We will explain the features, reviews, and reputation of the virtual currency exchange OKCoinJapan. OKCoin Japan is part of the OKX group and can be said to be one of the world’s top virtual currency exchanges exclusively for Japanese people. OKCoin Japan is operated in Japan and is securely registered with crypto asset exchange companies, so you can rest assured.
Basic information about OKCoinJapan
OKCoin Japan will become the Japanese subsidiary of OK Group and the Japanese branch of the world-famous OKX virtual currency exchange. OKCOINJapan was established in September 2017 and is licensed as a virtual currency exchange operator by the Domestic Financial Services Agency. Therefore, you can conduct transactions with great peace of mind. OK Group is the world’s best virtual currency exchange, with exchanges not only in Japan but all over the world.
| Operating company | Okex Fintech LLC. |
| Establishment | 2017 |
| Headquarters | セーシェル |
| maximum leverage | ‐ |
| Virtual currencies handled | 10～ |
| transaction fees | Maker：～0.07％ Taker：～0.14％ |
| URL | OK Coin Japan |
One of the world’s top exchanges
OKCOINJAPAN is one of the world’s top exchanges. It is as well known as major exchanges such as OKX, Binance, Bybit, and Coinbase. Since such a major exchange is provided for Japanese people, it is very safe in terms of name recognition and reliability. We are also issuing new currencies such as OKB. We have a solid track record in financial services.
Perfect for security
OK Coin Japan’s parent company is OK Group, which operates exchanges around the world. Since cold wallets are used and each wallet is managed using know-how accumulated through experience, users can have confidence in its security by authenticating. It uses a system that always requires two-step verification, which helps prevent hacking. We monitor the system 24 hours a day, 365 days a year to provide a safe and reliable trading environment.
About the features of OKCoinJapan
We will explain the features, advantages, and disadvantages of OKCoinJapan, so please refer to the following. We will introduce a list of contents. OKX is a famous and popular exchange that ranks high in popularity rankings, and there are many people who have registered it. Compared to DMM Bitcoin, Bitflyer, Coincheck, GMO, etc., it handles more currencies and offers a wide variety of currencies that you can hold. We support deposits and withdrawals in Japanese yen. Since the spread is narrow to get started, it can be said that it is a good company even for beginners. OKX also has its own token called OKB, which is very promising.
Fees are easy
At OKCOINJapan, Maker: 0.07%, Taker: 0.14%, which is a fairly low fee for both makers and takers. At other exchanges in Japan, one of the above is often free of charge, so it can be said that the transfer fee is a little high, but it is cheaper among global exchanges.
IOST is listed
A feature of OKCoinJapan’s structure is that it handles IOST, which is not handled by virtual currency exchanges in Japan. It is an abbreviation for “Internet of service token” and is a currency that aims to popularize internet services using blockchain technology. It has the characteristic of fast processing speed. Other details of the currencies and brands currently supported by OK Coin Japan are as follows. It is top class and customers have expressed their satisfaction and expectations, so let’s consider it.
- Bitcoin (BTC)
- Ethereum (ETH)
- Palette Token (PLT)
- IOST (IOST)
- Engine Coin (ENJ)
- Ripple (XRP)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Risk (LSK)
- Tron (TRX)
- Basic Attention Token (BAT)
- Quantum (QTUM)
- Ethereum Classic (ETC)
- Cardano (ADA)
- Avalanche (AVAX)
- Deepcoin (DEP)
- Polkadot (DOT)
- Stellar Lumens (XLM)
Automatic trading is possible
OKCOINJapan has started a service that allows automatic trading of BTC (Bitcoin) from 2021. Automated trading is possible by partnering with QUOREA, an automated trading CtoC platform that utilizes AI. It automatically makes purchases and sales based on preset programs.
Deposit methods are legal currency and Japanese yen
OKCOINJapan supports legal currency and Japanese yen for deposit methods and withdrawals. We apologize, but we cannot accept payment by credit card. OKGROUP has the best system and has thorough screening and monitoring, so you can feel safe. There is a wide variety of content, and you can also aim to earn coins. Aim for big profits while using your own trading tools. You can easily withdraw funds from the application page. We collaborate with external exchanges to provide a wide range of support.
Not many compatible services
OKCOINJapan supports fewer services. As for order categories, accumulated staking and spot trading are possible. However, it does not support futures trading or lending. Since it does not support leveraged trading, it is difficult to make money from a small amount by taking advantage of maximum leverage. Also, since it is Japan, the zero cut system is not adopted. In the future, we are expanding our horizons and may even be able to sell and buy NFTs.
Smartphone apps are not applicable
OKCOINJapan only supports web browsers. There is no trading app for smartphones. Prices often fluctuate during the day, so if you are out of town or at work and cannot use your computer, you may have a hard time. The disadvantage is that you have to open a browser, log in, and view the transaction screen. Compared to others, the risk is that you cannot manage funds from your wallet on your smartphone.
There are few campaigns in progress.
