Okcoin Review: Pros, Cons, and More | The Ascent by Motley Fool


Top perks

Low fees

The area where Okcoin stands out the most is its fees, which are some of the cheapest we’ve found. Trading fees depend on your monthly trading volume, but the most you’ll pay is 0.2%.

For comparison, many popular crypto exchanges have fees starting at 0.5%, and some even charge 1% to 1.5%. You’ll save quite a bit on fees when you invest in crypto with Okcoin, and over time, that makes a difference.

COMPARE TOP PICKS: Best Cryptocurrency Apps and Exchanges

User-friendly design

Okcoin has a fantastic design and layout. Everything is clearly labeled and easy to understand, which is helpful if you’re getting started with crypto. The exchange explains how to set up an account and start buying cryptocurrencies right from its homepage.

It also has a detailed help center and categorizes different types of cryptocurrency on its trading platform. If you want to check out major cryptos, decentralized finance (DeFi) projects, or stablecoins, you can quickly jump to those.

Beginner and advanced trading platforms

This exchange offers two different trading interfaces. The default platform is straightforward and perfect for beginners who want to buy and sell crypto without getting overwhelmed. The advanced platform gives you more charting tools, which are helpful for more experienced traders.

Wide selection of cryptocurrencies

You can buy, sell, and trade over 60 cryptocurrencies on Okcoin. That’s a strong lineup, and it gives you plenty of different projects to invest in, from the biggest cryptos on the market to cryptos that are still working to break into the top 50.

Okcoin is especially well known as one of the best places to buy Bitcoin. It reportedly transacts over 16 million Bitcoin per month. The exchange is also the first in the United States to let you purchase Bitcoin in satoshis, the smallest Bitcoin unit. Some traders prefer this over buying a tiny fraction of a Bitcoin.

Offers crypto staking and lending

Crypto staking and lending are popular ways to earn rewards on your crypto holdings. Okcoin makes this easy and offers competitive interest rates.

You can earn rewards on more than 10 of the cryptocurrencies that Okcoin offers just by depositing them to a staking/lending pool. Interest rates depend on the cryptocurrency. Several offer an APY of over 5%, and there are a few offering over 10%.

LEARN MORE: What Is Staking in Crypto?

Mobile app

Okcoin offers highly rated mobile apps for Apple and Android devices. The Okcoin mobile app offers the same features as the web platform, so you can use it for crypto trades, staking, deposits, and withdrawals.

Read More: Okcoin Review: Pros, Cons, and More | The Ascent by Motley Fool

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