OKCoin vs Coinbase: Fees, Coins, Safety Comparison
Feature | OKCoin | Coinbase |
---|---|---|
Overall |
1.8 |
4.6 |
2.3 |
4.8 |
|
2.1 |
3.5 |
|
2.2 |
4.4 |
|
Investment Instruments |
1.5 |
3.7 |
Platforms and Charting Tools |
1.7 |
3.6 |
Deposit and Withdrawal |
1.6 |
4.0 |
Research |
2.1 |
4.5 |
Education |
1.7 |
4.8 |
Support |
1.6 |
4.8 |
Bonuses |
1.5 |
4.6 |
Your capital is at risk.
|
OKCoin vs Coinbase: Pros and Cons
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.
Coinbase is a popular cryptocurrency exchange, especially sought-after among novice traders. It allows you to trade all cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, BitcoinCash, and others. You will find a web version and an application for a smartphone based on iOS or Android. The crypto exchange provides services to users from 100 countries with more than 43 million active traders registered on the exchange. The total assets on the platform are equivalent to over USD 90 billion. The exchange brings to the table one-of-a-kind training programs that allow you to earn money during the learning process by improving your expertise in the crypto market. Learn what Coinbase is and how the exchange works.
OKCoin | Coinbase | |
---|---|---|
Overall Pros | the simple and intuitive interface of the trading terminal; | 2 FA authentication |
margin trading with leverage is available; | Low minimum deposit | |
all major cryptocurrencies are traded on the exchange; | Passive income with staking | |
convenient investment system with a customizable portfolio; | You can earn up to $32 in crypto while learning crypto | |
terminal charts have many built-in tools; | Solid regulation | |
negative balance prevention is in effect; | Strong liquidity | |
has three active regulatory licenses. | ||
Overall Cons | the platform is presented in two languages only — English and Chinese; | Max leverage is 1:1 |
the only fiat is the US dollar. | High trading and non-trading fees | |
Indicators not available | ||
Derivatives, NFT, ETF not available |
OKCoin vs Coinbase: Safety and Regulation
Regulated By: | OKCoin | Coinbase |
---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
Yes |
Yes |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
No |
No |
DFSA in UAE |
No |
No |
Singapore Regulated |
Yes |
No |
Australia Regulated |
No |
No |
Seychelles Regulated |
No |
No |
Other countries |
Netherlands |
OKCoin vs Coinbase: Trading Conditions
Trading Conditions | OKCoin | Coinbase |
---|---|---|
Minimum deposit, USD or USDT |
1 |
10 |
Futures leverage |
Not allowed |
10 |
Spot leverage |
3 |
3 |
Supported Coins |
5 |
249 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
0 |
1 |
OKCoin vs Coinbase: Fees
Fee | OKCoin | Coinbase |
---|---|---|
Spot Taker fee |
0,2 |
0,5 |
Spot Maker fee |
0,1 |
0,5 |
Futures Taker fee |
Not supported |
0,02 |
Futures Maker fee |
Not supported |
0,04 |
Deposit fee |
No |
No |
Withdrawal fee |
0,000001 BTC 0,005 ETH |
Fixed fee - 25 USD PayPal - 1,5% USDC - 10 USD |
P2P taker fee |
0,02 - 0,20 |
0.05 - 0.60 |
P2P fee rate, maker fee |
0 - 0,1 |
0 - 0.40 |
OKCoin vs Coinbase: Trading Assets
Asset Name | OKCoin | Coinbase |
---|---|---|
Coins Supported |
5 |
249 |
P2P |
Yes |
Yes |
Perpetual contracts |
No |
Yes |
NFT |
No |
Yes |
Crypto Options |
No |
No |
Futures |
No |
Yes |
OKCoin or Coinbase: Investment Programs
Asset Name | OKCoin | Coinbase |
---|---|---|
Staking |
No |
Yes |
Copy trading |
No |
No |
Yield farming |
No |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: Coinbase or OKCoin
OKCoin | Coinbase | |
---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Your capital is at risk.
