OKCoin is a Chinese digital currency exchange. Founded in the year 2013, the company deals majorly in Bitcoin exchange. The CEO of OKCoin is Star XU and currently, it has 130 employees. The core team majorly has people from some renowned companies such as Alibaba, Tencent, and Huawei. The company has affiliations from OKEX FIntech Company Limited.
Its headquarters are based in Beijing, China. The company’s investor relationships are strong with Ceyuan Ventures, Mantra Capital, Venture Labs, and also a private investor Tim Draper.
There is crypto to flat currency trading pairs that can be exchanged using this platform. A user can trade USD, Euro and Japanese Yen as flat currency against Bitcoin, Litecoin, Ethereum and other digital assets.
Features of OKCoin exchange
The main goal of OKCoin is to encourage more and more people for digital transactions and converting them into the crypto enthusiast. OKCoin uses Blockchain technology thus making the platform encrypted and secure. Thus, transactions would be more efficient, instant and hassle free.
OKCoin exchange has its technology based on advanced platforms such as GSLB, clusters of distributed servers and dividing the storage. According to OKCoin review, the trading is both fast and efficient. It has both cold storage for storing the digital currency and hot storage, which keeps only a percentage of currency online, but even they hold keys to complete a transaction. The interface of this exchange is easy and user-friendly. To make the customer experience even handy, OKCoin has a mobile application too.
This trading exchange provides API as well with great features such as market data, order book with information and history, trade execution and history etc. The company also provides charts as tools for trading insights. A user can, therefore, understand a market and get a clear picture of different digital assets and their current value. It provides 24*7 assistance through its chat servers.
How to setup an OKCoin account?
In order to setup a new account, log on to www.okcoin.com. Click on the “Sign Up” tab to re-direct the window to the registration page. A user can select the country and enter the phone number.
For verification purpose, an SMS code will be sent to the registered number. Once the number is confirmed, create a password, which is approximately 6-32 characters. Click on “I agree to T&C”. Users can alternatively signup with email ID and password as well.
Trading tools at OKCoin
The trading chart at this exchange OKCoin shows the spot for BTC, ETH & LTC. A user can select different view options such as pro, basic & standard candlestick or trading view from the drop-down menu. The data for trading volume can be obtained by setting the timeline accordingly such as minutes, hours, days or weeks. The indicator option is also available such as MA, EMA, BOLL, and SAR. A user can either select one of the indicators for better understanding or simply use the chart without it.
There is also an option of compare. A trader is always worried about other markets when an investment is involved. Thus, using the “compare” option, a user gets to study the market thoroughly. The 24-hour market volume and the best bid for a currency can be compared on different exchanges. For e.g. Bitcoin information can be seen on Bitfinex, Coinbase, Bitstamp, BTCC, BTC-e etc.
OKCoin Mobile Application
The mobile application for OKCoin runs on both Android and iOS. A user can run multiple accounts and can get real time price alerts for crypto and traditional currency. The spots are available for BTC/CNY, LTC/CNY, BTC/USD, LTC/USD. A user can also operate margin trading from his mobile application thus providing all the convenience a user needs.