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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
| Features | Swyftx | Okcoin |
|---|---|---|
|
Minimum Trade |
Swyftx allows for relatively low minimum trades, making it accessible for beginners who wish to start small. |
Okcoin allows for relatively low minimum trade volumes, making it accessible for beginners without requiring large initial investments. |
|
Trading and Transaction Fees |
The platform has competitive fees, lower than many of its local competitors, though slightly higher than global exchanges. |
Okcoin's fees are competitive within the industry, but they are not the lowest available, which could be improved to attract more users. |
|
Number of Cryptocurrencies |
Swyftx offers a wide selection of cryptocurrencies, catering to traders interested in both popular and less-known coins. |
While Okcoin supports all major cryptocurrencies, its selection of altcoins is somewhat limited compared to larger exchanges. |
|
Crypto-to-Crypto Trading Pairs |
Offers a robust range of trading pairs, enabling flexible trading strategies across various digital assets. |
The platform offers a decent range of crypto-to-crypto trading pairs, though it lacks the variety seen in more comprehensive exchanges. |
|
Website Transparency |
The Swyftx website provides clear, detailed information on fees, policies, and trading options, aiding users in making informed decisions. |
Okcoin provides clear information on fees and security practices, though details on corporate governance could be more comprehensive. |
|
Credit/Debit Card |
The Swyftx crypto debit card seamlessly converts cryptocurrencies to fiat for easy everyday transactions, with added benefits such as reward points on purchases. |
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. |
|
Storage Offering |
Provides secure storage options, though it's always recommended users keep large amounts in personal wallets for added security. |
The exchange offers secure storage options with a majority of assets kept in cold storage, enhancing security for user funds. |
|
Staking and Rewards |
Offers staking options but with fewer choices and rewards compared to leading competitors. |
Currently, Okcoin has limited options for staking and rewards, which is an area ripe for development to enhance user returns. |
|
Mobile App and Desktop |
Both mobile and desktop platforms are highly rated for their user-friendly interfaces and functionality. |
Okcoin provides robust mobile and desktop platforms that are intuitive and user-friendly, suitable for traders of all experience levels. |
|
Customer Service
|
Generally responsive and helpful customer service, but peak times can see slower responses. |
Customer service is available, but response times can vary. Improving responsiveness and support hours could boost user satisfaction. |
|
Deposit and Withdraw |
Deposits and withdrawals are generally efficient, though some users report delays during high-demand periods. |
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.
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