Comparison of Htx vs Okcoin [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Htx vs Okcoin comparison!

Your expert: Alejandro Borja

Htx

Investing risks losing your money

Your expert: Xavier Tarrasó

Okcoin

Investing risks losing your money

Main points

Fees

≤0,20%

Earns

Customer service

2/5

≈ 0,10%/0,20%

Fees

Earns

4/5

Customer service

Recommended for

Beginners

Trading

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.1 – Competitive fees with additional rewards for using the native token.

4.2 – Low fees with additional benefits for high-volume traders.

Level

≤0,20%

≈ 0,10%/0,20%

Brief explanation

HTX employs a tiered fee structure, with trading fees decreasing as users trade more or hold more HTX Tokens (HT). The base trading fee for users with less than 10 HT is 0.20% per trade. However, by holding HT, users can receive significant discounts on these fees, reducing them to as low as 0.07% for high-volume traders. Additionally, HTX offers competitive fees for deposits and withdrawals, depending on the method and currency used. Crypto deposits are generally free, while fiat deposits and withdrawals can incur minimal fees. HTX’s fee structure is designed to be transparent and user-friendly, ensuring that traders can focus on their trading strategies without worrying about hidden costs .

Okcoin’s commission structure is designed to be competitive within the cryptocurrency exchange market, balancing affordability with the provision of quality services. The exchange operates with a tiered fee system where trading fees vary based on the user’s trading volume, incentivizing more active traders with lower fees. Transaction fees for buying and selling cryptocurrencies are generally in line with industry averages, though not the lowest available. While deposits are typically free, withdrawals incur a fee that varies depending on the currency being withdrawn and the method used, which ensures operational efficiency and security in fund transfers. This approach to commissions allows Okcoin to maintain a balance between accessibility for new traders and cost-effectiveness for high-volume traders.

Htx

1. Security Measures HTX takes security seriously with features such as cold storage, two-factor authentication (2FA), and SSL encryption. These measures ensure user funds and data are well-protected, reducing the risk of unauthorized access and cyber threats.
2. High Liquidity HTX ranks among the top cryptocurrency exchanges globally, offering deep liquidity for popular trading pairs. This high trading volume ensures efficient order execution and minimizes slippage, making it a reliable platform for large and small traders alike.
3. Transparent Fee Structure HTX maintains a competitive and transparent fee structure, catering to a wide range of traders. The clear breakdown of deposit, trading, and withdrawal fees helps users understand and manage their trading costs effectively.
4. Regulatory Compliance While HTX operates in an essentially unregulated environment, it adheres to strict compliance protocols in regions like Hong Kong and Nevada. This regulatory oversight provides an additional layer of trust for users concerned about the legal standing of their trading platform.
5. Positive Reputation and Reviews HTX has built a strong reputation over the years, supported by generally positive reviews from its extensive user base. The platform's longevity and consistent service quality contribute to its credibility in the competitive crypto exchange market.

Read htx review

Okcoin

Year Founded: Okcoin was established in 2013, demonstrating a long-standing presence in the cryptocurrency exchange market which underpins its reliability and experience.
Security Methods: Okcoin prioritizes user security with robust measures including SSL encryption, cold storage of assets, and two-factor authentication, ensuring a secure trading environment.
Possible Regulation: The platform adheres to regulatory standards in multiple jurisdictions, including the United States, which provides a framework of compliance and operational integrity.
Reputation and Reviews: Okcoin enjoys a solid reputation in the crypto community, underscored by generally positive reviews from users praising its user-friendly interface and reliable service.
Trading Volume and Liquidity: Okcoin offers substantial liquidity and trading volume, which ensures that users can execute trades efficiently and at the true market price, minimizing slippage and providing better trade executions.

Comparison sponsored by the best exchange

eToro

eToro Special Offer*

Earn up to 4.90% APY on uninvested cash with eToro USA.

Account Minimum

Get started with just $50.

And 1% fee on all cryptocurrency trades.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Full name

Unknown

OKCoin USA Inc.

Regulation

Not regulated

Regulated in the EE. UU.

