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Best Coin Exchange » OKCoin
OKCoin
User rating
Our Rating

OKCoin

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    Company name
  • Company: Beijing Network Technology Co, Ltd
    Founded: 2011
  • Server location
  • Server Location: CN
  • Company's turnover in dollars
  • Turnover: 8.5
  • Mobile version
  • Mobile version: No
  • BTC price
  • Current BTC price: -
  • Available currencies
  • Currencies: CNY
  • Withdrawal fee
  • Fee: From 0.1%
  • Withdrawal time
  • Time: 0.5 day
  • Application programming interface
  • API: Yes
  • Support via
  • Support: Live chat, Phone call, Email

OKCoin Review

 

OKCoin is a Chinese bitcoin and litecoin exchange that allows to buy and sell these two cryptocurrencies. The company called Beijing Network Technology Co. is located in Beijing, China. The company has recently attracted a significant amount of funding which is $10m and they are planning to use it to expand globally. OKCoin have already announced that they are working on an English website. That should make it even more popular as for now the exchange does not seem to be usable by non-chinese. OKCoin is claimed to be China’s largest exchange by trading volume.

OKCoin’s CEO is Star Xu. The company was founded in 2011. From that time it has found some valuable investors, who helped this exchange to emerge.

Server of the exchange is located in Beijing, China. The company works under the jurisdiction of China.

OKCoin does not provide information about the turnover, however they do have the amount of bitcoins and litecoins that have been exchanged on their platform during the last 24 hour period. This can pretty much tell how popular the exchange is, if more than fifty thousand bitcoins is being exchanged there daily.

There are official OKCoin’s apps for Android and Iphone users listed on their site for anybody to download and use them. They seem to be developed rather properly and work fine.

OKCoin does not take any commission for trading bitcoins and litecoins on their platform. This is a very nice term for those who use OKCoin.

OKCoin provides the ability to use API. However their API documentation seems to be rather poor, also, everything is in Chinese.

The support side looks very nicely established. A concerned user can call them on the phone, what probably is the fastest way of getting some help, moreover, there is a live chat available, the second best support option. There is also email, which is always there to ask for help or some info.

In conclusion OKCoins seems like a legit exchange for Chinese, as non-chinese would have hard time passing their verification. Their no fee trading policy is a nice option, however they seem to have some problems with recharge regarding one of the main banks in China.

We liked:

- China’s largest exchange
- Apps for Android and iPhone
- No commission
- Support side

We weren’t so sure about:

- Unlikely to be used by non-chinese
- API documentation
- Recharge issues

We hated:

- Only Chinese language

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2 Comments
  • May 5, 2014

    Why these guys cant translate simple text and go worldwide?? Rates are so good there….and prices for BTC…I dont understand a thing there..

    Reply
  • June 10, 2014

    okcoin should‘t have such a high ranking
    and you can see OKcoin review with chinese, this http://blog.sina.com.cn/s/blog_13271b40f0101jujs.html.
    their credibility and reputation in china is not bad.

    Reply