own trading platforms in two versions — web and mobile. Leverage of 1:3 is available for margin trading. There are several options for depositing and withdrawing funds, including bank cards and accounts. The crypto exchange is characterized by high-level security for users’ data protection. An extensive and extended verification is required.
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- the simple and intuitive interface of the trading terminal;
- margin trading with leverage is available;
- all major cryptocurrencies are traded on the exchange;
- convenient investment system with a customizable portfolio;
- terminal charts have many built-in tools;
- negative balance prevention is in effect;
- security is provided by SSL and AES encryption;
- has three active regulatory licenses.
- the platform is presented in two languages only — English and Chinese;
- the only fiat is the US dollar.
TU Expert Verdict
Chief Analytics Officer
OKCoin is a cryptocurrency exchange that provides access to trading Bitcoin, Ethereum, Litecoin, Tether, TRON, and other major cryptocurrencies, with both crypto-to-crypto and crypto-to-USD pairs. The platform offers a proprietary web and mobile trading terminal featuring advanced charting tools, TradingView integration, and customizable portfolios. Regulated by authorities in the U.S., Netherlands, and Canada, OKCoin features a minimum deposit of $1, leverage up to 1:3 for margin trades, and spot fees below the industry average. Security is robust, with two-factor authentication, insurance funds, and both hot and cold storage of assets.
Drawbacks include the limited selection of cryptocurrencies, with only five coins supported, and the restriction of fiat deposits and trading to USD. There is no desktop application, and the platform lacks educational content, which may not meet the needs of traders seeking broader asset coverage or learning resources. OKCoin is suitable for those focused on major coins, requiring strong regulatory oversight and responsive support, but may not be ideal for users prioritizing asset diversity or advanced educational tools.
OKCoin Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, USD |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | US$1 |
| ⚖️ Leverage: | 1:3 |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0.1%-0.2% |
| 🔧 Instruments: | 5 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | No data |
| ⭐ Trading features: | Proprietary trading terminal with extended functionality on the charts, from fiat only US dollar, high level of protection of user data, insurance fund |
| 🎁 Contests and bonuses: | Traders Union’s rebates service |
The OKCoin crypto exchange has set a minimum deposit of just $1, which is convenient for novice traders. Moreover, if you deposit funds in cryptocurrency, then there is no minimum deposit. You may deposit any amount of cryptocurrency from your other wallets. For margin trading, a leverage of up to 1: 3 is set, which allows you to increase the potential profit from trades, but at the same time increases the risks. Contact the technical support service - by phone and e-mail. The main trading conditions are presented in the table below:
OKCoin Key Parameters Evaluation
Video Review of OKCoin
Regulation and Safety
OKCoin has earned a rating of 10/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- 2FA
- No successful hacks history
- Cold wallet storage
- Investor protection fund
- U.S-regulated
- Tier-1 regulation
- No facial recognition
OKCoin Security Factors
We also compared OKCoin against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| OKCoin | Kraken | Coinbase | |
| Tier-1 regulation | Yes | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | Yes | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is OKCoin a regulated crypto exchange?
OKCoin is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
OKCoin is authorized or licensed in accordance with local regulations in the following regions: Netherlands.
Is verification (KYC) mandatory at OKCoin?
Yes, KYC verification is mandatory at OKCoin. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is OKCoin available in the USA?
Yes, OKCoin is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
OKCoin commissions and fees
OKCoin received a 7.1/10 score for its trading fees. While OKCoin is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are OKCoin trading fees?
We analyzed OKCoin’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
OKCoin trading fees vs competitors
| OKCoin | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.1 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.2 | 0.22 | 0.2 | 0.194 |
What are OKCoin deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.000001 BTC 0.005 ETH |
Does OKCoin offer P2P trading?
Yes, OKCoin offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.OKCoin P2P Fees
Deposit and Withdrawal
OKCoin received a 9/10 rating for its deposit and withdrawal services. OKCoin supports a wide range of payment methods with low or no fees, ensuring fast and convenient transactions.
- Bank cards accepted for instant deposits
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- Google Pay supported
- No PayPal option
- Withdrawal fee applies
Deposit and withdrawal options
OKCoin supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, Advcash Wallet, Google Pay, Apple Pay.
OKCoin Deposit and withdrawal options vs competitors
| OKCoin | Kraken | Coinbase | |
| Bank transfers | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is OKCoin minimum deposit?
The minimum deposit at OKCoin is 1 USD/USDT or 1 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
OKCoin minimum deposit vs competitors
| OKCoin | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 1 |
| Minimum trade amount, USD/USDT | 1 | 1 | 2 |
Does OKCoin support fiat money?
OKCoin supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
OKCoin received a score of 2/10 in this category, indicating a modest offering of assets and markets. While OKCoin covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Copy trading not available
- Crypto futures not available
OKCoin supported coins and markets vs competitors
We compared OKCoin with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| OKCoin | Kraken | Coinbase | |
| Supported coins | 5 | 278 | 249 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | No | No |
| NFTs | No | Yes | Yes |
OKCoin passive income options vs competitors
We also compared OKCoin with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
OKCoin received a score of 6.9/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Mobile indicators allowed
- Advanced charting with TradingView support
- Positive user feedback on the iOS app
- Advanced tools and automation with API
- No trading bots for traders
- No access to Copy Trading
- No standalone desktop access
Trading apps
OKCoin provides web and mobile apps for both Android and iOS users, with an average rating of 4.7 on the App Store and 2.8 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the OKCoin platform is for mobile use.
| OKCoin | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | No | Yes | Yes |
| Advanced Orders | Yes | Yes | Yes |
| Trading with bots | No | No | No |
| API | Yes | Yes | Yes |
| Extra trading platforms | No | No | No |
Does OKCoin offer a desktop app?
No, OKCoin does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does OKCoin offer advanced charting with TradingView integration?
Yes, OKCoin offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | 388 Market Street, Suite 1300, San Francisco, CA 94111 |
| Official site | https://www.okcoin.com/ |
| Contacts |
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