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Fees
Earns
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Fees
Earns
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Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Okcoin | FEATURES | Switchere |
|---|---|---|
|
Okcoin allows for relatively low minimum trade volumes, making it accessible for beginners without requiring large initial investments. |
Minimum Trade |
Switchere offers a low minimum trade amount, making it accessible for beginners or those looking to experiment with small transactions. |
|
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 fees are relatively high compared to industry standards, which might deter frequent traders or those dealing in larger volumes. |
|
While Okcoin supports all major cryptocurrencies, its selection of altcoins is somewhat limited compared to larger exchanges. |
Number of Cryptocurrencies |
Switchere supports a limited but essential selection of cryptocurrencies, suitable for those new to crypto but restrictive for diverse portfolios. |
|
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 |
Offers basic trading pairs; however, it lacks the variety provided by larger exchanges, limiting strategic trading options. |
|
Okcoin provides clear information on fees and security practices, though details on corporate governance could be more comprehensive. |
Website Transparency |
The website clearly outlines fees, processes, and security measures, providing users with the information they need to make informed decisions. |
|
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 |
Switchere focuses on direct cryptocurrency purchases with fiat and does not provide additional financial tools like a branded exchange card. |
|
The exchange offers secure storage options with a majority of assets kept in cold storage, enhancing security for user funds. |
Storage Offering |
Offers secure storage solutions, though it might lack some advanced security features available on more specialized platforms. |
|
Currently, Okcoin has limited options for staking and rewards, which is an area ripe for development to enhance user returns. |
Staking and Rewards |
Limited options for staking and rewards, which could be expanded to encourage longer-term investments and user retention. |
|
Okcoin provides robust mobile and desktop platforms that are intuitive and user-friendly, suitable for traders of all experience levels. |
Mobile App and Desktop |
Both mobile and desktop platforms are user-friendly and reliable, though they may lack some functionalities expected by advanced users. |
|
Customer service is available, but response times can vary. Improving responsiveness and support hours could boost user satisfaction. |
Customer Service |
Generally responsive and helpful, but some users may experience delays during peak 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 |
The process is straightforward, but the high fees for some operations and limited methods for withdrawal can be a drawback. |
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