OKCoin vs OKEx: Fees, Coins, Safety Comparison
| Feature | OKCoin | OKEx |
|---|---|---|
Overall |
1.8 |
4.5 |
2.3 |
4.4 |
|
2.1 |
5.0 |
|
2.2 |
4.6 |
|
Investment Instruments |
1.5 |
5.0 |
Platforms and Charting Tools |
1.7 |
4.2 |
Deposit and Withdrawal |
1.6 |
4.1 |
Research |
2.1 |
3.9 |
Education |
1.7 |
4.7 |
Support |
1.6 |
4.1 |
Bonuses |
1.5 |
4.2 |
|
Your capital is at risk.
|
OKCoin vs OKEx: 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.
The OKEx crypto exchange is a platform for exchanging and trading cryptocurrencies, that offers over 400 trading pairs, including pairs with fiat funds. Bitcoin, Litecoin, Ethereum, Cardano, as well as other cryptocurrencies and tokens are traded on the platform. Funds can be deposited from debit cards (Visa, MC), bank accounts, cryptocurrency, and e-wallets. There are spot and margin trading, futures, perpetual swaps, options, and DEX. Four investment solutions with flexible periods are presented.
| OKCoin | OKEx | |
|---|---|---|
| Overall Pros | the simple and intuitive interface of the trading terminal; | Low trading fees |
| margin trading with leverage is available; | 350+ supported coins | |
| all major cryptocurrencies are traded on the exchange; | spot and margin trading, futures and other options; | |
| convenient investment system with a customizable portfolio; | Crypto academy | |
| terminal charts have many built-in tools; | universal cryptocurrency wallet and mining pool; | |
| negative balance prevention is in effect; | training academy with detailed courses and guides; | |
| has three active regulatory licenses. | low commissions that are additionally reduced with an increase in trading volume. | |
| Overall Cons | the platform is presented in two languages only — English and Chinese; | Limited access in the US |
| the only fiat is the US dollar. |
OKCoin vs OKEx: Safety and Regulation
| Regulated By: | OKCoin | OKEx |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Financial Crimes Enforcement Network (FinCEN), FINTRAC, MFSA |
Regulated in 3 States in the USA |
OKCoin vs OKEx: Trading Conditions
| Trading Conditions | OKCoin | OKEx |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
OKCoin |
OKEx |
Max Leverage (Futures) |
44621 |
1-100 |
Number of Markets |
114+ |
362 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, USD |
USD, EUR, GBP and 30+ fiat currencies, crypto |
OKCoin vs OKEx: Fees
Trading Fees
| Fee | OKCoin | OKEx |
|---|---|---|
Max Maker |
0.09% |
0.08% |
Max Taker |
0.20% |
0.1% |
Min Maker |
0 |
0.06% |
Min Taker |
0.02% |
0.08% |
Debit/Credit Card Purchase Fee |
3.99% |
0 |
Futures Trading fees
| Fee | OKCoin | OKEx |
|---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.05% |
Min Maker |
Not supported |
0.015% |
Min Taker |
Not supported |
0.03% |
Non-Trading Fees
| Fee | OKCoin | OKEx |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
TrustPay: SEPA €0.20 + 0.3%; Credit and debit cards (Visa & Mastercard) 3,99%, |
No |
Bank Transfer Withdrawal Fee |
TrustPay: SEPA €1.5, Finductive: SEPA €8.5, Royal Business Bank - international wire $35, |
Not Allowed |
Debit/Credit Card Withdrawal Fee |
Not supported |
Only payment system fee |
BTC Withdrawal Fee |
No |
0.0005 BTC |
Inactivity Fee |
No |
No |
OKCoin vs OKEx: Trading Assets
| Asset Name | OKCoin | OKEx |
|---|---|---|
Overall |
114+ |
362+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
No |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
No |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
No |
OKCoin or OKEx: Investment Programs
| Asset Name | OKCoin | OKEx |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
Yes |
MAM/PAMM |
No |
No |
Other |
Interest income |
P2P loans |
Trading Platforms: OKEx or OKCoin
| OKCoin | OKEx | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: OKEx or OKCoin
| OKCoin | OKEx | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: OKEx or OKCoin
| OKCoin | OKEx | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: OKEx or OKCoin
| OKCoin | OKEx | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: OKEx or OKCoin
| OKCoin | OKEx | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
No |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
OKCoin vs OKEx: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | OKCoin | OKEx |
|---|---|---|
Bank Transfer |
No |
No |
Credit/Debit Card |
Yes (Only Deposit) |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
OKCoin vs OKEx: Research
| Research Type | OKCoin | OKEx |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
OKCoin vs OKEx: Education
| Education Type | OKCoin | OKEx |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
OKEx vs OKCoin: Support
| Support Features | OKCoin | OKEx |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
No |
No |
OKCoin vs OKEx: Crypto Bonuses and Promo
| Promo | OKCoin | OKEx |
|---|---|---|
Crypto Bonus |
No |
100 satoshi for Make a demo trade,Subscribe to an Earn product, Trade any amounts of crypto, Refferal welcome bonus up to $100 |
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. |
Up to $500 |
|
Your capital is at risk.
|
Top 5 Reviews on OKEx
-
Comment
Signed up for a live account on OKX recently, and the fee structure is a little confusing. There are maker/taker fees, VIP tiers with different rates... my head started spinning. Took me some digging to understand exactly how much I'd be paying for each trade. Maybe they could explain it all a bit simpler, especially for beginners who are new to the whole crypto trading thing.
-
Comment
Been playing around with OKX for a while now, mostly on their demo account. Great for getting the hang of the platform and trying out different trading strategies without risking real money. But the demo seems a bit limited. For example, it doesn't have all the features available on the live account, like margin trading. Wish you could test out everything before jumping in with real cash. Kind of feels like training wheels you gotta eventually take off.
-
Comment
OKX’s platform itself is pretty intuitive, which is nice. I like how you can easily exchange between different cryptocurrencies with zero fees. Plus, the earn rates for locking your crypto for a fixed time are quite attractive. However, one thing that really bugs me is the withdrawal process. It's just too complicated for my liking. And another downside is that my country's fiat currency isn't listed, which makes things a bit inconvenient. Also, I noticed that some coins I wanted to trade weren't showing up in the search results, even though they're listed on Coinmarketcap. It's a bit confusing, to be honest. Overall, OKX has its pros and cons, but it's been okay for my crypto needs.
-
Comment
This is the first cryptocurrency platform I got acquainted with when I started learning about crypto. OKX exchange has been operating for several years and has its popularity among crypto investors. I can't understand why there are so many negative reviews. I've been working with the exchange for almost two years, consistently withdrawing cryptocurrency. Of course, there aren't so many diverse services here, but it's enough for me.
-
Comment
There are a lot of negative reviews about the OKX exchange. Many of the positive reviews are written to deceive users. It's a proven fact that the exchange may not pay out funds. Additionally, OKX may block user accounts for unfounded reasons. Therefore, I believe it's better not to take risks and not to open trading accounts here, let alone transfer money.
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.