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Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Ascendex | FEATURES | Okcoin |
|---|---|---|
|
The minimum trade amount is reasonable, accommodating both small and larger investors. |
Minimum Trade |
Okcoin allows for relatively low minimum trade volumes, making it accessible for beginners without requiring large initial investments. |
|
Fees are competitive but could be improved to match or undercut major competitors. |
Trading and Transaction Fees |
Okcoin’s fees are competitive within the industry, but they are not the lowest available, which could be improved to attract more users. |
|
Offers a decent variety of cryptocurrencies, though not as extensive as larger global exchanges. |
Number of Cryptocurrencies |
While Okcoin supports all major cryptocurrencies, its selection of altcoins is somewhat limited compared to larger exchanges. |
|
Limited to more common pairs, lacking the extensive options found on larger platforms. |
Crypto-to-Crypto Trading Pairs |
The platform offers a decent range of crypto-to-crypto trading pairs, though it lacks the variety seen in more comprehensive exchanges. |
|
The website provides clear and straightforward information on fees, policies, and trading options. |
Website Transparency |
Okcoin provides clear information on fees and security practices, though details on corporate governance could be more comprehensive. |
|
Altcoin Trader lacks a branded exchange card, limiting the versatility of funds access and usage beyond the digital platform. |
Credit/Debit Card |
While Okcoin provides a range of services to facilitate cryptocurrency trading and management, the absence of an exchange card means users may miss out on the convenience and benefits that such cards typically offer, like easy conversion of cryptocurrencies to fiat for everyday transactions. |
|
Provides secure cold storage options, ensuring a high level of security for stored assets. |
Storage Offering |
The exchange offers secure storage options with a majority of assets kept in cold storage, enhancing security for user funds. |
|
Limited options for staking and rewards, not as competitive as other exchanges offering these services. |
Staking and Rewards |
Currently, Okcoin has limited options for staking and rewards, which is an area ripe for development to enhance user returns. |
|
Offers functional mobile and desktop platforms, though they lack some advanced features. |
Mobile App and Desktop |
Okcoin provides robust mobile and desktop platforms that are intuitive and user-friendly, suitable for traders of all experience levels. |
|
Responsive and helpful customer service, providing support through multiple channels. |
Customer Service |
Customer service is available, but response times can vary. Improving responsiveness and support hours could boost user satisfaction. |
|
Efficient processes for deposits and withdrawals, though mainly catering to local (South African) users. |
Deposit and Withdraw |
Deposits and withdrawals are handled efficiently on Okcoin, with support for multiple payment methods, though some users seek faster processing times. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
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Neither Threenvest, nor the author, are recommending you to invest with this article.
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Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S