Okcoin

What Is Okcoin?

Founded in 2013, Okcoin is a US-headquartered cryptocurrency exchange serving 190+ countries and territories. The platform enables retail and institutional investors to purchase digital assets using local currencies, with a mission to make crypto easy for everyone, including first-time buyers. Okcoin was the first centralized exchange to offer direct entry into decentralized finance (DeFi) with Earn, a tool for earning APY through decentralized lending, liquidity pools, staking, and more. In addition, Okcoin offers institutional trading tools and APIs to asset managers, venture capital and hedge funds, retail brokers, payment processors, and more.

Buy crypto: https://www.okcoin.com/buy Earn crypto: https://www.okcoin.com/earn Developer grants: https://developergrant.okcoin.com Mobile apps: https://www.okcoin.com/mobile

Who Are the Founders of Okcoin?

The global crypto exchange is the brainchild of Mingxing Xu, aka Star Xu. Born on 3rd April 1987, Xu obtained a Bachelor’s degree in Applied Physics from the University of Science and Technology Beijing in 2006.

He has a background in technology management, including stints at Alibaba and Yahoo, where he worked on developing search algorithms. He was also the CTO of DocIn.com, China’s largest document-sharing service.

When Did Okcoin Launch?

Okcoin was founded in 2013. In July 2018, the company expanded into the U.S. market after filing a money service business (MSB) registration with the U.S. Financial Crimes Enforcement Network (FinCEN) in November 2017.

Where Is Okcoin Located?

The crypto exchange has its headquarters in San Francisco, with other global offices in Japan, Hong Kong, Malta, Singapore, and Miami.

Okcoin Restricted Countries

Customers in 192 countries can access the services of the trading platform. U.S. residents can only use Okcoin through Okcoin USA. The trading service is currently restricted in regions like Hawaii, Nevada, New York, West Virginia, and all U.S. territories other than Puerto Rico. Furthermore, its services are halted in regions that are sanctioned by the U.S., including Cuba, Iran, North Korea, Crimea, Sudan, and Syria.

What Coins Are Supported on Okcoin?

The platform supports 76 coins and four fiat currencies, including popular assets like USD, EUR, BTC, ETH, XRP, LTC, SOL, and DOGE. Although the exchange does not offer as many cryptocurrency assets as its competitors, it makes up for it with advanced trade types.

How Much Are Okcoin Fees?

The company offers a tiered fee structure ranging from 0% to 0.20%, based on a user’s 30-day trading volume. While maker fees vary from 0% to 0.10%, taker fees are between 0.02% and 0.20%.

Is It Possible To Use Leverage or Margin Trading on Okcoin?

Traders can use margin to trade with up to 3x leverage on the exchange.

What new local currencies can I use to buy and sell crypto?

You will soon be able to use EUR to transact on Okcoin. Also, if your credit or debit card supports EUR, GBP, CAD, AUD, BRL, SGD, or HKD, you will be able to purchase crypto in your local currency and reduce foreign exchange fees.