1 Level
9 Review
2 Karma
Review on OKEx by Temi Tutor
OKCoin is a Chinese-based exchange that was founded in 2013 and is currently…
OKCoin is a Chinese-based exchange that was founded in 2013 and is currently one of the most dominant players on the Bitcoin trading scene. It is a digital trading platform which provides spot trading of digital currencies and fiat currencies to customers worldwide. The company is structured similarly to Coinbase and GDAX, where you have one of the brands focused on the needs of basic customers and the other on more serious traders. The trading oriented segment of OKCoin is also known as OKEX.
Pros
- OKCoin accepts fiat currency deposits; however you can only deposit Chinese Yuan (CYN) on the OKCoin China exchange wallet the exchange has announced that it plans on re-including support for US customers and USD deposits
Cons
- It goes without saying that main regulatory bodies controlling the exchange are Chinese. While China is not strictly against Bitcoin and crypto exchanging, its recent clampdown on ICOs suggests that some harsher regulation is coming for all crypto transactions. This could negatively affect OKCoin and its ability to provide cheap, fast and secure service to its users.
