About Okcoin
What is Okcoin?
Okcoin is one of the world's oldest fiat-to-cryptocurrency exchanges, established in 2013. Licensed globally, it operates in over 190 countries. As of 2022, the platform boasts over 4 million users with daily trading volumes reaching millions of dollars.
Headquartered in the U.S., Okcoin maintains six international offices across San Francisco, Miami, Malta, Hong Kong, Singapore, and Japan.
Who Founded Okcoin?
The global cryptocurrency exchange was founded by Mingxing Xu (alias "Star Xu"). Born on April 3, 1987, Xu graduated from Beijing University of Science and Technology with a degree in Applied Physics in 2006.
With a background in technology management, Xu previously worked at Alibaba and Yahoo, specializing in search algorithm development. He also served as CTO of DocIn.com, China's largest document-sharing service.
When Was Okcoin Launched?
Founded in 2013, Okcoin expanded into the U.S. market in July 2018 after receiving approval from the U.S. Financial Crimes Enforcement Network (FinCEN) in November 2017.
Where Is Okcoin Located?
The exchange is headquartered in San Francisco, with additional offices in Japan, Hong Kong, Malta, Singapore, and Miami.
Restricted Countries
Okcoin services are available in 192 countries. However, U.S. residents can only access the platform via Okcoin USA. Services are unavailable in Hawaii, Nevada, New York, West Virginia, and all U.S. territories except Puerto Rico. Additionally, U.S.-sanctioned regions like Cuba, Iran, North Korea, Crimea, Sudan, and Syria are restricted.
Supported Currencies
The platform supports 76 tokens and 4 fiat currencies (USD, EUR). Popular assets include BTC, ETH, XRP, LTC, SOL, and DOGE. While its cryptocurrency selection is narrower than competitors, Okcoin compensates with advanced trading features.
Okcoin Fee Structure
The exchange employs a tiered fee system ranging from 0% to 0.20%, based on 30-day trading volume:
- Maker fees: 0% – 0.10%
- Taker fees: 0.02% – 0.20%
Leverage and Margin Trading
Traders can utilize up to 3x leverage for margin trading on the platform.
Market Data
| # | Currency | Trading Pair | Price | +2% Depth | -2% Depth | Volume | Updated At |
|---|---|---|---|---|---|---|---|
| No data available |
👉 Discover competitive trading fees with Okcoin's tiered structure.
Key Features
- Global Compliance: Operates under multiple international licenses
- Fiat Onramps: Direct USD/EUR deposits via bank transfer
- Staking Options: Earn rewards on supported assets
- Institutional Tools: API access and OTC trading desk
👉 Explore institutional solutions for high-volume traders.
FAQs
Is Okcoin safe to use?
Yes, Okcoin implements industry-standard security measures including cold storage, 2FA, and withdrawal whitelisting.
What payment methods does Okcoin support?
Bank transfers (ACH/Wire), debit cards, and third-party payment processors like PayPal (select regions).
Does Okcoin offer staking?
Yes, the platform provides staking opportunities for multiple Proof-of-Stake cryptocurrencies.
Can I trade futures on Okcoin?
Currently, Okcoin only offers spot and margin trading, not derivatives.
How long do withdrawals take?
Crypto withdrawals are typically processed within 30 minutes, while fiat withdrawals may take 1-5 business days.
Does Okcoin have a mobile app?
Yes, both iOS and Android apps are available with full trading functionality.
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