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What are OKcoin account?
With more than 16 million Bitcoins each month being traded, OKCoin is the world’s largest Bitcoin exchange in terms of volume. Star Xu, an exceptionally complex and technologically adept person, launched an exchange for cryptocurrency in 2013. It is located at Beijing, China. The OKCoin exchange is targeted mainly at Chinese and Asian users, however it is open to dealers from around all over the globe in Addition.OKCoin is an extremely stable digital money market because it utilizes cutting-edge encryption technology to safeguard its site from hackers. It also provides two-factor authentication for log-ins as well as whistles. Therefore, you can buy OKCoin accounts.
Regulations
OKCoin isn’t monitored by any credible financial regulatory agency like is the case with the other exchanges for cryptocurrency. However the market enjoys an excellent reputation with its customers and the community of cryptocurrency. Purchase Okcoin Accounts These are reputable crypto traders.
Reliability
Although OKCoin exchange isn’t supervised but that doesn’t mean it’s untrustworthy. OKCoin has been proven to be a reliable market that makes use of the most recent encryption technology as well as security protocol to safeguard its users.OKCoin for instance uses banks-level SSL encryption, Cold storage to store the majority of its own cryptocurrency. It also uses GSLB and distributed servers as well as real-time withdrawal and deposit account monitoring. So you Should Buy Okcoin Accounts.
Trading Platforms
OKCoin is one of their most secure and advanced trading platforms to trade Bitcoin as well as other cryptocurrency. The platform for trading is more online-based and is geared towards experts in the field; but, it’s accessible enough for beginners to utilize. A detailed map that can be displayed in full-screen mode is part of this stage. For a comprehensive analysis of the technical aspects every one of the tools for trading and technical indicators could be accessible. The platform and website are easy to use. Both experienced and novice traders can benefit from the platform’s intuitive nature, and also the trade possibilities for users of all levels.
OKCoin Mobile Trading
OKCoin has mobile apps available that are compatible with each of Apple as well as Android devices that is available to download. In a mobile-friendly version of the website the trading platform utilizes many of the functions that is available on the internet-based system.
Trade Types or Instruments
OKCoin is the best market for traders with experience as it has a variety of sophisticated trading strategies. Futures, currency trading, Iceberg orders, trailing stop orders and TWAPs are all readily available to traders. In fact, the OKCoin exchange might not offer as many crypto assets as other exchanges, however it can compensate with higher-level forms of trading. Bitcoin, Litecoin, Ethereum, Ethereum Classic, and additionally Bitcoin Cash are the cryptocurrency that can be traded and could exchanged against 75000 or CNY.
Types of accounts
Although All OKCoin users have exactly the same account shape the different levels of confirmation enable traders to make deposits and draw larger amounts. An explanation of these confirmation steps is given below.
Level Inch verification permits you to make deposits up to $2000 per day, but it does not allow withdrawals. Level 1 authentication requires the following.
- Name
- Nationality
- Birthdate
- Number of ID or Passport
- Address
Level 2 verification permits individuals to make deposits or draw as high as $50,000 per day while corporate accounts can withdraw and deposit up to $500,000 per day. The typical confirmations are required and in addition to the following:
- A picture of your passport a government-issued ID card
- Utility bill, or a bank statement that proves the residence
In addition, there are VIP levels that can be earned by accumulating bonus points for trading and filling out KYC details , in addition to the levels of verification. The VIP numbers determine the borrowing and leverage of trading limits as well as the total of prices paid by traders. The following table will show the levels of VIP:
- Basic User: 8,888 points
- VIP Inch VIP Inch: 88,888 points
- VIP 2 Points > 88,888
- VIP 3 288,888 points
- VIP 4 588,888 points
- VIP 5 Points: 888,888
- Gold Account Gold Account: A paid account
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Commissions and Spreads
OKCoin’s fees are not as extensive on both the Chinese or global markets. The prices for trading will be determined on the basis of the market’s monthly volumes. The prices for takers fluctuate but fall when the volume of trade increases (taker prices can range from 0.20 percent and 0.10 per cent). Futures traders pay an 0.03 percent fee on open positions.
Deposits & Withdrawals Options
Fiat and cryptocurrencies like USD or CNY can be used to deposit and withdraw funds. The withdrawal and deposit of cryptocurrency are as simple as sending money into and out of the cryptocurrency’s private wallet and also to the bitcoin exchange’s crypto wallet. Only bank transfers and cable are accepted for withdrawals using fiat and deposits to OKCoin with a fee in the amount of 0.1 percent is per transaction.
Bonus
Unfortunately, OKCoin Doesn’t Have any Promotions or incentives for trading for its users. They don’t have to draw new dealers onto their own platform because the exchange has been very efficient and dependable.
Customer Support
The customer support offered by OKCoin is outstanding, particularly for the cryptocurrency exchange. Live chat, email telephone service, ticketing are some of the options available to traders. Service representatives’ responses are courteous and professional and they typically respond within an hour.OKCoin has FAQ pages where traders can seek answers to most of their inquiries.
Pros
Extraordinaryly High Liquidity
Receives the capability to exchange on margin, as well as in the stock market.
Prices are competitive and low.
A trading platform
The withdrawals and deposits of fiat currency
Cons
- Refunds require verification.
- A limited number of cryptocurrency assets can be traded.
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FAQ
Do you think OKCoin a reliable cryptocurrency?
There is no need to be. OKCoin does not operate as a cryptocurrency exchange that is regulated by the monetary regulatory agency.
Where is the location of the OKCoin’s main office?
OKCoin is located within Beijing, China.
What is OKCoin’s revenue version?
OKCoin earns profits by charging withdrawal fees to its users.
How do I deposit funds to my OKCoin account?
OKCoin accepts cryptocurrency deposits along with bank transfer and cable deposits that are in USD as well as CNY.
How can I make money using OKCoin?
Indrawals from OKCoin can be done exactly the same way that deposits are made. This is done via bank and cable transfers for fiat currencies and also via the transfer of cryptocurrency between electronic pockets.
How do I Sign Up for one? OKCoin user account?
To create an account on OKCoin All you have to do is to add the contact details and password. In order to withdraw funds and deposit them you’ll be asked to verify your identity.
Does OKCoin a reliable cryptocurrency?
Indeed, OKCoin is trusted and is trusted by millions of users from all over the world.
Are you OKCoin an MetaTrader customer?
It’s not true, OKCoin utilizes its custom-built online trading platform.
What is the impact in the case of OKCoin?
The highest leverage of OKCoin is a range of two-three times.
Do you think OKCoin a fraud?
This isn’t true. Even though it’s not regulated, OKCoin isn’t just a fraud.
Does OKCoin a cryptocurrency that is secure?
OKCoin is a trusted cryptocurrency market since it uses modern encryption techniques to safeguard its website from hackers. The site also provides two-factor authentication to logins as well as whistles.
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conclusion
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