OKCoin is another top Bitcoin exchange. Even though it is based in China – it has offshoot offices around the world. With some of the largest volumes and good liquidity – best pricing is easy to achieve. OkCoin offers both LTC and BTC trading pairs into USD as well as futures on LTC and BTC with leverage up to 20 X.
Bringing a futures angle into the market makes OkCoin one of the more innovative exchanges out there and gives a breadth of options to structure various financial positions in both Bitcoin and Litecoin markets.
The layout and functionality of the exchange is easy to understand and offers good security through its bespoke cold wallet technology to secure private keys offline with little to no risk.
Trading fees vary depending on your 30 day volume from 0.20% to 0.1% if your trading over 25,000 BTC. USD deposit fees range depending on the provider you use with OKpay at 1.5% and PerfectMoney at 3% – standard bank telegraphic transfers are only subject to the bank charges. The USD withdrawal fee is 0.1% or USD 15 – whichever is greater. For BTC and LTC withdrawals the exchange charges 0% – although the bitcoin and litecoin minimum network fee might apply.
At the beginning of 2017, the People’s Bank of China announced inspections on the three major exchanges in the country. Following these inspections, OKcoin has halted margin trading services and instituted a trading fee of 0.2%/0.2%