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Fees
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Fees
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Beginners
Trading
Passive income
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Beginners
Trading
Passive income
Buy and hold
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| Poloniex | FEATURES | Okcoin |
|---|---|---|
|
Poloniex allows for relatively small minimum trade amounts, which is ideal for new traders looking to experiment with minimal investment. |
Minimum Trade |
Okcoin allows for relatively low minimum trade volumes, making it accessible for beginners without requiring large initial investments. |
|
Known for competitive, low trading fees, Poloniex is an excellent choice for cost-effective trading. |
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 broad range of cryptocurrencies, although not as extensive as some larger exchanges. |
Number of Cryptocurrencies |
While Okcoin supports all major cryptocurrencies, its selection of altcoins is somewhat limited compared to larger exchanges. |
|
Provides a wide variety of trading pairs, allowing for versatile trading strategies but could expand to include more rare or emerging tokens. |
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. |
|
While Poloniex provides essential information, there could be more detailed disclosures about security practices and fund storage. |
Website Transparency |
Okcoin provides clear information on fees and security practices, though details on corporate governance could be more comprehensive. |
|
Poloniex does not offer an exchange card for in-store purchases. |
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. |
|
Offers secure storage options, but lacks some advanced features like insured custodial services. |
Storage Offering |
The exchange offers secure storage options with a majority of assets kept in cold storage, enhancing security for user funds. |
|
Offers some staking options, but the rewards and variety are not as competitive as other leading exchanges. |
Staking and Rewards |
Currently, Okcoin has limited options for staking and rewards, which is an area ripe for development to enhance user returns. |
|
Both the mobile app and desktop platform are user-friendly and reliable, though some users may find them less feature-rich compared to those of top competitors. |
Mobile App and Desktop |
Okcoin provides robust mobile and desktop platforms that are intuitive and user-friendly, suitable for traders of all experience levels. |
|
Customer service is available, but response times and the quality of support have room for improvement. |
Customer Service |
Customer service is available, but response times can vary. Improving responsiveness and support hours could boost user satisfaction. |
|
Deposits and withdrawals are handled efficiently, though primarily limited to cryptocurrencies which might limit accessibility for some 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.
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.
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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