OKCoin is a digital asset trading platform that allows users to purchase, sell, store, and exchange digital assets such as Bitcoin, Ethereum, and Litecoin. In this post, we will look at OKCoin’s numerous advantages and why it is quickly becoming one of the most popular platforms for trading digital assets.
The OKcoin exchange provides over 30 trading pairs with comprehensive functionality for novices and high-volume users.
The exchange’s trading platform for Bitcoin and a few other currencies is significantly advanced and robust. The web-based trading platform is designed for more experienced traders but is equally simple for newcomers.
The platform includes powerful trading charts with full-screen viewing capabilities. Before making a trade, a trader can undertake a technical analysis using the technical indicators and trading tools accessible on the charts.
Both the website & the platform. They are simple to use & highly responsive.
Traders can make use of the user. Interface’s intuitive design.
Both the website and the platform are simple to use and highly responsive. The user interface is simple, allowing traders to take advantage of the platform and all the trading possibilities available. Furthermore, Okcoin provides a mobile app for both Android and Apple smartphones. All of the functionality of the web-based platform is available in a mobile-optimized version of the application.
Okcoin is perfect for experienced traders because the platform supports a variety of complicated trading types. Futures trading, trailing stop orders, Iceberg orders, and TWAPs are all options for traders. The exchange offers fewer coins, but it compensates with complex trading. Bitcoin, Ethereum, Litecoin, Ethereum Classic, and Bitcoin Cash may all be exchanged against CNY and USD on the platform.
How to use OKcoin?
To use the OkCoin exchange, you must open an account on the platform. Here’s the process of opening an account:
Step 1: Sign-up
Go to the OkCoin exchange website and sign up for an account by filling out the given form, agreeing to the terms and conditions, and clicking on ‘Sign-Up.’ Now you can log into your account.
Step 2: Verification
To secure their assets on the website, traders have to verify their identities. You can only add funds to your account once you finish the verification process.
When level 1 verification is complete, you can only withdraw up to 2 bitcoins. If you wish to withdraw more, you must complete the second verification level by providing images of your passport and address proof. Moreover, you must contact business support to withdraw more than 50 bitcoins.
Step 3: 2FA Security
2FA, or two-factor authentication, secures your account and confirms the user’s identity by combining two factors. You can activate this feature by navigating to the security section and selecting Google Authenticator. Scan the security barcode and confirm after putting in the numbers.
Step 4: Fund OKCoin Account
To add funds to the Okcoin account, select Fund and click Token Deposit. Pick the token, scan the QR code, or copy the deposit address. You can review your funding transactions by finding the deposit history in Token Deposit.
You can report your OKCoin taxes using ZenLedger, a crypto tax software. You can import all your transactions into ZenLedger via a CSV or API code import. After you do this, the software automatically calculates your gains, losses, and costs based on your OKCoin investing activity. After reviewing the transactions, you can use the software to report your OKCoin taxes.