OKCOINJapan has fewer promotions such as bonuses and campaigns compared to OKX. The disadvantage is that there are very few events, launch pools, IEOs, etc. As of 2024, the services being held are as follows. There are many attractive campaigns and they are fulfilling, but the most recent target period is irregular and the format varies. Evaluations are divided into good and bad. If you are a new user, consider whether it is suitable for you while using it.
| Friend Referral Program (always held) | If you introduce a friend to OKCoinJapan, the person you introduce will receive 1,500 yen worth of Bitcoin, and the person you introduce will receive 1,000 yen worth of Bitcoin. |
| half-life campaign | If you meet the conditions, you will receive Bitcoin (BTC) as a gift. ・When you complete account opening, you will receive BTC worth 1,000 yen. ・If you deposit 30,000 yen or more or stock 30,000 yen or more worth of BTC, you will receive 1,000 yen worth of BTC. ・During the campaign period, 10 people will be randomly selected from among those who traded BTC for 100,000 yen or more to receive 5,000 yen worth of BTC! |
| Learn on the spring breeze ~ Cryptocurrency quiz festival | Those who answer a total of 12 questions will receive a share of crypto assets worth a total of 8.88 million yen. |
| “Student Discount Campaign” Transaction Fee Free | All those who submit their “student ID” during the campaign implementation period will receive zero (0%) transaction fees (both maker and taker fees) for OKCoinJapan (crypto asset spot trading). |
What do the actual reviews look like?
What do the actual reviews look like? We have compiled information for your reference based on posts from TradersUnion, a major review site. It is characterized by a large number of users from Africa and the Middle East, such as Egypt, Saudi Arabia, India, and Nigeria. The company also has SNS (Twitter) accounts, and the media provides news, explanations, and summaries. Check out the announcements regarding minor physical handling, launch pools, etc. You can predict the future and trade more and more.
Source : TradersUnion
OKX’s platform itself is pretty intuitive, which is nice. I like how you can easily exchange between different cryptocurrencies with zero fees. Plus, the earn rates for locking your crypto for a fixed time are quite attractive. However, one thing that really bugs me is the withdrawal process. It’s just too complicated for my liking. And another downside is that my country’s fiat currency isn’t listed, which makes things a bit inconvenient. Also, I noticed that some coins I wanted to trade weren’t showing up in the search results, even though they’re listed on Coinmarketcap. It’s a bit confusing, to be honest. Overall, OKX has its pros and cons, but it’s been okay for my crypto needs.
Source : TradersUnion
Been playing around with OKX for a while now, mostly on their demo account. Great for getting the hang of the platform and trying out different trading strategies without risking real money. But the demo seems a bit limited. For example, it doesn’t have all the features available on the live account, like margin trading. Wish you could test out everything before jumping in with real cash. Kind of feels like training wheels you gotta eventually take off.
Source : TradersUnion
This is the first cryptocurrency platform I got acquainted with when I started learning about crypto. OKX exchange has been operating for several years and has its popularity among crypto investors. I can’t understand why there are so many negative reviews. I’ve been working with the exchange for almost two years, consistently withdrawing cryptocurrency. Of course, there aren’t so many diverse services here, but it’s enough for me.
Source : TradersUnion
There are a lot of negative reviews about the OKX exchange. Many of the positive reviews are written to deceive users. It’s a proven fact that the exchange may not pay out funds. Additionally, OKX may block user accounts for unfounded reasons. Therefore, I believe it’s better not to take risks and not to open trading accounts here, let alone transfer money.
Source : TradersUnion
If a controversial situation arises on OKX, the issue is not resolved in favor of a trader. When there was a failure on the platform, my trade was closed with a huge minus. When comparing with other cryptocurrency platforms, I did not find the same quotes at a certain point of time that were on OKX. However, the exchange administration decided to leave everything as it is. As if they have their own quotes. After that, the desire to trade here disappeared.
Source : TradersUnion
This OKX exchange comes up with various excuses to avoid processing clients’ withdrawals. I submitted a withdrawal request for 1225 USDT. Normally, withdrawals take a couple of hours on regular cryptocurrency exchanges. Unfortunately, OKX withdrawals come with issues. They forced me to undergo a new verification process, which lasted for two weeks. Then, they deducted a commission of 125 USDT and transferred the funds to my bank card at a rate that further cost me money. In the end, instead of making a profit, I incurred significant losses.
Source : TradersUnion
You can open an account for free
You can open an account from home for free. You can access the official website from the link below and apply using the form. Setup takes just a few minutes. Please have your email address or phone number ready as you will need them. Once you have registered your account, you can trade using your browser or app. Investments can be made easily from the screen. Depending on the security level, you may be required to submit identification documents such as a passport or driver’s license.
Users residing in Japan cannot register on OKX. In that case, you can open an account at OK Coin Japan, an exchange specializing in Japan, so please open one using the button below. This is a good deal and the procedure is easy. We provide the latest services and you can trade in Japan while looking at the data and make profits. We also have a complete set of guides for Japanese people to get started. It is an environment that you can operate and use immediately if you are interested.
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