Year founded

Unknown

2013

Founder

Unknown

Star Xu

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Htx	FEATURES	Okcoin
The minimum trade amount is user-friendly, accommodating small-scale traders.	Minimum Trade	Okcoin allows for relatively low minimum trade volumes, making it accessible for beginners without requiring large initial investments.
HTX has competitive fees, with discounts available for HT holders, though some markets have higher fees.	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.
Supports over 700 cryptocurrencies, making it one of the most comprehensive exchanges.	Number of Cryptocurrencies	While Okcoin supports all major cryptocurrencies, its selection of altcoins is somewhat limited compared to larger exchanges.
Offers more than 230 trading pairs, providing extensive trading options.	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.
Generally transparent, though some users report difficulty finding specific fee details.	Website Transparency	Okcoin provides clear information on fees and security practices, though details on corporate governance could be more comprehensive.
HTX does not currently offer its own exchange card for customers to use for in-store purchases and receive benefits.	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.
Utilizes cold storage for the majority of funds, ensuring high security.	Storage Offering	The exchange offers secure storage options with a majority of assets kept in cold storage, enhancing security for user funds.
Offers staking on multiple assets with competitive APYs, though availability can be limited.	Staking and Rewards	Currently, Okcoin has limited options for staking and rewards, which is an area ripe for development to enhance user returns.
High-rated mobile app with robust features; desktop app available and efficient.	Mobile App and Desktop	Okcoin provides robust mobile and desktop platforms that are intuitive and user-friendly, suitable for traders of all experience levels.
Provides multiple support channels, but response quality can be inconsistent.	Customer Service	Customer service is available, but response times can vary. Improving responsiveness and support hours could boost user satisfaction.
Supports various methods, but fiat withdrawals are limited; some users find the withdrawal process complex.	Deposit and Withdraw	Deposits and withdrawals are handled efficiently on Okcoin, with support for multiple payment methods, though some users seek faster processing times.

Key features

Analysis tools

Unknown

Basic charting tools

Mobile APP

Security

High 4,9/5

High 4,6/5

Additional features

Margin trading, futures trading, staking, HTX token (HT) rewards

Margin trading, staking, Okcoin Earn, fiat on/off ramps

Anonymity

Yes

Key points

Available cryptocurrencies

Information not readily available

30+

User-friendliness

HTX provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Okcoin provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Value for money

Provides decent value for money with competitive fees and a user-friendly interface, though it may lack some advanced features.

Delivers good value for money with low trading fees and a user-friendly interface, making it a cost-effective choice for traders.

Countries of operation

China, Singapore, United States, Canada, Australia

United States, Canada, United Kingdom, Europe, Singapore

Best for

Ideal for traders seeking a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies.

Best for traders seeking a user-friendly platform with low fees and a wide range of supported cryptocurrencies.

Base currencies available

Not widely known

USD, EUR, SGD, BTC

Account

Trading

HTX provides a secure and user-friendly platform with a good selection of cryptocurrencies. It offers competitive fees but lacks some advanced trading features.

OKCoin provides a secure platform with a good selection of cryptocurrencies and competitive fees. It offers advanced trading tools but can be complex for beginners.

Deposit and withdrawal

HTX provides multiple deposit options, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

OKCoin supports a wide range of deposit and withdrawal methods, including bank transfers and crypto. Withdrawals are processed quickly, usually within a day, with competitive fees .

Account opening process

HTX offers a seamless account registration process. Users need to fill out personal details and verify their identity. The process is fully digital and typically completed within a day.

OKCoin provides an easy and fast account registration process. Users need to fill out personal details and verify their identity. The process is fully digital and usually completed within a day.

KYC required?

Yes

Customer Service

HTX offers support through email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

OKCoin provides comprehensive customer support through email, live chat, and a help center. Support is available 24/7, and the response times are quick, ensuring users get timely assistance.

Security

HTX provides strong security with 2FA and encryption. Despite its robust security measures, the platform lacks regulation from top-tier financial authorities, which could be a concern for some investors.

OKCoin offers extensive security features, including 2FA, encryption, and cold storage. It is regulated by several financial authorities, making it a highly secure platform for investors.

Which of these exchanges is for you?

Alejandro Borja

As a cryptocurrency analyst, I find HTX to be a robust platform suitable for a range of trading needs. With over 700 cryptocurrencies available and a variety of advanced trading options, HTX caters to both novice and experienced traders. The platform’s security measures, including two-factor authentication and cold storage, provide significant peace of mind. However, its complex interface can be daunting for beginners, and higher fees in some markets may affect frequent traders. Despite these drawbacks, HTX’s extensive offerings and solid security make it a compelling choice for serious traders .

Xavier Tarrasó

As an expert on our website, I recommend Okcoin for those new to cryptocurrency trading due to its user-friendly interface and robust security measures. While it offers a solid foundation for beginners with support for major cryptocurrencies and practical payment options, seasoned traders might find the range of tools and altcoin options somewhat limiting. If you’re starting out or primarily interested in major cryptocurrencies, Okcoin provides a reliable and secure platform to begin your trading journey.

View all comparisons against Htx

View all comparisons against Okcoin

How do we review crypto exchanges?

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.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.