|
Trading Platforms Features: Coinbase or OKCoin
OKCoin | Coinbase | |
---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
Yes |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Coinbase or OKCoin
OKCoin | Coinbase | |
---|---|---|
Indicators |
Yes |
No |
Drawing tools |
Yes |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Coinbase or OKCoin
OKCoin | Coinbase | |
---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Coinbase or OKCoin
OKCoin | Coinbase | |
---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
OKCoin vs Coinbase: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | OKCoin | Coinbase |
---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes (Only Deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
OKCoin vs Coinbase: Research
Research Type | OKCoin | Coinbase |
---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
OKCoin vs Coinbase: Education
Education Type | OKCoin | Coinbase |
---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
No |
Coinbase vs OKCoin: Support
Support Features | OKCoin | Coinbase |
---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
OKCoin vs Coinbase: Crypto Bonuses and Promo
Promo | OKCoin | Coinbase |
---|---|---|
Crypto Bonus |
No |
You can earn crypto learning crypto |
Affiliate Program |
After your affiliate makes trades for a total volume of at least $100, both of you will receive a one-time payment of $10. |
You get $10 when your invitee completes a buy or sell of $100 USD. |
Your capital is at risk.
|
Top 5 Reviews on Coinbase
-
Comment
I recommend the cold wallet Wallet Coinbase – this way you can reduce the risk of your account being blocked (which can happen for any reason, including the investigation of the coins' origin). The wallet is very convenient. It supports most of the top cryptocurrencies, all Ethereum-compatible networks, allows you to work with DeFi liquidity pools and DEX exchanges, and to create, manage, and configure NFTs. Deposits and withdrawals are done in just a few clicks.
-
Comment
I’m a freelancer and get paid in cryptocurrency. And I want to highlight the convenience of working with Coinbase in this regard. The exchange issues its own Visa card, which I use to pay in many stores, both with cash and cryptocurrency. The fee is from the payment system. And another plus: selling cryptocurrency can be considered income, for which I would have to pay taxes. However, if I pay with the Visa/Coinbase card using USD or USDC (the exchange's stablecoin), no tax obligation arises.
-
Comment
Maybe my review will seem ordinary. But this is just my experience. After missing out on several successful listings like NOT and Dogs, I caught FOMO and wanted to take a risk with literally a couple of hundred dollars. I was choosing between several exchanges. In the end, I logged into Binance, Coinbase, MEX, and Bybit. In terms of account management comfort, I liked Coinbase the most. It’s an intuitive platform with a minimum of necessary tools. In terms of functionality and trust – Bybit, because it faces less regulatory pressure. As a result, I transferred 80% of my cryptocurrency to my Coinbase wallet and increased the deposit.
-
Comment
Nowadays, you can compare all other exchanges to Binance and Bybit. In my opinion, they are too "fancy," overloaded with different features, confusing products, and tools that take hours to figure out, and then one careless click – and you're at a loss. Maybe some people find it interesting to dig into all this, but I prefer the simpler and more reliable Coinbase. The liquidity level for trading top coins here is on par with Binance. There’s no P2P, but there are many withdrawal payment methods. There are basic tools: coins with potential growth (new ones) for staking, passive earnings with USDC, etc. In my opinion, Coinbase is the golden mean between useful functionality and reliability.
-
Comment
The platform's fees are notably high compared to other exchanges, eating into profits and making trading less attractive. Additionally, Coinbase's customer support can be slow and unresponsive. Overall, while Coinbase may be popular, its high fees, sluggish customer support, and limited coin offerings make it less than ideal for many traders.
Top 5 Reviews on OKCoin
-
Comment
OKCoin operates without proper oversight or regulation. Approach dealings with OKCoin cautiously, and consider alternative exchanges with clearer governance structures and more reliable reputations.
-
Comment
Money is not withdrawn. I can't get $600 from there for more than 3 weeks. Technical support is impudently silent, earlier they even wrote that there was a problem with the withdrawal of money.
-
Comment
scammers. be careful. never when above funds will be given to you so easily if you suddenly want to leave the company.
-
Comment
I use the OKCoin crypto exchange when I need to buy crypto for fiat at a profit. And then only if you need to buy small amounts of BTC, ETH, or LTC. The rates here are good, and you can withdraw without a commission. For serious trading, the OKCoin exchange, I think, is not suitable. Trading volumes are not that large now, and the daily trading volume is much less than that of its competitors. Therefore, even the commission cannot be reduced. I did not notice any problems with the conclusion, so there is no need to talk about scams. In general, OKCoin is rather weak in its capabilities. This is probably best used as a secondary/backup crypto-exchange.
-
Comment
I don't really like Chinese exchanges, because they are mainly focused on Asian residents. But OKCoin works with fiat currencies such as the euro and the US dollar. And you can replenish the deposit or withdraw funds through banks. This is a very big plus for trading with OKCoin. That is why I opened an account here, and for almost a year now I have been making a profit from crypto trading. The listing here is rather narrow, sometimes new coins are added. So they recently added STX, plus you could take part in the drawing of a prize in the form of $10,000 to your account. I didn't win, but the opportunity is interesting. OKCoin is a good crypto exchange, you can interact with it.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.