© All rights reserved 2024 | Threenvest I/S
Menu
Your expert: Alejandro Borja
Your expert: Xavier Tarrasó
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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 $100.
And 1% fee on all cryptocurrency trades.
| Okcoin | FEATURES | Simpleswap |
|---|---|---|
|
Okcoin allows for relatively low minimum trade volumes, making it accessible for beginners without requiring large initial investments. |
Minimum Trade |
SimpleSwap supports flexible trading with no minimum deposit, making it accessible for casual users and beginners to start trading with any amount. |
|
Okcoin’s fees are competitive within the industry, but they are not the lowest available, which could be improved to attract more users. |
Trading and Transaction Fees |
The platform operates with a straightforward fee structure but lacks the transparency of detailed fee breakdowns that might benefit users looking for cost efficiency. |
|
While Okcoin supports all major cryptocurrencies, its selection of altcoins is somewhat limited compared to larger exchanges. |
Number of Cryptocurrencies |
Offers a wide variety of over 300 cryptocurrencies, providing users with extensive options for trading different digital assets. |
|
The platform offers a decent range of crypto-to-crypto trading pairs, though it lacks the variety seen in more comprehensive exchanges. |
Crypto-to-Crypto Trading Pairs |
Supports numerous trading pairs, allowing for versatile crypto-to-crypto exchanges, though it could expand into more niche or emerging cryptocurrencies. |
|
Okcoin provides clear information on fees and security practices, though details on corporate governance could be more comprehensive. |
Website Transparency |
While the website is user-friendly, it could improve by providing more detailed information about the company’s background and operational logistics. |
|
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. |
Credit/Debit Card |
SimpleSwap focuses solely on cryptocurrency exchanges and does not provide additional financial tools like an exchange card, limiting its utility for everyday transactions. |
|
The exchange offers secure storage options with a majority of assets kept in cold storage, enhancing security for user funds. |
Storage Offering |
Provides secure storage options, though detailed information on security measures and storage capabilities could be more transparent. |
|
Currently, Okcoin has limited options for staking and rewards, which is an area ripe for development to enhance user returns. |
Staking and Rewards |
Limited staking options and rewards are available, which could be enhanced to attract long-term investors. |
|
Okcoin provides robust mobile and desktop platforms that are intuitive and user-friendly, suitable for traders of all experience levels. |
Mobile App and Desktop |
Offers a functional mobile app that is efficient and convenient for trading on the go, although further enhancements could improve user experience and features. |
|
Customer service is available, but response times can vary. Improving responsiveness and support hours could boost user satisfaction. |
Customer Service |
Generally receives positive feedback for customer service, but could benefit from extended support hours and faster response times. |
|
Deposits and withdrawals are handled efficiently on Okcoin, with support for multiple payment methods, though some users seek faster processing times. |
Deposit and Withdraw |
Crypto deposits and withdrawals are supported, but the addition of fiat options and reduction of withdrawal fees would improve this feature. |
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.
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.
We help you invest in the crypto market in the safest way possible.
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